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The Sah Polymers IPO is set to enter the public market on December 30, 2022. The subscription will be open until January 4, 2023. Through the public offering, the company is issuing 1.02 cr. equity shares.

The rest of the details on the IPO will be released in the upcoming days. The below write-up shares the currently available information and the Sah Polymers IPO Review.

Face ValueRs 10
Price BandRs 61 to Rs 65
Listing AtBSE, NSE
Min. Order Quantity230 Shares
Listing DateJan 12, 2023
Offer for SaleRs NA Crore
Fresh IssueRs 66.30 Crore
IPO SizeRs 66.30 Crore
Tick Size1

 


IPO Overview

Sah Polymers IPOSah Polymers Ltd. is primarily involved in the customized B2B bulk packaging business. They have clients from all over the sectors.

They are also involved in internationally exporting goods to 14 countries. As the company prepares to make its debut in the public market, it has set the face value to be Rs.10 per share.

The Sah Polymers IPO has the potential of earning profits as the company does not focus on just one product.

They offer customized and diversified services and products to their domestic and international clients. Thus, this revenue distribution makes the financials of the company stable with growth potential.

Sah Polymers IPO Important Dates

EventsDate
IPO Opening DateDec 30, 2022
IPO Closing DateJan 4, 2023
Basis of Allotment FinalizationJan 9, 2023
Refunds InitiationJan 10, 2023
Credit of Shares to Demat AccountJan 11, 2023
Share Listing DateJan 12, 2023

The IPO is listed in both the exchanges, BSE and NSE. The details on the Sah Polymers IPO Dates are shared here.

The subscription opens on December 30, 2022, and will be available till January 4, 2023.  Once the subscription period is closed, the allotment of the shares will be done on January 09, 2023.

And final listing will be publicized on January 12, 2023. If the shares get oversubscribed then the excess fund will be refunded on January 10, 2023.

Sah Polymers IPO Price, Size, Share Offerings

Face ValueRs.10
Price BandRs 61 to Rs 65
Offer for SaleRs NA Crore
Fresh IssueRs 66.30 Crore
IPO SizeRs 66.30 Crore

The company is issuing 1.02 Cr shares as the Sah Polymers IPO size. Currently, only the face value of the shares is known which is Rs.10 per share.

As and when the information on the Sah Polymers IPO Price is available, it will be updated here. Interested parties can bid for the shares from 10:00 AM on December 30, 2022, till 5:00 PM on January 4, 2023.

Sah Polymers IPO Grey Market Premium

DateGMP (Rs.)Kostak Rate (Rs.)Subject to Sauda (Rs.)
12 JanuaryRs.10NANA
11 JanuaryRs.10NANA
10 JanuaryRs.5NANA
9 JanuaryRs.5NANA
8 JanuaryRs.5NANA
7 JanuaryRs.5NANA
6 JanuaryRs.5NANA

Grey market allows the investors to trade in the shares before the actual bidding date. And, if any individual wants to participate in this trading, they will have to buy the stock at a premium price, and this premium is called the grey market premium.

If the Sah Polymers IPO GMP is high means that the stock has demand among the investors and is a positive indicator. As of now, there is no movement in the grey market, thus, no premium price is applied to the shares.

This makes the price band remain unchanged for both the grey market and the trading market. The information provided here will keep updating as the trends in the grey market change.

Sah Polymers IPO Subscription Status

Day / DateQIBNIIRIITotal Subscription
1st Day – 30th Dec0.38x1.00x2.07x0.86x
2nd Day – 2nd Jan0.39x2.94x7.46x2.37x
3rd Day – 3rd Jan1.05x6.49x16.53x5.35x
4th Day – 4th Jan2.40x32.69x39.78x17.46x
Shares Offered or Net Issue3,060,0001,530,0001,020,0005,610,000

Sah Polymers IPO Subscription status is now available. As when it gets updated, we will share the information here.

In the situation of oversubscribed shares, the company can either opt to refund the oversubscribed shares or allot the issue size based on a pro-rata basis.

The lead managers of the organization are:

  • Pantomath Capital Advisors Private Limited

Sah Polymers IPO Allotment Status

The company has allotted 75% of the shares to Qualified Institutional Buyers, 15% to high-net-worth individuals, and the remaining 10% to retail investors.

The anchor book, available only for the QIB segment of the investors, will be open on December 29, 2022, giving the institutional buyers the upper hand to bid one day before the general bidding date.

The Sah Polymers IPO Allotment status will be available on the official website of the registrar or by clicking the link here.

Sah Polymers IPO Live Performance

On December 30, 2022, when the IPO goes live, all the relevant information on the Sah Polymers IPO performance will be presented at this link.

