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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 ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,23,000 (1000 shares). The minimum lot size investment for 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 Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹123 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,35,000 shares (aggregating up to ₹17.36 Cr) |
| Reserved for Market Maker | 70,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.9100 Cr) |
| Net Offered to Public | 12,65,000 shares (aggregating up to ₹16.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 36,12,000 shares |
| Share Holding Post Issue | 49,47,000 shares |
Sati Poly Plast IPO offers total 13,35,000 shares. Out of which 6,32,000 (47.34%) allocated to QIB, 2,53,000 (18.95%) allocated to QIB, 1,90,000 (14.23%) allocated to NII, 4,43,000 (33.18%) allocated to RII and 3,79,000 (28.39%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (5.24%) |
| QIB Shares Offered | 6,32,000 (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 (14.23%) |
| Retail Shares Offered | 4,43,000 (33.18%) |
| Total Shares Offered | 13,35,000 (100.00%) |
Sati Poly Plast IPO raises ₹4.93 crore from anchor investors. Sati Poly Plast IPO Anchor bid date is July 11, 2024. Sati Poly Plast IPO Anchor Investors list
| Bid Date | July 11, 2024 |
| Shares Offered | 3,79,000 |
| Anchor Portion Size (In Cr.) | 4.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.
| IPO Open Date | Fri, Jul 12, 2024 |
| IPO Close Date | Tue, Jul 16, 2024 |
| Tentative Allotment | Thu, Jul 18, 2024 |
| Initiation of Refunds | Fri, Jul 19, 2024 |
| Credit of Shares to Demat | Fri, Jul 19, 2024 |
| Tentative Listing Date | Mon, Jul 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jul 16, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Sati Poly Plast Limited's revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,637.57 | 4,194.08 | 3,578.70 |
| Total Income | 17,940.98 | 19,096.69 | 17,522.39 |
| Profit After Tax | 328.64 | 308.89 | 28.23 |
| Net Worth | 1,230.28 | 397.64 | 88.75 |
| Reserves and Surplus | 869.08 | 291.24 | -17.65 |
| Total Borrowing | 2,520.14 | 2,630.50 | 2,358.89 |
| Amount in ₹ Lakhs | |||
The market capitalization of Sati Poly Plast IPO is ₹64.31 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 9.10 | 6.64 |
| P/E (x) | 14.29 | 19.57 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods with boosted profits for FY23 onwards. Based on FY24 super earnings, the issue appears aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation for migration to mainboard. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | July 22, 2024 |
| BSE Script Code | |
| NSE Symbol | SATIPOLY |
| ISIN | INE0RPM01017 |
| Final Issue Price | ₹130 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹247.00 |
| Low | ₹247.00 |
| High | ₹259.35 |
| Last Trade | ₹259.35 |
Sati Poly Plast Ltd.
D.N.
Singh Road
Bhagalpur, Bihar, 812002
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Website: https://www.satipolyplast.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: satipoly.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sati Poly Plast IPO is a SME IPO of 13,35,000 equity shares of the face value of ₹10 aggregating up to ₹17.36 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on July 12, 2024, and closes on July 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 July 12, 2024 and closes on July 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 Friday, July 19, 2024. Check the Sati Poly Plast IPO allotment status.
The Sati Poly Plast IPO listing date is on Monday, July 22, 2024.
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