Sah Polymers subscribed 1.81 times on day 2 so far

2 Jan 2023 , 03:54 PM

The initial public offer of Sah polymers has fully subscribed on the day 2 of the offer. The issue has received bids for 1,01,65,540 equity shares against 56,10,000 shares on the offer, i.e., 1.81 times at 3:48 PM on January 02.

The portion set aside for retail investors and high networth individuals were fully booked on first day itself. Retail investors subscribed 6.07 times the allotted quota, while HNIs quota fetched 1.82 times bids. While the portion reserved for qualified institutional buyers was subscribed 0.39 times

Ahead of the IPO, the company has also raised Rs 30 crore from anchor investors.

Sah Polymers is primarily engaged in manufacturing polypropylene (PP)/high-density polyethylene (HDPE) FIBC bags, woven sacks, HDPE/PP woven fabrics and woven polymer.