The details will showcase how the stock is doing in the trading market, the updated Sah Polymers Share Price, and what the allotment status looks like.

The link will provide all the insights the investors need to know if they decide to invest after the IPO bidding begins.


Subscribe to Sah Polymers IPO – Open Free Demat Account Now!

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    Latest Sah Polymers IPO News

    India’s leading Polymer manufacturer Sah Polymers filed the IPO papers in the mid of the year 2022 with the Securities and Exchange Board of India.

    The company received its approval for raising funds in the public trading market sometime between October 31 and November 3.

    Post this, the company started its process of preparing for the IPO listing. Currently, according to the DRHP, the bidding dates are publicized and the fresh issue size is known. The equity-only has fresh issues and no offer for sale.

    However, as the bidding date nears, as an investor keep an eye out for relevant Sah Polymers IPO news providing information on the price band.


    Sah Polymers – Company Review

    Sah Polymers was incorporated in 1992, and as of march 2022, has a team of 97 committed staff members. The company specializes in providing a diversified product portfolio in the polymer industry.

    The headquarter in Udaipur, Rajasthan houses a manufacturing facility with an operational capacity of 3960 m.t.p.a.

    In the last 25 years of operation, the company has successfully built its network in both the national and international markets.

    Being a B2B customizable bag manufacturer, they have clients from multiple sectors like the basic drug industry, agro pesticide industry, fertilizer industry, chemical industry, cement industry, food product industry, textile industry, steel industry, and ceramic industry.

    As for exporting countries, they supply goods to Africa, Australia, Europe, the middle east, south-east Asia, the USA, Latin, and Central America, and Caribbean Island.

    As the company has created its presence in India and overseas, they are ready to begin its journey into the public trading market.

    Products or Services

    Sah Polymer offers bulk packaging services to many B2B manufacturing companies across multiple sectors. The company is an expert in producing and exporting:

    • Woven sacks,
    • Woven polymer,
    • Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags and
    • HDPE/PP woven fabrics

    Apart from this, they customize each of the products to fit the requirements of the clients.  And the quality of the product is flexible and durable.

    Promoters and Holding

    The promoter of the company is Sat Industries Limited (“SIL”). Currently, the company holds a 91.79% stake in the company and the remaining is held by Sat Investments.

    The key management of the company constitutes of the following members:

    • Shehnaz D. Ali (Whole Time Director)
    • Harikant Turgalia (Whole Time Director)
    • Ramesh Chandra Soni (Non-Executive – Independent Director)
    • Asad Daud (Non-Executive – Non-Independent Director)
    • Partha Sarathi Sarkar (Additional Non-Executive – Non-Independent Director)
    • Arpit Khandelwal (Additional Non-Executive – Non-Independent Director)

    Is Sah Polymers good for Investment?

    The Udaipur-based company has a sales presence in 6 states and 1 union territory in terms of local market coverage and 14 countries for export business.

    The revenue is approximately equally earned through both domestic and international markets. In FY21, the exports constitute 46.80% of the total trade and 37.40% in the nine months ending December 2021.

    The best reasons to invest in the Sah Polymers IPO are listed below:

    • The company has a vast customer base in both local and international markets.
    • The diversified product range mitigates demand-supply risks and stabilizes the net margins.
    • Currently, the firm is focusing on using the R&D used for the domestic market to penetrate the international market with FIBC products.
    • The firm is in the process of increasing its production capacity by adding a new manufacturing facility.

    Therefore, these reasons show that the company is on the path to a stable growth stage and will bring positive returns for the investors.


    Sah Polymers Financial Statements

    Amount (in INR & Million)
    30-Jun-2231-Mar-22Mar-2131-Mar-20
    Assets7,535.206,866.734,057.853,593.13
    Revenue2,758.998,123.455,534.424,990.96
    Expense2,586.957,574.205,372.214,939.51
    Profit After Tax125.13437.54127.2329.68

    The company earned a revenue of Rs 2419.86 lakhs, Rs 2491.88 lakhs, and Rs 2396.46 lakhs in FY21, FY20, and FY19, respectively.

    The company reached its break even in the financial year 2020 with net margins of 0.6%. In FY21 and FY22, the net margin calculates to be 2.3% and 5.4% respectively.

    These numbers indicate that despite the global pandemic and hindrances in the global trade routes, the company was successful in maintaining a positive profit margin.

    The EPS for FY22 is 2.81 and the RONW (%) is 16.42%. The debt-to-equity ratio increased over the past 3 financial years going from 0.55 in FY20 to 1.15 in FY22.

    Some part of the fund raised through the Sah Polymers IPO will be utilized to repay some of this debt.

