Sah Polymers initial public offer (IPO) was opened for subscription on December 30 and will conclude on January 4. The company has set a price range of Rs. 61 to Rs. 65 per share.
As per the BSE Data, the issue was subscribed 0.28 times by 3.30 PM on day 1 of the offer, December 30. The retail category is fully booked with 1.28 times subscription, non-institutional investors bought 0.19 times of the shares allotted while qualified institutional investors portion is not even ticked off.
The company, which has its headquarters in Udaipur, manufactures and sells woven sacks, HDPE/PP woven textiles, woven polymer-based goods, and polypropylene (PP)/high density polyethylene (HDPE) FIBC bags.
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