Sah Polymers Ltd. IPO

The company is an ISO 9001:2015 certified company, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, based products of different weight, sizes and colours as per customers specifications.

RHP
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DRHP
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Open Date

2022-12-30

Close Date

2023-01-04

Company Financials

You can get the following financial statements of Sah Polymers Ltd. as of now.

Subscription Details

The details about the Sah Polymers IPO is as:

  • The issue size of the IPO is 66.30 Cr.
  • The price band for Sah Polymers IPO is Rs 61 to Rs 65.
  • The shares of Sah Polymers IPO will list on 12th January 2023.
  • The latest tentative GMP of Sah Polymers IPO is Rs 15.
  • The shares of Sah Polymers IPO is subscribed 17.46 Times as of 4rth January 2023.

 

Sah Polymers IPO Valuation

The approx valuation of Sah Polymers IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 65
Existing Shares (Qty) 1.55 Cr
Fresh Issue 66.30 Cr
EPS (FY22) Rs 2.81
PE Ratio 23.13x
Industry PE 14x

 

Sah Polymers IPO Issue Size

Sah Polymers IPO issue size is 66.30 Cr. 

Issue Amount
Fresh Issue 66.30 Cr
Offer For Sale 0 Cr

 

Sah Polymers IPO Market Lot

An Individual can apply for a minimum 1 lot of 230 shares and a maximum of 13 lots of 2990 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 230 Rs 14,950
 Maximum 13 2990 Rs 1,94,350

 

Sah Polymers IPO share offer

The shares of Sah Polymers IPO is subscribed 17.46 Times as of 4rth January 2023. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 2.40 Times
Non-Institutional Maximum 15% 32.69 Times
Retail Individual Maximum 10% 39.78 Times
Total   17.46 Times

 

Sah Polymers IPO Grey Market Premium

As on GMP (Tentative)
30 December 2022 Rs 5
31 December 2022 Rs 5
2 January 2023 Rs 9
3 January 2023 Rs 15
4 January 2023 Rs 15
5 January 2023 Rs 5

Sah Polymers IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Sah Polymers IPO:

Schedule Date
Basis of Allotment 9 January 2023
Refunds 10 January 2023
Credit to Demat Account 11 January 2023
IPO Listing Date 12 January 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 45.49 49.83 55.07 75.73 82.35
Total Expenditure 42.89 47.04 51.8 69.13 76.46
Operating Profit 2.6 2.79 3.27 6.6 5.9
Other Income 0.12 0.08 0.27 0.74 1.5
Interest 1.26 1.59 1.12 1.37 2.17
Depreciation 0.71 0.77 0.81 0.83 1.13
Exceptional Items 0 0 0 0 0
Profit Before Tax 0.75 0.52 1.62 5.14 4.11
Provision for Tax 0.38 0.22 0.35 1.12 1.05
Net Profit 0.37 0.3 1.27 4.02 3.06
Adjusted EPS (Rs.) 0.02 0.02 0.08 0.26 0.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 15.6 15.6 15.6 15.6 25.8
Total Reserves 3.38 3.68 4.49 8.27 58.3
Borrowings 0 0 0.9 1.31 8.46
Other N/C liabilities 1.21 1.35 1.43 1.45 1.8
Current liabilities 16.6 15.77 18.17 35.36 22.68
Total Liabilities 36.79 36.39 40.58 61.99 117.03
Assets
Net Block 12.63 12.74 14.24 14.4 43.35
Capital WIP 0 0 0.02 6.68 0.93
Intangible WIP 0 0 0 0 0
Investments 1 1 0 5.61 5.61
Loans & Advances 0.06 0.09 0.58 2.07 1.33
Other N/C Assets 0.78 0.53 0 0 0
Current Assets 22.31 22.03 25.73 33.23 65.82
Total Assets 36.79 36.39 40.58 61.99 117.03
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 0.53 0.44 0.46 0.45 0.89
Profit Before Tax 1.02 0.75 0.55 0.12 0.06
Tax 0.23 0.17 0.12 0.01 0.01
Profit After Tax 0.79 0.58 0.43 0.11 0.05
Adjusted EPS (Rs) 0.51 0.23 0.16 0.04 0.02

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 60.46 0
Sep 2023 60.46 0
Jun 2023 60.46 0
Mar 2023 60.46 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 0.75 0.52 1.62 5.14 4.11
Adjustment 1.26 1.04 1.63 1.88 2.45
Changes in Assets & Liabilities 0.8 -0.15 -1.76 -7.69 -21.54
Tax Paid -0.08 -0.17 -0.1 -0.3 -1.13
Operating Cash Flow 2.73 1.24 1.39 -0.97 -16.12
Investing Cash Flow -0.38 -0.04 -0.81 -13.23 -24
Financing Cash Flow -1.59 -1.68 0.86 13.62 47.34
Net Cash Flow 0.76 -0.48 1.44 -0.58 7.22
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