Sati Poly Plast Limited is launching an Initial Public Offering (IPO) through a book-built issue, aiming to raise ₹0.13 crores. The entire issue consists of 13.35 lakh fresh shares. The subscription window for the Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024. The allotment process is expected to conclude on Thursday, July 18, 2024. The company’s shares will be listed on the NSE SME platform, with a tentative listing date set for Monday, July 22, 2024.
The price band for the Sati Poly Plast IPO is ₹123 to ₹130 per share. Retail investors can apply for a minimum of 1000 shares, requiring an investment of ₹130,000. High Net Worth Individuals (HNIs) have a minimum investment size of 2 lots (equivalent to 2000 shares), totaling ₹260,000.
Sati Poly Plast Limited specializes in manufacturing multifunctional flexible packaging materials, catering to diverse industries. The company operates two manufacturing units, with Plant 1 located in Gautam Budh Nagar, Noida, capable of producing 540 tons per month.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Sati Poly Plast IPO, while Link Intime India Private Ltd is the registrar for the issue.
Sati Poly Plast IPO Details:
| Company Name | Sati Poly Plast |
| Sector | Solar Energy |
| IPO Type | SME |
| IPO Open date | 12th July 2024 |
| IPO Close date | 16th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Sati Poly Plast IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,30,000 |
| HNI (Min) | 2 | 2000 | 2,60,000 |
Sati Poly Plast IPO Timeline:
| IPO Open Date | 12th July 2024 |
| IPO Close Date | 16th July 2024 |
| Basis of Allotment | 18th July 2024 |
| Refund Initiation Date | 19th July 2024 |
| Shares Credit to Demat | 19th July 2024 |
| Listing Date | 22nd July 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
