Price band
₹ 123 to 130 per equity share
Opens On: 12 July 2024
Closes On: 16 July 2024
₹ 123 to 130 per equity share
1000 shares and in multiples thereof
| Issue size | 17.36 |
| Price band | ₹ 123 to 130 per equity share |
| Bid lot | 1000 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 3.29 Cr |
| HNI - Rs. 2.47 Cr | |
| RET - Rs. 5.76 Cr | |
| Registrar | Link intime India Pvt. Ltd. |
| Listing at | NSE |
Sati Poly Plast Ltd 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.
They provide end-to-end solution for various flexible packaging needs. Till year 2015, their company was engaged in the business of trading of flexible packaging material. From 2017, the company commenced the manufacturing of flexible packaging material. The company has set up two manufacturing units, of which “Plant 1” is situated at C44, Phase II, Gautam Budh Nagar – Noida-201305 with an installed capacity of 540 tones per month and “Plant 2” is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 540 tones per month. The company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019.
Their range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. They utilise the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that they are renowned for. Their products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, they aim to manufacture their products sustainably by aiming towards “Reuse, Recycle and Upcycle”. One of the key ways they achieve this is by recycling the waste generated in their flexible packaging production process. This waste is processed and transformed into recycled plastic material, which they do not use in their production process due to low grade quality of recycled plastic material and therefore they sold recycled plastic material in the market for use in various applications.
They stringently maintain the processes and accreditation required to ensure the quality needs of the customers they supply in the food and beverages. They have also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently they are working with Pidilite, Adani Wilmar, JVL and have also started vacuum bags for cashews. They are supplying packaging material to Pidilite, Adani Wilmar and JVL as per their usage requirements.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
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