IPO Details
Bidding Dates
12 Jul 24 - 16 Jul 24
Price Range ₹
123 - 130
Total Equity
₹ 17.36Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
12 Jul 2024
Offer end
16 Jul 2024
Allotment
18 Jul 2024
Refund initiation
19 Jul 2024
Demat transfer
19 Jul 2024
Listing
22 Jul 2024
Offer start
12 Jul 2024
Offer end
16 Jul 2024
Allotment
18 Jul 2024
Refund initiation
19 Jul 2024
Demat transfer
19 Jul 2024
Listing
22 Jul 2024
About Company
Incorporated in July 1999, Sati Poly Plast Limited manufactures multifunctional flexible packaging materials that cater to the packaging needs of various industries. The company operates two manufacturing units. Plant 1, located in Gautam Budh Nagar, Noida, has a production capacity of 540 tons per month. Plant 2, situated in Udhyog Kendra, Noida, also has an installed capacity of 540 tons per month. Between 2018 and 2019, the company steadily increased its installed capacity from 250 tons per month to 500 tons per month. Sati Poly Plast supplies its packaging materials to several states, including Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Puducherry, Punjab, and Rajasthan. The company’s notable clients include Pidilite, Adani Wilmar, and JVL. As of March 31, 2024, Sati Poly Plast Limited employs a total of 135 on-roll employees.
Year Founded
14-07-1999
Promotor Details
Balmukund Jhunjhunwala
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.3 | 63 |
| Share Capital | 3117000 | 3117000 |
Offer to Public
13,35,000.00 Cr
Project Details
- Working Capital Requirements - 110cr
Objectives
- Working Capital RequirementsGeneral Corporate Purposes
Highlights
- Sati Poly Plast Limited has a well-established manufacturing infrastructure, with two plants located in Noida. Plant 1 and Plant 2 each have a production capacity of 540 tons per month, reflecting the company's substantial manufacturing capabilities.
- The company excels in cost-effective production and timely delivery of its products. This efficiency allows Sati Poly Plast to offer competitive pricing while ensuring that customer orders are fulfilled within stipulated timelines, enhancing customer satisfaction and loyalty.
- Sati Poly Plast maintains a positive and cooperative relationship between management and labor. This harmonious work environment contributes to high productivity and operational efficiency, minimizing disruptions and fostering a stable workforce.
- The company has established enduring relationships with prominent clients, including Pidilite, Adani Wilmar, and JVL. These longstanding partnerships demonstrate the company's reliability and ability to meet the stringent requirements of major industry players.
- Sati Poly Plast is dedicated to maintaining high-quality standards for its products. The company focuses on consistently meeting and exceeding industry quality benchmarks, ensuring customer satisfaction and trust. Additionally, the company aims to expand its product portfolio and improve functional efficiency, which further strengthens its market position and growth potential.
Challenges
- A significant portion of the company's revenue is generated from the state of Uttar Pradesh. Any adverse developments in this region could negatively impact the company’s business, financial condition, and operational results.
- The company faces certain outstanding legal disputes. An unfavorable outcome in any of these litigations could harm its business, reputation, and operational results.
- The company relies on a small number of key customers for its sales. Losing any of these major customers could adversely affect its revenue and profitability.
- The company depends on a limited number of suppliers for its raw materials. Losing any of these key suppliers could disrupt business operations and affect production.
- The company’s operations are heavily dependent on its manufacturing facilities, which are subject to risks such as equipment breakdowns, industrial accidents, severe weather, and natural disasters. Any significant disruption could adversely affect the company's operations and financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 3,717.23 | 106.40 | -18.35 | -18.35 | -0.5749 |
| 2023 | 4,137.96 | 106.40 | 28.23 | 28.23 | 0.8844 |
| 2022 | 3,526.79 | 106.40 | 28.23 | 28.23 | 0.8844 |
