Sah Polymers IPO Overview: Sah Polymers Restricted is arising with its Preliminary Public Providing. The IPO will open for subscription on December thirtieth, 2022, and shut on January 4th, 2023. It’s trying to increase Rs 66.30 Crores, the entire of which shall be a Recent Challenge. On this article, we’ll have a look at the Sah Polymers IPO Overview 2022 and analyze its strengths and weaknesses. Maintain studying to search out out!
Sah Polymers IPO Overview
About The Firm
Sah Polymers Restricted is primarily engaged within the manufacturing and promoting of Polypropylene (PP), Excessive-Density Polyethylene (HDPE) FIBC Baggage, and different woven polymer-based merchandise of various weights, sizes, and colours as per buyer’s specs.
The corporate provides custom-made bulk packaging options to numerous industries that embrace Agro Pesticides Trade, Primary Drug Trade, Cement Trade, Chemical Trade, Fertilizer Trade, Meals Merchandise Trade, Textile Trade Ceramic Trade, and Metal Trade.
It has a presence in 6 states and 1 union territory in India. Along with that, the corporate internationally equipped its merchandise in Africa, the Center East, Europe, the USA, Australia, and the Caribbean.
Merchandise of the corporate
The product portfolio of the corporate contains:
FIBC (Versatile intermediate bulk container)
Container Bag
Backyard baggage/wastage baggage
Woven sacks
PP Material
Floor covers
Spiral tubing
Field baggage
PP Woven Material Rolls
The rivals of the corporate
(Supply: DRHP of the corporate)
Monetary Highlights
(Supply: DRHP of the corporate)
Sah Polymers IPO Overview – Trade Overview
The packaging trade is the fifth largest sector of India’s financial system. The trade has reported regular development over the previous a number of years and reveals excessive potential for enlargement, significantly within the export market. The nation majorly exports flattened cans, printed sheets and elements, crown cork, lug caps, plastic movie laminates, craft paper, paper boards, and packaging equipment. Going ahead, the Indian Packaging Market was valued at USD 50.5 billion in 2019, and it’s anticipated to succeed in USD 204.81 billion by 2025, registering a CAGR of 26.7% through the interval of 2020-2025.
Strengths
The corporate has a powerful and diversified product portfolio.
The corporate not solely has a powerful home but in addition a global presence.
The corporate is led by a powerful administration staff.
Weaknesses
The corporate requires a continuing provide of uncooked supplies for its operations. Any disruptions can adversely have an effect on the enterprise.
The corporate requires important quantities of working capital. Any failure to satisfy its necessities can disrupt its operations.
The promoters and administrators together with the corporate are concerned in sure litigations associated to felony, civil and tax proceedings.
The introduction of different packaging supplies attributable to adjustments in know-how or shopper preferences can severely have an effect on the enterprise.
The corporate is topic to sure dangers that embrace International change fluctuations and disruption of their plant by staff.
Sah Polymers IPO Overview – GMP
The shares of Sah Polymers traded at a premium of 6.15% within the gray market on December twenty seventh, 2022. The shares tarded at Rs 69. This provides it a premium of Rs 4 per share over the cap worth of Rs 65.
Key IPO Data
Promoters: SAT Industries Restricted
Ebook Operating Lead Managers: Pantomath Capital Advisors Non-public Restricted
Registrar To The Supply: Hyperlink Intime India Non-public Restricted
ParticularsDetails
IPO Measurement₹66.30 Crore
Recent Challenge₹66.30 Crore
Supply for Sale (OFS)-
Opening dateDecember 30, 2022
Closing dateJanuary 4, 2023
Face Worth₹10 per share
Worth Band₹61 to ₹65 per share
Lot Size230 Shares
Minimal Lot Size1 (230 Shares)
Most Lot Size13 (2990 Shares)
Itemizing DateJanuary 12, 2023
The Goal of the Challenge
The Internet Proceeds from the Recent Challenge are proposed to be utilized for:
Establishing a brand new manufacturing facility to fabricate Versatile Intermediate Bulk Containers (FIBC).
Compensation/ Prepayment of sure secured and unsecured borrowings in full or half availed by the Firm and its Subsidiaries.
Funding the working capital necessities.
Normal company functions.
In Closing
On this article, we appeared on the particulars of Sah Polymers IPO Overview 2022. Analysts stay divided on the IPO and its potential good points. This can be a good alternative for traders to look into the corporate and analyze its strengths and weaknesses. That’s it for this put up.
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