-- / 230 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
61 - 65
Lot Size
230
IPO Size
₹ 66.30 Cr
IPO Listing Details
Listing On
12 Jan'23
Issue Price
65
Listed Price
₹ 85
Retail Gain/Listing Gain
▲30.77%
IPO Timeline
Company Background
Sah Polymers Limited is an ISO 9001:2015 certified company, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks,HDPE/PP woven fabrics, based products of different weight, sizes and colours as per customers specifications.
It offers customised bulk packaging solutions to business-to-business (B2B) manufacturer catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry. Besides, the company is a Del Credere Associate cum Consignment Stockist (DCA/ CS) of Indian Oil Corporation Limited and also operates as Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division.
The company enters into arrangements as third-party manufacturers to manufacture its tape and fabric based on customers’ requirements.
It has two business divisions:
- Domestic sales
- Exports.
The company has presence in 5 states and 1 union territory for its domestic market based on sales made for the three months ended June 30, 2022 and FY 2022, respectively. Internationally it exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy,Dominican Republic, USA, Australia,UAE, Palestine, UK and Ireland.
Presently, it has one manufacturing facility with installed production capacity of 3960 m.t. p.a. located at Udaipur,Rajasthan.
Over the years, the company has made investments, from time to time, in its manufacturing infrastructure to support their product portfolio requirements and its reach. Furthermore, in line with its strategic expansion plans, it intends to use part of Net Proceeds to establish a new facility with an additional installed capacity of 3960 m.t p.a. to manufacture different variants of FIBC products.
Key Strategies
Here are a few strategies Sah Polymers Limited has for its business:
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Setting up a new manufacturing facility to widen product portfolio and increase capacity
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Increase customer network in existing markets and enter new geographical markets
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Carefully evaluate and pursue accretive acquisitions
Sah Polymers Limited Financials
And finally here’s a look at key financials of Sah Polymers Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
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Sah Polymers Ltd IPO FAQs
When is Sah Polymers Ltd IPO listing date?
Sah Polymers Ltd will list on 2023-01-12.
What is the issue size of Sah Polymers Ltd IPO?
66.30 is the issue size of Sah Polymers Ltd IPO.
What is the price band of the Sah Polymers Ltd IPO?
The price band of Sah Polymers Ltd IPO is ₹61 to ₹65.
What is Sah Polymers Limited IPO?
The Sah Polymers Limited IPO has an issue size of Rs. 66.3 crores. The IPO opens for subscription on 30th December and ends on 04th January.
What are the allotment dates for Sah Polymers Limited IPO?
The allotment dates are yet to be announced.
Who is the Registrar of Sah Polymers Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Sah Polymers Limited business?
You can read more about Sah Polymers Limited and its IPO from the company’s red herring prospectus (RHP) here.
