Sati Poly Plast Limited

Company Profile
Company Name Sati Poly Plast Limited
Open Date 12-07-2024
Close Date 16-07-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹123 to ₹130 per share
Issue Size 13,35,000 shares
Application Amount ₹ 1,30,000
Recommendation Avoid
Originally formed and incorporated as ‘Sati Poly Plast Private Limited’ on July 14, 1999, under companies act, 1956, issued by Registrar of Companies, Bihar. The company is engaged in the manufacturing of flexible packaging material which majorly includes Roll Form Packaging, Coextruded Films, and Pouch Form Packaging, that caters to the requirements of various industries. The company has set up two manufacturing units. Plant 1 is in Gautam Budh Nagar, Noida, and can produce 540 tons per month and Plant 2 is situated in Udhyog Kendra, Noida, and has an installed capacity of 540 tons per month. The company has 135 on roll employees as of March 31, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 17,516.08 19,091.77 17,935.48
EBITDA 511.38 876.53 926.71
Net Profit 28.23 308.89 328.66
RoCE 14.49% 29.70% 21.92%
ROE 31.81% 77.68% 26.71%
P/E 147.73 13.43 13.40

Tentative Timeline

Opening Date 12-07-2024
Closing Date 16-07-2024
Basis of Allotment 18-07-2024
Initiation of Refunds 19-07-2024
Credit of Shares to Demat 19-07-2024
Listing Date 22-07-2024

Objects of the Issue

Working Capital Requirements
General Corporate Expenses

Contact Information

Registered Office Sati Poly Plast Limited D.N. Singh Road Bhagalpur 812 002
Phone +91 98181 04164
Email satipolyplast1@gmail.com
Website https://www.satipolyplast.in/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email satipoly.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.30%
Share Holding Post Issue (Promoters) 63.01%

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