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Sati Poly Plast Limited


Issue Price

₹123- ₹130

per equity share

Issue Size

9.56 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot


equity share

Please note

Listing at NSE

Sati Poly Plast Limited

Important Dates

IPO Open Date

12 Jul 2024

IPO Close Date

16 Jul 2024

Allotment Date

18 Jul 2024

Initiation of Refunds

19 Jul 2024

Credit of Shares to Demat Account

19 Jul 2024

IPO Listing Date

22 Jul 2024

UPI Mandate Expiry Date

16 Jul 2024

IPO Details

Sati Poly Plast has come up with an offering of a public issue. This Initial Public Offering (IPO) will consist of a fresh issue of 1,335,000 equity shares. The total aggregated size of the offer is 1,335,000 Equity shares. This new IPO is being made through a book-built issue type with a reservation of not less than 50% of the net issue being offered to qualified institutional buyers, retail investors being offered not less than 35% of the net issue, and not less than 15% of the net issue is reserved for HNI category. This IPO opens for subscription from July 12, 2024, till July 16, 2024, whereas the listing date is decided on July 22, 2024, and refund initiation for those who will not get allotted the share is on June 19, 2024. However, keep in mind that the public offering is proposed to be listed on the NSE exchange on an SME segment.

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About Sati Poly Plast Limited

Sati Poly Plast Limited was incorporated in July 1999. The company manufactures flexible packaging materials that have a multitude of functions for various industries. Sati Poly Plast consists of two manufacturing units located at Gautam Budh Nagar, Noida, each with a production capacity of 540 tons per month. The company increased its installed capacity from 250 tons to 500 tons per month from 2018 to 2019. Sati Poly Plast sells its products in a significant number of states, covering Assam, Bihar, Chattisgarh, Dadra and Nagar Haveli, Daman and Diu, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan. Some of their known customers or clients are Pidilite, Adani Wilmar, and JVL. The company has 135 employees as of March 31, 2024.

Parent Organisation




Managing Director

Balmukund Jhunjhunwala

IPO Objectives

The Company intends to use the Net Proceeds from the Fresh Offer to support various aspects of its operations and growth. These include funding the company's working capital requirements, as well as general corporate purposes. This allocation of funds aims to enhance the company's operational efficiency and facilitate its strategic objectives.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked

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