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What is the business of Sati Poly Plast?

The Company is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. It provides end-to-end solution for various flexible packaging needs. Till year 2015, the company was engaged in the business of trading of flexible packaging material. From 2017, the Company commenced the manufacturing of flexible packaging material. The Company has set up two manufacturing units, of which “Plant 1” is situated at C44, Phase II, Gautam Budh Nagar – Noida-201305 with an installed capacity of 540 tones per month and “Plant 2” is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an
installed capacity of 540 tones per month. The Company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019. Its range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. It utilises the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that it is renowned for. Its products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented
polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since flexible packaging material predominantly consists of plastic as a major raw material, it aims to manufacture its products sustainably by aiming towards “Reuse, Recycle and Upcycle”. One of the keyways we achieve this is by recycling the waste generated in its
flexible packaging production process.

The company has also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently it is working with Pidilite, Adani Wilmar, JVL and have also started vacuum bags for cashews. It is supplying packaging material to Pidilite, Adani Wilmar and JVL as per their usage requirements.
Get more information about the company @ https://www.satipolyplast.in/

Who are the Promoters of Sati Poly Plast IPO?

The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.

What are the Objects of Sati Poly Plast IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

1.Working Capital Requirements .
2.General Corporate Purposes

Sati Poly Plast IPO Review

Sahaj Solar is a Solar Solutions providing company having experience of almost one decade in
majority of the verticals of renewable power generation. It is a manufacturing as well as a service
provider company which gives it an edge in the solar power market. It is engaged in three
businesses of PV Module manufacturing, providing solar pumping systems and providing EPC
Services.

First being PV Module manufacturing, for which the company has a PV module manufacturing plant
having a capacity of 100 MWs at our plant in Bavla, Ahmedabad, Gujarat, India on a land admeasuring
approximately 2,883.77 square metres; having a construction of 2445.5 square metres comprising of
factory as well as office premises enabling the company to deliver quality and affordable solar panels
to its customers.

.Size:  Net size of the IPO is Rs. 49.92 crore, which is somewhat large, compared to other SME IPOs. The retail portion is Rs. 17.47 Crore and NII portion is Rs.7.49 Crore. Because of Solar tag, there are chances of huge oversubscription.
Financial Snapshot: The company has dispalyed exceptionaly sharp rise in its profitability. During the year 2021-22, it has net profit of Rs. 71 lac on total revenue of Rs. 67.29 crore and then in the year 2023-24, it earned net profit of 6.48 crore on total revenue of Rs. 201.72 crore. We are not sure whether, the company can maintain profits at such high ratio in the coming years, when the competition in the solar business is increasing sharply.  Due to sharp increase in the profits, during 2023-24, the valuation seems to be reasonable.
+ from fundamental angle: So-so
+ from grey market angle: Apply.

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Sati Poly Plast IPO GMP today allotment, review?

Sati Poly Plast IPO GMP grey market premium

Sati Poly Plast IPO FAQs

What is Sati Poly Plast IPO?

This is a SME IPO of 1335000 equity shares of the face value of Rs. 10 aggregating up to Rs.17.36 Crores. The issue is priced at Rs.130 per share. The minimum order quantity is 1000 Shares.

When will Sati Poly Plast IPO subscription open?

The IPO opens on July 12, 2024, and closes on July 16, 2024.

What is the lot size of Sati Poly Plast IPO?

The IPO lot size is 1000 Shares, and the minimum amount required is Rs.130000

How to apply for Sati Poly Plast IPO?

You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Sati Poly Plast IPO allotment?

The finalization of Basis of Allotment for this IPO will be done on 18 July, 2024, and the allotted shares will be credited to your demat account by July 19, 2024.

When is Sati Poly Plast IPO listing date?
This IPO listing date is July 22, 2024.