July 16, 2024
New Delhi, India
Sati Poly Plast IPO
The Sati Poly Plast IPO has received an overwhelming response from investors, with subscriptions reaching 194.03 times by the final day of bidding. Here’s a comprehensive guide to the subscription details, Grey Market Premium (GMP), allotment date, listing date, and more.
Key Highlights:
- IPO Subscription: The Sati Poly Plast IPO, which opened for public subscription on July 12 and closes today, July 16, received 194.03 times subscription as of 11:12 AM on the final day. The IPO saw bids for 17,19,10,000 shares against an offer of 8,86,000 shares.
- Price Band: The IPO price band is fixed at Rs 123 to Rs 130 per share.
- Grey Market Premium (GMP): As of today, the GMP stands at Rs 125, indicating a 96.15% expected listing gain from the public issue.
Subscription Breakdown:
- Retail Investors: Subscribed 311.72 times
- Non-Institutional Investors: Subscribed 173.92 times
- Qualified Institutional Buyers (QIBs): Subscribed 3.06 times
Minimum Investment:
- Lot Size: Investors must apply for a minimum of 1,000 equity shares.
- Retail Investment Amount: The minimum investment for retail investors is Rs 1,30,000 (1,000 shares x Rs 130 upper price band).
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Allotment and Listing Dates:
- Allotment Finalization: The IPO allotment is expected to be finalized on July 18, 2024.
- Listing Date: The shares will be listed on the NSE SME on July 22, 2024.
Sati Poly Plast IPO GMP Today:
- Current GMP: Rs 125, up from Rs 105 recorded on Monday. The GMP indicates strong investor sentiment and a readiness to pay a premium over the issue price.
Company Background:
Sati Poly Plast Limited, incorporated in July 1999, specializes in manufacturing multifunctional flexible packaging materials for various industries. The company operates two manufacturing units:
- Plant 1: Located in Gautam Budh Nagar, Noida, with a production capacity of 540 tons per month.
- Plant 2: Situated in Udhyog Kendra, Noida, also with an installed capacity of 540 tons per month.
During the financial year 2023-24, Sati Poly Plast’s revenue fell by 6.05%, while its profit after tax (PAT) increased by 6.39%.
Lead Manager and Registrar:
- Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Market Maker: Spread X Securities
How to Check IPO Allotment Status:
To check the allotment status of the Sati Poly Plast IPO, visit the official website of the registrar (Link Intime India) or the NSE website. Follow these steps:
- Visit Link Intime Website:
- Go to the direct Link Intime link: Link Intime IPO Status
- Select Sati Poly Plast IPO:
- Click on ‘Sati Poly Plast IPO’ from the dropdown menu.
- Enter Details:
- Enter your IPO application number, PAN, or DP/Client ID.
- Submit:
- Click the ‘Submit’ button to view your allotment status.
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Bottom Line:
The Sati Poly Plast IPO has generated significant interest from investors, evident from its high subscription rate and strong GMP. As the allotment date approaches, investors are keenly watching for the final outcome and subsequent listing on the NSE SME.
Currency Market Update July 16, 2024
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
