
Sati Poly Plast Limited
listed
₹1.23LMin. investment
About Sati Poly Plast Limited
Issue size
₹17,36,00,000Cr
IPO type
SME
Market Cap
₹0.01CrLower than sector avg
Price range
₹123 – ₹130
Revenue
₹175.16CrLower than sector avg
Lot size
1000 shares
Red Herring Prospectus
Read
Growth rate
3Y CAGR0.13%Higher than sector avg
Price range₹123 – ₹130
IPO type
SME
Lot size1000 shares
Issue size₹17,36,00,000Cr
Red Herring Prospectus
Read
Market Cap
₹0.01CrLower than sector avg
Revenue
₹175.16CrLower than sector avg
Growth rate
3Y CAGR0.13%Higher than sector avg
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About Sati Poly Plast Limited
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: Working Capital Requirements General Corporate Purposes
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Sati Poly Plast Limited ?
The issue size of the Sati Poly Plast Limited is 173600000 Cr.
What is 'pre-apply' for Sati Poly Plast Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Sati Poly Plast Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Bidding starts12 Jul 2024
- Bidding ends16 Jul 2024
- Allotment finalisation14 Jul 2024
- Release of funds19 Jul 2024
- Demat transfer18 Jul 2024
- Listing22 Jul 2024