Sati Poly Plast 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
₹130
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹17.36 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
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
Sati Poly Plast Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
84.91%
Promoter Holding (Post-Issue)
61.99%
Issue Type
Book Building - SME
ISIN
INE0RPM01017
About the Company
Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. The Company provides end-to-end solution for various flexible packaging needs. Till year 2015, the company was engaged in the business of trading of flexible packaging material. From 2017, the Company commenced the manufacturing of flexible packaging material. The Company has set up two manufacturing units, of which "Plant 1" is situated at C44, Phase II, Gautam Budh Nagar - Noida-201305 with an installed capacity of 540 tones per month and "Plant 2" is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 540 tones per month. 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. Its range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. The Company utilises the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that the company is renowned for. Its products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, the company aims to manufacture its products sustainably by aiming towards "Reuse, Recycle and Upcycle". One of the key ways it achieves this is by recycling the waste generated in its flexible packaging production process. This waste is processed and transformed into recycled plastic material, which the company does not use in its production process due to low grade quality of recycled plastic material and therefore the company sold recycled plastic material in the market for use in various applications. By doing so, the company not only reduce the amount of waste sent to landfills but also contribute to the circular economy by reintroducing recycled materials into the production chain. The Company stringently maintains the processes and accreditation required to ensure the quality needs of the customers it supplies in the food and beverages. The Company has also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently the company is working with Pidilite, Adani Wilmar, JVL and has also started vacuum bags for cashews. The Company is supplying packaging material to Pidilite, Adani Wilmar and JVL as per their usage requirements.
Industry Overview
Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. India now has the physical and digital infrastructure to raise the share of the manufacturing sector in the economy and make a realistic bid to be an important player in global supply chains. Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, launched the ake in India' program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy.
Company History
Sati Poly Plast Limited was originally incorporated as "Sati Poly Plast Private Limited" as a private limited company under the provision of the Companies Act, 1956 vide certificate of incorporation dated July 14, 1999, issued by Registrar of Companies, Bihar. Further, the company was converted from a private limited company to public limited company, pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 01, 2023, and consequently, the name of the Company changed to "Sati Poly Plast Limited" and the fresh certificate of incorporation dated December 26, 2023 was issued to the company by the Registrar of Companies, Patna. The Corporate Identification Number of the Company is U82920BR1999PLC008904.
Products & Services
- Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material.
Growth Strategy
- Expand its existing product portfolio.
- Improving functional efficiency.
- Focus on consistently meeting quality standards.
Customer Base
Wholesaler and Retailer
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 standalone basis, as reported for FY23 to FY25.
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 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 to Rs. 0.91 crores was reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 1265000 equity shares of face value of Rs. 10/- each at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share aggregating to Rs. 16.45 crores is herein after referred to as the "Net Issue". The issue and the net issue constituted 26.99% and 25.57% respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established Manufacturing Facility.
- Cost Leadership and time bound execution.
- Cordial relationship between management and labour.
- Existing relationship with the clients.
- Quality Assurance.
- 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.