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Sati Poly Plast Debuts on NSE SME with a 90% Premium, Opening at ₹247 Per Share!

Sati Poly Plast debuted on the NSE SME at ₹247, a 90% premium over the issue price of ₹130, reflecting strong investor enthusiasm despite overall market slow performance..
Sati Poly Plast Debuts on NSE SME with a 90% Premium, Opening at ₹247 Per Share!

Sati Poly Plast shares debuted impressively on the NSE SME, opening at ₹247 each, marking a 90% premium over the initial price of ₹130. Despite a sluggish market, the company’s shares commenced trading significantly higher, reflecting strong investor enthusiasm.

Sati Poly Plast’s IPO, with a price range of ₹123-₹130 per share, raised ₹17.36 crore through 13.35 lakh new shares. The offer was massively oversubscribed at 462.66  times, with exceptional demand across retail, QIB, and NII categories, reflecting high investor interest.

Sati Poly Plast Limited, established in 2015 as a manufacturer after initially trading, produces flexible packaging materials for diverse industries from its two Noida facilities. With a capacity that has doubled since 2019, they emphasise sustainable practices by recycling production waste, supporting the circular economy with products like PET and biodegradable film.

Sati Poly Plast Ltd aims to use IPO proceeds to fund FY 2024-25 working capital needs of ₹36.36 crores, with additional funds allocated for general corporate purposes and growth strategies.

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