Sati Poly Plast IPO will open for subscription from 12 July 2024. The company aims for an issue size of ₹17.36 Cr through this IPO.
Company Overview
| Full name | Sati Poly Plast Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://www.satipolyplast.in/ |
About Company
Sati Polyplast is an ISO-certified company that manufactures flexible packaging materials to cater to the packaging needs of various industries. It offers end-to-end solutions to cater to multiple flexible packaging needs.
The company has set up two manufacturing units out of which ‘Unit 1’ is located at Budh Nagar – Noida with an installed capacity of 540 tons per month and ‘Unit 2’ is situated at Udyog Kendra, Noida with an installed capacity of 540 tons per month. The company supplies its packaging material to states such as Assam, Bihar, Chhattisgarh, Dadra Nagar Haveli, Daman & Diu, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab and Rajasthan.
The company’s clients include Pidilite, Adani Wilmar, JVL, Mother Dairy, Patanjali, and Bikano. As of 31 March 2024, the company had 135 full-time employees on its payroll.
The Objectives of the Issue
- Working Capital Requirements.
- General Corporate Purposes
Sati Poly Plast OfferTimetable
| IPO Opening date | 12 July 2024 |
| IPO Closing | 16 July 2024 |
| Basis of Allotment | 18 July 2024 |
| Initiation Refund | 19 July 2024 |
| Credit to Demat Account | 19 July 2024 |
| Listing Date | 22 July 2024 |
Sati Poly Plast IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹17.36 Cr – 1,335,000 shares |
| Fresh Issue | ₹17.36 Cr – 1,335,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹123 to ₹130 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 70,000 shares |
| Shareholding pre-issue | 3,612,000 |
| Shareholding post-issue | 4,947,000 |
| Listing Exchange | NSE SME |
Sati Poly Plast IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2,000 | ₹260,000 |
Sati Poly Plast Offer Documents
Sati Poly Plast Offer Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 379,000 (28.39%) |
| Market Maker Shares Offered | 70,000 (5.24%) |
| QIB Shares Offered | 253,000 (18.95%) |
| NII (HNI) Shares Offered | 190,000 (14.23%) |
| Retail Shares Offered | 443,000 (33.18%) |
| Total Shares Offered | 1,335,000 (100%) |
Sati Poly Plast Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 175.16 | 190.92 | 179.35 |
| Expenses | 175.07 | 187.03 | 175.23 |
| Net income | 0.28 | 3.09 | 3.29 |
Sati Poly Plast Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.88 | 9.68 | 9.70 |
| PE ratio | – | – | 12.68 – 13.40 |
| RONW (%) | 31.81 | 77.68 | 26.71 |
| NAV | 2.78 | 12.46 | 36.29 |
| ROCE (%) | 9.21 | 22.63 | 20.45 |
| EBITDA (%) | 2.92 | 4.59 | 5.17 |
| Debt/Equity | 26.58 | 6.62 | 1.82 |
Company Promoters
- Balmukund Jhunjhunwala
- Anita Jhunjhunwala
- Aditya Jhunjhunwala
- Keshav Jhunjhunwala
- Balmukund Jhunjhunwala HUF.
Promoter Holding
| Pre Issue Share Holding | 86.30% |
| Post Issue Share Holding | 63% |
Sati Poly Plast IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 July 2024 | 120 | – | 96,000 |
| 19 July 2024 | 120 | – | 96,000 |
| 18 July 2024 | 120 | – | 96,000 |
| 17 July 2024 | 120 | – | 96,000 |
| 16 July 2024 | 100 | – | 82,500 |
| 15 July 2024 | 95 | – | 80,000 |
| 12 July 2024 | 50 | – | 40,000 |
Sati Poly Plast IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,53,000 | 1,90,000 | 4,43,000 | 8,86,000 |
| 16 Jul 2024 | 146.00 | 569.74 | 669.79 | 498.77 |
| 15 Jul 2024 | 0.02 | 127.65 | 224.05 | 139.40 |
| 12 Jul 2024 | 0.00 | 14.73 | 36.85 | 21.58 |
Sati Poly Plast IPO Allotment Status
Sati Polyplast IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Sati Poly Plast IPO Listing Details
| Listing Date | 22 July 2024 |
| BSE Scrip Code | – |
| NSE Symbol | SATIPOLY |
| ISIN | INE0RPM01017 |
| Final Issue Price | ₹130 per share |
Sati Poly Plast IPO Listing Day Update
| Listing Exchange | |
| Final Issue Price | |
| Open | |
| Low | |
| High | |
| Last Trade |
Sati Poly Plast IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Sati Poly Plast Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: satipoly.ipo@linkintime.co.in
Website: www.linkintime.co.in
Sati Poly Plast Contact Details
SATI POLY PLAST LIMITED
C-44 Phase II, Distt Gautam Budh Nagar Noida,
Nepz Post Office, Gautam Buddha Nagar,
Noida, Uttar Pradesh – 201305
Phone: +91 98181 04164
E-mail: satipolyplast1@gmail.com
Website: www.satipolyplast.in
Sati Poly Plast IPO FAQs
What is the Sati Polyplast offer size?
Sati Polyplast offer size is ₹ 16.42 – 17.36 crores.
What is the Sati Polyplast offer price band?
Sati Polyplast public offer price is ₹ 123 – 130 per share.
What is the lot size of the Sati Polyplast Offer?
Sati Polyplast offer a lot size is 1,000 shares.
What is Sati Polyplast Offer GMP today?
Sati Polyplast IPO GMP today is ₹ 120 per share.
What is the Sati Polyplast kostak rate today?
Sati Polyplast kostak rate today is ₹ NA per application.
What is Sati Polyplast Subject to the Sauda rate today?
Sati Polyplast is Subject to the Sauda rate today is ₹ 96,000 per application.
Final thoughts
Sati Poly Plast IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
