Sah Polymers Limited | Globe Capital
Sah Polymers Limited
Closed
Price Band
Rs. 61 to 65 per share
IPO Issue Period
Dec 30, 2022 to Jan 4, 2023
Issue Size
66.30 Cr
Face value
Rs. 10
Fresh issue
66.30 Cr
Offer for sale
NIL
Minimum Shares for Retail
230 Shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Jan 12, 2023
QIB
Not More than 75% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 10% of the offer

Incorporated in 1992, Sah Polymers Limited is primarily engaged in manufacturing and selling of Polypropylene (PP)/High-Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics and woven polymer.

The company offer customised bulk packaging solutions to business-to-business (” B2B”) manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry.

Sah Polymers Limited have two business divisions (i) domestic sales; and (ii) exports. The company has a presence in 6 states and 1 union territory for the domestic market and 6 regions internationally in 6 regions such as Africa, the Middle East, Europe, the USA, Australia and the Caribbean.

As of March 31, 2022, the company is supported by 97 committed staff based on the payroll. The company has one manufacturing facility with an installed production capacity of 3960 m.t. p.a. located at Udaipur, Rajasthan.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 80.51 55.07 49.10
Profit After Tax 4.38 1.27 0.30
EPS 2.81 0.82 0.19
OPM (%) 9.52 5.96 5.24
PATM(%) 5.43 2.31 0.60

 

  • Product portfolio
  • Customer base across geographies and industries
  • Management Team

1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk Containers (FIBC).

2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and the Subsidiary Company.

3. Funding the working capital requirements of the Company.

4. General corporate purposes.

Based on its FY22 earnings, the issue appears reasonably priced. Hence, Investors may subscribe to the Issue for long term perspective

Open Account