Sati Poly Plast Limited IPO
- IPO Date12 Jul, 2024 to 16 Jul, 2024
- Listing Date22 Jul, 2024
- Face Value₹10 per share
- Issue Price₹123 to ₹130 per share
- Lot Size1000 Shares
- Minimum Investment₹1,30,000
- Listing AtNSE SME
- Total Issue Size13,35,000 Shares
(aggregating up to ₹17.36 Cr) - Fresh Issue13,35,000 Shares
(aggregating up to ₹17.36 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue36,12,000
- Shareholding post issue49,47,000
IPO Dates
Closing Date
16 Jul, 2024
Initiation of Refunds
19 Jul, 2024
Listing Date
22 Jul, 2024
12 Jul, 2024
Opening Date
18 Jul, 2024
Basis of Allotment
19 Jul, 2024
Credit of Shares
Sati Poly Plast Limited Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 2000 | ₹2,60,000 |
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| B-HNI (Min) | - | - | - |
Sati Poly Plast Limited Promoter Holding
The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.3% | 63% |
Sati Poly Plast Limited COMPANY INFORMATION
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. The allotment for the Sati Poly Plast IPO is expected to be finalized on Thursday, July 18, 2024. Sati Poly Plast IPO will list on NSE SME with tentative listing date fixed as Monday, July 22, 2024. Sati Poly Plast IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000. 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. Refer to Sati Poly Plast IPO RHP for detailed information.
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 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.
The company's clients include Pidilite, Adani Wilmar and JVL.
As of March 31, 2024, the company has a total of 135 on roll Employees.
Comprehensive Analysis of Sati Polyplast Limited IPO
Introduction to Sati Polyplast Limited IPO
Sati Polyplast Limited is launching its IPO to raise capital for expanding its manufacturing capabilities and improving its working capital. Specializing in flexible packaging and printing, the company aims to leverage the growing market demand and enhance its market position.
Pros of Investing in Sati Polyplast Limited IPO
Established Manufacturing Facility
Sati Polyplast boasts a state-of-the-art manufacturing facility equipped with advanced machinery for end-to-end production. This setup ensures high-quality control and cost advantages over competitors relying on outsourced work??.
Cost Leadership
The company prioritizes cost-efficient production and timely order execution, providing a significant competitive edge in the market??.
Quality Certifications
Holding certifications like ISO 9001:2015, ISO 22000:2018, and ISO 45001:2018, Sati Polyplast demonstrates a strong commitment to maintaining high quality and safety standards??.
Increasing Demand
With the rising demand for flexible packaging, Sati Polyplast is well-positioned to capitalize on market growth and expand its customer base??.
Policy Support
Supportive government policies, such as the Production Linked Incentive (PLI) scheme, bolster the company's growth prospects and attract large investments??.
Cons of Investing in Sati Polyplast Limited IPO
Geographical Concentration
A substantial portion of Sati Polyplast's revenue is derived from Uttar Pradesh, exposing the company to regional economic and political risks that could impact its operations and financial condition??.
Credit Risk
The company's financial stability could be affected by the creditworthiness of its customers. Effective credit risk management is essential to mitigate potential adverse effects??.
Market Risk
Sati Polyplast is exposed to market risks, including fluctuations in foreign exchange rates, interest rates, and equity prices, which could affect its financial performance??.
Inflation Impact
Inflation can drive up operating costs, impacting profit margins if not managed properly. The company must continuously adjust its margins to absorb inflationary pressures??.
Liquidity Risk
Ensuring sufficient liquidity to meet financial obligations is crucial. Any failure in financial planning could harm the company's reputation and operational efficiency??.
Conclusion
Investing in Sati Polyplast Limited's IPO offers several benefits, including a robust manufacturing setup, cost leadership, and supportive government policies. However, potential investors should consider the risks, such as geographical concentration, market fluctuations, and inflation impact, before making a decision.
FAQs About Sati Poly Plast Limited Ipo
Sati Poly Plast Limited IPO will open on 12 Jul, 2024 and close on 16 Jul, 2024. Investors must apply within this period to participate.
The Sati Poly Plast Limited IPO price band is set between ₹123.00 and ₹130.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹130000.00.
The Sati Poly Plast Limited IPO shares are expected to be listed on 22 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Sati Poly Plast Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sati Poly Plast Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.