Sati Poly Plast SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Sati Poly Plast IPO. Explore Sati Poly Plast IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Sati Poly Plast Limited, originally incorporated as ‘Sati Poly Plast Private Limited’ on July 14, 1999, headquartered in Bihar, specializes in manufacturing flexible packaging materials, catering to various industries including food and beverages, pharmaceuticals, and personal care. The company is promoted by Mr. Balmukund Jhunjhunwala and family, who bring over a decade of experience in the flexible packaging industry. With ISO certification and two manufacturing units in Noida, the company has steadily expanded its capacity and product range since commencing manufacturing operations in 2017.
Key Points:
- Product Range:
- Specializes in flexible packaging materials for food and beverage industries.
- Utilizes materials like polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, and biodegradable films.
- Products include roll form packaging, pouches, coextruded films, and vacuum bags.
- Clientele and Markets:
- Supplies packaging materials to major clients like Pidilite, Adani Wilmar, JVL, and others.
- More than 50% of revenue from top 10 customers, including DFM Foods Limited, Osho Trade Services LLP, and Charu Overseas Private Limited.
- Major suppliers include Exxonmobil Chemical Asia Pacific Pte Ltd, Dow Chemical International Pvt Ltd, and Uflex Limited.
- Product Applications:
- Roll Form Packaging: Used in high-volume packaging for food and beverages, pharmaceuticals, personal care, and agricultural products.
- Vacuum Bags: Used for packaging edible products like nuts and pulses, enhancing shelf life and quality.
- Sustainability Initiatives:
- Focuses on “Reuse, Recycle, and Upcycle” principles.
- Recycles waste generated during production into low-grade recycled plastic material, which is sold in the market.
Objects of the Issue
- Working Capital Requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Jul - 16 Jul 2024 |
| IPO Price Band | ₹ 123 - 130 per share |
| Fresh Issue | 13,35,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 17.36 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Jul 2024 |
| IPO Closing Date | 16 Jul 2024 |
| Basis Of Allotment | 18 Jul 2024 |
| Refunds | 19 Jul 2024 |
| Demat Transfer | 19 Jul 2024 |
| IPO Listing Date | 22 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 125.92 | 175.22 | 190.97 | 179.41 |
| Total Expenses | 126.22 | 175.07 | 187.03 | 175.23 |
| Net Profit/Loss | -0.18 | 0.28 | 3.09 | 3.29 |
| NPM (*) | -0.15 | 0.16 | 1.62 | 1.83 |
| Total Assets | 37.63 | 35.79 | 41.94 | 56.38 |
| Total Liabilities | 37.02 | 34.90 | 37.96 | 44.07 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -17.25 | 26.53 | 290.31 | 9.70 |
| ROE (%) | -18.95 | 37.83 | 127.02 | 40.38 |
| ROCE (%) | 4.60 | 9.21 | 22.63 | 20.45 |
| D/E Ratio | 42.92 | 26.58 | 6.62 | 1.82 |
| Current Ratio | 1.50 | 1.14 | 1.35 | 1.53 |
| EBITDA MARGIN (%) | 3.23 | 2.92 | 4.59 | 5.17 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Sati Poly Plast Limited | 179.35 | 13.40 | 9.70 | 26.71 | 36.29 |
| Sabar Flex India Limited | 126.17 | 7.50 | 2.64 | 13.36 | 18.99 |
| Uma Converter Limited | 181.02 | 11.81 | 2.07 | 5.78 | 35.74 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 146 |
| Non-Institutional Investor (NII/HNI) | 569.52 |
| Retail Individual Investor (RII) | 670.62 |
| Total | 499.13 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- MR. BALMUKUND JHUNJHUNWALA
- MRS. ANITA JHUNJHUNWALA
- MR. ADITYA JHUNJHUNWALA
- MR. KESHAV JHUNJHUNWALA
- M/S BALMUKUND JHUNJHUNWALA HUF
Lead Managers
- Beeline Capital Advisors Private Limited
Company Address
Sati Poly Plast Limited
D.N. Singh Road, Bhagalpur 812 002, Bihar, India
Phone: +91 98181 04164
Email: satipolyplast1@gmail.com
Website: www.satipolyplast.in
FAQs
- What is the issue size of the Sati Poly Plast SME IPO?The Sati Poly Plast SME IPO has an issue size of Approx ₹ 17.36 crore. This includes a fresh issue of 13,35,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Sati Poly Plast IPO?The price band for the Sati Poly Plast IPO is ₹ 123 - 130 per share.
- What are the bidding dates for the Sati Poly Plast IPO?The Sati Poly Plast IPO will open for bidding on 12 Jul 2024 and close on 16 Jul 2024.
- What is the allotment date for the Sati Poly Plast IPO?The allotment date for the Sati Poly Plast IPO is 18 Jul 2024.
- What is the listing date for the Sati Poly Plast IPO?The listing date for the Sati Poly Plast IPO is 22 Jul 2024.
- What is the Sati Poly Plast IPO grey market premium?The grey market premium (GMP) for the Sati Poly Plast IPO is currently at ₹140, with an expected listing gain of approximately 107.69%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.