Sah Polymers Limited IPO (Sah Polymers IPO) Detail

 

Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.

The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.

Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.

As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.

Competitive Strength:

• Product portfolio

• Customer base across geographies and industries

• Management Team

Sah Polymers IPO Details

Sah Polymers IPO is a Book Built Issue. The IPO total issue size is Rs 66.30 Cr. The Sah Polymers IPO price is ₹61 to ₹65 per share. The IPO will list on BSE, NSE.

IPO Date	Dec 30, 2022 to Jan 4, 2023
Listing Date	Jan 12, 2023
Face Value	₹10 per share
Price	₹61 to ₹65 per share
Lot Size	230 Shares
Total Issue Size	10,200,000 shares (aggregating up to ₹66.30 Cr)
Fresh Issue	10,200,000 shares (aggregating up to ₹66.30 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE

Sah Polymers IPO Reservation

Sah Polymers IPO a total of 10,200,000 shares are offered. QIB: 3,060,000 (30.00%), RII: 1,020,000 (10.00%), NII: 1,530,000 (15.00%).

Anchor Investor Shares Offered	4,590,000 (45.00%)
QIB Shares Offered	3,060,000 (30.00%)
NII (HNI) Shares Offered	1,530,000 (15.00%)
Retail Shares Offered	1,020,000 (10.00%)
Total Shares Offered	10,200,000 (100%)

Sah Polymers IPO Anchor Investors Details

Sah Polymers IPO raises Rs 29.84 crore from anchor investors. Sah Polymers IPO Anchor bid date is Dec 29, 2022.

Bid Date	Dec 29, 2022
Shares Offered	4,590,000
Anchor Portion Size (In Cr.)	29.84
Anchor lock-in period end date for 50% shares (30 Days)	Feb 20, 2023
Anchor lock-in period end date for remaining shares (90 Days)	May 15, 2023

Sah Polymers IPO Timetable (Tentative)

Sah Polymers IPO opens on Dec 30, 2022, and closes on Jan 4, 2023.

IPO Open Date	Friday, 30 December 2022
IPO Close Date	Wednesday, 4 January 2023
Basis of Allotment	Monday, 9 January 2023
Initiation of Refunds	Tuesday, 10 January 2023
Credit of Shares to Demat	Wednesday, 11 January 2023
Listing Date	Thursday, 12 January 2023
Cut-off time for UPI mandate confirmation	5 PM on Jan 4, 2023

Sah Polymers IPO Lot Size

The minimum lot size of this Sah Polymers IPO is 230 shares required is ₹14,950.

Application	Lots	Shares	Amount
Retail (Min)	1	230	₹14,950
Retail (Max)	13	2990	₹194,350
S-HNI (Min)	14	3,220	₹209,300
S-HNI (Max)	66	15,180	₹986,700
B-HNI (Min)	67	15,410	₹1,001,650

Sah Polymers IPO Promoter Holding

Sat Industries Limited is the company promoter.

Pre Issue Share Holding	100%
Post Issue Share Holding	60.46%

Company Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	35.93	49.91	0.3	18.81	10.37
31-Mar-21	40.58	55.34	1.27	20.09	13.79
31-Mar-22	68.67	81.23	4.38	26.65	30.54
30-Jun-22	75.35	27.59	1.25	27.74	33.15
Amount in ₹ Crore

Key Performance Indicator

Sah Polymers IPO Market Cap is Rs 167.67 Cr and P/E (x) is 33.51.

KPI	Values
P/E (x)	33.51
Market Cap (₹ Cr.)	167.67