Sah Polymers IPO subscribed 17.31 times on the final day

4 Jan 2023 , 04:40 AM

The initial public offer (IPO) of Sah Polymers has received healthy subscription on the final day of the offer. The IPO was subscribed 17.31 times at 04:40 PM. The company is selling its shares in the range of Rs 61-65 apiece between December 30 to January 4. It is entirely a fresh issue of 56,10,000 shares.

The quota for retailers was subscribed 39.06 times whereas the portion for non-institutional investors fetched 32.64 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.

The company’s shares are expected to list on the leading stock exchanges BSE and NSE next week on Thursday, January 12, 2023.