Sah Polymers IPO - Leading Manufacturer Of PP Woven Fabrics In India: Reliance Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities' IPO Report.Sah Polymers Ltd. is primarily engaged in manufacturing and selling of polypropylene/ high density polyethylene FIBC bags, woven sacks and HDPE/PP woven fabrics-based products of different weight, sizes and colours as per customers specifications. Presently, the company has one manufacturing facility with installed production capacity of 3960 million tonnes per annum located at Udaipur, Rajasthan. The company has two business divisions: domestic sales and exports. It offers customized bulk packaging solutions to business-to-business manufacturers, catering to different industries such as agro pesticides, basic drug, cement, chemical, fertiliser, food products, textile, ceramic and steel. Sah Polymers is a del credere associate cum consignment stockist of Indian Oil Corporation Ltd. and operates as dealer operated polymer warehouse of IOCL for their polymer division. During FY20-22, its revenue and profit after tax clocked compound annual growth rate of 28% and 284% respectively, while Ebitda margin increased from 3.7% in FY20 to 8.7% in FY22.Sah Polymers is coming up with an initial public offering comprising of fresh issues of ~10.2 million shares, aggregating to Rs 663 million. The company will utilise the funds for setting up its new manufacturing facility, repayment of borrowings, funding capex requirements and general corporate purposes..Click on the attachment to read the full IPO report:.Sah Polymers Ltd. IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sah Polymers IPO - Leading Manufacturer Of PP Woven Fabrics In India: Reliance Securities

The company is coming up with an IPO comprising of fresh issues of ~10.2 million shares, aggregating to Rs 663 million.

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