Sah Polymers’ initial public offering saw a strong response from individual retail and non-institutional or high-net-worth investors.

Sah Polymers IPO Last Day Subscription Status

At least 75 percent of Sah Polymers issuance is reserved for qualified institutional investors (QIB), 15 percent for non-institutional investors (NIIS) and the remaining 10 percent for retail investors.

Potential investors can bid for Sah Polymers Shares in a price range of Rs 61 to Rs 65 each in multiples of 230 under the initial public offering, the offering of which will end at 5pm later the same day. This translates to Rs 14,030-14,950 per lot.

Sah Polymers shares are likely to debut on the BSE and NSE on January 12.

Should I bid for Sah Polymers shares in the initial public offering?

Marwadi Financial Services recommends signing up for the initial public offering.

Sah Polymers has a diversified product portfolio with a client base spread across geographies and industries, according to the brokerage.

The initial public offering is available at a reasonable valuation given its growth potential, Marwadi Financial said in a research report.

Sah Polymers is engaged in the manufacturing and marketing of high-density polyethylene and polypropylene flexible intermediate bulk container (FIBC) bags, woven sacks, and fabric-based products.

Founded in 1992, the company provides custom bulk packaging solutions to B2B manufacturers serving a wide range of industries including cement, chemicals, food and textiles.

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