Sah Polymers files draft papers for IPO in SEBI
The IPO comprises a new issue of 1.02 crore shares and ₹ 8.45 crore from the proceeds will be utilized for setting up a facility to manufacture new variant of flexible intermediate bulk containers (FIBC).
The company will also utilize the IPO funds to repay debts (₹ 16.66 crore), fulfil its working capital necessities (₹ 14.96 crore) and general corporate purposes.
Sah Polymers is primarily engaged in manufacturing and selling polypropylene (PP) and high density polyethylene (HDPE) FIBC bags, woven sacks, HDPE/PP woven fabrics, and woven polymer based products.
The company also offers customised bulk packaging solutions to business-to-business (B2B) manufacturers catering to industries such as agro pesticides, basic drug, cement, chemical, fertiliser, food products, textile, ceramic and steel.
Presently, it has one facility of 3,960 million tonnes per annum capacity at Udaipur, and a presence in 6 states and 1 union territory. On the exports front, it supplies products in 6 regions including Africa, Middle East, Europe, US, and Australia.
About Sah Polymers
Sah Polymers Limited is one of the pioneers in the manufacturing and exporting of Polypropylene (PP)/ High Density Polyethylene (HDPE) Woven Bags, BOPP Laminated Bags and Flexible Intermediate Bulk Containers (FIBCs) in India. We have been in this business for over 25 years.
This journey, governed by the principles of quality and customer service, has been remarkable in terms of the range of products we’ve made and the quality we’ve delivered.
These accomplishments have been results of great hard work and dedication of the entire team and the state-of-the-art infrastructure along with persistent technical skill upgradations. It is the sheer strive for quality excellence that has been the main reason behind our long-term association with our customers.
This challenging voyage, we have acquired confidence and trust of the customers through supply of industry specific products at competitive prices with uncompromised quality and well-timed deliveries.
Source: Money Control
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