Sah polymers on the dawn of Thursday made a blockbuster debut. The shares of the packaging company’s shares listed in the markets at Rs 85 a 31 Percent premium over its issue price of Rs 65 per share.

The stock increased 37 percent in value from the time it was first issued to a high of Rs 89.25 after it was listed. At 10:59 AM, the stock was trading at Rs 88.95 on the SandP BSE Sensex, down 0 points or 42 percent. 4.1 million shares were exchanged during this time in nse and bse. The company’s ipo was oversubscribed by 17.46 

The equity shares of Sah Polymers are permitted for trading on the Exchange and are listed among the securities in the “T” group. The stock will be in the Trade-for-Trade (T2T) segment for a total of ten trading days.

T2T segment is a segment where each trade will have to result in delivery and the intraday trading is not allowed 

Sah polymers as a company have a very stable position in the packaging industry. It is the leading Polypropylene (PP) woven bags manufacturer in India (Udaipur, Rajasthan). The company is engaged in the manufacturing of PP woven bags and high density polyethylene box flags, flexible intermediate box containers and Bopp laminated bags. The entity manufacturs an export these items 

The company has a dominant foothold in indian markets and export to numerous countries such as Europe, Africa, Middle East, Australia, South–East Asia, Caribbean Island, Latin & Central America, and the USA

The company has conveyed that the money that they will be obtaining through this IPO will be utilized towards setting up a new manufacturing facility to produce a new variety of Flexible Intermediate Bulk Containers (FIBC) and towards the redemption of secured and unsecured borrowing.

By 2027, the market for polymers is projected to reach $790 billion, growing at a CAGR of 5% from 2022 to 2027. The company manufactures and sells polypropylene, a lightweight polymer that can be used in place of a number of other polymers. Additionally, a Reliance Securities analyst’s IPO note states that the global market for FIBC is expected to reach $6701.5 million in 2022 and $9109 million in 2028, growing at a CAGR of 5.3 percent each year.