New IPO Sah Polymers Limited lists at a premium of 30.8% at ₹85/share vs the issue price of ₹65/share on NSE.
Sah Polymer‘s is in the business of manufacturing and exporting of Polypropylene (PP)/High-Density Polyethylene (HDPE) Woven Bags, BOPP Laminated Bags, and Flexible Intermediate Bulk Containers (FIBCs) in India.
Sah Polymer’s IPO subscribes 17 times.
Sah Polymers IPO Details
| IPO Date | Dec 30, 2022 to Jan 4, 2023 |
| Listing Date | Thursday, January 12, 2023 |
| Face Value | ₹10 per share |
| Price | ₹61 to ₹65 per share |
| Lot Size | 230 Shares |
| Issue Size | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Fresh Issue | 10,200,000 shares of ₹10 (aggregating up to ₹66.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 33.51 |
| Market Cap (₹ Cr.) | 167.67 |
| QIB Shares Offered | Not less than 75% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
| Company Promoters | Sat Industries Limited is the company promoter. |
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