Sati Poly Plast Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 123 to ₹ 130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 13,35,000 shares (aggregating up to ₹ 17.36 Cr) |
| Fresh Issue | 13,35,000 shares (aggregating up to ₹ 17.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 36,12,000 |
| Shareholding post issue | 49,47,000 |
| Market Maker portion | 70,000 shares |
About Sati Poly Plast Limited IPO
Sati Poly Plast Limited was incorporated in July 1999 and the company is an ISO Certified Company engaged in the manufacturing of flexible packaging material that is multifunctional and caters to the packaging requirements of various industries. They provide end-to-end solutions for various flexible packaging needs. Till the year 2015, the company was engaged in the business of trading flexible packaging material. In 2017, the company commenced the manufacturing of flexible packaging material. Sati Poly Plast IPO is a book-built issue of Rs 17.36 crores. The issue is entirely a fresh issue of 13.35 lakh shares. Sati Poly Plast IPO opens for subscription on July 12, 2024 and closes on July 16, 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. 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. The market maker for Sati Poly Plast IPO is Spread X Securities.
Sati Poly Plast IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company & Financials
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 Nagar Haveli 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.
Objectives of Sati Poly Plast IPO
-
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. Working Capital Requirements.
- 2. General Corporate Purposes.
Sati Poly Plast IPO Review
The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods with boosted profits for FY23 onwards. Based on FY24 super earnings, the issue appears aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation for migration to the mainboard. Well-informed investors may park moderate funds for the medium to long term.
Sati Poly Plast Limited IPO Financial Information
Latest Revenue
17,940.98
₹ Crore
Profit After Tax
328.64
₹ Crore
Net Worth
1,230.28
₹ Crore
Total Borrowing
2,520.14
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 5,637.57 | 17,940.98 | 328.64 | 1,230.28 | 2,520.14 | ||||
| 31 Mar 2023 | 4,194.08 | 19,096.69 | 308.89 | 397.64 | 2,630.5 | ||||
| 31 Mar 2022 | 3,578.7 | 17,522.39 | 28.23 | 88.75 | 2,358.89 | ||||
| Amount in ₹ Crore | |||||||||
Sati Poly Plast Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 40.38% |
| ROCE | 20.45% |
| Debt/Equity | 1.82 |
| RoNW | 26.71% |
| P/BV | 3.58 |
| PAT Margin (%) | 1.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.1 | 6.64 |
| P/E (x) | 14.29 | 19.57 |
Frequently Asked Questions
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Competitive Strengths
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Sati Poly Plast Limited IPO Timeline
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2000 | ₹260,000 |