Sabar Flex India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 14, 2022Let’s have a detailed review of the company and analytics of the Sabar Flex India IPO release date, IPO offer price, subscription, Sabar Flex India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 11 |
| Listing At | NSE SME |
| Min. Order Quantity | 10000 shares |
| Listing Date | Sep 21, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 447.70 Lakh |
| IPO Size | Rs. 447.70 Lakh |
| Tick Size | 1 |
Sabar Flex India IPO is listed at a Rs. 1 premium. Check out the live share price by clicking on the below link.
Sabar Flex India IPO – Summary
The Company was originally formed as a Partnership Firm under the Partnership Act, 1932 (“Partnership Firm”) having Firm Registration Number MHN/6001 in the name and style of “Sabar Flex Industries” pursuant to Deed of Partnership dated March 06, 2007.
Sabar Flex Industries was thereafter converted from Partnership Firm to a Public Limited Company under Part I Chapter XXI of the Companies Act, 2013 with the name and style of “Sabar Flex India Limited” and received a Certificate of Incorporation from the Registrar of Companies, dated June 07, 2018.
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The Promoter of this company is MR. HIKMATBAHADUR KRISHNABAHADUR KUNWAR. The lead manager to the issue is GYR CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .
Sabar Flex India IPO Date
The opening of Sabar Flex India IPO will be on Sep 8, 2022 and the closing date Sep 13, 2022.
Sabar Flex India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 8th Sept | 1.11x | 0.90x | 1.01x |
| 2nd Day – 9th Sept | 2.97x | 2.53x | 2.75x |
| 3rd Day – 12th Sept | 3.70x | 7.93x | 5.81x |
| 4th Day – 13th Sept | 116.46x | 54.47x | 85.47x |
| Shares Offered or Net Issue | 1,930,000 | 1,930,000 | 3,860,000 |
The shares subscribed by the public will be updated here.
Sabar Flex India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Sabar Flex India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 16, 2022 |
| Refunds Initiation | Sep 19, 2022 |
| Credit of Shares to Demat Account | Sep 20, 2022 |
| Share Listing Date | Sep 21, 2022 |
Sabar Flex India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.11.
Sabar Flex India IPO Equity Size
This Initial Public Issue of 40,70,000 Equity Shares of Rs.10 each for cash at a price of Rs.11 per equity share aggregating to Rs.447.70 Lakh.
Sabar Flex India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,070,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 4,070,000 Equity Shares of Rs.10 each, aggregating to Rs. 447.70 Lakh.
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Sabar Flex India IPO – Live Performance
The listing date of this IPO is . You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Sabar Flex India Share Price |
Sabar Flex IPO Grey Market Premium
The Sabar Flex India Limited IPO Grey Market Premium price is Rs.11 , the Kostak rate is Rs X and the Subject to Sauda is X.
Sabar Flex India IPO – Company Overview
The Company is in the business of packaging products made from plastics which caters to the packaging requirements of various industries. Most of their Company’s existing products are industrial in nature. Overall, the Company supplies total 3 different products, that is, Multilayer films, Printed laminates, and flexible packaging products.
Printed laminates and flexible packaging products are part of Multilayer film only which are later on cut as per requirement of customer.
Since, flexible packaging material predominantly consists of plastic as a major raw material, they aim to manufacture the products sustainably by aiming towards “Reuse, Recycle and Upcycle”. Their product portfolio largely consists of multi-color pouches, stand-up pouches, zip-lock pouches, vacuum pouch, paper bag, e-commerce bag, etc.
They manufacture packaging material suitable for packaging products manufactured in food and beverage industry, e-commerce industry, pharmaceutical industry, hygiene and personal care industry, household industry and agricultural industry.
Sabar Flex India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 5187.24 | 5162.08 | 4090.92 |
| *Total Revenue | 7237.01 | 7397.88 | 6364.32 |
| Total Expense | 7,070.38 | 7,208.83 | 6,242.80 |
| Profit After Tax | 174.28 | 139.84 | 89.8 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.58 | 1.27 | 0.82 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 174.28 Lakh, Rs. 139.84 Lakh, and Rs. 89.8 Lakh, respectively.
