Sah Polymers IPO: Should you invest? Check issue size, price band, subscription period, other details

The subscription period for Sah Polymers' initial public offering (IPO) began on Friday, December 30, 2022, and will end on January 4, 2023.

 For its issuance, the company has set a price range of Rs. 61 to Rs. 65 per share. According to BSE data, as of 12:35 PM, the offer had been subscribed to 0.16 times, with the retail category being booked 0.75 times.

Market watchers report that Sah Polymers shares are currently trading at a premium of 6 in the black market. On January 12, 2023, the company's shares are anticipated to list on the top stock exchanges BSE and NSE.

The Sah Polymers IPO is a new offering of 1,02,00,000 equity shares that does not include an offer for sale (OFS). The promoter of the business, Sat Industries, owns 91.79 percent of the corporation.

Qualified institutional buyers (QIBs) are entitled to purchase 75 percent of the offer, non-institutional investors (NIIs) 15 percent, and retail investors 10 percent.

The company, which has its headquarters in Udaipur, manufactures and sells woven sacks, HDPE/PP woven textiles, woven polymer-based goods, and polypropylene (PP)/high density polyethylene (HDPE) FIBC bags.

For the local market, the company is present in six states and one union territory. Internationally, the corporation has operations in six continents, including Africa, the Middle East, Europe, the USA, Australia, and the Caribbean.