Sah Polymers' Rs 66 crore IPO Gets Fully Subscribed on Day 2; Should you Invest?
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Sah Polymers IPO Subscription Day 2: The initial public offer (IPO) of Sah Polymers was fully subscribed on the second day of the issue. The offer has received bids for 48.04 lakh shares against the IPO size of 56.1 lakh shares, that is, a subscription rate of 86 per cent on December 30, the first day of bidding. The subscription opened on Friday, December 30, 2022. The price band of the issue, which will conclude on Wednesday, January 4, 2023. Sah Polymers IPO: Price Band The company has fixed the issue price band at Rs 61-65 per share. Sah Polymers IPO: Offer Details The public issue consists of only fresh issue of 1.02 crore equity shares, with no offer-for-sale (OFS) part. Sah Polymers IPO: Objectives of Issue Sah Polymers will utilise the issue proceeds for setting up a new unit to manufacture flexible intermediate bulk containers (FIBC). The new facility will have an installed capacity of 3,960 million tonnes per annum (mtpa). Currently, it has one manufacturing fac