Sati Poly Plast IPO Allotment Status Online: Sati Poly Plast IPO is Open on 12 July, 2024 and Close on 16 July, 2024. Sati Poly Plast IPO to Raise 1,335,000 shares (Approx ₹17.36 Cr) via IPO. The Fresh Issue of 1,335,000 shares (Approx ₹17.36 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Sati Poly Plast IPO Basis of Allotment Status on 18 July, 2024. Sati Poly Plast IPO Refund Date is 19 July 2024 and Sati Poly Plast IPO Credit to Demat on 19 July 2024.
Also Read: Sati Poly Plast IPO Details, GMP Price, Date, Review
Sati Poly Plast IPO Allotment Link Online
| Linktime | Linktime Allotment Link |
|---|---|
| Moneymintidea | IPO Allotment Status Link |
About –
Sati Poly Plast is an ISO Certified Company engaged in the manufacturing of flexible packaging material which is multifunctional and caters to the packaging requirements of various industries. We provide end-to-end solution for various flexible packaging needs. Till year 2015, our company was engaged in the business of trading of flexible packaging material. From 2017, our Company commenced the manufacturing of flexible packaging material.
Our Company has set up two manufacturing units, of which “Plant 1” is situated at C44, Phase II, Gautam Budh Nagar – Noida-201305 with an installed capacity of 500 tones per month and “Plant 2” is situated at Plot No. 85 Udhyog Kendra, Noida -201306 with an installed capacity of 450 tones per month.
Our Company has been consistently expanding its business operations by increasing its installed capacity from 250 tonnes per month to 400 tonnes per month in 2018 and to 500 tonnes per month in 2019. Our range of packaging solutions span a variety of products in the food and beverage category, including salty snacks, snack bars, dry fruits, confectionery and dry foods. We utilise the advanced equipment available and continually invest to maintain the quality of product, process efficiency and the superior service that we are renowned for.
Our products are crafted out of an extensive range of industry approved materials such as polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc. Since, flexible packaging material predominantly consists of plastic as a major raw material, we aim to manufacture our products sustainably by aiming towards “Reuse, Recycle and Upcycle”. We stringently maintain the processes and accreditation required to ensure the quality needs of the customers we supply in the food and beverages.
We have also installed Automated Machine with Auto Gauge Control with minimum gauge variation specially for Edible Oil Industries. Currently we are working with Pidilite, Adani Wilmar, JVL and have also started vacuum bags for cashews. Flexible packaging refers to a type of packaging material that is made from non rigid materials such as plastic, paper, or aluminum foil to create pouches, bags, and other pliable product containers. Flexible packages are particularly useful in industries that require versatile packaging, such as the food and beverage, personal care, and pharmaceutical industries.
Flexible packaging offers several advantages, including its ability to conform to the shape of the product, its lightweight nature, and its ability to provide barrier properties to protect the contents from moisture, oxygen, and other external factors. Additionally, flexible packaging is often considered more sustainable compared to rigid packaging, as it typically requires fewer resources to produce and transport.
