Sati Poly Plast IPO Allotment Likely to be Fixed Today: Latest GMP, Steps to Check Allotment Status

Sati Poly Plast IPO Allotment: Investors are eagerly awaiting the IPO allotment of Sati Poly Plast Ltd, which is expected to be finalized today. The IPO, open from July 12 to July 16, saw strong demand. The allotment date is July 18, with shares expected to list on NSE Emerge on July 22.

How to Check Sati Poly Plast IPO Allotment Status:

1. Visit the IPO registrar’s website: Link Intime.
2. Select ‘Sati Poly Plast Limited’ from the dropdown menu.
3. Choose between PAN, Application Number, DP/Client ID, or Account Number/IFSC.
4. Enter the required details.
5. Click ‘Submit’ to view your allotment status.

Sati Poly Plast IPO GMP:

The grey market premium (GMP) for Sati Poly Plast shares is currently ₹130 per share, suggesting an estimated listing price of ₹260 per share—double the issue price of ₹130 per share. However, due to NSE’s 90% price control cap, the listing price is estimated to be at a 90% premium.

Sati Poly Plast IPO Subscription Status:

The IPO was highly subscribed, with a total subscription of 499.13 times. The retail category was subscribed 670.62 times, the Qualified Institutional Buyers (QIB) category 146.00 times, and the Non-Institutional Investors (NII) category 569.52 times.

Sati Poly Plast IPO Details:

• Subscription Period: July 12-16
• Allotment Date: July 18
• Listing Date: July 22 on NSE SME
• Price Band: ₹123 to ₹130 per share
• Funds Raised: ₹17.36 crore at the upper price band through a fresh issue of 13.35 lakh shares

Promoters and Use of Funds:

Promoters include Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, Keshav Jhunjhunwala, and Balmukund Jhunjhunwala HUF. The funds will be used for working capital and general corporate purposes.

Registrar and Lead Manager:

Link Intime India Private Ltd is the IPO registrar, and Beeline Capital Advisors Pvt Ltd is the lead manager. Sati Poly Plast manufactures flexible packaging materials for various industries.