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Sah Polymers Ltd IPO

Sah Polymers Limited will debut in the primary market with an IPO consisting of 10,200,000 equity shares at the face value of Rs 10, aggregating to Rs. 66.30 crore. The company offers customized bulk packaging solutions to business-to-business (B2B). Click here to Apply for Sah Polymers IPO

Opening Date

Dec 30, 2022

Closing Date

Jan 04, 2023

Price Band

₹61 - ₹65

Issue Size

₹66.30 Cr

Face Value

₹10 per share

Market Lot

230 Shares

Opening Date

Dec 30, 2022

Closing Date

Jan 04, 2023

Price Band

₹61 - ₹65

Issue Size

₹66.30 Cr

Face Value

₹10 per share

Market Lot

230 Shares

Listing at NSE, BSE

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

View all upcoming IPOs

Sah Polymers Ltd IPO Subscription Status Today [Live]

At 06:00:00 PM
  • This IPO has been 17.46x by 06:00 PM on Day 4
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 2.40
  • (NII) Non-institutional buyers: 32.69
  • (RII) Retail Individual buyers: 39.78
  • Employees: [.]
At 03:43:00 PM
  • This IPO has been 16.87x by 03:43 PM on Day 4
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 2.40
  • (NII) Non-institutional buyers: 32.37
  • (RII) Retail Individual buyers: 37.03
  • Employees: [.]
At 01:48:00 PM
  • This IPO has been 10.48x by 01:48 PM on Day 4
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.21
  • (NII) Non-institutional buyers: 17.44
  • (RII) Retail Individual buyers: 27.86
  • Employees: [.]
At 10:48:00 AM
  • This IPO has been 6.53x by 10:48 AM on Day 4
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.06
  • (NII) Non-institutional buyers: 8.25
  • (RII) Retail Individual buyers: 20.37
  • Employees: [.]
At 05:00:00 PM
  • This IPO has been 5.35x by 05:00 PM on Day 3
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 1.05
  • (NII) Non-institutional buyers: 6.49
  • (RII) Retail Individual buyers: 16.53
  • Employees: [.]
At 03:28:00 PM
  • This IPO has been 4.17x by 03:28 PM on Day 3
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.53
  • (NII) Non-institutional buyers: 4.70
  • (RII) Retail Individual buyers: 14.30
  • Employees: [.]
At 01:48:00 PM
  • This IPO has been 3.64x by 01:48 PM on Day 3
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.52
  • (NII) Non-institutional buyers: 4.20
  • (RII) Retail Individual buyers: 12.15
  • Employees: [.]
At 10:50:00 AM
  • This IPO has been 2.82x by 10:50 AM on Day 3
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.39
  • (NII) Non-institutional buyers: 3.16
  • (RII) Retail Individual buyers: 9.60
  • Employees: [.]
At 05:00:00 PM
  • This IPO has been 2.37x by 05:00 PM on Day 2
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.39
  • (NII) Non-institutional buyers: 2.94
  • (RII) Retail Individual buyers: 7.46
  • Employees: [.]
At 03:14:00 PM
  • This IPO has been 1.72x by 03:14 PM on Day 2
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.38
  • (NII) Non-institutional buyers: 1.70
  • (RII) Retail Individual buyers: 5.75
  • Employees: [.]
At 01:28:00 PM
  • This IPO has been 1.50x by 01:28 PM on Day 2
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.38
  • (NII) Non-institutional buyers: 1.46
  • (RII) Retail Individual buyers: 4.90
  • Employees: [.]
At 10:23:00 AM
  • This IPO has been 1.06x by 10:23 AM on Day 2
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.38
  • (NII) Non-institutional buyers: 1.06
  • (RII) Retail Individual buyers: 3.07
  • Employees: [.]
At 10:08:00 AM
  • This IPO has been 0.01x by 10:08 AM on Day 1
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.00
  • (RII) Retail Individual buyers: 0.09
  • Employees: [.]
At 01:38:00 PM
  • This IPO has been 0.20x by 01:38 PM on Day 1
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.00
  • (NII) Non-institutional buyers: 0.11
  • (RII) Retail Individual buyers: 0.93
  • Employees: [.]
At 03:53:00 PM
  • This IPO has been 0.53x by 03:53 PM on Day 1
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.25
  • (NII) Non-institutional buyers: 0.47
  • (RII) Retail Individual buyers: 1.45
  • Employees: [.]
At 05:00:00 PM
  • This IPO has been 0.86x by 05:00 PM on Day 1
  • It is a public issue of 5,610,000 equity shares.
Status of Subscription
  • (QIB) Qualified institutional buyers: 0.28
  • (NII) Non-institutional buyers: 1.00
  • (RII) Retail Individual buyers: 2.07
  • Employees: [.]

About Sah Polymers Ltd.

The company is primarily engaged in manufacturing and selling customised Polypropylene packaging products to a variety of end-user industries. They have two business verticals namely domestic sales and exports.

Sah Polymers is present in six states and one union territory in India and supplies to six international regions such as Africa, Middle East, Europe, USA, Australia, and Caribbean. They have one manufacturing unit in Rajasthan with an installed production capacity of 3960 m.t. p.a.

Sah Polymers IPO Objectives

• The company plans to set up a new manufacturing unit with the net proceeds received from the IPO.

• Net proceeds from the fresh equities will be utilized to repay/pre-pay some of the market borrowings and to fund working capital requirements.

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 customised products to B2B customers.
  • The company at present is focusing on deepening its penetration leveraging from the rising demand of Indian cost-effective FIBC products in the international market.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
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

How to apply for Sah Polymers Limited IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Sah Polymers Ltd. IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

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 customised 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

Sah Polymers Limited IPO FAQs

What is Sah Polymers Ltd. IPO?

Sah Polymers Limited will debut in the primary market with an IPO consisting of 10,200,000 equity shares at the face value of Rs 10, aggregating to Rs. 66.30 crore.

When will Sah Polymers Ltd. IPO allotment be available?

The IPO share allotment date is fixed on January 09, 2023.

What will be Sah Polymers Ltd. IPO lot size?

The lot size is fixed at 230 equity shares per lot.

When will Sah Polymers Ltd. IPO open for subscription?

The Sah Polymer Ltd. IPO opens on december 30, 2022. The subscription window will close on January 04, 2023.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Sah Polymers Ltd. list on exchanges?

Sah Polymer Ltd. IPO shares will list on the stock exchanges on January 09, 2023.

How to check the allotment status of Sah Polymers Ltd. IPO?

Angel One customers can log in to their accounts to check Sah Polymers Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Sah Polymers Ltd. IPO?

Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.

I have finished the application process for Sah Polymers Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the Sah Polymers Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Sah Polymers Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Sah Polymers Ltd. IPO?

The minimum size of the application will be one lot.

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