Sah Polymers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sah Polymers

CMP

91.96

+0.02 (0.02%)

  • DRHP
₹65

Offer Price

₹ 66.30 Cr

Issue Size

₹ 14,950

Min Investment

17.46x

Times Subscribed

230

Lot size

Time Line

  • 30
    Dec 2022
    Open
  • 04
    Jan 2023
    Close
  • 09
    Jan 2023
    Finalisation of Basis of Allotment
  • 10
    Jan 2023
    Initiation of Refunds
  • 11
    Jan 2023
    Transfer of Shares to Demat Account
  • 12
    Jan 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Setting up a new manufacturing facility to widen its product portfolio and increase its capacity.

  • Increase its customer network in existing markets and enter new geographical markets.

  • Carefully evaluate and pursue accretive acquisitions

Products & Services

  • The Company is engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks,HDPE/PP woven fabrics, based products of different weight, sizes and colours as per customers specifications.

Strengths

  • Diverse product portfolio with focus on quality;

  • Experienced management and dedicated employee base;

  • Diversified customer base across geographies and industries.

Risks

  • Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

  • The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. Its inability to meet its working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.

  • Further any defaults or delays in payment by a significant portion of its customers, may have an adverse effect on cash flows, results of operations and financial condition.

  • The Company, Group Company, Corporate promoter,Directors and Subsidioary are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages. Any adverse decision in these proceedings may render its liable to various penalties and/or monetary compensation and may adversely affect its business and results of operations.

  • Its success depends on its ability to build new manufacturing plant and expand its product portfolio, both of which are subject to risks and uncertainties. Delay in schedule of implementation may subject the Company to risks related to time and cost overrun which may have a material adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
91.79%
Pre Holding

91.79%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 80.51 (64.00%) 95.40 (18.50%) 4.29 (-)
Gross Profit 80.51 (64.00%) 95.40 (18.50%) 4.29 (-)
Net Income 80.51 (64.00%) 95.40 (18.50%) 4.29 (-)
Assets 80.51 (64.00%) 95.40 (18.50%) 4.29 (-)
Liabilities 80.51 (64.00%) 95.40 (18.50%) 4.29 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sah Polymers Ltd 74.65 4.02 52.68 28.56 16.42 0.00 15.46 3.57 0.55
Rishi Techtex Ltd 100.86 1.32 66.80 66.80 4.48 1.78 39.76 1.97 0.69
Jumbo Bag Ltd 130.56 1.06 101.14 101.14 5.55 1.27 21.75 1.04 2.39
SMVD Poly Pack Ltd 86.24 1.05 73.86 73.86 4.53 2.11 46.42 1.41 1.40
Emmbi Industries Ltd 435.62 19.03 354.60 354.60 12.40 10.76 86.72 5.36 0.94
Commercial Syn Bags Ltd 322.59 18.31 221.52 221.52 17.32 14.64 85.22 8.26 0.72

Book Running Managers

  • Pantomath Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

E-260-261,
Mewar Industrial Area Mardi,
Udaipur - 313003
Phone : 91-294 2493889 Email : cs@sahpolymers.com www.sahpolymers.com

Offer Related Information

Initial public offering of 102,00,000* equity shares of face value of Rs. 10 each ("Equity Shares") of Sah Polymers Limited ("The Company" or "The Issuer") for cash at a price of Rs. 65 per equity share (including a premium of Rs. 55 per equity share) ("Issue Price") aggregating to Rs. 66.30 crores ("Issue"). The offer cpmrises of fresh issue only. The issue shall constitute 39.54 % of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10. the... More

News

  • 05 Jan 2023, 10:12 AM

    Sah Polymers IPO ends with strong subscription

  • 04 Jan 2023, 17:38 PM

    Sah Polymers IPO subscribed 17.46 times

  • 04 Jan 2023, 10:08 AM

    Sah Polymers IPO ends with good subscription

  • 03 Jan 2023, 17:10 PM

    Sah Polymers IPO subscribed 5.35 times

  • 02 Jan 2023, 17:13 PM

    Sah Polymers IPO subscribed 2.37 times

  • 30 Dec 2022, 17:09 PM

    Sah Polymers IPO subscribed 86%

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