Sah Polymers IPO is all set to debut in the Indian stock market on 30th December 2022 with an issue size of 66.3cr RS. Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.
Sah Polymers IPO Details
| Sah Polymers LTD IPO Dates | 30 December 2022 – 4 January 2023 |
| Sah Polymers LTD IPO Price | INR 61 – 65 per share |
| Fresh issue | 10,200,000 shares (INR 62.22 – 66.3 crore) |
| Offer For Sale | Nil |
| Total IPO size | 10,200,000 shares (INR 62.22 – 66.3 crore) |
| Minimum bid (lot size) | 230 shares (INR 14,950) |
| Face Value | INR 10 per share |
| Documents | DRHP,RHP |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Sah Polymers IPO Tentative Dates
| Sah Polymers IPO Opening Date | 30 December 2022 |
| Sah Polymers IPO Closing Date | 4 January 2023 |
| Finalisation of Basis of Allotment | 9 January 2023 |
| Initiation of refunds | 10 January 2023 |
| Transfer of shares to demat accounts | 11 January 2023 |
| Sah Polymers IPO Listing Date | 12 January 2023 |
Sah Polymers IPO Industry Overview
In December 2021, India’s industrial production rose 0.4 percent annually, dropping from a downwardly revised 1.3 percent growth in November and falling short of market estimates of a 1.3 percent increase. The increase in industrial output was the smallest since February as manufacturing production fell and mining production slowed down (2.6 percent vs. 4.9 percent) (-0.1 percent vs 0.4 percent). Meanwhile, production of power increased (2.8 percent vs 2.1 percent). Industrial output increased by 7.5% on a monthly basis as opposed to falling by 4.7% in November. In 2021, from April to December, production increased by 15.2 percent compared to the previous year.
Polymers are the most significant component of the Indian chemical industry because they make up around 70% of petrochemicals. In essence, polymers are employed in the production of numerous plastic goods. Polymers are widely used in extruded pipes, furniture, industrial and home appliances, food packaging, and other products.
Sah Polymers IPO Company Overview
Business-to-business (” B2B”) producers serving a variety of industries, such as the agro-pesticide, basic drug, cement, chemical, fertiliser, food products, textile, ceramic, and steel industries, can benefit from the company’s customised bulk packaging solutions. Domestic sales and exports are the two major segments of Sah Polymers Limited. For the local market, the company is present in six states and one union territory. Internationally, the corporation has operations in six continents, including Africa, the Middle East, Europe, the USA, Australia, and the Caribbean.
97 dedicated employees were supporting the company as of March 31, 2022, according to the payroll. The company has a single manufacturing facility in Udaipur, Rajasthan, with an installed production capacity of 3960 m.t. per year.
Sah Polymers IPO Objectives
The company will be using the proceeds fir the following objectives
1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).
2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.
3. Funding the working capital requirements of the Company.
4. General corporate purposes.
Sah Polymers IPO Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | 49.10 | 55.07 | 80.51 | 27.22 |
| Expenses | 49.40 | 53.72 | 75.74 | 25.87 |
| Net income | 0.30 | 1.27 | 4.38 | 1.25 |
| Margin (%) | 0.6 | 2.3 | 5.4 | 4.6 |
Sah Polymers IPO Strengths
- Product portfolio
- Customer base across geographies and industries
- Management Team
Sah Polymers IPO Weaknesses
- Experienced negative cash flows from operations
- Maximum revenue comes from selected customers
- Not made any arrangements for capital requirements
Sah Polymers Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6000
Email: sahpolymers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Sah Polymers IPO Contact Details
SAH POLYMERS LIMITED
121, B-Wing,
Mittal Tower, Nariman Point,
Mumbai- Maharashtra-400021
Phone: +91 22 22042019
Email: cs@sahpolymers.com
Website: www.sahpolymers.com
Sah Polymers IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
