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Sah Polymers IPO: Sah Polymers in preparation for IPO, documents submitted with SEBI

New Delhi. Like last year, this year is also going to be very special for investors earning through Initial Public Offering (IPO). One after the other, many companies are bringing their IPO. In this episode, now Udaipur-based company Sah Polymers is also preparing to bring IPO. The company has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through IPO.

According to the draft documents IPO 1,02,00,000 new equity shares will be issued under the There will be no offer for sale (OFS) in this.

Also read- LIC IPO: The biggest public issue ever to open on May 2, there is a possibility of reduction in size as well

Where will the funds from the IPO be used?

Funds from the IPO will be used to expand the manufacturing and production capacity of the new Flexible Intermediate Bulk Containers (FIBC) plant. Apart from this, it will also be used for working capital requirements and repayment of loans for new projects.

what does the company do

Udaipur based company Sah Polymers manufactures and sells Polypropylene (PP) / High Density Polyethylene FIBC Bags, Woven Sacks, Woven Fabrics and Woven Polymer Products.

Rainbow Children’s Medicare fixes price band for IPO

Meanwhile, the price band for the IPO of Rainbow Children’s Medicare, a multi-specialty pediatric hospital chain, has been fixed. The company has fixed a price band of Rs 516-542 per share for its Rs 1,581 crore IPO. The company’s IPO will open on April 27. Investors will be able to subscribe to the issue till April 29, 2022.

Tags: Business news in hindi, IPO

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