Sah Polymers Limited IPO Closed

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IPO date 30 Dec 2022 – 04 Jan 2023
Listing date 12 Jan 2023
Price range 61 – 65
Minimum order quantity 230
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Incorporated in 1992, Sah Polymers Limited is a customized bulk packaging solutions provider to business-to-business manufacturers catering to different industries such as Agro Pesticides, Basic Drugs, Cement, chemicals, fertilizers, Food Products, Textile, Ceramic, and Steel.

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:

  1. Setting up a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk Containers (FIBC).
  2. Repayment/ Prepayment of certain secured and unsecured borrowings.
  3. Funding the working capital requirements.
  4. 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

IPO Schedule

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
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

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.