Sah Polymers’ preliminary public providing to lift as much as Rs 66 crore was subscribed over 16 occasions to this point on (*16*), the third and remaining day of the bidding course of. At 3:30 pm, the preliminary public providing of Rajasthan-based Sah Polymers, a bulk packaging options supplier, acquired presents for 9.2 crore shares towards the 5.6 crore shares on supply.
Sah Polymers’ preliminary public providing noticed a robust response from particular person retail and non-institutional or excessive-internet-value traders.
Sah Polymers IPO Last Day Subscription Status
|Qualified Institutional Investor||2.2x||75%|
At least 75 % of Sah Polymers issuance is reserved for certified institutional traders (QIB), 15 % for non-institutional traders (NIIS) and the remaining 10 % for retail traders.
Potential traders can bid for Sah Polymers shares in a worth vary of Rs 61 to Rs 65 every in multiples of 230 underneath the preliminary public providing, the providing of which can finish at 5pm later the identical day. This interprets to Rs 14,030-14,950 per lot.
Sah Polymers shares are more likely to debut on the BSE and NSE on January 12.
Should I bid for Sah Polymers shares within the preliminary public providing?
Marwadi Financial Services recommends signing up for the preliminary public providing.
Sah Polymers has a diversified product portfolio with a consumer base unfold throughout geographies and industries, in accordance with the brokerage.
The preliminary public providing is accessible at an inexpensive valuation given its progress potential, Marwadi Financial mentioned in a analysis report.
Sah Polymers is engaged within the manufacturing and advertising and marketing of excessive-density polyethylene and polypropylene versatile intermediate bulk container (FIBC) luggage, woven sacks, and cloth-based mostly merchandise.
Founded in 1992, the corporate supplies customized bulk packaging options to B2B producers serving a variety of industries together with cement, chemical substances, meals and textiles.
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[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]