Sati Poly Plast stock debuts at 90% premium on NSE SME platform
Sati Poly Plast listed on the NSE SME platform with a premium of 90% on Monday. The stock debuted at Rs 247 as against an issue price of Rs 130 per share.
Ahead of the listing, the company's shares traded with a premium of Rs 140 in the unlisted market.
The IPO, which was completely a fresh equity sale of 13.35 lakh shares, was booked over 400 times at close, driven by healthy response from retail investors.
The company is engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries.
It provides end-to-end solutions for various flexible packaging needs. Until 2015, it was engaged in the business of trading of flexible packaging material.
From 2017, the company commenced the manufacturing of flexible packaging material and set up two manufacturing units. It has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019.
The range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. We utilise the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that we are renowned for.
The products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented
