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Sah Polymers IPO Listing: Sah Polymers, a giant plastic sack maker in the country, is going to list its IPO in the market on Thursday (January 12, 2023). At the same time, this company has got a good response in the gray market. The issue is currently trading at a premium of Rs.10 in the gray market. Means investors are expected to get more than 15 percent profit. Know what market experts have to say about this. How much profit is this company going to give to its investors?
What is the opinion of experts
According to media reports, if market experts are to be believed, then those who have placed their bets in this IPO are expected to get a profit of 10 per cent on the listing on January 12. Experts have said in their opinion that this issue will get a good response from the investors. Although the valuation of this issue is definitely expensive.
$790 billion market estimate
As per reports, Santosh Meena, Head of Research, Swastika Investmart says that with good subscription rate and prevailing gray market premium, Sah Polymers is expected to have a positive listing. However, it depends on a limited number of customers, and the issue size is also small. He added that the market for polymers is estimated to reach $790 billion by 2027, growing at a CAGR of 5.5 percent from 2022 to 2027.
Positive environment in gray market
There has been a positive atmosphere regarding the listing of IPOs in the same gray market. The issue is trading at a premium of Rs.10 in the gray market. That is, investors are expected to make a profit of more than 15 percent. A price band of Rs 61-65 per share was fixed for this IPO, the listing can be done at a price of Rs 75. The gray market gives investors an indication of the expected listing price of the IPO shares.
what does the company do
Sah Polymers is engaged in making plastic bags in the country. It is used in agro pesticides, medicine, cement, chemical, fertilizers, food products, clothes, tiles and steel industries. Its business is in Africa, Middle East, Europe, America, Australia and the Caribbean, including a total of 7 states in the country. The company had earned a profit of Rs 4.38 crore from its business in FY 2022, an increase of 244 per cent on an annual basis. Its revenue has increased by 46.2 percent to reach Rs 80.5 crore.
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