Sah Polymers Limited will debut in the primary market with an Initial Public Offer of up to 1 crore equity shares at face value of Rs 10. The company offers customized bulk packaging solutions to business-to-business (B2B).
Click Here to Apply Sah Polymers Limited IPO.
Listing At NSE, BSE
| Opening Date | Closing Date |
| Dec 30, 2022 | Jan 04, 2023 |
| Price Band | Issue Size |
| ₹61 – ₹65 Per equity Share | ₹66.30 Cr |
| Face Value | Market Lot |
| ₹10 per share | 230 Shares |
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Sah Polymers Ltd IPO Important Dates
| IPO Open Date | Dec 30, 2022 |
|---|---|
| IPO Close Date | Jan 04, 2023 |
| Allotment Date | Jan 09, 2023 |
| Initiation Of Refunds | Jan 10, 2023 |
| Credit Of Shares To Demat Account | Jan 11, 2023 |
| IPO Listing Date | Jan 12, 2023 |
| UPI Mandate Expiry Date | Jan 04, 2023 |
About Sah Polumers Limited
Incorporated in 1992, Sah Polymers Limited primarily manufactures and sells Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, and woven polymers.
The company offers customized bulk packaging solutions to business-to-business (” B2B”) manufacturers catering to industries Like 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 has two business verticals, namely (i) domestic sales; and (ii) exports. Sah Polymers is present in six states and one union territory in India and supplies to six international 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.
Sah Polymers Ltd. IPO Objectives
- • Net proceeds from the IPO will fund the expansion of a new manufacturing unit.
- Repayment/ Prepayment of certain secured and unsecured borrowings in whole or part availed by the Company and the Subsidiary Company.
- Funding the working capital requirements of the Company.
- General corporate purposes.
Why should you invest in the Sah Polymers Ltd. IPO?
Here are our top reasons:
- They are in the process of establishing a new facility with an additional installed capacity of 3960 m.t p.a to manufacture different variants of FIBC products.
- Sah Polymer offers diverse and customized products to B2B customers.
- The company, at present, is focusing on deepening its penetration by leveraging the rising demand for Indian cost-effective FIBC products in the international market.
Financial Highlights
| Particulars | FY21 (₹ in million) | FY20 (₹ in million) | FY19 (₹ in million) |
| Revenue From Operation | 5,506.99 | 4,910.07 | 4,518.44 |
| EBITDA | 329.71 | 261.31 | 250.37 |
| EBITDA Margin (%) | 5.96 | 5.24 | 5.49 |
| Profit After Tax | 127.23 | 29.68 | 37.13 |
| EPS | NA | NA | NA |
| ROE | 6.33 | 1.54 | 1.96 |
Sah Polymers IPO Lot Size
The Sah Polymers IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2990 | ₹194,350 |
| S-HNI (Min) | 14 | 3220 | ₹209,300 |
| B-HNI (Min) | 67 | 15410 | ₹1,001,650 |
Sah Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 60.46% |
How to apply for Sah Polymers Limited IPO?
Click here if you’re a new investor, Open a DEMAT Account for free with Thrilling Securities and begin the trading process.
Sah Polymers Ltd. IPO Noteworthy Highlights:
- The company is an ISO 9001:2015 certified company.
- They have earned revenue of Rs 2419.86 lakhs, Rs 2491.88 lakhs and Rs 2396.46 lakhs respectively during Fiscal 2021, 2020, and 2019.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Sah Polymer is an ISO certified company, offering customized polymer and FIBC packaging manufacturing and selling solutions. | Inadequate or interrupted supply and price fluctuation of raw materials and packaging materials will adversely impact the company’s business. |
| They are well positioned to capitalise on demand for Indian Packtech Industry (PI). | Since the nature of the business is capital intensive, lack of working capital funds can impact the future cash flow. |
| The company prepares to expand with a new manufacturing unit to widen their product portfolio and enhance their capacity. | There are pending litigation against the company, group, promoters, and subsidiaries. |
Competitive Peers
The company continues to face challenges from its listed peers.
Industry Peer Group P/E ratio
| Highest | 63.33 |
| Lowest | 15.50 |
| Average | 36.13 |
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