Sati Poly Plast Limited

About the company

## **About Sati Poly Plast Limited** Founded in 1999, Sati Poly Plast Limited specializes in manufacturing versatile flexible packaging materials that cater to various industry needs. The company provides comprehensive packaging solutions and has evolved significantly over the years. Initially involved in trading flexible packaging materials until 2015, Sati Poly Plast began its own manufacturing operations in 2017. Sati Poly Plast operates two state-of-the-art manufacturing units located in Noida, with a combined installed capacity of 540 tonnes per month. The company has shown consistent growth, increasing its capacity from 250 tonnes per month to 400 tonnes per month in 2018, and further to 500 tonnes per month in 2019. The company offers a wide array of packaging solutions for the food and beverage industry, including packaging for salty snacks, snack bars, dry fruits, confectionery, and dry foods. Utilizing advanced equipment, Sati Poly Plast ensures high-quality products, process efficiency, and superior service. Their products are made from a range of industry-approved materials such as polyethylene terephthalate, biaxially oriented polypropylene, polythene, cast polypropylene, foil, paper, and biodegradable films. Recognizing the environmental impact of plastic, Sati Poly Plast is committed to sustainable manufacturing practices, focusing on "Reuse, Recycle, and Upcycle." They have also installed automated machines with auto gauge control, minimizing gauge variation, especially for the edible oil industry. Sati Poly Plast works with notable companies like Pidilite, Adani Wilmar, and JVL, and has recently started producing vacuum bags for cashews. Vacuum bags, made from materials that can withstand vacuum sealing, are used for packaging nuts, pulses, and other edible products. This packaging method prevents oxidation and moisture absorption, keeping products fresher for longer. Flexible packaging, made from non-rigid materials like plastic, paper, or aluminum foil, is ideal for creating pouches, bags, and other pliable containers. This type of packaging is particularly beneficial for the food and beverage, personal care, and pharmaceutical industries due to its versatility, lightweight nature, and protective barrier properties. It is also more sustainable than rigid packaging, requiring fewer resources to produce and transport. In addition to serving the domestic market, Sati Poly Plast exports its products to Nepal, expanding its reach and showcasing its commitment to quality and sustainability on an international scale. As Sati Poly Plast Limited prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Working Capital Requirements 1. General Corporate Purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   12 Jul 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Jul 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   14 Jul 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   19 Jul 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   18 Jul 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   22 Jul 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.