SATI POLY PLAST LIMITED IPO OPENS ON 12th JULY, 2024

Press ReleaseSATI POLY PLAST LIMITED IPO OPENS ON 12th JULY, 2024

Date:

New Delhi: Sati Poly Plast Limited is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. The company provides end-to-end solution for various flexible packaging needs. Sati Poly Plast Limited has filed the Red Herring Prospectus with NSE Emerge for raising funds through public offer. The company will issue fresh equity shares of up to 13,35,000. The IPO is open from 12 -16 July, 2024.

SATI POLY PLAST Limited IPO details:

Total Equity Shares- 13,35,000

Price Band – Rs.123-130

Face Value- Rs.10

Lot Size- 1000

QIB Quota – 6,32,000 Equity Shares

(Including Anchor Quota)

HNI Quota – 1,90,000 Equity Shares

Retail Quota- 4,43,000 Equity Shares

Market Maker Quota – 70,000 Equity Shares

IPO Size – ₹ 17.36 Crs. (at upper price band)

Listing – NSE Emerge

The company plans to allocate the net proceeds from the issue to the following purposes:

  1. Working Capital Requirement
  2. General Corporate Purpose

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