Sati Poly Plast Limited IPO of Rs 17.36 crores (Sati Poly Plast IPO) Detail

The issue is entirely a fresh issue of 13.35 lakh shares. Sati Poly Plast IPO is a book built issue of Rs 17.36 crores.

Sati Poly Plast IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. The allotment for the Sati Poly Plast IPO is expected to be finalized on Thursday, July 18, 2024. Sati Poly Plast IPO will list on NSE SME with tentative listing date fixed as Monday, July 22, 2024.

Sati Poly Plast IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Sati Poly Plast IPO, while Link Intime India Private Ltd is the registrar for the issue.

 

Refer to Sati Poly Plast IPO DRHP for detailed information.

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About Sati Poly Plast Limited

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 IPO Details

IPO DateJuly 12, 2024 to July 16, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹123 to ₹130 per share
Lot Size1000 Shares
Total Issue Size1,335,000 shares(aggregating up to ₹17.36 Cr)
Fresh Issue 1,335,000 shares(aggregating up to ₹17.36 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue3,612,000
Share holding post issue4,947,000

Sati Poly Plast IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Sati Poly Plast IPO Timeline (Tentative Schedule)

Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.

IPO Open DateFriday, July 12, 2024
IPO Close DateTuesday, July 16, 2024
Basis of AllotmentThursday, July 18, 2024
Initiation of RefundsFriday, July 19, 2024
Credit of Shares to DematFriday, July 19, 2024
Listing DateMonday, July 22, 2024
Cut-off time for UPI mandate confirmation5 PM on July 16, 2024

Sati Poly Plast IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)11000₹130,000
Retail (Max)11000₹130,000
HNI (Min)22,000₹260,000

Sati Poly Plast IPO Promoter Holding

The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.

Share Holding Pre Issue86.30%
Share Holding Post Issue

Sati Poly Plast Limited Financial Information (Restated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets5,637.574,194.083,578.70
Revenue17,940.9819,096.6917,522.39
Profit After Tax328.64308.8928.23
Net Worth1,230.28397.6488.75
Reserves and Surplus869.08291.24-17.65
Total Borrowing2,520.142,630.502,358.89

Key Performance Indicator

The market capitalization of Sati Poly Plast IPO is Rs 64.31 Cr.

Pre IPOPost IPO
EPS (Rs)9.16.64
P/E (x)14.2919.57
Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Sati Poly Plast IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Working Capital Requirements .
  2. General Corporate Purposes

Sati Poly Plast Limited Contact Details

Sati Poly Plast Limited
D.N.
Singh Road
Bhagalpur 812 002
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Websitehttps://www.satipolyplast.in/

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