It manufactures and sells Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, and woven polymer.
It has a presence in 6 states and 1 union territory domestically and it exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy, Dominican Republic, USA, Australia, UAE, Palestine, the UK and Ireland, which contributed 55% to revenue from operations in FY22.
SAT Industries Limited (listed on BSE & NSE) is its Promoter.
It is also a Del Credere associate cum consignment stockist (DCA/ CS) of Indian Oil Corporation and also operates a dealer-operated polymer warehouse of Indian Oil Corporation for its polymer division.
In January 2022, the Company acquired 51.01% of outstanding equity shares of Fibcorp Polyweave Private Limited.
Objects of the issue:
- Setting up a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk Containers (FIBC).
- Repayment/ Prepayment of certain secured and unsecured borrowings.
- Funding the working capital requirements.
- General corporate purposes.
Financial Snapshot (₹ crores)
|Period Ended||Total Revenue||Total Borrowing||PAT||Total Assets|
|June 30, 2022||27.59||33.15||1.25||75.35|
|March 31, 2022||81.23||30.54||4.38||68.67|
|March 31, 2021||55.34||13.79||1.27||40.58|
|March 31, 2020||49.91||10.37||0.3||35.93|
|Issue Period||30th December to 4th January 2022|
|Finalization of Allotment||9th January 2023|
|Initiation of Refunds||10th January 2023|
|Credit of Shares||11th January 2023|
|Date of Listing||12th January 2023|
|Mandate end date||19th January 2023|
|Anchor Investors Lock-In End Date||3rd February 2023|
How do I apply to the Sah Polymers Limited IPO?You can apply for the Sah Polymers Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
Where do I check the allotment status for Sah Polymers Limited IPO?You can check the allotment status for the Sah Polymers Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.