Sati Poly Plast IPO Review

 
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Sati Poly Plast IPO Review

IPO Open Date: 12, July, 2024

IPO Close Date: 16, July, 2024

IPO Price: ₹123 to ₹130 per share

Lot Size: 1000 Shares

Listing: July 22, 2024

Sati Poly Plast is scheduled to hit the market on July 12, 2024 and close on July 16, 2024. Sati Poly Plast plans to raise around ₹17.36 Cr through an IPO with a sale of up to 1,335,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Sati Poly Plast Limited, established in July 1999, specializes in manufacturing versatile flexible packaging materials catering to a wide range of industries. With two manufacturing units located in Gautam Budh Nagar and Udhyog Kendra, Noida, the company has a combined monthly production capacity of 1080 tons. Over the years, they have progressively increased their capacity from 250 to 500 tonnes per month between 2018 and 2019.

Sati Poly Plast Limited distributes its packaging solutions across various states including Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan. Some of the prominent clients served by the company include Pidilite, Adani Wilmar, and JVL. As of March 31, 2024, the company boasts a workforce of 135 dedicated employees.

Sati Poly Plast


Sati Poly Plast IPO Details

Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024. The Listing date for Sati Poly Plast IPO is on July 22, 2024. The price band for IPO is ₹123 to ₹130 per share and lot size of 1000 Shares.

IPO DateJuly 12, 2024 to July 16, 2024
Listing DateJuly 22, 2024
Price₹123 to ₹130 per share
Lot Size1000 Shares
Issue Size₹17.36 Cr
Face Value₹10 per share

Sati Poly Plast IPO Tentative Timetable

Sati Poly Plast opening date is July 12, 2024 and close date is July 16, 2024. The IPO allotment date is July 18, 2024. The refund initiation of IPO is on July 19, 2024. The credit of shares in demat account is on July 19, 2024. The listing date is on July 22, 2024.

EventDate
IPO OpeningJuly 12, 2024
IPO ClosingJuly 16, 2024
IPO Allotment DateJuly 18, 2024
Refund InitiationJuly 19, 2024
Shares Credit to DematJuly 19, 2024
Lisiting DateJuly 22, 2024

Sati Poly Plast IPO Lot Size

Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹130,000).

CategoryLotsSharesAmount
Retail(Minimum)11000₹130,000
Retail(Maximum)11000₹130,000
HNI (Minimum)22000₹260,000

Sati Poly Plast IPO Promoter Holding

Pre Issue Share Holding86.30%
Post Issue Share Holding63.00%

Sati Poly Plast IPO Review

Sati Poly Plast Ltd. (SPPL) operates in the competitive and fragmented flexible packaging industry, providing end-to-end packaging solutions primarily for the food and beverage sector. Established initially as a trading company, SPPL transitioned to manufacturing in 2017, with two plants in Noida, each having a capacity of 540 tons per month. The company emphasizes sustainability, aiming to reuse and recycle waste from its production process. SPPL's product range includes various packaging materials crafted from industry-approved materials, catering to notable clients like Pidilite and Adani Wilmar. As of March 31, 2024, SPPL employed 135 people.

Financially, SPPL has shown inconsistencies in its revenue over the last three years but has managed to increase its net profits in FY23 and FY24. The company reported total income of ₹175.22 crore with a net profit of ₹0.28 crore in FY22, ₹190.97 crore with a net profit of ₹3.09 crore in FY23, and ₹179.41 crore with a net profit of ₹3.29 crore in FY24. Despite these fluctuations, SPPL's average EPS and RoNW are ₹6.75 and 26.73%, respectively. The IPO aims to raise ₹17.36 crore, which will be primarily used for working capital and general corporate purposes. Post-IPO, SPPL's market cap is projected at ₹64.31 crore.

Given the aggressive pricing of the IPO based on FY24 earnings, well-informed investors might consider parking moderate funds for medium to long-term rewards. The small paid-up equity post-IPO indicates a longer gestation period for potential migration to the mainboard. Despite the competitive landscape, SPPL's strategic focus on sustainability and its established client base provide a solid foundation for future growth. Investors should weigh the risks and potential rewards carefully before committing to the IPO.

Sati Poly Plast IPO Subscription Status (Bidding Details)

Table not found

Sati Poly Plast IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Sati Poly Plast IPO FAQs

What is Sati Poly Plast IPO?

Sati Poly Plast is issuing 1,335,000 equity shares with a face value of ₹10 each, totaling up to ₹17.36 Cr. The shares are being offered at a price of ₹123 to ₹130 each, with a minimum order quantity of 1000 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Sati Poly Plast IPO will open?

Sati Poly Plast will open on July 12, 2024 for QIB, NII, and Retail Investors.

When Sati Poly Plast IPO will end?

Sati Poly Plast will end on July 16, 2024.

What is Sati Poly Plast IPO Size?

Sati Poly Plast IPO size is 17.36 Cr.

What is Sati Poly Plast IPO Price Band?

Sati Poly Plast price band is ₹123 to ₹130 per share.

What is the Sati Poly Plast IPO Allotment Date?

Sati Poly Plast allotment date is July 18, 2024.

What is the Sati Poly Plast IPO Listing Date?

Sati Poly Plast listing date is July 22, 2024. The IPO is to be listed on BSE and NSE.

How to Sati Poly Plast IPO through Zerodha?

To apply for the IPO “Sati Poly Plast” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Sati Poly Plast IPO through Upstox?

To apply for the IPO “Sati Poly Plast” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Sati Poly Plast IPO Allotment Status?

For Sati Poly Plast IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Sati Poly Plast IPO GMP?

You can check out here: Sati Poly Plast IPO GMP

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Article By: Ishika Agarwal
435 Posts 118.8K Total Views

An accomplished IPO analyst, providing valuable insights and expert commentary on the latest upcoming IPOs. With a keen interest in uncovering meaningful information, I offer comprehensive coverage of the most promising IPOs in the market.

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