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sati poly plast ipo

Sati Poly Plast IPO

  • Status: Closed
  • RHP:
  • ₹ 123,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    22 Jul 2024

  • Listing Price

    ₹ 247.00

  • Listing Change

    inf%

  • Last Traded Price

    ₹ 205.50

IPO Details

  • Open Date

    12 Jul 2024

  • Close Date

    16 Jul 2024

  • IPO Price Range

    ₹ 123 to ₹130

  • IPO Size

    ₹ 17.36 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    22 Jul 2024

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IPO Timeline

Sati Poly Plast IPO Subscription Status

Last Updated: 16 July 2024 6:33 PM by 5Paisa

Last Updated: 15th July 2024, 06:05 PM by 5paisa

Sati Poly Plast is set to open on 12 July 2024 and will close on 16 July 2024. The company is a manufacturer of multipurpose flexible packaging materials for a range of industries.

The IPO includes a fresh issue of 13,35,000 shares aggregating up to ₹17.36 Cr. The price range is ₹123-₹130 per share and the lot size is 800 shares. 

The allotment is scheduled to be finalized on 18 July 2024. It will go public on NSE SME, with a tentative listing date of 22 July 2024.

Beeline Capital Advisors Pvt Ltd is the book-running lead manager, while Link Intime India Private Ltd is the registrar. 

Objectives Of Sati Poly Plast IPO

1. Working Capital Requirements of the Company
2. General corporate purposes.

Sati Poly Plast IPO Size

Types Size (₹Cr)
Total IPO size 17.36
Offer for sale -
Fresh issue 17.36

Sati Poly Plast IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹130000
Retail (Max) 1 1000 ₹130000
S-HNI (Min) 2 2000 ₹260000

Sati Poly Plast IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 0.02 2,53,000 6,000 0.08
NII (HNI) 127.78 1,90,000 2,42,79,000 315.63
Retail 226.71 4,43,000 10,04,33,000 1,305.63
Total 140.77 8,86,000 12,47,18,000 1,621.33

Sati Poly Plast IPO Anchor Allocation

Anchor Bid Date 11 July, 2024
Total no. of shares offered 379,000
Portion Size for Anchor Investors 4.93 Cr.
Lock in Period for 50% shares (30 days) 17 August, 2024
Lock in Period for rest of shares (90 days) 16 October, 2024

Sati Poly Plast Limited was established in July 1999 and is a manufacturer of multipurpose flexible packaging materials for a range of industries.

The business runs two production facilities. Plant 1 can produce 540 tons per month and is situated in Gautam Budh Nagar, Noida. The installed capacity of Plant 2, which is located in Udhyog Kendra, Noida, is 540 tons per month.

Sati Poly Plast Limited expanded its installed capacity from 250 tonnes per month to 500 tonnes per month between 2018 and 2019. This was a major increase.

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 are just a few of the states to which the company supplies packaging materials.

Peer Comparison

Sabar Flex India Limited
Uma Converter Limited

For More Information
Webstory on Sati Poly Plast IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 179.41 190.97 175.22
EBITDA 4.18 3.94 0.15
PAT 3.29 3.09 0.28
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 56.38 41.94 35.79
Share Capital 3.61 1.06 1.06
Total Borrowings 25.20 26.31 23.59
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities 7.36 3.11 3.49
Net cash from / (used in) investing activities -5.40 -2.36 -1.87
Net cash flow from / (used in) financing activities 0.15 -0.77 -4.19
Net increase (decrease) in cash and cash equivalents 2.11 -0.02 -2.57


Strengths

1. Solid track record in the flexible packaging industry.
2. Combined capacity of 1,080 tons per month.
3. Supplies packaging materials to multiple states across India.
4. Trusted by major clients such as Pidilite, Adani Wilmar, and JVL.
 

Risks

1. Intense competition in the flexible packaging industry.
2. Dependence on the continuous operation of its two manufacturing units.
3. Vulnerability to disruptions in the supply chain and raw material availability.
 

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FAQs

Sati Poly Plast IPO opens from 12th July to 16th July 2024.
 

The size of Sati Poly Plast IPO is ₹17.36 Cr.
 

The price band of Sati Poly Plast IPO is fixed at ₹123 to ₹130 per share. 
 

To apply for Sati Poly Plast IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Sati Poly Plast IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Sati Poly Plast IPO is 1000 shares and the investment required is ₹1,30,000.
 

The share allotment date of Sati Poly Plast IPO is 18th July 2024
 

The Sati Poly Plast IPO will be listed on 22nd July 2024.
 

Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Sati Poly Plast IPO.
 

Sati Poly Plast plans to utilize the raised capital from the IPO to:

Working Capital Requirements of the Company
General corporate purposes.