Sati Poly Plast Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹140(107.69%)
Premium (ELP)
Sati Poly Plast Limited's successfully transitioned to public market status with its listing on NSE on Jul 22, 2024. The IPO mobilized 13,35,000 Shares in cumulative capital, including 13,35,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹123 to ₹130, with minimum investment lots of 1000 shares. subscription activity between Jul 12, 2024 and Jul 16, 2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jul 18, 2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials for diverse industries, operating two units in Noida with a combined production capacity of 1,080 tons per month. The company supplies its products across multiple states, serving notable clients such as Pidilite, Adani Wilmar, and JVL. As of March 31, 2024, Sati Poly Plast Limited employs 135 on-roll employees, reflecting its commitment to quality manufacturing and wide market reach.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Efficient Cost Management: The company keeps costs low without compromising quality, offering competitive prices and better profits.
- On-Time Project Delivery: Dedicated to completing projects on schedule, ensuring timely delivery every time.
- Positive Labor Relations: Builds a friendly and cooperative bond between management and workers, creating a productive work environment.
- Regional Dependency: The company earns most of its revenue from Uttar Pradesh, which could hurt business if any issues happen in that region.
- Litigation Risks: The company is facing legal cases, and if the decisions go against them, it could harm their business, reputation, and profits.
- Customer Concentration: The company relies on a few big customers, so losing even one of them could have a big impact on sales and profits.
- almukund Jhunjhunwala
- Anita Jhunjhunwala
- Aditya Jhunjhunwala
- Keshav Jhunjhunwala
- Balmukund Jhunjhunwala HUF.
Sati Poly Plast Limited
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