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HomeMONEYJuly 12 New IPO; Price Only ₹130; Company Client Adani; Last Date...

July 12 New IPO; Price Only ₹130; Company Client Adani; Last Date July 16

IPO

Sati Poly Plast IPO: If you are thinking of betting on an Initial Public Offering i.e. IPO, then this is useful news for you. 

Sati Poly Plast Limited’s IPO is opening for investment on Friday, July 12 this week. It will close on Friday, July 12. 

The price band of Sati Poly Plast IPO has been fixed between ₹ 123 to ₹ 130.

What Is The Detail

15% of the net offer in Sati Poly Plast IPO has been allocated to non-institutional investors, 35% to retail investors, and 50% to qualified institutional buyers (QIB). 

The company manufactures flexible packaging material that is multi-purpose and meets the needs of various sectors in terms of packaging. 

Let us tell you that the company used to trade flexible packaging material till 2015. The company started production of flexible packaging material in 2017.

The Company’s Clients Include Adani

Sati Poly Plast Limited has many big names as its clients. 

Its top 10 clients include DFM Foods Limited, Osho Trade Services LLP, Charu Overseas Private Limited, First Point Polymer LLP, Pari Food Products LLP, Fena (P) Limited, Ambe Food Products, Mahesh Edible Oil Industries Limited, Adani Wilmar Limited and Vimal Hi-Tech Private Limited. 

These companies account for more than 50% of their total revenue from operations. 

According to the Red Herring Prospectus (RHP), the company’s listed peers are Sabar Flex India Limited (with a P/E of 7.50) and Uma Converter Limited (with a P/E of 11.81).

Financial Details

Between March 31, 2024, and March 31, 2023, Sati Poly Plast Limited’s profit after tax (PAT) grew by 6.39%, while its revenue declined by 6.05%. 

Sati Poly Plast’s IPO price is ₹17.36 crore. The issue will issue 1,335,000 equity shares. There is no offer-for-sale component.

When Will The Listing Happen

Sati Poly Plast IPO basis for share allotment is expected to be finalized on Thursday, July 18. 

The business will start the refund process on Friday, July 19 and the shares will be credited to the demat accounts of allottees on the same day. 

Sati Poly Plast shares are likely to be listed on NSE SME on Monday, July 22.

Disclaimer: This site is only for informational purposes. We do not provide any stoke recommendations or buying advice. We are here to give you the latest news and updates about the share market. We are not responsible for any loss.

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