Sati Poly Plast IPO Details: Sati Poly Plast has announced its Initial Public Offering (IPO) dates, which will open on July 12, 2024, and close on July 16, 2024. This NSE SME IPO aims to raise ₹17.36 crores, with a price band set between ₹123 and ₹130 per share and a market lot of 1,000 shares.
Incorporated in July 1999, Sati Poly Plast Limited is an ISO Certified company specializing in the manufacturing of multifunctional flexible packaging materials. These materials cater to diverse packaging requirements across various industries, providing comprehensive end-to-end solutions. Initially focused on trading flexible packaging materials until 2015, the company transitioned to manufacturing in 2017.
Sati Poly Plast operates two manufacturing units: “Plant 1” located at C44, Phase II, Gautam Budh Nagar – Noida-201305, with an installed capacity of 500 tons per month, and “Plant 2” at Plot No. 85 Udhyog Kendra, Noida-201306, with a capacity of 450 tons per month. The company has consistently expanded its operations, increasing its installed capacity from 250 tons per month in 2018 to 400 tons per month, and subsequently to 500 tons per month in 2019.
Their packaging solutions cover a wide range of products in the food and beverage sector, including salty snacks, snack bars, dry fruits, confectionery, and dry foods. Utilizing state-of-the-art equipment, Sati Poly Plast continually invests in maintaining product quality, process efficiency, and exceptional service standards. Their products are made from a variety of industry-approved materials such as polyethylene terephthalate, biaxially oriented polypropylene, polyethylene, cast polypropylene, foil, paper, and biodegradable films. Given that flexible packaging materials primarily consist of plastic, the company is committed to sustainability through practices focused on “Reuse, Recycle, and Upcycle.” They strictly adhere to the processes and accreditations necessary to meet the quality standards required by their customers in the food and beverage industry.
Sati Poly Plast has also installed an automated machine with auto gauge control, ensuring minimal gauge variation, particularly for the edible oil industry. Currently, they collaborate with prominent companies such as Pidilite, Adani Wilmar, and JVL, and have recently ventured into producing vacuum bags for cashews.
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 Review (Apply or Not)
- updated soon
Sati Poly Plast IPO Date & Price Band 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Sati Poly Plast IPO Lot Size:
The Sati Poly Plast IPO requires a minimum market lot of 1,000 shares, translating to an application amount of ₹130,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹130,000 |
| Retail Maximum | 1 | 1000 | ₹130,000 |
| S-HNI Minimum | 2 | 2000 | ₹260,000 |
Sati Poly Plast IPO Timeline:
The Sati Polyplast IPO will open on July 12 and close on July 16. The allotment date for the IPO is July 18, and the shares are expected to be listed 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
Sati Poly Plast Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹175.22 | ₹175.07 | ₹0.28 |
| 2023 | ₹190.97 | ₹187.03 | ₹3.09 |
| 2024 | ₹179.41 | ₹175.23 | ₹3.29 |
Sati Poly Plast IPO Valuation – FY2024
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 |
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: https://linkintime.co.in/
Sati Poly Plast IPO Allotment Status
Check Sati Polyplast IPO allotment status on Link Intime website URL. Click Here
Sati Poly Plast IPO Lead Managers aka 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: https://www.satipolyplast.in/
Sati Poly Plast IPO FAQs
1. What are the Sati Poly Plast IPO dates?
- The IPO will open on July 12, 2024, and close on July 16, 2024.
2. What is the price band for the Sati Poly Plast IPO?
- The price band for the IPO is set between ₹123 and ₹130 per share.
3. What is the minimum market lot for the Sati Poly Plast IPO?
- The minimum market lot is 1,000 shares.
4. What is the application amount for the Sati Poly Plast IPO?
- The application amount for the minimum market lot is ₹130,000.
5. When will the allotment for the Sati Poly Plast IPO be announced?
- The allotment date for the IPO is July 18, 2024.
6. When is the Sati Poly Plast IPO expected to be listed?
- The shares are expected to be listed on July 22, 2024.
7. How much is Sati Poly Plast aiming to raise through this IPO?
- Sati Poly Plast aims to raise ₹17.36 crores through this IPO.
8. On which exchange will Sati Poly Plast be listed?
- Sati Poly Plast will be listed on the NSE SME platform.
9. What is the Grey Market Premium (GMP) for the Sati Poly Plast IPO?
- The GMP for the Sati Poly Plast IPO has not started yet. We are updating the GMP information daily. Please visit us again soon for the latest GMP updates.
10. What does Sati Poly Plast do?
- Sati Poly Plast Limited is an ISO Certified company engaged in manufacturing multifunctional flexible packaging materials catering to various industries. They provide end-to-end packaging solutions and have two manufacturing units in Noida with a combined installed capacity of 950 tons per month.
11. When was Sati Poly Plast incorporated?
- Sati Poly Plast Limited was incorporated in July 1999.
12. What are the main products of Sati Poly Plast?
- The company produces a wide range of flexible packaging solutions, including packaging for salty snacks, snack bars, dry fruits, confectionery, and dry foods, using materials such as polyethylene terephthalate, biaxially oriented polypropylene, polyethylene, cast polypropylene, foil, paper, and biodegradable films.
