Sah Polymers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 7,650,000 (75%) | — | ₹4,973 Cr |
| NII (HNI) | — | 1,530,000 (15%) | — | ₹995 Cr |
| Retail | — | 1,020,000 (10%) | — | ₹663 Cr |
| Σ Total | — | 10,200,000 (100%) | — | ₹66,300 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2,990 | ₹194,350 |
| S-HNI (Min) | 14 | 3,220 | ₹209,300 |
| B-HNI (Min) | 67 | 15,410 | ₹1,001,650 |
Financial Statements Amount in Crore
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 50 | 55 | 81 |
| Profit After Tax | 0 | 1 | 4 |
| Net Worth | 19 | 20 | 27 |
| Total Assets | 36 | 41 | 69 |
| Total Borrowing | 10 | 14 | 31 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC) – 8.17
- 2 Repayment of certain secured and unsecured borrowings in full availed by the Company – 19.66
- 3 Funding the working capital requirements of the Company – 14.96
- 4 General corporate purposes – 12.50
Company Overview
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 portfolio
- Customer base across geographies and industries
- Management Team