Upcoming IPO Next Week: This month the initial public offering of many companies hit the stock market. The year 2022 is going to end in just a few days. Before this Shah Polymers is going to open its IPO. It will open on 30 December 2022 and investors will be able to place bets till 4 January 2022. If you also want to earn profit by investing in IPO, then this can be a golden opportunity for you.
IPO details
Information about the IPO size and price band of Sah Polymers has not been revealed yet. Through this, the company is preparing to sell 1,02.00,000 shares, which will be a completely fresh issue. The date of January 12, 2023 has been fixed for its listing in the market. If reports are to be believed, the company has kept 75% reservation for QIB, 10% for retail category and 15% for HNI.
about the company
The company will use the funds from this IPO to expand manufacturing and production capacity by setting up new flexible intermediate bulk containers plants. Along with this, the fund will also be used to repay the loan. Sah Polymers manufactures and sells high quality Polyethylene FIBC bags, woven fabric, sacks and polymers products.
Disclaimer: The purpose of this news is only to share information. MP Breaking News does not recommend investing in any scheme, IPO and share market. This can be risky. Do take the advice of experts.