Sah Polymers IPO gets 17.46 times subscription

Sah Polymers Limited, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) Flexible Intermediate Bulk Containers (FIBC) Bags, Woven Sacks, HDPE/PP woven fabrics, woven polymer based products has received bids of 9,79,44,810 shares against the offered 56,10,000 equity shares for subscription, at a price band of ₹61-65, according to the data available on the stock exchanges.

Overall the issue was subscribed 17.46 times on the last day of bidding.

Retail Portion was subscribed the most with 39.78 times followed by Non-Institutional segment that saw a response of 32.69 times. The reserved portion for qualified institutional buyer portion saw a subscription of 2.40 times.

Pantomath Capital Advisors Private Limited is the sole book running lead manager to the issue and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on the Main Board of BSE and NSE.

Source : Equity Bulls

Keywords

SahPolymers FundRaising IPO Subscription Retail HNI QIB