Sabar Flex India is a manufacturer and supplier of flexible packaging materials commonly used for packing food, dairy, cosmetics, pharmaceuticals, chemical, and agriculture products etc.
| Bidding Dates |
|---|
| 08 Sep 2022 - 13 Sep 2022 |
| Subscription |
|---|
| 85.38x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,10,000 | 1 | 1 | 10000 | 4.1 M | ₹11 | 72.99 % | ₹44.8 M | RHP DOC |
Sabar Flex IPO SUBSCRIPTION STATUS
13 Sep '22Sabar Flex IPO overall subscription rate was 85.38 times the total available shares
Sabar Flex IPO retail subscription rate was 54.29 times in the retail segment
Sabar Flex IPO non-institutional investor subscription rate was 116.46 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
13 Sep 2022 (Day 4) | 54.29x | 116.46x | - |
12 Sep 2022 (Day 3) | 7.93x | 3.7x | - |
09 Sep 2022 (Day 2) | 2.53x | 2.97x | - |
08 Sep 2022 (Day 1) | 0.9x | 1.11x | - |
Sabar Flex FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 17.4 | 723.6 | 30.7 | 7.9 |
| FY21 | 14.0 | 739.2 | -3.7 | -15.7 |
| FY20 | 9.0 | 635.9 | 42.2 | 39.5 |
Sabar Flex IPO SUBSCRIPTION STATUS DETAILS
Sabar Flex had 4.1 M shares on offer
Sabar Flex IPO offer price was ₹11
Sabar Flex IPO minimum Investment was ₹110000
Sabar Flex IPO issue size was ₹ 44.8 M
Sabar Flex had a minimum lot size of 10000 Shares per application
Sabar Flex NUMBER OF SHARES ON OFFER
Sabar Flex IPO IMPORTANT DATES
| Issue Open Date | 08 Sep 2022 |
| Issue close Date | 13 Sep 2022 |
| Allotment Date | 16 Sep 2022 |
| Refund Date | 19 Sep 2022 |
| Demat Account Credit Date | 20 Sep 2022 |
| Listing Date | 21 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Sabar Flex Allotment Status | Exchange |
Sabar Flex IPO subscription opened on 08 Sep 2022, and closed on 13 Sep 2022
IPO allotment for Sabar Flex was finalized on Friday, 16 Sep 2022
IPO listing for Sabar Flex was on NSE on Wednesday, 21 Sep 2022
Sabar Flex IPO LISTING GAINS
| Issue Price (adjusted) | 11.0 |
| Listing Open Price | 21.0 |
| Listing Close Price | 22.1 |
| Listing Gain% | 90.9% |
| Current Gain% | -37.7% |
Sabar Flex Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sabar Flex India Ltd. | 6.8 | 10.3 | 50.8 | 0.1 | 0.2 | 0.1 | 104.7 | 0.3 | 0.1 | ||||
| Garware Hi-Tech Films Ltd. | 7001 | 16265 | 41.9 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 229 | 7334.6 | 18.9 | 2.3 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 718.2 | 4646.6 | 12.8 | 3.2 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Polyplex Corporation Ltd. | 1179.7 | 3703.4 | 82.4 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
| Uflex Ltd. | 492.4 | 3556.1 | 11.2 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
Sabar Flex INFORMATION ON IPO ISSUE
About Sabar Flex
Sabar Flex India is a manufacturer and supplier of flexible packaging materials commonly used for packing food, dairy, cosmetics, pharmaceuticals, chemical, and agriculture products etc.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Sabar Flex - PROMOTERS
| Name |
|---|
| Hikmatbahadur Krishnabahadur Kunwar |
Sabar Flex Lead Manager
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Sabar Flex Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Sabar Flex Strengths
Location advantage
The manufacturing unit is in Dhandha, Himatnagar City of Gujarat which is close to Rajasthan. As of now flexible packaging industry is not developed in Rajasthan due to which company is getting good orders from the salt industry of Rajasthan and due to its location advantage, it provides efficient logistics thereby reducing transportation as compared to competitors
Diversified customer base
The company's customers include some of the leading players in salt, mehndi etc. in Rajasthan
Research and development capability
As part of ongoing quality assurance activities, the company has established standard specifications for raw materials and finished products and continually looks at ways to develop anti-tampering packages for products
Sabar Flex Risks
Outstanding litigations
There are outstanding litigations involving the company and against promoters
Delays in filings
There have been certain inadvertent inaccuracies, delays and non-compliances with respect to certain regulatory filings and corporate actions taken by the company
IPO FAQs
The promoter of the company is Hikmatbahadur Krishnabahadur Kunwar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 11.0 - 11.0.
The IPO application opens on Sep 08, 2022 and closes on Sep 13, 2022.
The minimum lot size for the IPO is 10000. The maximum lot size for the IPO is 10000.
For all category investors, the minimum application amount for this IPO is Rs. 110,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Sep 16, 2022.
The refund will be credited to your account on Sep 19, 2022.
The allotted shares will be credited to your demat on Sep 20, 2022.
Sabar Flex India Ltd.’s shares listed on the stock exchanges on Sep 21, 2022.