Sah Polymers Limited initiated its business operations in 1992. The company is involved in manufacturing of HDPE Bags, Woven Fabrics, Woven Polymer, FIBC Bags etc. It has a manufacturing facility located in Udaipur with a capacity of 3960 M.T.P.A. The company offers bulk packaging solutions to various industries including Textile, Steel, Ceramic, Food, Cement, Fertilizer, Chemical etc. Its business has two parts wherein sales is done domestically and through exports. Its business is spread across 6 states and 1 union territory. However the exports of its products are done in the USA, Europe, Middle East, Caribbean, Australia etc. It has an employee base of 97 people.
IPO DETAILS
Sah Polymers Limited IPO is set to launch on 30 Dec., 2022. The subscription timeline extends till 4 Jan, 2023. The size for the IPO is Crore Rs.. Shares issued through Offer For Sale are worth Crore Rs. Shares issued through Fresh Issue mode are worth Rs Crore. The lot size is 150 shares and the price range is Rs. – Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 30 Dec., 2022 |
| CLOSING DATE FOR IPO | 4 Jan, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | Rs. – Rs. |
| LOT SIZE | shares |
| MINIMUM ORDER QUANTITY | shares |
| ISSUE SIZE | Crore Rs. |
| OFFER FOR SALE | Crore Rs. |
| FRESH ISSUE | Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 12 Jan., 2023 |
IMPORTANT DATES
| IPO OPENING DATE | 30 Dec., 2022 |
| CLOSING DATE FOR IPO | 4 Jan, 2023 |
| IPO ALLOTMENT DATE | 9 Jan, 2023 |
| REFUNDS | 10 Jan, 2023 |
| DEMAT A/C CREDITED ON | 11 Jan, 2023 |
| IPO LISTING DATE | 12 Jan, 2023 |
Sah Polymers Limited IPO begins for subscription from 30 Dec., 2022. The IPO subscription would continue till 4 Jan, 2023. The allotment status for the shareholders who applied would come on 9 Jan, 2023. The refunds for the ones who did not get allotment would be initiated on 10 Jan., 2023. The DEMAT accounts of shareholders would be credited on 11 Jan., 2023. The listing of the company would be accompanied on 12 Jan., 2023.
Lead Managers
The lead managers are :
- Pantomath Capital Advisors Private Limited
The minimum lot size for the company is decided at shares. This holding accounts to Rs.. The maximum lot size is decided at shares. This amounts to Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | shares | Rs. |
| Maximum | shares | Rs. |
OBJECTIVES FOR THE IPO
- The funds may be used for general corporate purposes.
- For Working Capital requirements.
- The funds can also be used to manufacture new variants of FIBC (Flexible Intermediate Bulk Container).
- Sah Polymers and its subsidiary have some secured and unsecured borrowings which will be paid through the IPO Money as well.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 69 | 41 | 36 |
| Revenue | 81 | 55 | 50 |
| PAT | 4.3 | 1.2 | 0.3 |
Sah Polymers Limited has an asset base of 69 Crore Rs in 2022. The same ws 41 Crore Rs in 2021 and 36 Crore Rs in 2020. The company has been focused on expanding itself every year. Apart from this the revenue of the company is also growing spontaneously in 2022. The revenue was 50 Crore Rs in 2020 and 55 Crore Rs in 2021 which jumped up to 81 Crore Rs in 2022. The profits of the company were close to 4.3 Crore Rs in 2022, 1.2 Crore Rs in 2021 and 30 Lakh Rs in 2020 which is very low based on the asset base and revenue generation.
PROS
- The company has a manufacturing facility located in Udaipur with a capacity of 3960 M.T.P.A.
- Sah Polymers Limited business has two parts wherein sales is done domestically and through exports. Its business is spread across 6 states and 1 union territory. However the exports of its products are done in the USA, Europe, Middle East, Caribbean, Australia etc.
- The company offers bulk packaging solutions to various industries including Textile, Steel, Ceramic, Food, Cement, Fertilizer, Chemical etc. Hence with a diversified segment it does not have to worry about recession because any one industry can provide it the output or sales.
CONS
- The company works in a highly competitive segment.
Sah Polymers Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Sah Polymers Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
