Bookbuilding IPO | ₹17 Cr | Listed at NSE SME | Fri, Jul 12, 2024 - Tue, Jul 16, 2024
Sati Poly Plast IPO is a book build issue of ₹17.36 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹17.36 crore.
Sati Poly Plast IPO bidding started from Jul 12, 2024 and ended on Jul 16, 2024. The allotment for Sati Poly Plast IPO was finalized on Jul 18, 2024. The shares got listed on NSE SME on Jul 22, 2024.
Sati Poly Plast IPO price band is set at ₹130 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,30,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Sati Poly Plast IPO RHP for detailed Information.
IPO Open
Fri, Jul 12, 2024
IPO Close
Tue, Jul 16, 2024
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹64.31 Cr
| IPO Date | 12 to 16 Jul, 2024 |
| Listed on | Mon, Jul 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,35,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 70,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.9100 Cr) |
| Fresh Issue (Ex Market Maker) | 12,65,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 12,65,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 36,12,000 shares |
| Share Holding Post Issue | 49,47,000 shares |
| NSE Symbol | SATIPOLY |
| ISIN | INE0RPM01017 |
Sati Poly Plast IPO comprises a total issue size of 13,35,000 shares. The net offer to the public is 12,65,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 6,32,000 (49.96%) are allocated to QIB, 1,90,000 (15.02%) allocated to NII 4,43,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 6,32,000 | 49.96% | 47.34% |
| − Anchor Investor Shares Offered | 3,79,000 | 28.39% | |
| − QIB (Ex. Anchor) Shares Offered | 2,53,000 | 18.95% | |
| NII (HNI) Shares Offered | 1,90,000 | 15.02% | 14.23% |
| Retail Shares Offered | 4,43,000 | 35.02% | 33.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.24% | |
| Total Shares Offered | 13,35,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Sati Poly Plast IPO raises ₹4.93 crore from anchor investors. Sati Poly Plast IPO Anchor bid date is July 11, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 11, 2024 |
| Shares Offered | 3,79,000 |
| Anchor Portion (₹ Cr.) | 4.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Aug 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Oct 16, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 56.38 | 41.94 | 35.79 |
| Total Income | 179.41 | 190.97 | 175.22 |
| Profit After Tax | 3.29 | 3.09 | 0.28 |
| NET Worth | 12.30 | 3.98 | 0.89 |
| Reserves and Surplus | 8.69 | 2.91 | -0.18 |
| Total Borrowing | 25.20 | 26.31 | 23.59 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 11.00 |
| 2 | General Corporate Purposes | 3.56 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.38% |
| ROCE | 20.45% |
| Debt/Equity | 1.82 |
| RoNW | 26.71% |
| PAT Margin | 1.83% |
| Price to Book Value | 3.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.10 | 6.64 |
| P/E (x) | 14.29 | 19.57 |
| Promoter Holding | 86.29% | 63% |
| Market Cap | ₹64.31 Cr. |
The Sati Poly Plast IPO is subscribed 499.13 times on July 16, 2024 6:20:00 PM (Day 3). The public issue subscribed 670.62 times in the retail category, 146 times in the QIB category, and 569.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 146 | 2,53,000 | 3,69,39,000 |
| NII* | 569.52 | 1,90,000 | 10,82,08,000 |
| Retail | 670.62 | 4,43,000 | 29,70,83,000 |
| Total | 499.13 | 8,86,000 | 44,22,30,000 |
Total Application : 2,97,083
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.05 |
| 3 | Fees Payable to Legal Advisors | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.20 |
| 5 | Fees payable to Peer Review Auditor | 0.03 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.15 |
| 7 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.96 |
| 8 | Escrow Bank Fees | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹247.00 |
| Low | ₹247.00 |
| High | ₹259.35 |
| Last Trade | ₹259.35 |
Lead Manager Reports
Sati Poly Plast IPO is a SME IPO of 13,35,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Jul 12, 2024, and closes on Tue, Jul 16, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sati Poly Plast IPO using UPI as a payment gateway. Zerodha customers can apply in Sati Poly Plast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sati Poly Plast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sati Poly Plast IPO opens on Fri, Jul 12, 2024 and closes on Tue, Jul 16, 2024.
Sati Poly Plast IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Sati Poly Plast 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 Sati Poly Plast IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Fri, Jul 19, 2024. Check the Sati Poly Plast IPO allotment status.
The Sati Poly Plast IPO listing date is on Mon, Jul 22, 2024.
