Sah Polymers Posts Bumper Listing Gains

Sah Polymers IPO Investors Gain from Bumper Listing

Sah Polymers shares listed at Rs. 85 a piece on both NSE and BSE. That's a premium of over 30.77% from issue price of Rs. 65

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The stock's listing gains come as a surprise for investors since the IPO did not command a substantial premium in grey market.

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Sah Polymers IPO was subscribed 17.46 times on the last day of subscription.

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Incorporated in 1992, Sah Polymers is a leading manufacturer and exporter of polypropylene woven bags and high-density polyethylene box bags.

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The IPO proceeds will be used to set up a new manufacturing facility, repay certain borrowings, and fund working capital needs.

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