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Sati Poly Plast Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Sati Poly Plast Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
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.
IPO Opens12 Jul
IPO Closes16 Jul
Basis of Allotment18 Jul
Refund Initiation19 Jul
Shares Credited19 Jul
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.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Standalone figures
Revenue
Amount in ₹ crore
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.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.