Issue Price
₹ 123-₹ 130
per equity share
Issue Size
9.56 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1000
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout 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
-
Founded
1999
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
Open Demat Account in 5 Minutes
Keep these documents ready
PAN Card | Aadhaar Card | Bank Account Number
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