Sah Polymers, a polymer manufacturer and packaging solutions provider based in Udaipur, will open its initial public offering (IPO) for subscription from December 30, 2022, to January 4, 2023. The company is offering 1,02,00,000 equity shares at a price range of Rs 61-Rs 65 per share, with no offer-for-sale component.
75% of the issue is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and the remaining 10% for retail investors.
As per market observers, the GMP for Sah Polymers was Rs 6 as of December 28, 2022. It has remained positive in the last three sessions. However, the buzz around the stock has been mixed among retail investors, but many brokers have recommendations on the IPO. The company’s shares are expected to list on BSE and NSE on January 12, 2023.