Sah Polymers IPO GMP Today, Lot Size, Share Price, Allotment date

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.

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.

Sah Polymers 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

Share Price of Sah Polymers Ltd

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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