Sah Polymers shares list at 30% premium over issue price

Trending 10 months ago

Sah Polymers' shares made a beardown debut astatine the bourses connected Monday arsenic the scrip got listed astatine a stellar premium of 31 per cent astatine Rs 85 connected some BSE and National Stock Exchange, implicit its contented terms of Rs 65 apiece.

Sah Polymers debut delivered a better-than-expected listing popular to the investors arsenic the institution arsenic was commanding a grey marketplace premium of Rs 10 per stock a time up of its listing.

Sah Polymers raised Rs 66.30 crore via its archetypal nationalist offering (IPO), which ran from December 30, 2022, to January 4, 2023. The institution sold its shares successful the scope of Rs 61-65 apiece and was subscribed a coagulated 17.46 times.

The quota reserved for retail bidders was booked 39.78 times successful the four-day bidding process. The quota reserved for non-institutional buyers was subscribed 32.69 times. The quota reserved for organization bidders saw 2.4 times bidding.

The marketplace for polymers is anticipated to scope $790 cardinal by 2027, expanding astatine a CAGR of 5.5 per cent from 2022 to 2027.  Sah Polymers is simply a shaper and seller of Polypropylene/High-Density Polyethylene FIBC Bags, Woven Sacks, HDPE/PP Woven Fabrics, and Woven polymers.

Sah Polymers connection customised bulk packaging solutions to business-to-business (B2B) manufacturers catering to antithetic industries specified arsenic agro pesticides, basal drug, cement, chemicals, fertilizers, nutrient processing, textiles among others. The marketplace for polymers is anticipated to scope $790 cardinal by 2027, expanding astatine a CAGR of 5.5 per cent.

The institution has a beingness successful six states and 1 national territory for the home marketplace and six regions internationally including Africa, the Middle East, Europe, the USA, Australia and the Caribbean.

Sah Polymers has 1 manufacturing installation with an installed accumulation capableness of 3,960 metric tonnes per annum (mpta) located astatine Udaipur, Rajasthan.

Also Read: Route Mobile shares rally 5% connected bagging declaration from Sri Lanka-based MNO. Full details

Source Businesstoday