Sati Poly Plast Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Sati Poly

CMP

246.40

-12.95 (-4.99%)

  • DRHP
₹130

Offer Price

₹ 17.36 Cr

Issue Size

₹ 1,30,000

Min Investment

1,000

Lot size

Time Line

  • 12
    Jul 2024
    Open
  • 16
    Jul 2024
    Close
  • 18
    Jul 2024
    Finalisation of Basis of Allotment
  • 19
    Jul 2024
    Initiation of Refunds
  • 19
    Jul 2024
    Transfer of Shares to Demat Account
  • 22
    Jul 2024
    Listing Date

Objects of the Offer

  • Expand its existing product portfolio.

  • Improving functional efficiency.

  • Focus on consistently meeting quality standards.

Products & Services

  • Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material.

Strengths

  • Established Manufacturing Facility.

  • Cost Leadership and time bound execution.

  • Cordial relationship between management and labour.

  • Existing relationship with the clients.

  • Quality Assurance.

Risks

  • Majority of its revenues are generated from state of Uttar Pradesh. Any adverse development affecting its operations in this region could have an adverse impact on its business, financial condition and results of operations.

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

  • Its business is dependent and will continue to depend on the company`s manufacturing facilities, and the company is subject to certain risks in its manufacturing process such as the breakdown or failure of equipment, industrial accidents, severe weather conditions and natural disasters.

Company Promoters

Promoters Holding

Issue For IPO
22.92%
Pre Holding

84.91%

Post Holding

61.99%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2024 Mar-2023 3-Yr trend
Revenue 190.92 (9.00%) 179.35 (-6.10%) 26.71 (-)
Gross Profit 190.92 (9.00%) 179.35 (-6.10%) 26.71 (-)
Net Income 190.92 (9.00%) 179.35 (-6.10%) 26.71 (-)
Assets 190.92 (9.00%) 179.35 (-6.10%) 26.71 (-)
Liabilities 190.92 (9.00%) 179.35 (-6.10%) 26.71 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Sati Poly Plast Ltd 190.92 3.09 30.61 26.64 26.71 0.00 373.72 2.62 0.86
Sabar Flex India Ltd 95.28 1.83 53.77 53.77 8.44 1.36 14.35 3.39 1.11
Uma Converter Ltd 177.71 1.07 164.06 164.06 1.70 0.53 31.16 0.65 1.16

Book Running Managers

  • Beeline 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

D N Singh Road,
,
Bhagalpur - 812002
Phone : +91 98181 04164 Email : satipolyplast1@gmail.com www.satipolyplast.in

Offer Related Information

Initial public issue of 1335000 equity shares of face value of Rs. 10/- each of Sati Poly Plast Limited ("SPPL" or the "Company" or the "Issuer") for cash at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share (the "Issue Price") aggregating to Rs. 17.36 crores ("The Issue"), of which 70000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share aggregating... More

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