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SME IPO Status: Listed [12th Jul 2024 to 16th Jul 2024]
Sati Poly Plast IPO, a SME IPO of ₹17.36 Cr was launced on 12-07-2024 to 16-07-2024 and the shares got listed on NSE SME on 22-07-2024.
The public issue of Sati Poly Plast IPO (SATIPOLY) was offered at ₹130.00 per share and the ipo was listed at ₹247.00. It has delivered listing gain of 90.00%.
As the minimum lot size was 1000 shares, the IPO has offered Rs 117000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 12th Jul 2024 |
| SME IPO Issue Closing Date: | 16th Jul 2024 |
| SME IPO Issue Price: | ₹123.00-130.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹17.36 Cr |
| Fresh Issue: | ₹17.36 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.30% |
| Promoter Holding Post IPO: | 63.00% |
| Allotment Status: | Allotment Status |
| NSE Code: | SATIPOLY |
Get important updates regarding Sati Poly Plast SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 18th Jul 2024 |
| Refunds Initiation* | 19th Jul 2024 |
| Credit of Shares to Demat* | 19th Jul 2024 |
| SME IPO Listing Date* | 22nd Jul 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹123.00-130.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 2000 shares (2 lots)- ₹260000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-07-2024 | 130.00 | 140 | 106400 | ₹270 (107.69%) | 22-Jul-2024 10:23 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sati Poly Plast Limited was founded in July 1999. The company is engaged in manufacturing flexible packaging material that is multifunctional and caters to the packaging requirements of various industries. The company provides end-to-end solutions for various flexible packaging requirements. The company has continuously expanded its operations and increased 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 covers a variety of products in the food and beverage category, including savoury snacks, snack bars, dried fruit, confectionery and dry foods.
Until 2015, the company was active in the flexible packaging sector. In 2017, the company started manufacturing flexible packaging material. This Company has set up two manufacturing units out of which “Plant 1” is located at C44, Phase II, Gautam Budh Nagar – Noida-201305 with an installed capacity of 540 tonnes per month and “Plant 2” is located at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 540 tonnes per month.
The company strictly adheres to the procedures and approvals required to meet the quality requirements of the customers to whom it supplies food and beverages. An automated machine with automatic measurement control and minimal measurement deviations has also been installed specifically for the edible oil industry. The company currently works with Pidilite, Adani Wilmar and JVL and has also started producing vacuum bags for cashews. It supplies packaging material to Pidilite, Adani Wilmar and JVL according to their requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 1999 | Packaging | ₹17.36 Cr | https://www.satipolyplast.in/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 253,000 (28.56%) | 190,000 (21.44%) | 443,000 (50%) | 886,000 | |
| 1 | 12th Jul 2024 19:32 | 0.00x | 14.93x | 38.15x | 22.28x |
| 2 | 15th Jul 2024 19:32 | 0.02x | 127.93x | 228.16x | 141.52x |
| 3 | 16th Jul 2024 18:22 | 146.00x | 569.52x | 670.62x | 499.13x |
Sati Poly Plast Limited's revenue decreased by -6.05% and profit after tax (PAT) rose by 6.39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sati Poly Plast Limited | 9.7 | 36.29 | 14.29 | 26.71 | ||
| Sabar Flex India Limited | 2.64 | 18.99 | 7.5 | 13.36 | Standalone | |
| Uma Converter Limited | 2.07 | 35.74 | 11.81 | 5.78 | Standalone |
Last Updated on 12-Aug-2024 16:07:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sati Poly Plast SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sati Poly Plast SME IPO with Zerodha.
Alternate approch to apply in Sati Poly Plast SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sati Poly Plast SME IPO Review and Important Updates
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To subscribe or apply in Sati Poly Plast SME IPO, you can use the following methods:
| Sati Poly Plast SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sati Poly Plast SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sati Poly Plast SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sati Poly Plast SME IPO. Most of the Syndicate Banks provide access to apply in Sati Poly Plast IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sati Poly Plast SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sati Poly Plast SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sati Poly Plast SME IPO Review and Important Updates
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Sati Poly Plast SME IPO is going to be list on 22-07-2024. NSE Code for Sati Poly Plast is SATIPOLY.
Other relevant questions:
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Sati Poly Plast SME IPO Allotment Date is 18-07-2024.
Other relevant questions:
Sati Poly Plast SME IPO share allotment date?Sati Poly Plast SME IPO allotment date?
