Sah Polymers Limited primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, woven polymer based products of different weight, sizes and colours as per customers specifications. The Sah Polymers is an ISO 9001:2015 certified company.
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.
The company have two business divisions:
- Domestic sales; and
- Exports
The company have presence in 6 states and 1 union territory for domestic market based on sales made for the nine month ended December 31, 2021 and FY 2021, respectively. Internationally Sah Polymers supply products in 6 regions such as Africa, Middle East, Europe, USA, Australia, Caribbean based on sales made for the nine month ended December 31, 2021 and during FY 2021.
Sah Polymers have one manufacturing facility with installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.
Sah Polymers IPO – Details
| IPO Opening Date | 30 December 2022 |
| IPO Closing Date | 04 January 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹66.3 Crore |
| Fresh Issue | 1,02,00,000 Shares Worth ₹66.3 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 – ₹65 |
| Market Lot | 230 Shares |
| Min Order | 230 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Sah Polymers IPO – Date Schedule
| IPO Open Date | 30 December 2022 |
| IPO Close Date | 04 January 2023 |
| Basis of Allotment Date | 09 January 2023 |
| Initiation of Refunds | 10 January 2023 |
| Credit of Shares to Demat Account | 11 January 2023 |
| IPO Listing Date | 12 January 2023 |
Sah Polymers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | 14,950 |
| Retail (Max) | 13 | 2990 | 1,94,350 |
| S-HNI (Min) | 14 | 3220 | 2,09,300 |
| B-HNI (Min) | 67 | 15,410 | 10,01,650 |
Competitive Strengths
- Diverse product portfolio with focus on quality;
- Experienced management and dedicated employee base;
- Diversified customer base across geographies and industries.
Company Promoters
- Sat Industries Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2019 | 45.61 | 44.86 | 0.37 |
| 31 March 2020 | 49.90 | 49.39 | 0.29 |
| 31 March 2021 | 55.34 | 53.72 | 1.27 |
| 31 December 2021 | 54.35 | 50.26 | 3.25 |
| 31 March 2022 | 81.23 | 75.74 | 4.37 |
| 30 June 2022 | 27.58 | 25.86 | 1.25 |
Object 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 in full or part availed by the Company and the Subsidiary Company;
- Funding the working capital requirements of our Company; and
- General corporate purposes.
Sah Polymers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Rishi Techtex Limited | 15.67 |
| 2 | 10 | Jumbo Bag Limited | 17.37 |
| 3 | 10 | SMVD Poly Pack Limited | 7.17 |
| 4 | 10 | EMMBI Industries Limited | 8.60 |
| 5 | 10 | Commercial Syn Bags Limited | 21.20 |
Sah Polymers IPO Strengths
- Diverse product portfolio with focus on quality.
- Experienced management and dedicated employee base.
- Diversified customer base across geographies and industries.
Sah Polymers IPO Risks
- Inadequate or interrupted raw material and packaging material supply, as well as pricing fluctuations, could have a negative impact on their business.
- Their business requires a large quantity of working capital, and a large portion of that capital is spent on trade receivables & inventories.
- Their Company, Group Company, Corporate Promoter, Directors, & Subsidiary are currently involved in a number of litigations, including criminal, civil, & tax processes, all of which are in varying levels of completion. Any negative outcome in these processes could subject them to different penalties or monetary compensation, and also have a negative impact on their company.
- Their capacity to construct new production plants & extend their product portfolio, both of which are risky & uncertain, is critical to their success.
Sah Polymers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 60.46% |
Sah Polymers IPO Prospectus
Company Contact Information
| Sah Polymers Limited E-260-261 Mewar Industrial Area Madri Udaipur, Rajasthan 313 003 Phone: +91 294 2493889 Email: cs@sahpolymers.com Website: www.sahpolymers.com |
Sah Polymers IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: sahpolymers.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Sah Polymers IPO Lead Manager(s)
| 1. Pantomath Capital Advisors Private Limited |
Sah Polymers IPO FAQs
| What is Sah Polymers IPO? Sah Polymers IPO is a main-board IPO. The issue is priced at ₹61 to ₹65 per equity share. The IPO is to be listed on BSE & NSE. |
| When Sah Polymers IPO will open? The IPO is to open on 30 December 2022 for QIB, NII, and Retail Investors. |
| What is Sah Polymers IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Sah Polymers IPO? You can apply Sah Polymers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sah Polymers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sah Polymers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Sah Polymers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sah Polymers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sah Polymers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Sah Polymers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Sah Polymers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Sah Polymers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Sah Polymers IPO Size? Sah Polymers IPO size is ₹66.3 Cr. |
| What is Sah Polymers IPO Price Band? Sah Polymers IPO Price Band is ₹61 to ₹65. |
| What is Sah Polymers IPO Minimum and Maximum Lot Size? The minimum bid is 230 Shares with ₹14,950 amount while the maximum bid is 2990 shares with ₹1,94,350. |
| What is the Sah Polymers IPO Allotment Date? Sah Polymers IPO allotment date is 09 January 2023. |
| What is the Sah Polymers IPO Listing Date? Sah Polymers IPO listing date is 12 January 2023. The IPO is to list on BSE and NSE. |
