Sah Polymers IPO: In the last few days, many companies have submitted documents for IPO with the market regulator Securities and Exchange Board (SEBI). Now a new name of Sah polymers has been added to these.
Sah Polymers has submitted draft documents with SEBI to raise money through IPO. As per the draft documents, 1,02,00,000 new equity shares will be issued under the IPO. There will be no offer of sale (OFS).
Where will the money be used: The proceeds from the IPO will be used to build the new Flexible Intermediate Bulk Containers (FIBC) plant and expand production capacity. Apart from this, it will also be used for working capital requirements and debt repayment for the new project.
Udaipur based company Sah Polymers manufactures and sells Polypropylene (PP) / High Density Polyethylene FIBC bags, sacks, woven fabrics and woven products of polymers.