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Satol Chemicals Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the BSE SME. Finshore Management Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Satol Chemicals IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 2,11,200 shares (aggregating up to ₹1.52 Cr) |
| Net Offered to Public | 42,00,000 shares (aggregating up to ₹30.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,11,55,762 shares |
| Share Holding Post Issue | 1,53,55,762 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jan 24, 2025 |
| SEBI/Exchange approval received | Mon, May 12, 2025 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Satol Chemicals Limited is engaged in the business of manufacturing specialty cleaning and hygiene solutions in India.
The company serves various industrial sectors, including breweries, beverages, dairy, food processing, poultry, fisheries, water treatment, and machinery.
In recent years, Satol has expanded its services to institutional cleaning, catering to commercial laundry, facility management, hospitality, healthcare, retail, education, government, and food services.
The company's manufacturing plant is located in Valsad, Gujarat, and holds GMP and FDA certifications, ensuring adherence to high-quality and safety standards.
Product Portfolio:
As of December 31, 2024, the Company has employed a total of 126 employees.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 33.75 | 28.77 | 24.15 | 17.4 |
| Total Income | 29.62 | 47.42 | 42.28 | 17.1 |
| Profit After Tax | 3.11 | 5.52 | 1.95 | 0.66 |
| Net Worth | 17.93 | 7.97 | 2.45 | 0.5 |
| Reserves and Surplus | 17.91 | 7.96 | 2.44 | 0.49 |
| Total Borrowing | 3.26 | 10.31 | 10.63 | 11.14 |
| Amount in ₹ Crore | ||||
The market capitalization of Satol Chemicals IPO is ₹110.56 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 106% |
| ROCE | 47.07% |
| Debt/Equity | 1.29 |
| RoNW | 69.28% |
| PAT Margin | 11.64% |
| Price to Book Value | 4.48 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.95 | 4.05 |
| P/E (x) | 14.55 | 17.77 |
The Company Satol Chemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Million) |
|---|---|---|
| 1 | Part Funding Capital Expenditure towards setting up new manufacturing facility | 265 |
| 2 | General Corporate Expenses | 6.61 |
Satol Chemicals Ltd.
102, 1st Floor, Shreemad Gokul Apartments,
CHS Ltd Near MCF Club,
Off S V Road, Borivali (West)
Mumbai, Maharashtra, 400092
Phone: +91 7045991153
Email: cs@satol.net
Website: https://www.satol.net/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: satol.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Satol Chemicals IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The Satol Chemicals IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Satol Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Satol Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Satol Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Satol Chemicals IPO dates are not announced. Please check back again after some time.
Satol Chemicals IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Satol Chemicals 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 Satol Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Satol Chemicals IPO allotment status.
The Satol Chemicals IPO listing date is not yet announced. The tentative date of Satol Chemicals IPO listing is [.].
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