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. The allotment for the Sati Poly Plast IPO is expected to be finalized on Thursday, July 18, 2024. Sati Poly Plast IPO will list on NSE SME with tentative listing date fixed as Monday, July 22, 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. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000.
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.
Refer to Sati Poly Plast IPO RHP for detailed information.
Sati Poly Plast IPO Details
| 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 | 1000 Shares |
| Total Issue Size | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Fresh Issue | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,612,000 |
| Share holding post issue | 4,947,000 |
| Market Maker portion | 70,000 shares 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 |
Sati Poly Plast IPO Timeline (Tentative Schedule)
Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.
| 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 |
Sati Poly Plast IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2,000 | ₹260,000 |
| Lot Size Calculator | |||
Sati Poly Plast IPO Promoter Holding
The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.
| Share Holding Pre Issue | 86.30% |
| Share Holding Post Issue | 63.00% |
About Sati Poly Plast Limited
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 and Nagar Haveli and 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.
As of March 31, 2024, the company has a total of 135 on roll Employees.
Sati Poly Plast Limited Financial Information (Restated)
Sati Poly Plast Limited’s revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,637.57 | 4,194.08 | 3,578.70 |
| Revenue | 17,940.98 | 19,096.69 | 17,522.39 |
| Profit After Tax | 328.64 | 308.89 | 28.23 |
| Net Worth | 1,230.28 | 397.64 | 88.75 |
| Reserves and Surplus | 869.08 | 291.24 | -17.65 |
| Total Borrowing | 2,520.14 | 2,630.50 | 2,358.89 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Sati Poly Plast IPO is Rs 64.31 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 40.38% |
| ROCE | 20.45% |
| Debt/Equity | 1.82 |
| RoNW | 26.71% |
| P/BV | 3.58 |
| PAT Margin (%) | 1.83 |
Check Sati Poly Plast IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.1 | 6.64 |
| P/E (x) | 14.29 | 19.57 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Sati Poly Plast IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Working Capital Requirements .
- General Corporate Purposes
Sati Poly Plast IPO Prospectus
Sati Poly Plast Limited Contact Details
Sati Poly Plast Limited
D.N.
Singh Road
Bhagalpur 812 002
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Website: https://www.satipolyplast.in/
Sati Poly Plast IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: satipoly.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html