Latest News | Sah Polymers IPO Subscribed 86 Per Cent on First Day of Offer
Get latest articles and stories on Latest News at LatestLY. The initial public offer of Sah Polymers was subscribed 86 per cent on the first day of subscription on Friday.
New Delhi, Dec 30 (PTI) The initial public offer of Sah Polymers was subscribed 86 per cent on the first day of subscription on Friday.
The initial share-sale received bids for 48,04,470 shares against 56,10,000 shares on offer, according to data available with the NSE.
The category meant for Retail Individual Investors (RIIs) received subscription for 2.07 times, non-institutional investors was subscribed fully and Qualified Institutional Buyers (QIBs) 38 per cent.
The IPO has a fresh issue of 1.02 crore equity shares. The price range for the offer is Rs 61-65 a share. Pantomath Capital Advisors is the manager to the offer.
The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel.
The equity shares are proposed to be listed on the BSE and NSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)