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Sati Poly Plast Limited, established in July 1999 makes versatile flexible packaging materials for various industries.
Between 2018 and 2019, the company doubled its production capacity from 250 to 500 tonnes per month.
Sati Poly Plast provides packaging materials to numerous states across India, including Assam, Bihar, Gujarat, Maharashtra, and Rajasthan among others.
Notable clients of the company include Pidilite, Adani Wilmar, and JVL.
Sati Poly Plast IPO Overview
Sati Poly Plast is set to launch IPO to raise ₹17.36 crores. This will be an entirely new issue. Subscription for the IPO will open on 12 July 2024 and close on 16 July. Allotment of shares is expected to be finalized on 18 July 2024 and the shares are set to be listed on NSE SME on July 22, 2024. Price range for the IPO is set between ₹123 and ₹130 per share. Currently, the company’s promoter holds 86.30% stake which will be reduced post issue to 63%. The registrar for the Sati Poly IPO is Link Intime India.
Sati Poly Plast IPO GMP
Sati Poly Plast IPO’s latest GMP is ₹50 as of 10 July 2024. Given the upper price band of ₹130, the estimated listing price is ₹180 (cap price + today’s GMP). This suggests an expected gain of 38.46% per share.
Stay tuned with Trade Target for daily updates on Sati Poly Plast GMP and the expected listing price.
- Date: 15 – July – 2024
- Sati Poly Plast IPO GMP:₹105 (80.77%)
- Date: 14 – July – 2024
- Sati Poly Plast IPO GMP:₹105 (80.77%)
- Date: 13 – July – 2024
- Sati Poly Plast IPO GMP: ₹105 (80.77%)
- Date: 12 – July – 2024
- Sati Poly Plast IPO GMP: ₹90 (69.23%)
- Date: 11 – July – 2024
- Sati Poly Plast IPO GMP: ₹70 (53.85%)
- Date: 10 – July – 2024
- Sati Poly Plast IPO GMP: ₹50 (38.46%)
How can one apply for Sati Poly Plast IPO?
Sati Poly Plast’s IPO requires investors to bid for a minimum of 1000 shares. Here’s a summary of the minimum and maximum shares that retail investors and HNIs can purchase along with the investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
1000 |
₹130,000
|
|
Retail (Max) |
1 |
1000 |
₹130,000
|
|
S-HNI (Min) |
2 |
2000 |
₹260,000
|
Sati Poly Plast IPO Financial
Sati Poly Plast IPO has shown positive financial growth over the past 3years. Check the summary of Sati Poly Plast IPO’s financial performance for the periods ending on March 31 of each year.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
5,637.57
|
4,194.08
|
3,578.70
|
|
Revenue (₹ Lakhs) |
17,940.98
|
19,096.69
|
17,522.39
|
|
PAT (₹ Lakhs)
|
328.64
|
308.89
|
28.23
|
|
Total Borrowing (₹ Lakhs)
|
2,520.14
|
2,630.50
|
2,358.89
|
Sati Poly Plast Vs Peers
Sati Poly has decent EPS and P/E among its peers. Higher EPS and P/E always considered good.
| Company | EPS Basic | P/E(x) |
|---|---|---|
|
Sati Poly Plast Limited
|
9.7
|
14.29
|
|
Sabar Flex India Limited
|
2.64
|
7.5 |
|
Uma Converter Limited
|
2.07 |
11.81
|
Sati Poly Plast IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Sati Poly Plast IPO
- Subscription Period: 12 July to 16 July
- Basis of Allotment Finalization: 18 July 2024
- Initiation of Refunds: 19 July 2024
- Demat Credits: 19 July 2024
- Listing Date: 22 July 2024
- Listing on: NSE SME
