Let’s start with Sati Poly Plast Limited IPO so, Sati Poly Plast Limited is based in Ahmedabad India (July 1999), Sati Poly Plast Limited is a manufacturer of versatile flexible packaging materials catering to the needs for packing by various industries.
The company invested two manufacturing plants. The Plant 1 located at Gautam Budh Nagar, Noida has a capacity of Namkeen processing plant upto500 – 540 tons per month. Plant 2 located in Udhyog Kendra Noida, with an installed capacity of 540 tons/month.
Olecra has increased its installed capacity of 250 tonnes per month in 2018 to further increase it with the addition of new machinery, netting up tp five hundred tones by June – July.
The company sources its packaging material from states like Assam, Bihar, Chhattisgarh etc (Dadra and Nagar Haveli & Daman and Diu – Delhi). Himachal Pradesh, Jammu and Kashmir, Meghalaya, Puducherry Rajasthan.
Tentative Timeline of Sati Poly Plast Limited IPO
Sati Poly Plast IPO opens on July 12, 2024, and closes on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
Promoter Holding of Sati Poly Plast Limited IPO
The promoters of the company are Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala and Balmukund Jhunjhunwala HUF.
| Share Holding Pre Issue | 86.30% |
| Share Holding Post Issue | 63.00% |
Operations & Strategy of Sati Poly Plast Limited IPO
Innovation and quality of products
Sati Polymer Pvt Ltd is one of them who are committed for innovation and quality. The company prides itself on its continual investment in research and development to bring the latest polymers onto the market. The focus on innovation makes Sati Poly Plast stay ahead of the market trends and serve even better to fulfil industry demands.
Operational Efficiency
The company offers high-tech production facilities for the generation of products. This dramatically increased the efficiency of production and led to a very high-quality standard for your products. The business also has strong operating performance and a disciplined cost management, helping the company to a sound profitability.
Market Expansion
Sati Poly Plast robust market expansion strategy The company plans to expand further in current territories, as well exploring opportunities in new markets. With its entrenched brand image and wide distribution network, Sati Poly Plast is uniquely placed to capitalize on a number of growth opportunities across domestic as well as international markets.
Sustainability Initiatives
Sustainability forms the very ethos of Sati Poly Plast This Company follows the strict environmental rules and environment saved way of making all its Instruments. A focus on reducing environmental footprint is apparent in everything the company does, recycling programs to corporate sourcing of renewable energy.
Financial Details of Sati Poly Plast Limited IPO
Sati Poly Plast Limited’s revenue decreased by -6.05% and profit after tax (PAT) raised by 6.39% between the financial year closing with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 5,637.57 | 4,194.08 | 3,578.70 |
| Revenue | 17,940.98 | 19,096.69 | 17,522.39 |
| Profit After Tax | 328.64 | 308.89 | 28.23 |
| Net Worth | 1,230.28 | 397.64 | 88.75 |
| Reserves and Surplus | 869.08 | 291.24 | -17.65 |
| Total Borrowing | 2,520.14 | 2,630.50 | 2,358.89 |
| Amount in ₹ Lakhs | |||
Investment Considerations of Sati Poly Plast Limited IPO
Growth Potential
Sati Poly Plast is in a growing industry with great demand for polymer products. The company is well-placed to leverage in this growth opportunity, evaluating its strategic initiatives and market expansion plans.
Financial Stability
Eminent financials, strong profit margins and judicious debt management make it an attractive buy for investors. Regarding investors with a long-term outlook, financial stability begins to play its part.
Competitive Advantage
Innovation, quality and sustainability being the main focus areas of Sati Poly Plast help it maintain an edge. Investors are looking for how the company can stand out in such a competitive marketplace.
Market Risks
Just like all investments, the IPO comes with an inbuilt risk. Investors should also be cognizant of market volatility, regulatory changes and competitive pressures.
Long-term Vision
The long-term vision of the company and its strategy for growth are important factors in determining this investment attractiveness. Investors need to evaluate if the company’s objectives align with their investment goals.
Conclusion
Sati Poly Plast Limited IPO is a very good investment option, especially for those who want to invest in the shares of large polymer manufacturers. Its competitive position and product innovation combined, with the focus on making sustainable products means that it is one company without truly real peer in its sector. But just like with any investment choice, be sure to do your own research and think about your personal financial timeline and risk tolerance.
The IPO market in India is very dynamic and can throw some great opportunities for an investor. That Sati Poly Plast Limited is going public at this time shows that confidence in the India economy and manufacturing sector continues to grow as more financial opportunities open up for companies from various sectors. If you look into the fundamentals, industry landscape and other considerations investors can take an informative decision for further growth in Sati Poly Plast Limited.
How to Apply Sati Poly Plast IPO through Zerodha?
Applying for Sati Poly Plast IPO if you have a Zerodha accountIf you are an existing customer of Zerodha, and have been trading by using their platform before this announcement was made public? So I am going to walk you through it step by -true.
Step 1: Sign-in with Zerodha Console
Open Zerodha Console in your web-browser:console zerodha. com.
Log In: Where you have to enter your Zerodha credentials (User ID and password) and login for the remainder of the process.
Step 2: Click on the IPO Section
Step 1 : Login to your account Step 2: Click on the Top Menu, Portfolio.
Click on”Select IPO”: You can go to the list of available IPOs by opting for “IPO”.
Step 3: Choose the Sati Poly Plast IPO
In the IPO section click on Find Sati Poly Plast IPO. Search for Sati Poly Plast Limited IPO and click on it.
Click Apply: Click on the ‘Apply’ button next to Sati Poly Plast IPO.
Step 4: Place Your Bid
UPI ID: If you want to bid then make sure your UPI should have some balance for a successful transaction. Make sure that your UPI ID is linked to the bank account and has appropriate balance.
Quantity: Enter the Quantity, The number of shares you want to apply forBid Price:- Enter your Bid price You may also choose the cut-off price to give you favour in allotment.
Click Submit: Now enters your required details, and now click the submit button.
Step 5: Mandate Request Approval
Once you have applied, next is UPI mandateReceive the request in your UPI app (e.g. Google Pay/ PhonePe or BHIM)
Authorize Mandate: Open your UPI app, go to mandate/debiting request and approve it. This action will lock necessary amounts in your bank to apply for the IPO.
Step 6 – Confirmation & Allotment
Track Application Status: You keep an eye on your IPO application under ‘IPO’ menu of Zerodha Console.
Allotment Status: Post allotment date to know whether you have got the shares or not. You can find this information in Zerodha Console or NSE/BSE websites.
Additional Tips
One Application: You can apply for IPO through one Zerodha account only, multiple applications leads to rejection.
UPI ID – Make sure your UPI ID is active and it must point to a bank account having balance equals IPO Application
Watch out for Notifications – Pay close attention to notifications from Zerodha and stock exchange announcements to know the allotment status.