Bookbuilding IPO | ₹66 Cr | Listed at BSE, NSE
Sah Polymers IPO is a book build issue of ₹66.30 crores. The issue is entirely a fresh issue of 1.02 crore shares of ₹66.30 crore.
Sah Polymers IPO bidding started from Dec 30, 2022 and ended on Jan 4, 2023. The allotment for Sah Polymers IPO was finalized on Jan 9, 2023. The shares got listed on BSE, NSE on Jan 12, 2023.
Sah Polymers IPO price band is set at ₹65 per share. The lot size for an application is 230. The minimum amount of investment required by an retail is ₹14,950 (230 shares) (based on upper price). The lot size investment for sNII is 14 lots (3,220 shares), amounting to ₹2,09,300, and for bNII, it is 67 lots (15,410 shares), amounting to ₹10,01,650.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sah Polymers IPO RHP for detailed Information.
IPO Open
Fri, Dec 30, 2022
IPO Close
Wed, Jan 4, 2023
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹167.67 Cr
| IPO Date | 30 Dec, 2022 to 4 Jan, 2023 |
| Listed on | Thu, Jan 12, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 230 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,02,00,000 shares (agg. up to ₹66 Cr) |
| Share Holding Pre Issue | 1,55,96,000 shares |
| Share Holding Post Issue | 2,57,96,000 shares |
| BSE Script Code / NSE Symbol | 543743 / SAH |
| ISIN | INE035801013 |
Sah Polymers IPO offers total 1,02,00,000 shares. Out of which 76,50,000 (75.00%) allocated to QIB, 30,60,000 (30.00%) allocated to QIB (Ex- Anchor), 15,30,000 (15.00%) allocated to NII 10,20,000 (10.00%) allocated to RII and 45,90,000 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 76,50,000 (75.00%) | NA |
| − Anchor Investor Shares Offered | 45,90,000 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 30,60,000 (30.00%) | NA |
| NII (HNI) Shares Offered | 15,30,000 (15.00%) | NA |
| − bNII > ₹10L | 10,20,000 (10.00%) | 316 |
| − sNII < ₹10L | 5,10,000 (5.00%) | 158 |
| Retail Shares Offered | 10,20,000 (10.00%) | 4,434 |
| Total Shares Offered | 1,02,00,000 (100.00%) |
Investors can bid for a minimum of 230 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2,990 | ₹1,94,350 |
| S-HNI (Min) | 14 | 3,220 | ₹2,09,300 |
| S-HNI (Max) | 66 | 15,180 | ₹9,86,700 |
| B-HNI (Min) | 67 | 15,410 | ₹10,01,650 |
Sah Polymers IPO raises ₹29.84 crore from anchor investors. Sah Polymers IPO Anchor bid date is December 29, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Dec 29, 2022 |
| Shares Offered | 45,90,000 |
| Anchor Portion (₹ Cr.) | 29.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 9, 2023 |
Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.
Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.
As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
Competitive Strength:
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 75.35 | 68.67 | 40.58 | 35.93 |
| Total Income | 27.59 | 81.23 | 55.34 | 49.91 |
| Profit After Tax | 1.25 | 4.38 | 1.27 | 0.30 |
| NET Worth | 27.74 | 26.65 | 20.09 | 18.81 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 33.15 | 30.54 | 13.79 | 10.37 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC) | 8.17 |
| 2 | Repayment of certain secured and unsecured borrowings in full availed by the Company | 19.66 |
| 3 | Funding the working capital requirements of the Company | 14.96 |
| 4 | General corporate purposes | 12.50 |
| KPI | |
|---|---|
| ROE | 16.42 |
| ROCE | 0.14 |
| RoNW | 16.42 |
| PAT Margin | 5.43% |
| EBITDA Margin | 9.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.81 | |
| P/E (x) | 33.51 | |
| Promoter Holding | 100% | 60.46% |
| Market Cap | ₹167.67 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including and selling commission, brokerage and underwriting commission) | 4.00 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (1)(2)(3) (4) | 2.00 |
| 3 | Fees to the Registrar to the Issue | 0.01 |
| 4 | Fees payable to the legal counsel for drafting of Issue related documentation and assisting the BRLMs in conducting due diligence | 0.10 |
| 5 | Others | |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses. | 0.36 |
| 7 | Printing and stationery expenses | 0.39 |
| 8 | Advertising and marketing expenses | 2.30 |
| 9 | Miscellaneous and taxes | 1.84 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹65.00 | ₹65.00 |
| Open | ₹85.00 | ₹85.00 |
| Low | ₹85.00 | ₹85.00 |
| High | ₹89.25 | ₹89.25 |
| Last Trade | ₹89.25 | ₹89.25 |
Lead Manager Reports
Sah Polymers IPO is a main-board IPO of 1,02,00,000 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 230.
The IPO opens on Fri, Dec 30, 2022, and closes on Wed, Jan 4, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sah Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Sah Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sah Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sah Polymers IPO opens on Fri, Dec 30, 2022 and closes on Wed, Jan 4, 2023.
Sah Polymers IPO lot size is 230, and the minimum amount required for application is ₹14,950.
You can apply in Sah Polymers 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 Sah Polymers IPO will be done on Monday, January 9, 2023, and the allotted shares will be credited to your demat account by Wed, Jan 11, 2023. Check the Sah Polymers IPO allotment status.
The Sah Polymers IPO listing date is on Thu, Jan 12, 2023.
