IPO Issue Details
Issue Price / Price Band₹65 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size230 Shares per Lot
Total Issue Size1,02,00,000 shares (aggregating up to ₹66.30 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 30 Dec 2022
Subscription CloseWed, 04 Jan 2023
Anchor AllotmentThu, 29 Dec 2022
Basis of AllotmentMon, 09 Jan 2023
Initiation of RefundsTue, 10 Jan 2023
Credit of Shares to DematWed, 11 Jan 2023
Listing DateThu, 12 Jan 2023
UPI Mandate Deadline2023-01-04
Application & Investment Details
Retail — Min (1 Lots)₹14,950 — 230 shares
Retail — Max (13 Lots)₹194,350 (13 Lots)
HNI — Min (14 Lots)₹2,09,300 — 3,220 shares
P/E Ratio (Pre-IPO)33.51x
Pre-IPO Promoter Holding1,55,96,000 shares
Post-IPO Promoter Holding2,57,96,000 shares
About Sah Polymers Ltd.
Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.The company offer customised bulk packaging solutions to business-to-business (" B2B") manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.Competitive Strength:Product portfolioCustomer base across geographies and industriesManagement Team
Objects of the Issue
Sah Polymers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC)
8.17
2
2 Repayment of certain secured and unsecured borrowings in full availed by the Company
19.66
3
3 Funding the working capital requirements of the Company
14.96
4
4 General corporate purposes
12.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,55,96,000 shares
Post-IPO Promoter Holding
2,57,96,000 shares
Lock-in Period (30%)February 8, 2023
Lock-in Period (50%)April 9, 2023