Sati Poly Plast IPO: Check Subscription Status, GMP Today
Sati Poly Plast Limited’s initial public offering (IPO), which commenced on July 12, has garnered significant interest from investors. IPOs play an important role in the stock market since they provide financing to firms while also allowing investors to participate in the company’s growth. Let’s look at the Sati Poly Plast IPO, including its subscription status and current grey market premium (GMP).
Details of Sati Poly Plast IPO
Sati Poly Plast Limited’s IPO, which began for public subscription on July 12, has already gotten a strong reaction. As of 10:27 am on the first day of bidding, the ₹52.56 crore IPO was subscribed 2.64 times, with bids for 23,42,000 shares compared to the 8,86,000 shares on offer.
IPO Price Bands and Minimum Investment
Sati Poly Plast’s IPO is priced between ₹123 and ₹130 per share. Investors must apply for at least 1,000 equity shares, and in multiples thereof. The minimum investment for retail investors is ₹1,30,000, calculated as 1,000 (lot size) x ₹130 (highest price range).
IPO Allotment and Listing Dates
Sati Poly Plast’s IPO allotment is expected to be concluded on July 18, with a listing on the NSE SME anticipated for July 22. The IPO will close on July 16, providing investors a limited opportunity to participate.
Grey Market Premium (GMP).
Sati Poly Plast Ltd’s unlisted shares are selling at a ₹70 premium in the gray market, as reported by market experts. The ₹70 gray market premium indicates a 53.85% estimated listing gain for the public issuance. GMP measures investors’ willingness to pay more than the issue price, reflecting market sentiment.
Overview of Sati Poly Plast Ltd.
Sati Poly Plast Limited, founded in July 1999, specializes in creating multipurpose flexible packaging materials for a variety of sectors. The company has two manufacturing units in Noida, with a total production capacity of 1,080 tons per month.
In the fiscal year 2023-24, Sati Poly Plast Limited experienced a 6.05% decline in revenue. However, the company’s profit after tax (PAT) saw a growth of 6.39%. These financial results highlight the company’s strength and its capacity to grow despite challenging market conditions.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the Sati Poly Plast IPO, monitoring the process and ensuring its seamless implementation. The registrar, Link Intime India Private Ltd, is in charge of allotment management and administrative activities. Spread X Securities will serve as market maker for the IPO.
IPO’s Impact on the Market and Investors
The Sati Poly Plast IPO allows investors to benefit from the company’s future growth. With a substantial GMP, market expectations are high, implying possible rewards for early investors.
Conclusion
The Sati Poly Plast IPO is attracting a lot of interest among investors, given to its high subscription numbers and favorable GMP. As the allotment and listing dates approach, investors should monitor events to make informed decisions.
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