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Sah Polymers shares to debut on Dalal Street today

Jan 12, 2023

By: BlinkX Research Team

On BSE website, effective from Thursday, January 12, 2023, the equity shares of Sah Polymers Limited shall be listed and admitted to dealings on the exchange in the list of 'T' group of securities.

According to stock market experts, the public issue worth ₹66.30 crore received better than expected response despite being highly priced. They said that polymers market is expected to surge and company's fundamentals are looking strong, so the stock may have a positive debut on Dalal Street today.

According to primary market observers, shares of Sah Polymers are available at a premium of ₹7 in grey market today, which means grey market is expecting that Sah Polymers share may list around ₹72 ( ₹65 + ₹7) on Dalal Street today.

The company's Rs 66 crore Initial Public Offer (IPO) opened for subscription on December 30 and the issue concluded on January 4. The price band of the issue was fixed at Rs 62.2-66.3 per share.