IPO

Sati Poly Plast Limited IPO

NSE SME

Listed On: Jul 22, 2024 at ₹ 247.0

₹ 260000 /2000 Shares
*Min Investment

Check Allotment

12 Jul, 2024

Open Date

16 Jul, 2024

Close Date

18 Jul, 2024

Allotment Date

22 Jul, 2024

Listing Date
Sati Poly Plast Limited IPO Issue Details
  • Issue Price ₹123-130 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 13,35,000 shares(aggregating up to ₹17.36 crore)
  • Fresh Share 13,35,000 shares(aggregating up to ₹17.36 crore)
  • Listing at NSE SME
  • List Price 247.0
  • Listing Date 2024-07-22
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Link Intime India Private Ltd
Market Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11000₹1,30,000
Retail(max)11000₹1,30,000
NII (min) 22000₹2,60,000
Sati Poly Plast Limited IPO Reservation

Sati Poly Plast Limited IPO offers total 13,35,000 shares. Out of which 2,53,000 (18.95%) allocated to QIB, 1,90,000 (14.23%) allocated to NII,4,43,000 (33.18%) allocated to RII, NA (NA%) allocated to employees and 3,79,000 (28.39%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered3,79,000 (28.39%)
Market Maker Shares Offered70,000 (5.24%)
QIB Shares Offered2,53,000 (18.95%)
NII (HNI) Shares Offered1,90,000 (14.23%)
Retail Shares Offered4,43,000 (33.18%)
Total Shares Offered13,35,000 (100%)
Sati Poly Plast Limited IPO Documents
DRHP
RHP
Sati Poly Plast Limited IPO Details


Sati Poly Plast Limited IPO is an SME IPO, priced at ₹123-130 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 13,35,000 equity shares, aggregating up to ₹17.36 crores..

The IPO bidding window is open from Jul 12, 2024 to Jul 16, 2024. The allotment is expected to be finalized on Jul 18, 2024, and the tentative listing date is Jul 22, 2024.

The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,30,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,60,000.

Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Spread X Securities Private Limited will act as the market maker for this issue.

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Sati Poly Plast Limited IPO Subscription Analysis And Details
Retail
670.62x
Total
499.21x
As onQIB / NIIRetailTotal
Shares Offered / Reserved253,000 / 190,000443,000886,000
Day 1 12-07-24 06:00 PM
0.00 / 14.93 x38.15 x22.28 x
Day 2 15-07-24 06:00 PM
0.02 / 127.93 x228.16 x141.52 x
Day 3 16-07-24 06:00 PM
146.00 / 569.88 x670.62 x499.21 x
Total No of Applications
2,97,083
Sati Poly Plast Limited Valuations
EPS Pre IPO ₹9.1/-
EPS Post IPO ₹6.64/-
P/E Pre IPO 14.29
P/E Post IPO 19.57
ROE 40.38%
ROCE 20.45%
Debt/Equity 1.82
RoNW 26.71%
PAT Margin 1.83
Price to Book Value 3.58
Sati Poly Plast Limited Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets5,637.574,194.083,578.70
Revenue17,940.9819,096.6917,522.39
Profit After Tax328.64308.8928.23
Net Worth1,230.28397.6488.75
Reserves & Surplus869.08291.24-17.65
Total Borrowing2,520.142,630.502,358.89
About Sati Poly Plast Limited Company

Sati Poly Plast Limited is a multifunctional flexible packaging material manufacturing company incorporated in July 1999, which caters to the packaging needs of various industries.

The company has established two manufacturing units. Plant 1 is located at Gautam Budh Nagar, Noida, and has an installed capacity of 540 tons per month. Plant 2 is located at Udhyog Kendra, Noida, and also has an installed capacity of 540 tons per month.Between 2018 and 2019, the company continually increased its installed capacity from 250 tonnes per month to 500 tonnes per month.The company provides packaging material to the states of Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli, Daman and Diu, and Delhi. Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan.

It has clients who include Pidilite, Adani Wilmar, and JVL.

The total number of employees on roll by the company on March 31, 2024, stands at 135.

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Sati Poly Plast Limited - Promoter(s)

almukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.

Pre Issue Share Holding : 86.30%

Post Issue Share Holding : 63.00%

Sati Poly Plast Limited IPO - Issue Objectives
1

Working Capital Requirements.

2

General Corporate Purposes

Sati Poly Plast Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Sati Poly Plast Limited9.7N/A36.2914.2926.713.58Standalone
Sabar Flex India Limited2.64N/A18.997.513.361.04Standalone
Uma Converter Limited2.07N/A35.7411.815.780.68Standalone

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE on March 31, 2024, divided by the Diluted EPS.
  2. RoNW is computed as net profit after tax divided by the closing net worth, computed as the sum of share capital, reserves, and surplus.
  3. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus and sub-division of shares.
Contact Details

Sati Poly Plast Limited

D.N. Singh Road, Bhagalpur 812 002

+91 98181 04164

satipolyplast1@gmail.com

https://www.satipolyplast.in/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

satipoly.ipo@linkintime.co.in

https://linkintime.co.in/initial_offer/public-issues.html