Sati Poly Plast IPO
#1. Quick Intro to Sati Poly Plast IPO
The initial public offering (IPO) of Sati Poly Plast will open for subscription on July 12 and close on July 16, comprising only fresh issues of Rs. 17.36 crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on July 22, 2024.
Sati Poly Plast Limited (1999) is engaged in the business of trading flexible packaging material. In 2017, the Company commenced the manufacturing of flexible packaging material. The Company has set up two manufacturing units, of which “Plant 1 & Plant 2” is situated at Noida with an installed capacity of 540 tones per month each. The company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019. The range of packaging solutions spans a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Sati Poly Plast
The company intends to use the IPO Funds for the following purposes:
- Funding for working capital requirement
- General corporate purposes and issue expenses.
#3. Sati Poly Plast Core Strengths
- Well-established manufacturing facility
- Cost leadership and time-bound execution
- Quality Assurance
- Existing relationships with clients
#4. Sati Poly Plast IPO Review & Rating
| Issue Size | Rs.17.36 crore |
| Issue Price | Rs.123-130 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (Latest) | Rs.328.64 Lakh |
| ROE | 40.38 |
| RONW (%) | 20.45 |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. Sati Poly Plast IPO Dates, Price Band & Details
Sati Poly Plast IPO will open on July 12, 2024, and close on July 16, 2024. The IPO is to be listed on July 22, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.17.36 crore |
| Price Brand | Rs.123-130 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | July 12, 2024 |
| IPO Close Date | July 16, 2024 |
| IPO Allotment Date | July 18, 2024 |
| Refund Date | July 19, 2024 |
| Share Credit Date | July 19, 2024 |
| Listing Date | July 22, 2024 |
#6. Sati Poly Plast IPO Offer Details
Sati Poly Plast IPO’s total issue size is 13,35,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 13,37,000 | 17.36 |
| Offer for Sale (OFS) | – | – |
#7. Sati Poly Plast Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 17940.98 | 19096.69 | 17522.39 |
| Net Worth | 1230.28 | 397.64 | 88.75 |
| Profit | 328.64 | 308.89 | 28.23 |
| Total Borrowings | 2520.14 | 2630.50 | 2358.89 |
#8. Sati Poly Plast Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 9.70 | 9.68 | 0.88 |
| RoNW (%) | 26.71 | 77.68 | 21.81 |
| NAV (Rs.) | 36.29 | 12.46 | 2.78 |
#9. Sati Poly Plast Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV |
| Sabar Flex | 12616.80 | 13.36 | 18.99 |
| Uma Converter | 18,102.22 | 5.78 | 35.74 |
#10. Sati Poly Plast Company Promoters
The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Balmukund Jhunjhuwala |
| 02. | Anita Jhunjhunwala |
| 03. | Aditya Jhunjhunwala |
| 04. | Keshav Jhunjunwala |
| 05 | Balmukund Jhunjhuwala HUF |
#11. Sati Poly Plast Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 86.30 |
| Post-issue | 60.00 |
#12. Sati Poly Plast IPO Reservation Details
Sati Poly Plast IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not Less than 35% of the Net Offer |
| NII Shares Offered | Not Less than 15% of the Net Offer |
#13. Sati Poly Plast IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 1,30,000 |
| Retail (Max.) | 1 | 1000 | 1,30,000 |
| HNI (Min.) | 2 | 2000 | 2,60,000 |
#14. Sati Poly Plast IPO – Prospectus Copy
An investor can download/view the Sati Poly Plast prospectus copy, which the company filed to exchange, details are as follows.
| Sati Poly Plast IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Sati Poly Plast IPO Registrar
Link Intime India Private Limited
Website: www.linkintime.co.in
#16. Sati Poly Plast IPO Lead Managers
Beeline Capital Advisors Private Limited
Website; www.beelinemb.com
#17. Sati Poly Plast IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Sati Poly Plast IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Sati Poly Plast Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Sati Poly Plast Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Sati Poly Plast Company Details
Sati Poly Plast Limited
Registered Office: D.N Singh Road, Bhagalpur-812002, Bihar
Email: satipolyplast1@gmail.com
Website: www.satiplolyplast.in
Investor Grievances/Compliance Officer: Akansha Jain
#19. Sati Poly Plast Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | |
| 02. |
#20. Sati Poly Plast Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Balmukund Jhunjhuwala |
| 02. | Anita Jhunjhunwala |
Sati Poly Plast IPO – Frequently Asked Questions (FAQs)
| #1. What is a Sati Poly Plast IPO?
Sati Poly Plast brings its IPO of Rs.17.36 crore, on July 12, 2024, with a price band of Rs.123-130 per share. |
| #2. What is the Sati Poly Plast IPO Open date?
Sati Poly Plast IPO’s opening date is July 12, 2024. |
| #3. What is the Sati Poly Plast IPO Close Date?
Sati Poly Plast IPO’s closing date is July 16, 2024. |
| #4. What is the Sati Poly Plast IPO Listing date?
Sati Poly Plast’s IPO listing date is July 22, 2024. |
| #5. What is the Sati Poly Plast IPO Minimum investment amount?
Sati Poly Plast IPO’s minimum investment amount is Rs.1,30,000. |
| #6. What is the Sati Poly Plast IPO offer issue Size?
Sati Poly Plast offers an issue size of Rs.17.36 crore. |
| #7. What is the Sati Poly Plast IPO Price Band?
Sati Poly Plast’s IPO price band is Rs.123-130 per share. |
| #8. Is Sati Poly Plast IPO mainboard IPO or SME IPO?
Sati Poly Plast IPO is an SME IPO. |
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