    Earnings per Equity Share (in Millions)
    30-Jun-2231-Mar-22Mar-2131-Mar-20
    Basic & Diluted0.802.810.820.19

    Sah Polymers IPO Review

    The bidding for the Sah Polymers IPO begins on December 30, 2022, and will remain active till January 4 of the next year.

    Multiple segments of information relating to the IPO are yet to be declared by the company. Thus, once the bidding nears, the same will be updated here.

    The issue size is 1.02 Cr. and the funds raised from it will be used for the following purposes:

    • Start manufacturing a new product variant- Flexible Intermediate Bulk Containers (FIBC).
    • Establish a new manufacturing facility to increase trade in the international markets.
    • Clearing off secured and unsecured debt.
    • For working capital requirements and other general corporate purposes.

    The company holds its strength in the geographically spread customer base and the experienced management team.

    The Sah Polymers IPO Review indicates that getting associated with such a firm is a definite successful investment


    Sah Polymers IPO Details

    Here are a few more details you need to know before investing in Sah Polymers IPO –

    Sah Polymers IPO Issue Object

    Sah Polymers has proposed diverse objectives for making the IPO offer and some of the objectives are:

    1. Setting up a new manufacturing facility to manufacture a new variant of Flexible Intermediate Bulk
    Containers (FIBC) (hereinafter referred to as the “Project”);
    2. Repayment of certain secured and unsecured borrowings in full availed by our Company;
    3. Funding the working capital requirements of our Company; and
    4. General corporate purposes.

    Sah Polymers 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:

    (a) Diverse product portfolio with a focus on quality;
    (b) Experienced management and dedicated employee base;
    (c) Diversified customer base across geographies and industries.

    Quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-222.8116.42%
    31-Mar-210.826.33%
    Mar-200.191.58%

    Sah Polymers IPO Lead Managers

    Here is the list of Lead managers –

    • Pantomath Capital Advisors Private Limited

    Sah Polymers IPO Registrar to offer

    Check out the details of the registrar here –

    Link Intime India Private Limited
    C 101, 247 Park, L.B.S. Marg Vikhroli (West) ,
    Mumbai – 400083 , Maharashtra, India
    Tel: +91 22 4918 6200 ;
    Email: Sahpolymers.ipo@linkintime.co.in
    Investor Grievance Email: Sahpolymers.ipo@linkintime.co.in
    Website:www.linkintime.co.in
    Contact person: Shanti Gopalkrishnan
    SEBI Registration no: INR000004058

    Sah Polymers IPO – Other Details

    • Statutory Auditor – H. R. Jain & Co.
    • Legal Counsel to the Company – M/s. Juris Matrix Partners LLP
    • Bankers to the Company -UCO BANK

    Sah Polymers IPO Verdict by Stock Brokers

    There is not much information available on the verdict of the Sah Polymers IPO yet as not all information is available on it. However, investors who are looking to invest in SMEs can try bidding for the IPO.

    Many times, it is better to invest in such firms as their volatility is not too dependent on the trading market. So, such shares can be a good way to diversify the portfolio and adjust the risk.


    Sah Polymers IPO – Conclusion

    In its 25 years of operation, the company has built quite a customer base which allowed them to have a stable financial journey even during the tough times of FY20 and FY21.

    This proves the capabilities of the core management and their team of devoted employees. Such a performance is the first stepping stone to growing bigger in the trading market.

    So, if an analyst looks at the performance of the company to date they will be convinced to invest in the firm. Hope that the above information on Sah Polymers IPO Review was helpful for you to make your analysis and investment decision.


    To Subscribe to Sah Polymers IPO – Open Demat Account Now!

      Fill Your Details Here


      Sah Polymers IPO Review FAQs

      Check out the FAQs on Sah Polymers IPO –

      What is the Issue Size of Sah Polymers IPO?

      The Company is making an initial public offer of 10,200,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Sah Polymers IPO?

      The price band for this particular IPO ranges between Rs.61 to Rs.65. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Sah Polymers IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 30, 2022, while the closing date is set for Jan 4, 2023.

      What is the Sah Polymers IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Jan 9, 2023, refund initiation is on Jan 10, 2023, credit of shares is on Jan 11, 2023, and share listing date is on Jan 12, 2023.

      What is the Sah Polymers IPO Listing Date?

      Shares of this company shall be listed in the exchanges on Jan 12, 2023. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Sah Polymers IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Sah Polymers IPO?

      Here are the promoters of this IPO – SAT INDUSTRIES LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Sah Polymers IPO?

      They have obtained the GMP of this IPO and it is Rs. 5. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Sah Polymers IPO good for Investment?

      They 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 Sah Polymers Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Million is 125.13, 2021 is 127.23, and 2020 is 29.68. PAT from Jun 2022 is 437.54.


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