Sati Poly Plast Limited (NSE SME)

Jul 12, 2024 - Jul 16, 2024

Price ₹123 - ₹130
Premium ₹140
Lot size 1000
Allotment Jul 18, 2024
Listing Jul 22, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1000 130000 443
HNI 2 2000 260000 190

Last updated on 16-Jul-2024 17:02:02

CategoryOfferedAppliedTimes
QIB25300036939000146
NIB190000108251000569.74
RETAIL443000296718000669.79
Total886000441908000498.77
Retail Apps296718© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹99.43
@8%
₹113.64
@9%
₹127.84
@10%
₹142.04
@11%
₹156.25
@12%
₹170.45
About

IPO Details

Total Issue Size 1,335,000 shares (aggregating up to 17.36 Cr)
Fresh Issue 1,335,000 shares (aggregating up to 17.36 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 36,12,000
Share holding post issue 49,47,000
Market Maker's Portion

70,000 Shares

Spread X Securities

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Key Performance indicator

KPI Mar-24 Mar-23 Mar-22
ROE 40.38% 127.02% 37.83%
ROCE 20.45% 22.63% 9.21%
RONW 26.71% 77.68% 31.81%
EPS
(basic & diluted)
9.7 9.68 0.88
P/E
(Pre IPO)
14.29    
P/E
(Post IPO)
19.57    

Financial Statement (Restated)

Period Ended Mar-24 Mar-23 Mar-22
Assets 5,637.57 4,194.08 3,578.70
Revenue 17,940.98 19,096.69 17,522.39
Profit After Tax 328.64 308.89 28.23
Net Worth 1,230.28 397.64 88.75
Reserves and Surplus 869.08 291.24 -17.65
Total Borrowing 2,520.14 2,630.50 2,358.89
Amount in  Lakhs

About Company

Incorporated in July 1999, Sati Poly Plast Limited specializes in manufacturing multifunctional flexible packaging materials catering to various industries. The company operates two manufacturing units, both located in Noida: Plant 1 in Gautam Budh Nagar, with a production capacity of 540 tons per month, and Plant 2 in Udhyog Kendra, also capable of producing 540 tons per month. Between 2018 and 2019, the company successfully increased its installed capacity from 250 tons per month to 500 tons per month. Sati Poly Plast Limited supplies its packaging materials across numerous states, including Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan. The company's notable clients include Pidilite, Adani Wilmar, and JVL. As of March 31, 2024, Sati Poly Plast Limited employs a total of 135 on-roll employees.

Strength Factors

Efficient Cost Management: The company excels in cost leadership, ensuring competitive pricing and profitability.

Timely Project Execution: Commitment to time-bound execution guarantees timely delivery and project completion.

Strong Labor Relations: Maintains a positive and productive relationship between management and labor, fostering a cooperative work environment.

 Risk Factors

Regional Dependency: Heavy reliance on revenue from Uttar Pradesh makes the company vulnerable to regional disruptions.

Litigation Risks: Ongoing litigation could negatively impact the company's business, reputation, and financial performance if outcomes are unfavorable.

Customer Concentration: Dependence on a limited number of customers poses a risk; losing any major customer could significantly affect revenues and profitability.

Lead Manager(s)

Beeline Capital Advisors Pvt Ltd

Strength
Weakness
Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: satipoly.ipo@linkintime.co.in