Sati Poly Plast was incorporated on July 14, 1999. The company is engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. It provides end-to-end solutions for various flexible packaging needs.
| Bidding Dates |
|---|
| 12 Jul 2024 - 16 Jul 2024 |
| Subscription |
|---|
| 462.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 1000 | 1.3 M | ₹123 - ₹130 | 63.01 % | ₹164.2 M - ₹173.6 M | RHP DOC |
Sati Poly Plast IPO SUBSCRIPTION STATUS
16 Jul '24Sati Poly Plast IPO overall subscription rate was 462.66 times the total available shares
Sati Poly Plast IPO retail subscription rate was 887.88 times in the retail segment
Sati Poly Plast IPO non-institutional investor subscription rate was 755.08 times in the non-institutional investor category
Sati Poly Plast IPO Qualified Institutional Bidder subscription rate was 77.28 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Jul 2024 (Day 3) | 887.88x | 755.08x | 77.28x |
15 Jul 2024 (Day 2) | 296.63x | 169.13x | 0.01x |
12 Jul 2024 (Day 1) | 48.79x | 19.51x | 0x |
Sati Poly Plast 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) | Margins |
| FY24 | 32.9 | 1,793.5 | 73.6 | 19.1 | 5.2% |
| FY23 | 30.9 | 1,909.2 | 31.1 | 7.0 | 4.6% |
| FY22 | 2.8 | 1,751.6 | 34.9 | 15.5 | 2.9% |
Sati Poly Plast IPO SUBSCRIPTION STATUS DETAILS
Sati Poly Plast had 1.3 M shares on offer
Sati Poly Plast IPO offer price was in the range ₹123 - ₹130
Sati Poly Plast IPO minimum Investment was ₹123000
Sati Poly Plast IPO issue size was ₹ 164.2 M - ₹ 173.6 M
Sati Poly Plast had a minimum lot size of 1000 Shares per application
Sati Poly Plast NUMBER OF SHARES ON OFFER
Sati Poly Plast IPO IMPORTANT DATES
| Issue Open Date | 12 Jul 2024 |
| Issue close Date | 16 Jul 2024 |
| Allotment Date | 18 Jul 2024 |
| Refund Date | 19 Jul 2024 |
| Demat Account Credit Date | 19 Jul 2024 |
| Listing Date | 22 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Sati Poly Plast Allotment Status | Exchange |
Sati Poly Plast IPO subscription opened on 12 Jul 2024, and closed on 16 Jul 2024
IPO allotment for Sati Poly Plast was finalized on Thursday, 18 Jul 2024
IPO listing for Sati Poly Plast was on NSE on Monday, 22 Jul 2024
Sati Poly Plast IPO LISTING GAINS
| Issue Price (adjusted) | 130.0 |
| Listing Open Price | 247.0 |
| Listing Close Price | 0.0 |
| Listing Gain% | 90.0% |
| Current Gain% | -63.1% |
Sati Poly Plast 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sati Poly Plast Ltd. | 48 | 23.7 | 6.9 | -0.1 | 0.1 | 17.6 | 4.6 | 273.9 | -9.3 | 3.5 | 132.7 | 7 | -132.7 |
| Garware Hi-Tech Films Ltd. | 6973 | 16200 | 41.8 | 2.2 | 7.2 | 12.7 | 11.2 | 2185 | 1 | 338.2 | 2.1 | 166.9 | 19 |
| EPL Ltd. | 224.7 | 7198.1 | 18.5 | 2.2 | 1.5 | 13.6 | 7.9 | 4806.5 | 12.9 | 388.9 | 8.3 | 12.1 | 8.3 |
| AGI Greenpac Ltd. | 709.8 | 4592.2 | 12.7 | 3.1 | 1.7 | 14.6 | 9.9 | 2760.4 | 6 | 351.7 | 9.1 | 56 | 4.1 |
| Uflex Ltd. | 488.7 | 3529 | 11.1 | 0.1 | 0.2 | 3.9 | 1.4 | 15513 | 2.1 | 317.1 | 122.8 | 43.9 | 122.7 |
| Polyplex Corporation Ltd. | 1115.9 | 3503.1 | 77.9 | -1 | 0.5 | 1.1 | 0.5 | 7173.4 | 2.8 | 45 | -78.5 | 14.3 | -78.5 |
Sati Poly Plast INFORMATION ON IPO ISSUE
About Sati Poly Plast
Sati Poly Plast was incorporated on July 14, 1999. The company is engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. It provides end-to-end solutions for various flexible packaging needs.
Object of the Issue
- Working capital requirements
- General corporate purposes
Sati Poly Plast - PROMOTERS
| Name |
|---|
| Balmukund Jhunjhunwala |
| Anita Jhunjhunwala |
| Aditya Jhunjhunwala |
| Keshav Jhunjhunwala |
| Balmukund Jhunjhunwala HUF |
Sati Poly Plast Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Sati Poly Plast Registrar to the Issue
Link Intime India Private Limited
satipoly.ipo@linkintime.co.in
Sati Poly Plast Strengths
Established manufacturing facility
The company's manufacturing facilities are equipped to carry out end-to-end manufacturing activities starting from designing products to the production of finished goods. Its dynamic setup gives it better control over quality and also benefits it with cost advantages compared to the competitors
Quality assurance
The products pass through stringent quality checks. The quality assurance measures taken by the company include thorough checking of all raw materials, other inputs, and finished goods to ensure quality, statistical methods to identify and analyze areas of improvement, experienced manpower for quality assurance activities, etc
Sati Poly Plast Risks
Dependent on one state
The majority of the company's revenues are generated from the state of Uttar Pradesh. Any adverse development affecting the operations in this region could have an adverse impact on the business, financial condition, and results of operations
Outstanding litigation
There have been certain outstanding litigations against the company, an adverse outcome of which may adversely affect the business, reputation, and results of operations
IPO FAQs
The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 123.0 - 130.0.
The IPO application opens on Jul 12, 2024 and closes on Jul 16, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Jul 18, 2024.
The refund will be credited to your account on Jul 19, 2024.
The allotted shares will be credited to your demat on Jul 19, 2024.
Sati Poly Plast Ltd.’s shares listed on the stock exchanges on Jul 22, 2024.