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Sati Poly Plast Limited IPO (Sati Poly Plast IPO) Detail

July 12, 2024 - July 16, 2024

Sati Poly Plast IPO is a book built issue of Rs 17.36 crores. The issue is entirely a fresh issue of 13.35 lakh shares.

Sati Poly Plast IPO bidding started from July 12, 2024 and ended on July 16, 2024. The allotment for Sati Poly Plast IPO was finalized on Thursday, July 18, 2024. The shares got listed on NSE SME on July 22, 2024.

Sati Poly Plast IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Sati Poly Plast IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Sati Poly Plast IPO is Spread X Securities.

Refer to Sati Poly Plast IPO RHP for detailed information.

Sati Poly Plast IPO Details

IPO Date July 12, 2024 to July 16, 2024
Listing Date July 22, 2024
Face Value ₹10 per share
Price Band ₹123 to ₹130 per share
Lot Size 1000 Shares
Total Issue Size1,335,000 shares
(aggregating up to ₹17.36 Cr)
Fresh Issue1,335,000 shares
(aggregating up to ₹17.36 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue3,612,000
Share holding post issue4,947,000
Market Maker portion70,000 shares
Spread X Securities

Sati Poly Plast IPO Reservation

Sati Poly Plast IPO offers 1,335,000 shares. 253,000 (18.95%) to QIB, 190,000 (14.23%) to NII, 443,000 (33.18%) to RII and 379,000 (28.39%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered379,000 (28.39%)
Market Maker Shares Offered70,000 (5.24%)
QIB Shares Offered253,000 (18.95%)
NII (HNI) Shares Offered190,000 (14.23%)
Retail Shares Offered443,000 (33.18%)
Total Shares Offered1,335,000 (100%)

Sati Poly Plast IPO Anchor Investors Details

Sati Poly Plast IPO raises Rs 4.93 crore from anchor investors. Sati Poly Plast IPO Anchor bid date is July 11, 2024. Sati Poly Plast IPO Anchor Investors list

Bid Date July 11, 2024
Shares Offered 379,000
Anchor Portion Size (In Cr.) 4.93
Anchor lock-in period end date for 50% shares (30 Days) August 17, 2024
Anchor lock-in period end date for remaining shares (90 Days) October 16, 2024

Sati Poly Plast IPO Timeline (Tentative Schedule)

Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.

IPO Open Date Friday, July 12, 2024
IPO Close Date Tuesday, July 16, 2024
Basis of Allotment Thursday, July 18, 2024
Initiation of Refunds Friday, July 19, 2024
Credit of Shares to Demat Friday, July 19, 2024
Listing Date Monday, July 22, 2024
Cut-off time for UPI mandate confirmation 5 PM on July 16, 2024

Sati Poly Plast IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 1000 ₹130,000
Retail (Max) 1 1000 ₹130,000
HNI (Min) 2 2,000 ₹260,000
Lot Size Calculator

Sati Poly Plast IPO Promoter Holding

The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.

Share Holding Pre Issue 86.30%
Share Holding Post Issue 63.00%

About Sati Poly Plast Limited

Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials that meet the packaging needs of various industries.

The company has set up two manufacturing units. Plant 1 is located in Gautam Budh Nagar, Noida, and can produce 540 tons per month. Plant 2 is situated in Udhyog Kendra, Noida, and has an installed capacity of 540 tons per month.

The company has steadily increased its installed capacity from 250 tonnes per month to 500 tonnes per month between 2018 and 2019.

The company supplies its packaging material to states such as Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu Delhi. Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab and Rajasthan.

The company's clients include Pidilite, Adani Wilmar and JVL.

As of March 31, 2024, the company has a total of 135 on roll Employees.

Sati Poly Plast Limited Financial Information (Restated)

Sati Poly Plast Limited's revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
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 and Surplus869.08291.24-17.65
Total Borrowing2,520.142,630.502,358.89
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Sati Poly Plast IPO is Rs 64.31 Cr.

KPI as of March 31, 2024.

KPI Values
ROE40.38%
ROCE20.45%
Debt/Equity1.82
RoNW26.71%
P/BV3.58
PAT Margin (%)1.83
Pre IPO Post IPO
EPS (Rs) 9.16.64
P/E (x) 14.2919.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Sati Poly Plast IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Working Capital Requirements .
  2. General Corporate Purposes

Sati Poly Plast IPO Review (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods with boosted profits for FY23 onwards. Based on FY24 super earnings, the issue appears aggressively priced. Small paid-up equity capital post-IPO indicates longer gestation for migration to mainboard. Well-informed investors may park moderate funds for medium to long term. Read detail review...


Sati Poly Plast IPO Subscription Status (Bidding Detail)

The Sati Poly Plast IPO is subscribed 499.13 times on July 16, 2024 6:20:00 PM. The public issue subscribed 670.62 times in the retail category, 146.00 times in the QIB category, and 569.52 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB146.00
NII569.52
Retail670.62
Total499.13

Total Application : 297,083 (670.62 times)

Sati Poly Plast IPO Prospectus

Sati Poly Plast IPO Rating

4
3.5
Rating:Rated 3.5 stars
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Sati Poly Plast IPO Listing Details

Listing Date July 22, 2024
BSE Script Code
NSE Symbol SATIPOLY
ISIN INE0RPM01017
Final Issue Price ₹130 per share

Pre-Open Session - NSE

Sati Poly Plast Limited Contact Details

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 Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: satipoly.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Sati Poly Plast IPO - Buy or Not

Sati Poly Plast IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Sati Poly Plast IPO FAQs

Sati Poly Plast IPO is a SME IPO of 1,335,000 equity shares of the face value of ₹10 aggregating up to ₹17.36 Crores. The issue is priced at ₹123 to ₹130 per share. The minimum order quantity is 1000 Shares.

The IPO opens on July 12, 2024, and closes on July 16, 2024.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Sati Poly Plast IPO using UPI as a payment gateway. Zerodha customers can apply in Sati Poly Plast IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Sati Poly Plast IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Sati Poly Plast IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Sati Poly Plast IPO opens on July 12, 2024 and closes on July 16, 2024.

Sati Poly Plast IPO lot size is 1000 Shares, and the minimum amount required is ₹130,000.

You can apply in Sati Poly Plast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sati Poly Plast IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Friday, July 19, 2024. Check the Sati Poly Plast IPO allotment status.

The Sati Poly Plast IPO listing date is on July 22, 2024.
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Sati Poly Plast IPO Message Board

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