Sati Poly Plast IPO

About Sati Poly Plast Limited

Sati Poly Plast Limited, established as Sati Poly Plast Private Limited on July 14, 1999, is a public limited company based in Bihar. Initially a private entity, it transitioned to a public limited company following a special resolution on November 1, 2023. This change was formalised on December 26, 2023, by the Registrar of Companies-Bihar. The Corporate Identification Number is U82920BR1999PLC008904.

Promoted by Balmukund Jhunjhunwala, Anita Jhunjhunwala, Aditya Jhunjhunwala, and Keshav Jhunjhunwala (HUF), the company boasts over a decade of expertise in the flexible packaging industry. Sati Poly Plast Limited is an ISO-certified company engaged in manufacturing multi-functional flexible packaging materials for diverse industries.

Initially, the company traded flexible packaging materials until 2015. Manufacturing commenced in 2017, with two units in Noida—Plant 1 and Plant 2—each with an installed capacity of 540 tonnes per month. Over the years, the company has consistently expanded its capacity, reaching 500 tonnes per month by 2019.

Their product range includes packaging solutions for food and beverages, covering snacks, dry fruits, and more. The company uses advanced equipment to maintain product quality and efficiency. Materials like polyethylene, polypropylene, foil, paper, and biodegradable films are utilised in production. Emphasising sustainability, Sati Poly Plast recycles waste generated during production, contributing to the circular economy.

The company maintains stringent quality processes, especially for food and beverage packaging. Automated machines with auto-gauge control ensure minimal variation, particularly for edible oil industries. The company supplies packaging materials to major clients and has started producing vacuum bags for cashews, enhancing the shelf life of various products by preventing oxidation and moisture absorption.

Efficient inventory management and logistics are critical to operations. They are supported by in-house warehousing and third-party logistics providers to ensure timely and efficient product delivery.

Industry Outlook:

1. With manufacturing exports at an all-time high of $447.46 billion in FY23 and the packaging market expected to reach $204.81 billion by 2025, Sati Poly Plast Limited can capitalise on the growing global demand for packaging products, particularly in sectors like pharmaceuticals, FMCG, and food processing.
2. Government initiatives like the Production Linked Incentive (PLI) scheme, Make in India, Digital India, and Startup India are driving growth in the manufacturing sector. Sati Poly Plast Limited can benefit from these policies, which support large-scale manufacturing and could attract significant investments, enhancing the company’s production capabilities.

Sati Poly Plast Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocate ₹1,100.00 lakh for working capital requirements.
2. Covering general corporate expenses to support business growth and operations.

Peer Details

According to the RHP, the following are the listed companies in India that operate in a business similar to Sati Poly Plast Limited:

1. Sabar Flex India Limited
2. Uma Converter Limited

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Contact Details of Sati Poly Plast Limited IPO

• Registered office: D.N. Singh Road, Bhagalpur 812 002, Bihar, India
• Phone: +91 98181 04164
• E-mail: satipolyplast1@gmail.com