Sabar Flex India IPO
Sabar Flex India IPO is a manufacturer and supplier of all kinds of Flexible packaging materials commonly used for packing Food, Dairy, cosmetics, pharmaceuticals, Chemical & agriculture products etc. The company was incorporated in 1932 as a Partnership Firm.
The company’s operations include manufacturing, processing, designing, buying, selling, exporting, and importing packing cases, cartons, drums, crates, cans, and containers, as well as wooden boxes, plastic containers, polythene containers, bottles, hollow wares, cases, drums, cages, tins, bins, jars, tubes, crates, packing cases, cans, bottles, vials, etc.
Sabar Flex India Limited has three manufacturing plants located in Gujarat.
Competitive Strengths :
- Location Advantage
- Strong management team and motivated and efficient work force
- Quality Assurance
- Research and Development capability
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 4090.92 | 6364.32 | 89.8 | 1258.44 | 158.49 |
| 31-Mar-21 | 5162.08 | 7397.88 | 139.84 | 1398.28 | 298.33 |
| 31-Mar-22 | 5187.24 | 7237.01 | 174.28 | 1572.56 | 472.61 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company proposes to utilize the funds which are being raised through this Issue towards the following objects:
a) Funding the working capital requirements of the company
b) General Corporate Purposes
IPO Details
| Sabar Flex India IPO Date | Sep 8, 2022 to Sep 13, 2022 |
| Sabar Flex India IPO Face Value | ₹10 per share |
| Sabar Flex India IPO Price | ₹11 per share |
| Sabar Flex India IPO Lot Size | 10000 Shares |
| Issue Size | 4,070,000 shares of ₹10 (aggregating up to ₹4.48 Cr) |
| Fresh Issue | 4,070,000 shares of ₹10 (aggregating up to ₹4.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Hikmatbahadur Krishnabahadur Kunwar is the company promoter. |
IPO Timeline
IPO opens on Sep 8, 2022, and closes on Sep 13, 2022. The IPO bid date is from Sep 8, 2022 10.00 A.M. to Sep 13, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Sabar Flex India IPO Opening Date | Sep 8, 2022 |
| Sabar Flex India IPO Closing Date | Sep 13, 2022 |
| Basis of Allotment | Sep 16, 2022 |
| Initiation of Refunds | Sep 19, 2022 |
| Credit of Shares to Demat | Sep 20, 2022 |
| Sabar Flex India IPO Listing Date | Sep 21, 2022 |
IPO Lot Size
The IPO lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹110,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹110,000 |
| Retail (Max) | 1 | 10000 | ₹110,000 |
IPO Promoter Holding
| Pre Issue Share Holding | 53.25% |
| Post Issue Share Holding | 39.00% |
IPO Prospectus
Company Contact Information
Sabar Flex India Limited
B/1/104, Palledium,
Nr. Orchid Wood Opp. Divya Bhaskar,
Corporate Road, Prahladnagar, Ahmedabad 380015
Phone: 9429111979
Email: [email protected]
Website: http://www.sabarflex.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)
- GYR Capital Advisors Limited
