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Sati Poly Plast Limited IPO
Sati Poly Plast Limited was incorporated in July 1999 and the company is an ISO Certified Company engaged in the manufacturing of flexible packaging material that is multifunctional and caters to the packaging requirements of various industries. They provide end-to-end solutions for various flexible packaging needs. Till the year 2015, the company was engaged in the business of trading flexible packaging material. In 2017, the company commenced the manufacturing of flexible packaging material. Sati Poly Plast IPO is a book-built issue of Rs 17.36 crores. The issue is entirely a fresh issue of 13.35 lakh shares. Sati Poly Plast IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. Sati Poly Plast IPO price band is set at â¹123 to â¹130 per share. The minimum lot size for an application is 1000 Shares. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Sati Poly Plast IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Sati Poly Plast IPO is Spread X Securities.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sati Poly Plast Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sati Poly Plast Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Fresh Issue | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,612,000 |
| Shareholding post issue | 4,947,000 |
| Market Maker portion | 70,000 shares |
Sati Poly Plast Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
Sati Poly Plast Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2000 | ₹260,000 |
Sati Poly Plast IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Sati Poly Plast Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 86.30% | 63.00% |
Company & Financials
Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials that meet the packaging needs of various industries. The company has set up two manufacturing units. Plant 1 is located in Gautam Budh Nagar, Noida and can produce 540 tons per month. Plant 2 is situated in Udhyog Kendra, Noida and has an installed capacity of 540 tons per month. The company has steadily increased its installed capacity from 250 tonnes per month to 500 tonnes per month between 2018 and 2019. The company supplies its packaging material to states such as Assam, Bihar, Chhattisgarh, Dadra Nagar Haveli Daman and 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 and JVL.
Competitive Strength:
- -
Sati Poly Plast Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 5,637.57 | 17,940.98 | 328.64 | 1,230.28 | 2,520.14 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,194.08 | 19,096.69 | 308.89 | 397.64 | 2,630.50 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 3,578.70 | 17,522.39 | 28.23 | 88.75 | 2,358.89 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 40.38% |
| ROCE | 20.45% |
| Debt/Equity | 1.82 |
| RoNW | 26.71% |
| P/BV | 3.58 |
| PAT Margin (%) | 1.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.1 | 6.64 |
| P/E (x) | 14.29 | 19.57 |
Objectives of Sati Poly Plast IPO
-
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. Working Capital Requirements.
- 2. General Corporate Purposes.
Sati Poly Plast IPO Review
The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods with boosted profits for FY23 onwards. Based on FY24 super earnings, the issue appears aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation for migration to the mainboard. Well-informed investors may park moderate funds for the medium to long term.
RHP:
DRHP:
Frequently asked Questions (FAQs )
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What is the Sati Poly Plast IPO?
Sati Poly Plast IPO is an NSE SME IPO. They are going to raise ₹17.36 Crores via IPO. The issue is priced at ₹123 to ₹130 per equity share. The IPO is to be listed on NSE.
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When will the Sati Poly Plast IPO open?
The IPO is to open on July 12, 2024, for QIB, NII, and Retail Investors.
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What is Sati Poly Plast IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Sati Poly Plast IPO Size?
Sati Polyplast's IPO size is ₹17.36 crores.
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What is the Sati Poly Plast IPO Price Band?
Sati Poly Plast IPO Price Band is ₹123 to ₹130 per equity share.
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What is Sati Poly Plast IPO Minimum and Maximum Lot Size?
The IPO bid is 1000 shares with ₹130,000.
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What is Sati Poly Plast IPO Allotment Date?
Sati Poly Plast IPO allotment date is July 18, 2024.
