Sati Poly Plast IPO bidding started from July 12, 2024 and ended on July 16, 2024. The allotment for the Sati Poly Plast IPO is expected to be finalized on Thursday, July 18, 2024. Sati Poly Plast IPO will list on NSE SME with tentative listing date fixed as Monday, July 22, 2024.
IPO Size: 1,335,000 shares (17.36 Cr) Fresh Issue: 1,335,000 shares (17.36 Cr) Subscription Dates: July 12, 2024 to July 16, 2024 Expected Allotment: Thursday, July 18, 2024 Listing Date (Tentative): July 22, 2024 Price Band: ₹123 to ₹130 per share Retail Investors: ₹.130,000 (1000 shares) Small HNI : ₹.260,000(2 lots, 2000 shares) Big HNI : ₹.1,040,000(8 lots, 8000 shares)
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,335,000 shares (aggregating up to ₹17.36 Cr) |
| Fresh Issue | 1,335,000 (aggregating up to ₹17.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,612,000 |
| Share holding post issue | 4,947,000 |
| Market Maker Portion | 70,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 392,357 (29.39%) |
| QIB Shares Offered | 252,983 (18.95%) |
| NII (HNI) Shares Offered | 189,971 (14.23%) |
| Retail Shares Offered | 442,953 (33.18%) |
| Others | 69,954 (5.24%) |
| Total Shares Offered | 1,335,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Anchor Investors | 392,357 | |||
| Qualified Institutions | 252,983 | |||
| Non-Institutional Buyers | 189,971 | |||
| Retail Investors | 442,953 | |||
| Others | 69,954 | |||
| Total | 1,158,246 | 0 | 0.00 | 0.00 |
Sati Poly Plast Limited IPO raises ₹ 4.93 crore from anchor investors. Sati Poly Plast Limited IPO Anchor bid date is July 11, 2024. Sati Poly Plast Limited IPO Anchor Investors list
| Bid Date | July 11, 2024 |
| Shares Offered | 379000 |
| Anchor Portion Size (In Cr.) | 4.93 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Sati Poly Plast Limited IPO opens on July 12, 2024 and closes on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment* | Thursday, July 18, 2024 |
| Initiation of Refunds* | Friday, July 19, 2024 |
| Credit of Shares to Demat* | Friday, July 19, 2024 |
| Listing Date* | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, July 16, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹ 130,000 |
| Retail (Max) | 1 | 1000 | ₹ 130,000 |
| HNI (Min) | 2 | 2000 | ₹ 260,000 |
The promoters of the company are almukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.
| Share Holding Pre Issue | 86.30% |
| Share Holding Post Issue | 63% |
Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials that meet the packaging needs of various industries.
The company has set up two manufacturing units. Plant 1 is located in Gautam Budh Nagar, Noida, and can produce 540 tons per month. Plant 2 is situated in Udhyog Kendra, Noida, and has an installed capacity of 540 tons per month.
The company has steadily increased its installed capacity from 250 tonnes per month to 500 tonnes per month between 2018 and 2019.
The company supplies its packaging material to states such as Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu Delhi. Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab and Rajasthan.
The company's clients include Pidilite, Adani Wilmar and JVL.
As of March 31, 2024, the company has a total of 135 on roll Employees.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Sati Poly Plast Limited
D.N.
Singh Road
Bhagalpur 812 002
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Website: https://www.satipolyplast.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: satipoly.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
| Listing Date | July 22, 2024 |
| Final Issue Price | ₹ 130 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 130 | ₹ 130 |
Sati Poly Plast Limited IPO is a main-board FPO of 1,335,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 17.36 Crores. The issue is priced at ₹123 to ₹130 per share. The minimum order quantity is 1000 Shares.
The Sati Poly Plast Limited IPO opens on July 12, 2024 and closes on July 16, 2024.
Retail Investors: ₹.130,000 (1000 shares) Small HNI : ₹.260,000(2 lots, 2000 shares) Big HNI : ₹.1,040,000(8 lots, 8000 shares)
The finalization of Basis of Allotment for Sati Poly Plast Limited IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Friday, July 19, 2024. Check the Sati Poly Plast Limited IPO allotment status.