Amidst Weak Market Sentiments, Sah Polymers 66 cr IPO weaves itself over 17x on Final Day of Bidding
Mumbai, January 04, 2023: Sah Polymers Limited, primarily engaged in
manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene
(HDPE) Flexible Intermediate Bulk Containers (FIBC) Bags, Woven Sacks, HDPE/PP
woven fabrics, woven polymer based products has received bids of 9,79,44,810 shares
against the offered 56,10,000 equity shares for subscription, at a price band
of ₹61-65, according to the data available on the stock exchanges.
Overall
the issue was subscribed 17.46 times on the last day of bidding.
Retail
Portion was subscribed the most with 39.78times followed by Non-Institutional
segment that saw a response of 32.69 times.The reserved portion for qualified
institutional buyer portion saw a subscription of 2.40 times.
Pantomath Capital Advisors Private Limited is the sole book running
lead manager to the issue and Link Intime India Private Limited is
the registrar to the offer. The equity shares are
proposed to be listed on the Main Board of BSE and NSE.
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