Sati Poly Plast IPO price band sets at Rs. 123 to Rs. 130 per equity share with a face value of Rs.10 each. The IPO is a book-built issue of Rs. 17.36 crores. The issue is entirely fresh issue of 13.35 lakh equity shares.
Sati Poly Plast IPO subscription starts on Friday, July 12, 2024 and ends on Tuesday, July 16, 2024. The allotment for the Sati Poly Plast IPO is expected to be finalized on Thursday, July 18, 2024. Sati Poly Plast IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Monday, July 22, 2024.
The minimum order quantity of the issue is 1,000 equity shares. The minimum amount of investment required for Retail is ₹1,30,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,60,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Beeline Capital Advisors Private Limited is book-running lead manager. Kotak Mahindra Bank Limited is sponsor bank to the issue. Link Intime India Private Limited is registrar to the IPO.
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Financials
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 12.30 | 3.98 | 0.89 |
| Revenue | 179.41 | 190.97 | 175.22 |
| PAT | 3.29 | 3.09 | 0.28 |
| PAT Margin | 1.83% | 1.62% | 0.16% |
| Net Cash Flow | 7.36 | 3.11 | 3.49 |
| Borrowings | 25.20 | 26.30 | 23.59 |
Risk Factors –
- The Company has a total borrowings of Rs. 25.20 crores which is 8 times to its profit after tax.
- The company has certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- The Company’ top ten customers contribute 70.97% of its total revenue from operations, which is high.
Objects of the issue –
- To meet working capital requirements;
- General Corporate Purposes;
- Issue Related expenses.