Sabar Flex India IPO – Promoters
The Promoter of this company is:
- MR. HIKMATBAHADUR KRISHNABAHADUR KUNWAR
List of Related Parties (Key Managerial Personnel)
- Hikmatbahadur Krishnabahadur Kunwar, Chairman and Managing Director
- Manoj Kumar Agarwal, Executive Director
- Sonalbahen Pratik Bhatt, Additional Non-Executive Director
- Bhavna Shah, Additional Independent Director
- Shubham Jain, Additional Independent Director
- Tinkle Rawal, Chief Financial Officer
- Kushang Surendrakumar Thakkar, Company Secretary and Compliance Officer
Sabar Flex India IPO – Promoters Holding
- Pre Issue Share Holding – 53.25%
- Pos Issue Share Holding – 39.00%
Sabar Flex IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 40,70,000 Equity Shares aggregating up to Rs. 447.70 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,10,000 Equity Shares aggregating up to Rs.23.10 Lakh |
| Net Issue to the Public | Up to 38,60,000 Equity Shares aggregating up to Rs. 424.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 1,09,99,524 Equity Shares |
| Equity Shares outstanding after the Issue | 1,50,69,524 Equity Shares |
Sabar Flex IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.Funding the working capital requirements of the company
2.General Corporate Purposes
Sabar Flex India IPO – Business Strategy
- To reap the benefit by enhancing manufacturing capacities
- Cost effectiveness
- Maintain focus to strengthen customer relationship
- Enhance product quality
- Continue to train Employees and Seek Entrepreneurship from Employees
Sabar Flex IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Expertise
- Quality Customer Base
- Quality and focus on customer satisfaction
- Satisfactory track record
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 1.58 | 14.78 | 14.30 |
| 31-Mar-21 | 1.27 | 10.00 | 12.71 |
| 31-Mar-20 | 0.82 | 7.14 | 11.44 |
Sabar Flex India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Sabar Flex India Limited | 10 | 6.96 | 1.58 | 10.00 | 7237.01 |
| Listed Peers | |||||
| Rajshree Polypack Ltd | 10 | 25.90 | 8.50 | 8.25 | 19,965.36 |
| TCPL Packaging Ltd | 10 | 24.71 | 54.13 | 14.31 | 1,07,840.36 |
Sabar Flex India IPO Lead Managers
| Lead Managers |
| GYR CAPITAL ADVISORS PRIVATE LIMITED (Formerly known as Alpha Numero Services Private Limited) 428, Gala Empire, Near T.B. Tower Drive In Road, Thaltej, Ahmedabad – 380054, Gujarat, India CIN: U67200GJ2017PTC096908 Tel No.: +91 87775 64648 Fax No.: N.A. Email:info@gyrcapitaladvisors.com Website:www.gyrcapitaladvisors.com Investor Grievance Email:info@gyrcapitaladvisors.com Contact Person: Mr. Mohit Baid SEBI Registration No.: INM000012810 |
Sabar Flex India IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Sabar Flex India IPO – Other Details
- Statutory Auditor – M/s. Patel Jain & Associates, Chartered Accountants.
- Legal Counsel to the Company – T&S LAW
- Bankers to the Company – Axis Bank Limited
Sabar Flex India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Sabar Flex India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Sabar Flex India IPO Review FAQs
Check out various FAQs related to Sabar Flex IPO:
What is the Issue Size of Sabar Flex IPO?
The Company is making an initial public offer of 4,070,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Sabar Flex IPO?
The price band for this particular IPO ranges between Rs. 11. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Sabar Flex India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 8, 2022, while the closing date is set at Sep 13, 2022.
What is the Sabar Flex IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 16, 2022, refund initiation is on Sep 19, 2022, credit of shares is on Sep 20, 2022, and share listing date is on Sep 21, 2022.
What is the Sabar Flex India IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 21, 2022. The date, when the listing would be done, is stagnant on Sep 21, 2022.
Who is the Registrar of Sabar Flex IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Sabar Flex India IPO?
Here are the promoters of this IPO – Mr. Hikmatbahadur Krishnabahadur Kunwar. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Sabar Flex India IPO?
We have obtained the GMP of this IPO and it is Rs.11. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Sabar Flex India IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Sabar Flex India Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 174.28 Lakh, Rs. 139.84 Lakh, and Rs. 89.8 Lakh, respectively.
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