Sati Poly Plast’s IPO opens on July 12

Mumbai: Sati Poly Plast Ltd is a company engaged in the manufacturing of flexible packaging material has announced that its IPO will open through 12 -16 July. The firm had filed the Red Herring Prospectus with NSE Emerge for raising funds through public offer. The issue comprises of fresh equity shares of up to 13,35,000. With a price band of Rs123-130 with a face value of Rs10 each.

The combined IPO size is Rs17.36 crore (at upper price band). The company plans to allocate the net proceeds from the issue to meet working capital requirements and for general corporate purpose. The lot size is 1000 and 6,32,000 Equity Shares (Including Anchor Quota) are reserved for QIB quota HNI Quota has 1,90,000 shares and 4,43,000 equity shares are for retail investors.