Sah Polymers LIMITED

SAH

₹61-65

per share

Bidding Dates

30-4 Jan

Min. Investment

₹14,030.00

Lot Size

230 shares

Issue Size

₹66 Cr

IPO Timeline

Bidding starts

30 Dec ‘22

Bidding ends

04 Jan ‘23

Allotment finalisation*

09 Jan ‘23

Refund initiation*

10 Jan ‘23

Demat transfer

11 Jan ‘23

Listing

12 Jan ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Sah Polymers IPO

In 1992, Sah Polymers started its journey with manufacturing of plastic goods. Since then, the company has evolved and entered into new product categories. Today, it manufactures and sells Polypropylene (PP), High Density Polyethylene (HDPE), FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer. These products are used for packaging in various industries including agro pesticides, basic drug, cement, chemical, fertilizer, food products, textile, ceramic and steel.

It is also responsible for the customer acquisition, sales and maintenance of Indian Oil Corporation’s polymer division. Along with this, it also enters into arrangements as a third-party manufacturer for tape and fabric based customer requirements.

Apart from India, Sah Polymers exports to 14 countries including Togo, Ghana, Portugal, France, Italy, UK, USA and Australia.

This company is now launching the Sah Polymers Ltd IPO. The money raised through the fresh issue of Sah Polymers IPO will be used for reducing debt and setting up a new manufacturing facility.

Here are the key details about the Sah Polymers IPO:

Company Name	Sah Polymers Limited	Company Type	Private
Company Established On	1929	Sah Polymers IPO Opening Date	30 December 2022
Sah Polymers IPO Closing Date	4 January 2023	Sah Polymers IPO Allotment Status	9 January 2023
Credit of Shares to the Demat Account	11 January 2023	Sah Polymers IPO Listing Date	12 January 2023
Sah Polymers IPO Face Value	10	Sah Polymers IPO Lot Size	230
Sah Polymers IPO Issue Size	66 Crs	Sah Polymers IPO to be Listed on	BSE, NSE
Sah Polymers IPO Price band	61-65 per share

Financial snapshot

Particulars	FY 20	FY 21	FY 22
Revenue	₹ 49.1 crore	₹ 55 crore	₹ 80.5 crore
Net profit	₹ 0.30 crore	₹ 1.2 crore	₹ 4.3 crore

Here’s a quick look at Sah Polymers IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

Has a manufacturing facility with installed production capacity of 3,960 MTPA in Udaipur, Rajasthan
The EBITDA margins or profitability has improved to 9.6% in FY22 from 5.3% in FY20
Has customers across various industries and geographies
Exports accounted for around 55% of the revenue in FY22
The packaging market in India is expected to grow at a CAGR of 26.7% and reach $204.8 billion by 2025

Risks and threats

The name of one of its promoter group company – Aeroflex Industries – is in the RBI wilful defaulters list issued by CIBIL
Around 65% of its revenue came from its top 10 customers in FY22
Operates in a fragmented industry. Faces competition from large and small players including Kanpur Plastipack, Rishi Techtex, Gopala Polyplast and Jumbo Bag
Requires significant working capital to finance the purchase of raw materials, consumables, stores & spares and operating expenses
Fluctuations in the price of raw and packaging materials could adversely affect the business. The raw material costs accounted for around 59% of the revenue in FY22

Sah Polymers IPO details

| Sah Polymers IPO date

The offer document filed by the company with the SEBI mentions that the Sah Polymers IPO’s opening date – in other words, the Sah Polymers IPO launch date – will be on 30 December 2022. The Sah Polymers IPO closing date is 4 January 2023. After this, investors will be updated about the allotment status on 9 January 2023.

Investors, who have been allotted shares, can expect them to be credited in their demat account on 11 January 2023. The Sah Polymers IPO listing date is 12 January 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

| Sah Polymers IPO Price Band

The entire IPO is a book-built issue. The Sah Polymers IPO price band has been set between ₹61 and ₹65 per share. Interested investors can choose a price within this band to apply for the IPO.

The Sah Polymers IPO listing price will be determined on 12 January 2023. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

| Sah Polymers IPO Lot size

The Sah Polymers IPO details have been declared. The Sah Polymers IPO lot size is set at 230 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (2,990 shares). Meanwhile, the Sah Polymers IPO issue size is ₹66 crore.

How to pre-apply for the Sah Polymers IPO?

You can pre-apply for the Sah Polymers IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.

Follow these steps to pre-apply for the IPO:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Sah Polymers IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Pre-Apply’
Accept the mandate on your UPI app

How to apply for the Sah Polymers IPO?

If you are interested in this investment opportunity but unsure how to apply for the Sah Polymers IPO, here we are listing out the steps for you.

Here’s a step-by-step guide on how to apply for the Sah Polymers IPO on Upstox:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Sah Polymers IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

How to check the Sah Polymers IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Sah Polymers IPO.

The Sah Polymers IPO’s closing date is 4 January 2023. The Sah Polymers IPO’s allotment date has been set five days later, on 9 January 2023.

Here’s a step-by-step guide on how to check the Sah Polymers IPO allotment status:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your allotment status will be mentioned

Open a demat account with Upstox to apply for the Sah Polymers IPO

To apply for the Sah Polymers IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details to begin opening a demat account.
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
Complete the e-verification using the OTP sent to your registered mobile number.

This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Sah Polymers IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the Sah Polymers IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

IPO analysis

Registrar information

Name

Link Intime India Private Limited

Phone number

+91 022 4918 6200

Email ID

Sahpolymers.ipo@linkintime.co.in

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Sah Polymers IPO?

Pre-applying for the Sah Polymers IPO means applying for this public issue before it goes live. Click here to pre-apply for the Sah Polymers IPO on Upstox.

When does pre-apply for the Sah Polymers IPO open and how can you pay for it?

You can pre-apply for the Sah Polymers IPO from 29 December 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How can you apply for the Sah Polymers IPO?

Apply for the Sah Polymers IPO on Upstox. You can also download our app and apply for the IPO.

When does the Sah Polymers IPO open and close for the subscription?

The Sah Polymers IPO launch date is 29 December 2022. The Sah Polymers IPO will be open for subscription till 4 January 2023.

What’s the lot size and minimum investment needed for the Sah Polymers IPO?

The Sah Polymers lot size is 230 shares and the minimum investment required is ₹14,030.

What is the price band for the Sah Polymers IPO?

The Sah Polymers IPO price band is ₹61-₹65 per share.

What’s the size of the Sah Polymers IPO?

The size of the Sah Polymers IPO is ₹66 crore.

How many bids can I place for the Sah Polymers IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the Sah Polymers IPO subscription period?

No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.

When will Sah Polymers shares be credited to the demat account?

If shares are allotted, then they will be credited to your demat account on 11 January 2023.

Which exchanges will Sah Polymers shares list on?

Shares of Sah Polymers will list on BSE and NSE.

When will Sah Polymers shares list on the exchanges?

Sah Polymers shares’ listing date is 12 January 2023.