Sati Poly Plast Ltd., a company involved in manufacturing plastic products, is all set to launch its initial public offering (IPO) on July 12th, 2024. This IPO will give investors a chance to be a part of the company’s ownership by buying its shares.
The subscription period for the IPO will be open for 4 days, starting from July 12th and closing on July 16th, 2024. Investors interested in participating can apply for shares during this timeframe. The price range for each share has been fixed between ₹123 and ₹130. This means the minimum price you can pay to buy a share is ₹123 and the maximum is ₹130.
Important Dates to Remember
- Subscription Period: July 12th, 2024 – July 16th, 2024
- Allotment Finalization: Expected on July 18th, 2024 (This is the date when the company will decide who gets how many shares)
- Shares Credited to Demat Account: Expected on July 19th, 2024 (This is the date when the shares you applied for will be deposited in your Demat account, if you are allotted any)
- Tentative Listing Date: July 22nd, 2024 (This is the expected date when the company’s shares will start trading on the NSE SME exchange)
Who Can Apply?
The IPO is open for different categories of investors, including:
- Retail Investors: These are regular investors like you and me. 35% of the total shares offered in the IPO are reserved for retail investors.
- Institutional Investors: These are large investors like banks and mutual funds. 50% of the shares are reserved for them.
- Non-Institutional Investors: These are entities other than individuals and institutions. They get the remaining 15% of the shares.
Things to Consider Before Applying
- Company Background: It’s important to understand what Sati Poly Plast does and its financial performance before investing. You can find this information in the company’s DRHP (Draft Red Herring Prospectus), which is a document containing details about the IPO.
- Investment Goals: Are you aiming for quick profits or planning for long-term growth? This will help you decide if this IPO aligns with your goals.
- Market Conditions: The overall stock market performance can also impact the IPO.
In simpler terms, Sati Poly Plast is offering a chance to own a part of their company by selling shares to the public. The IPO will be open for a few days, and investors can apply to buy shares at a specific price range. There are different categories of investors who can participate, and it’s important to do your research before applying to understand the company and the risks involved.