Sure, here’s a simplified version of the article about Sati Poly Plast IPO:
“Sati Poly Plast Ltd will start selling its shares to the public from Friday, July 12, until Tuesday, July 16. Each share, with a face value of ₹10, will be priced between ₹123 and ₹130. Investors can bid for a minimum of 1000 shares and in multiples thereof.
The IPO allocates 15% of its shares to non-institutional investors, 35% to retail investors, and 50% to qualified institutional buyers (QIBs).
Sati Poly Plast manufactures flexible packaging materials used across various industries. They began producing these materials in 2017, having previously traded in them until 2015. Their top 10 customers contribute more than half of their total revenue.
According to their red herring prospectus (RHP), listed peers include Sabar Flex India Ltd (P/E ratio of 7.50) and Uma Converter Ltd (P/E ratio of 11.81).
From March 31, 2023, to March 31, 2024, Sati Poly Plast’s profit after tax increased by 6.39%, while their revenue declined by -6.05%.
The IPO aims to raise ₹17.36 crore through the issuance of 1,335,000 equity shares at ₹10 each, with no offer-for-sale component. Funds raised will be used for general corporate purposes and working capital needs.
Beeline Capital Advisors Pvt Ltd is the book running lead manager, and Link Intime India Private Ltd is the registrar. Spread X Securities will act as the market maker.
Allocation details will be finalized by Thursday, July 18. Refunds will start processing from Friday, July 19, and shares will be credited to investors’ demat accounts on the same day. Trading of Sati Poly Plast shares on NSE SME is expected to commence on Monday, July 22.”