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
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 253000 | 36939000 | 146 |
| NIB | 190000 | 108251000 | 569.74 |
| RETAIL | 443000 | 296718000 | 669.79 |
| Total | 886000 | 441908000 | 498.77 |
| Retail Apps | 296718 | © 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 |
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.
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