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The IPO of this giant company will open on July 12. Ashirwad packages everything from flour to basmati rice.

Sagar Patel

By Sagar Patel

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July 12 is the approaching IPO of a company that almost every Indian uses in their homes. There is also a high chance that you have used a product manufactured by the company at some point. Because the company’s work ranges from packaging Ashirwad flour to Basmati rice and Bikano namkeen. The name of the company is Sati Poly Plast Limited and its IPO will be launched on July 12 and will close on July 16. The IPO price band of Sati Poly Plast has been fixed between Rs 123 and Rs 130 per share, the face value of which is Rs 10. The floor price is 12.30 times the issue price and the ceiling price is 13.00 times the issue price. The minimum lot size of 1000 shares has been fixed.

These are the full details of the IPO

  • Total equity shares: 13,35,000
  • Price band: Rs 123-130
  • Face value: 10 rupees
  • Lot size: 1000
  • QIB Quota: 6,32,000 equity shares (including anchor quota)
  • HNI Share: 1,90,000 shares
  • Retail Share: 4,43,000 equity shares
  • Market maker quota: 70,000 shares
  • IPO Size: Rs 17.36 crore
  • NSE Stock Index

What does the future of this sector look like?

If we talk about the future of the packaging industry in India, it is quite bright. There is a lot of hope for further growth. According to Invest India report, it will reach $204.81 billion by 2025 and $1.33 trillion by 2028. The growth is estimated to be 26.7% between 2020 and 2025, with laminates and flexible packaging being the fastest growing sectors.

How is the company’s performance?

If we look at the company’s reports for the last three financial years, the company’s total revenue in 2022 was Rs 175.16 crore and net profit was Rs 0.28 crore which increased to Rs 190.92 crore and net profit was Rs 3.08 crore in FY2023. While in FY2024, a slight decline was seen in revenue which stood at Rs 179.35 crore. However, the company’s net profit increased as compared to 2023 and increased to Rs 3.28 crore. The last three years have seen margins of 0.16% in 2022, 1.62% in 2023 and 1.83% in 2024.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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