Sati Poly (IPO) opens on July 12, 2024, and closes on July 16, 2024. The allotment for the Sati Poly IPO is anticipated to be completed on Thursday, July 18, 2024. The IPO will be listed on the NSE and SME, with a tentative date of Monday, July 22, 2024.
The price band for the Sati Poly IPO is set at Rs 123 to 130 per share. The IPO is a book-built issue of Rs 17.36 crores, entirely a fresh issue of 13.35 lakh shares.
Sati Poly Plast IPO Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 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 Objectives
The objectives of the Issue are:
- To meet working capital requirements.
- General Corporate Purpose.
About Sati Poly Plast Limited
Established in 1999, Sati Poly Plast specializes in manufacturing flexible packaging materials for a wide range of industries. The company operates two manufacturing units in Noida, with a combined capacity of 1,080 tons per month.
Between 2018 and 2019, Sati Poly Plast successfully increased its installed capacity from 250 tons per month to 500 tons per month.
The company supplies packaging materials to several states, including Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan.
Sati Poly Plast’s client portfolio includes renowned companies such as Pidilite, Adani Wilmar, and JVL.
Sati Poly Plast Limited Financial Information
Sati Poly Plast Limited’s revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,637.57 | 4,194.08 | 3,578.70 |
| Revenue | 17,940.98 | 19,096.69 | 17,522.39 |
| Profit After Tax | 328.64 | 308.89 | 28.23 |
| Net Worth | 1,230.28 | 397.64 | 88.75 |
| Reserves and Surplus | 869.08 | 291.24 | -17.65 |
| Total Borrowing | 2,520.14 | 2,630.50 | 2,358.89 |
Sati Poly Plast IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Issue |
Sati Poly Plast IPO Timeline
Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.
| 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 |
| A 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 |
Conclusion
Sati Poly Plast Limited, a company established in 1999 specializing in flexible packaging materials, is set to open its IPO on July 12, 2024, and close on July 16, 2024. With a price band of Rs 123 to 130 per share, the IPO is a book-built issue worth Rs 17.36 crores, comprising 13.35 lakh fresh issue shares. The company aims to use the raised funds for working capital requirements and general corporate purposes. Sati Poly Plast, known for its clients like Pidilite and Adani Wilmar, will list on the NSE SME with a tentative listing date of July 22, 2024. The allotment is expected on July 18, 2024, and the shares will be credited to demat accounts by July 19, 2024.
