Sah Polymers Limited is an Indian company that produces and sells Polypropylene and High-Density Polyethylene FIBC bags, woven sacks, and woven polymer for the B2B market. They provide customized packaging solutions for various industries such as agriculture, basic drug manufacturing, cement, chemicals, fertilizers, food, textiles, ceramics, and steel.
The company operates in both the domestic market, with a presence in six states and one union territory, and internationally, with a presence in six regions including Africa, the Middle East, Europe, the USA, Australia, and the Caribbean.
As of March 31, 2022, Sah Polymers Limited had 97 employees and a single manufacturing facility with an annual production capacity of 3960 metric tons in Udaipur, Rajasthan.
IPO DETAILS:
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | Jan 09, 2022 |
| Face Value | ₹10 per share |
| Price | ₹61 to ₹65 per share |
| Lot Size | 230 Shares |
| Issue Size | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Fresh Issue | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| Company Promoters | Sat Industries Limited is the company promoter. |
Important Dates
The initial public offering (IPO) for Sah Polymers will be open from December 30, 2022, until January 4, 2023. The bidding period for the IPO will take place from 10:00 AM on December 30, 2022, until 5:00 PM on January 4, 2023. The deadline for confirming UPI mandates is 5:00 PM on the final day of the issue closing
| IPO Open Date | Dec 30, 2022 |
|---|---|
| IPO Close Date | Jan 04, 2023 |
| Allotment Date | Jan 09, 2023 |
| Initiation Of Refunds | Jan 10, 2023 |
| Credit Of Shares To Demat Account |
Jan 11, 2023 |
| IPO Listing Date | Jan 12, 2023 |
| UPI Mandate Expiry Date | Jan 04, 2023 |
Should you invest in Sah Polymers IPO
Positives
- The product mix has evolved over the past several years as it has entered into new product categories
- It has a customer base across industries and geographies both domestic and overseas
- Strong Management Team
Negatives
- Disruption in continuous operations at the manufacturing facilities
- Heavily dependent on the performance of the wires and cables market
- Increased product liabilities due to failure to meet various quality standards and good manufacturing practices
- Inability to maintain the stability of our distribution network and attract additional distributors and dealer
Financial Statement of Sah Polymer:
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue From Operation | 5,506.99 | 4,910.07 | 4,518.44 |
| EBITDA | 329.71 | 261.31 | 250.37 |
| EBITDA Margin (%) | 5.96 | 5.24 | 5.49 |
| Profit After Tax | 127.23 | 29.68 | 37.13 |
| EPS | NA | NA | NA |
| ROE | 6.33 | 1.54 | 1.96 |
Lot Size and Investment Required for Sah Polymers:
The minimum number of shares required for participation in the Sah Polymers IPO is 230. Individual retail investors can apply for a maximum of 13 lots, which is equivalent to 2990 shares or INR 194,350.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2990 | ₹194,350 |
| S-HNI (Min) | 14 | 3,220 | ₹209,300 |
| B-HNI (Min) | 67 | 15,410 | ₹1,001,650 |
Sah Polymers IPO FAQs:
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What is Sah Polymers Ltd. IPO?
Sah Polymers Limited will be debuting in the primary market with an IPO consisting of 10,200,000 equity shares at a face value of INR 10, totaling INR 66.30 crore.
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What is the allotment and subscription date for Sah Polymers Ltd. IPO?
The IPO allotment date is set for January 9, 2023, and the IPO subscription period will be open from December 30, 2022, to January 4, 2023.
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What will be Sah Polymers Ltd. IPO lot size?
The lot size for the IPO is fixed at 230 equity shares per lot, and the minimum investment size for retail investors is one lot.
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What is the minimum investment size for retail investors?
The lot size for the IPO is fixed at 230 equity shares per lot, and the minimum investment size for retail investors is one lot.
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My bank balance is not debited after finishing the application, why?
The bank may initially block the amount bid for an IPO, and the funds will be debited when the shares are allotted or unblocked after the UPI mandate expiration date.
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When Sah Polymers Ltd. IPO will be listed on the stock exchange?
The IPO shares will be listed on the stock exchange on January 9, 2023.
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What is the best way to pay for Sah Polymers IPO?
The best way to pay for the application process is to login to your UPI handle and approve the payment mandate.
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From where I can download Sah Polymers Prospectus PDF?
You can download DRHP and RHP from below links:
– Sah Polymers IPO DRHP (SEBI)
– Sah Polymers IPO RHP -
What is Sah Polymers Ltd.’s contact information?
Sah Polymers Limited
E-260-261
Mewar Industrial Area
Madri Udaipur Rajasthan 313003
Phone: +91 294 2493889
Email: [email protected]
Website: https://sahpolymers.com/
