Incorporated in 1992, Sah Polymers Limited is a customised bulk packaging solutions provider to business-to-business manufacturers catering to different industries such as Agro Pesticides, Basic Drugs, Cement, Chemical, Fertilizer, Food Products, Textile, Ceramic and Steel.
It manufactures and sells Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
It has a presence in 6 states and 1 union territory domestically and it exports products to 14 countries such as Algeria, Togo, Ghana, Poland, Portugal, France, Italy, Dominican Republic, USA, Australia,UAE, Palestine, the UK and Ireland, which contributed 55% to revenue from operations in FY22.
SAT Industries Limited (listed on BSE & NSE) is its Promoter.
It is also a Del Credere associate cum consignment stockist (DCA/ CS) of Indian Oil Corporation and also operates a dealer operated polymer warehouse of Indian Oil Corporation for its polymer division.
In January 2022, the Company acquired 51.01% of outstanding equity shares of Fibcorp Polyweave Private Limited.
Objects of the issue:
- Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).
- Repayment/ Prepayment of certain secured and unsecured borrowings.
- Funding the working capital requirements.
- General corporate purposes.
Financial Snapshot (Rs in Cr)
| Period Ended | Total Revenue | Total Borrowing | PAT | Total Assets |
|---|---|---|---|---|
| June 30, 2022 | 27.59 | 33.15 | 1.25 | 75.35 |
| March 31, 2022 | 81.23 | 30.54 | 4.38 | 68.67 |
| March 31, 2021 | 55.34 | 13.79 | 1.27 | 40.58 |
| March 31, 2020 | 49.91 | 10.37 | 0.3 | 35.93 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 30th December 2022 - 4th January 2023 |
|---|---|
| Price Band | ₹ 61-65 |
| Minimum Bid Quantity | 230 and multiples thereof |
| Face Value | ₹ 10 |
| Number of Shares | 10,200,000 shares |
| Issue size | ₹ 66.3 Cr |
| Date of Allotment | 9th January, 2023 |
| Initiation of Refund | 10th January, 2023 |
| Credit of shares | 11th January, 2023 |
| Date of Listing | 12th January, 2023 |
| Mandate end date | 19th January, 2023 |
| Anchor Investors Lock-in End Date | 4th February, 2023 |
How do I apply for Sah Polymers Limtied IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Sah Polymers Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.