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Sati Poly Plast Limited

Sati Poly Plast Limited

listed
₹1.23LMin. investment

Sati Poly Plast Limited IPO Details

Price range₹123 – ₹130
IPO type
SME
Lot size1000 shares
Issue size₹17.36Cr
RHP/DRHP
Read

Sati Poly Plast Limited Timeline

  1. Bid start
    12 Jul 2024
  2. Bid end
    16 Jul 2024
  3. Allotment
    14 Jul 2024
  4. Release of funds
    19 Jul 2024
  5. Demat transfer
    18 Jul 2024
  6. Listing
    22 Jul 2024

About Sati Poly Plast Limited

Founded in 1999, Sati Poly Plast Limited specializes in manufacturing versatile flexible packaging materials that cater to various industry needs. The company provides comprehensive packaging solutions and has evolved significantly over the years. Initially involved in trading flexible packaging materials until 2015, Sati Poly Plast began its own manufacturing operations in 2017.
Sati Poly Plast operates two state-of-the-art manufacturing units located in Noida, with a combined installed capacity of 540 tonnes per month. The company has shown consistent growth, increasing its capacity from 250 tonnes per month to 400 tonnes per month in 2018, and further to 500 tonnes per month in 2019.
The company offers a wide array of packaging solutions for the food and beverage industry, including packaging for salty snacks, snack bars, dry fruits, confectionery, and dry foods. Utilizing advanced equipment, Sati Poly Plast ensures high-quality products, process efficiency, and superior service. Their products are made from a range of industry-approved materials such as polyethylene terephthalate, biaxially oriented polypropylene, polythene, cast polypropylene, foil, paper, and biodegradable films.
Recognizing the environmental impact of plastic, Sati Poly Plast is committed to sustainable manufacturing practices, focusing on "Reuse, Recycle, and Upcycle." They have also installed automated machines with auto gauge control, minimizing gauge variation, especially for the edible oil industry.
Sati Poly Plast works with notable companies like Pidilite, Adani Wilmar, and JVL, and has recently started producing vacuum bags for cashews. Vacuum bags, made from materials that can withstand vacuum sealing, are used for packaging nuts, pulses, and other edible products. This packaging method prevents oxidation and moisture absorption, keeping products fresher for longer.
Flexible packaging, made from non-rigid materials like plastic, paper, or aluminum foil, is ideal for creating pouches, bags, and other pliable containers. This type of packaging is particularly beneficial for the food and beverage, personal care, and pharmaceutical industries due to its versatility, lightweight nature, and protective barrier properties. It is also more sustainable than rigid packaging, requiring fewer resources to produce and transport.
In addition to serving the domestic market, Sati Poly Plast exports its products to Nepal, expanding its reach and showcasing its commitment to quality and sustainability on an international scale.
As Sati Poly Plast Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:
  1. Working Capital Requirements
  2. General Corporate Purposes

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Sati Poly Plast Limited Contact Details

Company NameSati Poly Plast Limited

How to apply for Sati Poly Plast Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Sati Poly Plast IPO FAQs