Sah Polymers has debuted at Rs 85.00 on the BSE, up by 20 points or 30.77% from its issue price of Rs 65.
The scrip is currently trading at Rs 89.00, up by 24.00 points or 36.92% from its issue price. It has touched a high and low of Rs 89.25 and Rs 85.00 respectively. So far 2.62 lakh shares were traded on the counter.
The offering, which was open for subscription between December 30, 2022 and January 04, 2023 was subscribed 17.46 times. The issue price was fixed at Rs 65 per share i.e. at upper end of price band of Rs 61-65 apiece.
Sah Polymers is primarily engaged in manufacturing and selling of polypropylene (PP)/ high density polyethylene (HDPE) FIBC bags, woven sacks, HDPE/PP woven fabrics and woven polymer based products.
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