Sah Polymers announces launch of initial public offering
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Sah Polymers Ltd. has announced public offering of 10123200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share. The gross proceeds of the issue are expected to be Rs 6,580.08 lakhs. The company's initial public offer (IPO) will open on 30 December 2022 and is expected to close on 04 January 2023, subject to customary closing conditions.
The price band of the issue has been fixed at Rs 61.00-65.00 per share. The IPO includes a fresh Issue of 10123200 Equity Shares of the Company at an price of Rs 65.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 230 shares with bids in multiples of 230. Sah Polymers Ltd. anticipates using the proceeds of the issue for . Pantomath Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.
