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Sah Polymers IPO Promoters
SAT INDUSTRIES LIMITED

Sah Polymers IPO Company Details

Sah Polymers is an ISO 9001:2015 certified company, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) FIBC Bags, Woven Sacks, HDPE/PP woven fabrics, woven polymer based products of different weight, sizes and colours as per customers specifications. It offers customised bulk packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as Agro Pesticides Industry, Basic Drug Industry, Cement Industry, Chemical Industry, Fertilizer Industry, Food Products Industry, Textile Industry Ceramic Industry and Steel Industry. Besides, our Company is a Del Credere Associate cum Consignment Stockist (DCA/ CS) of Indian Oil Corporation Limited and also operates as Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. It enters into arrangements as third-party manufacturers to manufacture its tape and fabric based on customers’ requirements.
The company has two business divisions (i) domestic sales; and (ii) exports.

It has presence in 6 states and 1 union territory for our domestic market based on sales made for the nine month ended December 31, 2021 and FY 2021, respectively. Internationally it supplies products in 6 regions such as Africa, Middle East, Europe, USA, Australia, Caribbean based on sales made for the nine month ended December 31, 2021 and during FY 2021. For the nine months ended December 31, 2021 and for Fiscals 2021, 2020 and 2019 our revenue from exports was Rs. 1938.39 lakhs, Rs. 2419.86 lakhs, Rs. 2491.88 lakhs and Rs. 2396.46 lakhs contributed 35.89%, 43.94%, 50.75%, and 53.04% respectively of its revenue from operations.
Presently, it has one manufacturing facility with installed production capacity of 3960 m.t. p.a. located at
Udaipur, Rajasthan. Over the years, it has made investments, from time to time, in its manufacturing
infrastructure to support its product portfolio requirements and its reach. Furthermore, in line with its strategic expansion plans, it intends to use part of its Net Proceeds to establish a new facility with an additional installed capacity of 3960 m.t p.a. to manufacture different variants of FIBC products.

For more information, click www.sskl.co.in

Objects of the IPO
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
1. Setting up of a new manufacturing facility to manufacture new variant of Flexible Intermediate Bulk
Containers
2. Repayment/ Prepayment of certain secured and unsecured borrowings in full or part availed by the Company and its Subsidiary Company
3. Funding the working capital requirements of the Company

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