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Sati Poly IPO
Sati Poly Plast Ltd
₹1,23,000 /1000 sharesMinimum Investment
Sati Poly IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Jul ‘24 - 16 Jul ‘24 | ₹1,23,000 | 1,000 | ₹123 - ₹130 |
| Issue Size | IPO Doc |
|---|---|
| 17.36Cr | RHP PDF |
About Sati Poly
Founded in
1999
Managing director
Mr. Balmukund Jhunjhunwala
Parent organisation
Sati Poly Plast Ltd
Strengths & Financials of Sati Poly
Strengths
Risks
Sati Poly Plast holds ISO 9001:2015 certification for quality, ISO 22000:2018 for food safety management, and ISO 45001:2018 for occupational health and safety management.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). The former grew from Rs 125.76 crore in FY21 to Rs 175.16 crore in FY22 and to Rs 190.92 crore in FY23. In PAT, the company swung from a loss of Rs 0.18 crore in FY21 to a profit of Rs 0.28 crore in FY22 and further to Rs 3.09 crore in FY23.
The company’s facilities are equipped to handle end-to-end manufacturing processes, from product design to the production of finished goods.
The company is currently working with big names like Pidilite and Adani Wilmar.
The state of Uttar Pradesh accounts for a significant portion of Sati Poly Plast's revenue. Any developments that could negatively impact the business environment in this region could hurt the company's business.
The company's top 10 customers contributed 70.36%, 80.05%, 71.15%, and 70.80% of total revenue for the period ending September 30, 2023, and the financial years ending March 31, 2023, 2022, and 2021, respectively. The loss of any of these major customers could significantly impact the company’s revenue and profitability.
The company has certain contingent liabilities that are not accounted for in its financial statements. If these liabilities materialise, they could adversely affect the company's financial condition.
Sati Poly Plast has unsecured loans repayable on demand, amounting to Rs 13.85 crore as of September 30, 2023. Any inability to service or repay this debt could adversely impact the company's cash flow.
As of September 30, 2023, Sati Poly Plast's total debt, including short-term and long-term borrowings, amounted to Rs 24.14 crore. Any inability to service or repay this debt could have significant consequences for the company's financial stability.
Sati Poly Financials
*All values are in Rs. Cr
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Application Details of Sati Poly IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹123 - 130 | ₹2 - 5 Lakh |
| High Networth Individual | ₹123 - 130 | ₹2 - 5 Lakh |
For Sati Poly IPO, eligible investors can apply as Regular.