Aeroflex Neu Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹65
Per ShareLot Size
230 Shares
Minimum Investment
₹14,950
Issue Size
₹62.22 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Aeroflex Neu Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
91.79%
Issue Type
Book Building
ISIN
INE035801013
About the Company
Sah Polymers Limited is an ISO 9001:2015 certified company, primarily engaged in manufacturingand selling of Polypropylene (PP)/High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks,HDPE/PP woven fabrics, woven polymer based products of different weight, sizes and colours as per customers specifications. The Company offers customised bulk packaging solutions to business-to-business ("B2B") manufacturerscatering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food ProductsIndustry, Textile Industry Ceramic Industry and Steel Industry. Besides, the Company is a Del Credere Associate cum Consignment Stockist (DCA/ CS) of Indian Oil Corporation Limited and also operates as Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. The company enters into arrangements as third-party manufacturers to manufacture its tape and fabric based on customers' requirements.
Industry Overview
The India Packaging Market was valued at USD 50.5 billion in 2019, and it is expected to reach USD 204.81 billion by 2025, registering a CAGR of 26.7% during the period 2020-2025. Packaging is among the high growth industries in India and developing @ 22-25% per annum and becoming a preferred hub for packaging industry. Currently the 5th largest sector of India's economy, the industry has reported steady growth over past several years and shows high potential for much expansion, particularly in the export market. Costs of processing and packaging food can be up to 40% lower than parts of Europe which, combined with India's resources of skilled labour, make it an attractive venue for investment. A high degree of potential exists for almost all user segments which are expanding appreciably - processed foods, hard and soft drinks, fruit and marine products.
Company History
Sah Polymers Limited was originally incorporated as a public limited company under the name and style of "Peacock Continental Limited" at Udaipur Rajasthan, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 20, 1992 issued by the Registrar of Companies, Jaipur Rajasthan bearing number 17-06657 of 1992-93. The Company commenced commercial operations pursuant to a Certificate of Commencement of Business dated November 04, 1992. The name of the company was changed to "Sah Polymers Limited". Consequent upon change of name a fresh Certificate of Incorporation dated July 24, 1998 was issued by Registrar of Companies, Jaipur Rajasthan. The Corporate Identification Number of the company is U24201RJ1992PLC006657.
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.
Growth Strategy
- 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
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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 issue price is 6.5 times the face value of the equity shares. Bids can be made for a minimum of 230 shares and in multiples of 230 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diverse product portfolio with focus on quality;
- Experienced management and dedicated employee base;
- Diversified customer base across geographies and industries.
- 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.