Business Standard

Sati Poly Plast Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

17.36 cr

Price Range (₹)

130

Lot Size

1000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

12-Jul-2024

Close Date

16-Jul-2024

Listing Date

22-Jul-2024

Sati Poly Plast Ltd News

    Sati Poly Plast Ltd IPO Details

    Initial public issue of 1335000 equity shares of face value of Rs. 10/- each of Sati Poly Plast Limited (SPPL or the Company or the Issuer) for cash at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share (the Issue Price) aggregating to Rs. 17.36 crores (The Issue), of which 70000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share aggregating to Rs. 0.91 crores was reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 1265000 equity shares of face value of Rs. 10/- each at a price of Rs. 130/- per equity share including a share premium of Rs. 120/- per equity share aggregating to Rs. 16.45 crores is herein after referred to as the Net Issue. The issue and the net issue constituted 26.99% and 25.57% respectively, of the post issue paid up equity share capital of the company.

    Objective of issue

    Working Capital Requirements. General Corporate Purposes.

    Sati Poly Plast Ltd Contact Details

    Sati Poly Plast Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - satipolyplast1@gmail.com

    Website - www.satipolyplast.in