Sah Polymers listed at 30% premium over issue price

12 Jan 2023 , 10:09 AM

Sah Polymers, a bulk packaging solutions provider has made a strong debut on D-Street. The company listed at 30.76% premium over the issue price of Rs 65. The company listed at Rs 85 on NSE and BSE.

The company has sold its shares between December 30 to January 04 at the price range of Rs 61-65 apiece, in a lot size of 230 shares.

The issue was subscribed 17.46 times overall in which retail portion was subscribed 39.78 times. The portion for non-institutional investors fetched 33.94 times bids, and the allocation for qualified institutional bidders was booked 2.40 times.

As per the offer document, Sah Polymers has a presence in 5 states and 1 union territory for their domestic market, based on sales made in 1QFY23 and FY22. Globally, the company export their products to 14 countries including the US, Algeria, Ghana, UK and Australia.