The Sati Poly Plast IPO opens for subscription on July 12, 2024, and closes on July 16, 2024. Allotment is expected to be finalized on Thursday, July 18, 2024. The IPO is scheduled to list on NSE SME with a tentative listing date set for Monday, July 22, 2024.
Sati Poly Plast is launching a book-built issue to raise Rs 17.36 crores through a fresh issue of 13.35 lakh shares.
The price band for the Sati Poly Plast IPO is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000 shares, requiring a minimum investment of ₹130,000 for retail investors. For HNIs, the minimum lot size is 2 lots (2,000 shares), amounting to ₹260,000.
Sati Poly Plast IPO Objectives:
The proceeds from the Fresh Issue will be utilized for the following objectives:
Meeting Working Capital Requirements
General Corporate Purposes
Sati Poly Plast IPO Review (Apply or Not):
To be updated soon.
Sati Poly Plast IPO Date & Price Details
| IPO Open: | July 12, 2024 |
| IPO Close: | July 16, 2024 |
| IPO Size: | Approx ₹17.36 Crores, 13,35,000 Equity Shares |
| Fresh Issue: | Approx ₹17.36 Crores, 13,35,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹123 to ₹130 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Sati Poly Plast IPO Lot Size:
Investors can bid for a minimum of 1000 shares and in multiples thereof. The table below illustrates the minimum and maximum investment amounts for retail investors and HNIs in terms of shares and total investment.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹ 1,30,000 |
| Retail (Max) | 1 | 1000 | ₹ 1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹ 2,60,000 |
About Sati Poly Plast Limited:
Incorporated in July 1999, Sati Poly Plast Limited is an ISO Certified Company specializing in the manufacturing of multifunctional flexible packaging materials catering to various industries’ packaging needs. Originally focused on trading flexible packaging materials until 2015, the company transitioned to manufacturing in 2017.
Sati Poly Plast operates two manufacturing units:
“Plant 1” at C44, Phase II, Gautam Budh Nagar, Noida-201305, with a monthly capacity of 500 tonnes.
“Plant 2” located at Plot No. 85 Udhyog Kendra, Noida-201306, with a monthly capacity of 450 tonnes.
The company has steadily expanded its operations, increasing its installed capacity from 250 tonnes per month in 2018 to 400 tonnes per month in 2019 and reaching 500 tonnes per month. Their flexible packaging solutions encompass a wide range of products in the food and beverage sector, including salty snacks, snack bars, dry fruits, confectionery, and dry foods.
Utilizing advanced equipment, Sati Poly Plast emphasizes product quality, process efficiency, and superior service. They employ industry-approved materials such as polyethylene terephthalate, biaxially oriented polypropylene, polyethylene, cast polypropylene, foil, paper, and biodegradable films. Committed to sustainability, they aim to manufacture products through “Reuse, Recycle, and Upcycle” strategies.
Maintaining stringent processes and accreditations, the company ensures quality standards meet the requirements of their food and beverage customers. They have invested in an Automated Machine with Auto Gauge Control to minimize gauge variation, particularly beneficial for Edible Oil Industries. Currently, they collaborate with prominent brands like Pidilite, Adani Wilmar, and JVL, and have initiated production of vacuum bags for cashews.
Sati Poly Plast IPO Timeline:
The Sati Poly Plast IPO will open for subscription on July 12 and close on July 16. Allotment of shares is scheduled for July 18, with listing expected on July 22.
| IPO Open Date: | July 12, 2024 |
| IPO Close Date: | July 16, 2024 |
| Basis of Allotment: | July 18, 2024 |
| Refunds: | July 19, 2024 |
| Credit to Demat Account: | July 19, 2024 |
| IPO Listing Date: | July 22, 2024 |
Sati Poly Plast IPO GMP Today:
The Grey Market Premium (GMP) for the Sati Poly Plast SME IPO has not started yet. We are updating the GMP information
For Latest GMP please visit:
Sati Poly Plast Limited Financials
Sati Poly Plast Limited reported a decrease in revenue by -6.05% and an increase in profit after tax (PAT) by 6.39% between the financial years ending on March 31, 2024, and March 31, 2023.
| Amount in ₹ Lakhs | |||
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| 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 |
Sati Poly Plast IPO Valuation
Check Sati Poly Plast IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.70 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 26.71% |
| Net Asset Value (NAV): | ₹36.29 per Equity Share |
Also Check: Three M Paper Boards IPO Dates, Review, and Allotment Details
Peer Group:
Sabar Flex India Limited
Uma Converter Limited
Company Promoters:
Mr. Balmukund Jhunjhunwala
Mrs. Anita Jhunjhunwala
Mr. Aditya Jhunjhunwala
Mr. Keshav Jhunjhunwala
M/S Balmukund Jhunjhunwala HUF
Sati Poly Plast IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: satipoly.ipo@linkintime.co.in
Website: Link Intime
Sati Poly Plast IPO Allotment Status:
Check Sati Poly Plast IPO allotment status on the Link Intime website.
Sati Poly Plast IPO Lead Managers (Merchant Bankers):
Beeline Capital Advisors Pvt Ltd
Company Address:
Sati Poly Plast Limited
D.N. Singh Road
Bhagalpur 812 002
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Website: Sati Poly Plast
Sati Poly Plast IPO FAQs:
What is Sati Poly Plast IPO?
Sati Poly Plast IPO is an NSE SME IPO aiming to raise ₹17.36 Crores through a price band of ₹123 to ₹130 per equity share. The IPO is set to be listed on NSE.
When will Sati Poly Plast IPO open?
The IPO will open on July 12, 2024, for QIBs, NIIs, and Retail Investors.
What is the investors’ portion for Sati Poly Plast IPO?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply for Sati Poly Plast IPO?
You can apply via ASBA online through your bank account or via UPI through your stock brokers. Offline applications are also available through stock brokers.
How to apply for Sati Poly Plast IPO through Zerodha, Upstox, and Paytm Money?
Log in to the respective platform, select the IPO, enter your UPI ID, quantity, and price, and submit the application. Approve the mandate on your UPI app. Open a Demat account if not already done.
What is the size of Sati Poly Plast IPO?
Sati Poly Plast IPO size is ₹17.36 crores.
What is the price band for Sati Poly Plast IPO?
Sati Poly Plast IPO Price Band is ₹123 to ₹130 per equity share.
