Sati Poly Plast SME IPO Details, Financials, Valuation & Peers

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.