Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Sep 8, 2022 - Tue, Sep 13, 2022
Sabar Flex IPO is a fixed price issue of ₹4.48 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹4.48 crore.
Sabar Flex IPO bidding started from Sep 8, 2022 and ended on Sep 13, 2022. The allotment for Sabar Flex IPO was finalized on Sep 16, 2022. The shares got listed on NSE SME on Sep 21, 2022.
Sabar Flex IPO price is ₹11 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (20,000 shares), amounting to ₹2,20,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Econo Broking Pvt.Ltd..
Refer to Sabar Flex IPO RHP for detailed Information.
IPO Open
Thu, Sep 8, 2022
IPO Close
Tue, Sep 13, 2022
Issue Price
₹11 per share
Market Cap (Pre-IPO)
₹16.58 Cr
| IPO Date | 8 to 13 Sep, 2022 |
| Listed on | Wed, Sep 21, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹11 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 40,70,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 2,10,000 shares Econo Broking Pvt.Ltd. (agg. up to ₹0.2310 Cr) |
| Fresh Issue (Ex Market Maker) | 38,60,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 38,60,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 1,09,99,524 shares |
| Share Holding Post Issue | 1,50,69,524 shares |
| NSE Symbol | SABAR |
| ISIN | INE0DZ101013 |
Sabar Flex IPO comprises a total issue size of 40,70,000 shares. The net offer to the public is 38,60,000 shares, after excluding 2,10,000 shares allotted on a firm basis. Of the Net offer 19,30,000 (50.00%) allocated to NII 19,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,30,000 | 50.00% | 47.42% |
| Retail Shares Offered | 19,30,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,10,000 | 5.16% | |
| Total Shares Offered | 40,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,10,000 |
| Retail (Max) | 1 | 10,000 | ₹1,10,000 |
| HNI (Min) | 2 | 20,000 | ₹2,20,000 |
Sabar Flex India Limited is a manufacturer and supplier of all kinds of Flexible packaging materials commonly used for packing Food, Dairy, cosmetics, pharmaceuticals, Chemical & agriculture products etc. The company was incorporated in 2007 as a Partnership Firm.
The company's operations include manufacturing, processing, designing, buying, selling, exporting, and importing packing cases, cartons, drums, crates, cans, and containers, as well as wooden boxes, plastic containers, polythene containers, bottles, hollow wares, cases, drums, cages, tins, bins, jars, tubes, crates, packing cases, cans, bottles, vials, etc.
Sabar Flex India Limited has three manufacturing plants located in Gujarat.
Competitive Strengths :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 51.87 | 51.62 | 40.91 |
| Total Income | 72.37 | 73.98 | 63.64 |
| Profit After Tax | 1.74 | 1.40 | 0.90 |
| NET Worth | 15.73 | 13.98 | 12.58 |
| Reserves and Surplus | 4.73 | 2.98 | 1.58 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 3.10 |
| 2 | General Corporate Purposes | 0.90 |
| KPI | |
|---|---|
| RoNW | 14.78 |
| PAT Margin | 2.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.58 | |
| P/E (x) | 9.48 | |
| Promoter Holding | 53.25% | 39.00% |
| Market Cap | ₹16.58 Cr. |
The Sabar Flex India IPO is subscribed 85.47 times on September 13, 2022 7:00:00 PM (Day 4). The public issue subscribed 54.47 times in the retail category, [.] times in the QIB category, and 116.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 116.46 | 19,30,000 | 22,47,70,000 |
| Retail | 54.47 | 19,30,000 | 10,51,30,000 |
| Total | 85.47 | 38,60,000 | 32,99,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.40 |
| 2 | Advertising and Marketing Expenses | 0.02 |
| 3 | Fees payable to the to the Regulators including stock exchange(s) | 0.05 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 5 | Brokerage and selling commission | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹11.00 |
| Open | ₹21.00 |
| Low | ₹20.10 |
| High | ₹22.05 |
| Last Trade | ₹22.05 |
Lead Manager Reports
Sabar Flex IPO is a SME IPO of 40,70,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹11 per share. The minimum order quantity is 10000.
The IPO opens on Thu, Sep 8, 2022, and closes on Tue, Sep 13, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sabar Flex IPO using UPI as a payment gateway. Zerodha customers can apply in Sabar Flex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sabar Flex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sabar Flex IPO opens on Thu, Sep 8, 2022 and closes on Tue, Sep 13, 2022.
Sabar Flex IPO lot size is 10000, and the minimum amount required for application is ₹1,10,000.
You can apply in Sabar Flex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sabar Flex IPO will be done on Friday, September 16, 2022, and the allotted shares will be credited to your demat account by Tue, Sep 20, 2022. Check the Sabar Flex IPO allotment status.
The Sabar Flex IPO listing date is on Wed, Sep 21, 2022.
