Read about the Sah Polymers IPO GMP Today, Lot Size, Share Price and Allotment date from this article
People interested in IPOs know that a new IPO has arrived in the market by the name of Sah Polymers IPO, So to get the information, you need to read the article.
Contents
Sah Polymers IPO GMP Today
Sah Polymers is a public limited company that manufactures PP Woven Bags. The Company is located in Udaipur, Rajasthan. Over 25 years, with commanding team efforts and time management, it has spread across different countries worldwide, such as Europe, Africa, the Middle East, Australia, South–East Asia, Caribbean Islands, Latin & Central America, and the USA. Due to its span of expansion, it has captured a massive market in the world and become the leading company of Box Bags worldwide.
Sah Polymers IPO
IPO is an Initial Public Offer, meaning the company will raise money from the public in terms of Shares. Sah Polymers has converted itself from a Private Company into a Public Company. Therefore, many people earn a lot of money from investing it into it via IPO.
Now, if we talk about the Sah Polymers IPO. Before Investing the amount, we should make the financial statements of the company and cash flow statements, etc. first of all, we should look at the balance sheet of the Sah Polymers Ltd :
| PARTICULARS | MAR 2018 | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 |
| Equity and Liabilities | |||||
| Share Capital | 15.60 | 15.60 | 15.60 | 15.60 | 15.60 |
| Total Reserves | 3.01 | 3.38 | 3.68 | 4.49 | 8.27 |
| Borrowings | 0.63 | 0 | 0 | 0.90 | 1.31 |
| Other N/C liabilities | 0.98 | 1.21 | 1.35 | 1.43 | 1.45 |
| Current liabilities | 11.54 | 16.60 | 15.77 | 18.17 | 35.36 |
| Total Liabilities | 31.75 | 36.79 | 36.39 | 40.58 | 61.99 |
| Assets | |||||
| Net Block | 12.49 | 12.63 | 12.74 | 14.24 | 14.40 |
| Capital WIP | 0.03 | 0 | 0 | 0.02 | 6.68 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 5.61 |
| Loans & Advances | 0.63 | 0.06 | 0.09 | 0.58 | 2.07 |
| Other N/C Assets | 0.58 | 0.78 | 0.53 | 0 | 0 |
| Current Assets | 17.02 | 22.31 | 22.03 | 25.73 | 33.23 |
| Total Assets | 31.75 | 36.79 | 36.39 | 40.58 | 61.99 |
NOTE: Along with a view of the balance sheet, we shall also look at the Notes to accounts of the Company, i.e., Sah Polymers Ltd
Secondly, now the candidates have to check the Statement of Profit and Loss account of Sah Polymers Ltd :
| PARTICULARS | MAR 2018 | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 |
| Net Sales | 36.11 | 45.49 | 49.83 | 55.07 | 75.73 |
| Total Expenditure | 33.90 | 42.89 | 47.04 | 51.80 | 69.13 |
| Operating Profit | 2.21 | 2.60 | 2.79 | 3.27 | 6.60 |
| Other Income | 0.24 | 0.12 | 0.08 | 0.27 | 0.74 |
| Interest | 1.29 | 1.26 | 1.59 | 1.12 | 1.37 |
| Depreciation | 0.72 | 0.71 | 0.77 | 0.81 | 0.83 |
| Exceptional Items | -0.19 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0.25 | 0.75 | 0.52 | 1.62 | 5.14 |
| Provision for Tax | -0.02 | 0.38 | 0.22 | 0.35 | 1.12 |
| Net Profit | 0.28 | 0.37 | 0.30 | 1.27 | 4.02 |
| Adjusted EPS (Rs.) | 0.02 | 0.02 | 0.02 | 0.08 | 0.26 |
Lastly, we should look at the Cash Flow Statement of the company of Shah Polymers Ltd :
| PARTICULARS | MAR 2018 | MAR 2019 | MAR 2020 | MAR 2021 | MAR 2022 |
| Profit from operations | 0.25 | 0.75 | 0.52 | 1.62 | 5.14 |
| Adjustment | 1.85 | 1.26 | 1.04 | 1.63 | 1.96 |
| Changes in Assets & Liabilities | -5.59 | 0.80 | -0.15 | -1.76 | -7.84 |
| Tax Paid | -0.02 | -0.08 | -0.17 | -0.10 | -0.30 |
| Operating Cash Flow | -3.51 | 2.73 | 1.24 | 1.39 | -1.04 |
| Investing Cash Flow | 0 | -0.38 | -0.04 | -0.81 | -13.24 |
| Financing Cash Flow | 2.47 | -1.59 | -1.68 | 0.86 | 13.62 |
| Net Cash Flow | -1.04 | 0.76 | -0.48 | 1.44 | -0.66 |
To have more look towards the company’s financials, here is the link for the download of the pdf Financial-21-22 Of Sah Polymers ltd
| Note: The figures which are discussed in the table, are in (crores) |
IPO Details of Sah Polymers Ltd
The details regarding the IPO of Sah Polymers Ltd are explained below in the table-
| Particulars | Details |
| Opening Date | 30-12-2023 |
| Closing Date | 04-01-2023 |
| Face Value | 10 per share |
| Lot Size | 230 Shares |
| Issue Size | 66.3 Crores |
| Price Band | 61-65 |
| Issue Type | Book Built |
Special Types of Shares on which the company has a restriction to issue
There are some categories of shares on which every public company has restrictions to issue not more than the prescribed percentage. So they are as follows-
| Particulars | Details |
| QIB Shares Offered | Not less than 75% of the issue |
| NII(HNI) Shares Offered | Not less than 15% of the issue |
| Retail Shares Offered | Not less than 10% of the issue |
IPO Lots Size of Sah Polymers Ltd
The IPO lots Size of Sah Polymers Ltd are as follows-
| Application | Lots | Shares | Amount (In Rupees) |
| Retail (Min) | 1 | 230 | 14,950 |
| Retail (Max) | 13 | 2990 | 194,350 |
| S-HNI (Min) | 14 | 3,220 | 209,300 |
| B-HNI (Min) | 67 | 15,410 | 1,001,650 |
The normal price, i.e., the Face Value of the Shares of shah polymers Ltd, is Rs 10. Currently, in the Initial Public Offer, The price band( amount is not fixed) amounts to rupees 61-65.
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IPO Allotment Date of Sah Polymers Ltd
The allotment date of the Initial Public Offers on 9 January 2023.
Sah Polymers IPO Timetable 2022
The Sah Polymers IPO Timetable are explained below in the table –
| Particulars | Dates |
| Opening Date | Dec 30, 2022 |
| Closing Date | Jan 4, 2023 |
| Basis of Allotment | Jan 9, 2023 |
| Initiation of Refunds | Jan 10, 2023 |
| The credit of Shares to Demat Form |
Jan 11, 2023 |
| Listing Date | Jan 12, 2023 |
In this article, we have discussed the necessary details on Sah Polymers IPO. We hope that you have received the necessary information from here.
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