Sati Poly Plast IPO Best Review, GMP, Allotment Link, India’s First IPO Allotment Chances Calculator 2024, Subscription Status, Issue details and more

Company Background
Incorporation and Evolution:
– Incorporation: The company was initially incorporated as ‘Sati Poly Plast Private Limited’ on July 14, 1999, as a Private Limited Company under the Companies Act, 1956, by the Registrar of Companies, Bihar.
– Conversion to Public Limited Company: On November 1, 2023, the company was converted from a private limited company to a public limited company, changing its name to ‘Sati Poly Plast Limited.’ The fresh certificate of incorporation was issued on December 26, 2023.
– Corporate Identification Number: U82920BR1999PLC008904.

Promoters: The company is promoted by Mr. Balmukund Jhunjhunwala, Mrs. Anita Jhunjhunwala, Mr. Aditya Jhunjhunwala, Mr. Keshav Jhunjhunwala, and Balmukund Jhunjhunwala HUF. Collectively, they have over ten years of experience in the flexible packaging industry.

Business Activities
ISO Certification:
The company is ISO certified and specializes in manufacturing flexible packaging materials that cater to various industries’ packaging requirements.

Transition from Trading to Manufacturing:
– Until 2015: Engaged in trading flexible packaging materials.
– From 2017: Commenced manufacturing flexible packaging materials.

Manufacturing Facilities
Plant Locations:
– Plant 1: C44, Phase II, Gautam Budh Nagar – Noida-201305 with a capacity of 540 tonnes per month.
– Plant 2: Plot No. 85 Udhyog Kendra, Noida -201306 with a capacity of 540 tonnes per month.

Product Range and Materials
Product Portfolio:
– Flexible Packaging Solutions: Catering to food and beverage industries, including snacks, dry fruits, confectionery, and dry foods.
– Materials Used: Polyethylene terephthalate, biaxially-oriented polypropylene, polythene, cast polypropylene, foil, paper, bio-degradable films, etc.

Sustainability Efforts:
– Recycling Initiative: The company recycles waste generated during production, transforming it into recycled plastic material for sale, contributing to waste reduction and the circular economy.

Product Portfolio Details

1. Roll Form Packaging:
– Description: Packaging materials supplied in continuous rolls made from materials like polyethylene, polypropylene, aluminum foil, laminates, kraft or coated papers.
– Applications: Widely used in food and beverage, personal care and cosmetics, agriculture, and pharmaceutical industries.

2. Pouch Form Packaging:
– Description: Packaging that uses flexible materials like plastic or foil to create pouches, customizable with resealable zippers, spouts, and tear notches.
– Applications: Extensively used in food and beverage, pharmaceutical, personal care, household cleaning products, automotive, and industrial applications.

3. Coextruded Films:
– Description: Multiple layers of different materials are extruded together to create films with unique properties tailored for specific packaging requirements.
– Applications: Applied in food packaging, pharmaceutical industry, flexible packaging industry, and agriculture and horticulture industry.

Manufacturing Process

1. Extrusion Process:
– Description: Involves melting and forcing raw material through a die to form a continuous shape, followed by rapid cooling to solidify the material.
– Importance: Key for producing consistent and high-quality flexible packaging materials.

2. Printing:
– Description: Utilizes automatic rotogravure printing machines up to 10 colors, involving the engravement of graphics onto a cylinder and transferring them onto a substrate.
– Components: Includes an engraved cylinder, ink tank, doctor blade, impression roller, and dryer.

3. Lamination Process:
– Description: Involves bonding multiple layers of materials using adhesives to create durable and versatile packaging solutions.
– Types: Wet lamination, dry lamination, solventless lamination, and ex-coating lamination.

4. Slitting/Rewinding Process:
– Description: Cuts large rolls of flexible substrates into narrower widths, creating smaller rolls for easier handling.
– Importance: Ensures clean, uniform edges and optimizes handling and usage.

5. Pouching Process:
– Description: Various types of pouches like central sealing, 3 side sealing, zipper pouch, and stand-up pouches are made using specific machines.
– Applications: Suitable for both dry food and liquid product packaging, offering significant retail shelf impact.

Business Strategies

1. Product Portfolio Expansion:
– Diversification: Into high-growth products like vacuum bags for cashews and rice.
– Investment: In working capital requirements to meet growing market demands.

2. Operational Efficiency:
– Process Improvement: Continuous investment in technology development and operational excellence.

3. Quality Standards:
– Adherence to Standards: Emphasis on quality review, corrective measures, and international certifications to maintain customer trust.

Competitive Strengths

1. Established Manufacturing Facilities:
– Control over Quality: Dynamic setup for end-to-end manufacturing activities.

2. Cost Leadership and Timely Execution:
– Efficient Processes: Use of quality raw materials, efficient manufacturing facilities, and harmonious workforce relations to meet large orders timely and cost-effectively.

3. Strong promoter background and experienced management team:
Our promoters and management team have significant experience and domain expertise. This enables us to anticipate and address market demands effectively. Their guidance and strategic direction have been instrumental in our growth and success. With more than a decade of experience in the flexible packaging industry, our promoters have built strong industry relationships and have a keen understanding of market trends.

4. Wide range of product offerings:
We offer a diverse product portfolio catering to various industries, including food and beverage, personal care, pharmaceuticals, agriculture, and more. This diversity allows us to address different customer needs and reduces dependency on any single industry, thereby mitigating risk.

5. Focus on sustainability:
Our commitment to sustainability and environmentally-friendly practices sets us apart in the industry. We aim to manufacture our products sustainably by focusing on “Reuse, Recycle, and Upcycle.” Our recycling initiatives contribute to the circular economy and reduce waste, which resonates well with our environmentally conscious customers.

6. Quality assurance and certifications:
We are an ISO Certified Company, holding certifications such as ISO 9001:2015 for Quality Management, ISO 22000:2018 for Food Safety Management, and ISO 45001:2018 for Occupational Health and Safety Management. These certifications validate the high standards of our products and processes, ensuring customer satisfaction and trust.

7. Strategic location:
Our manufacturing units are strategically located in Noida, Uttar Pradesh, which is well-connected to major markets and logistics hubs. This location provides us with logistical advantages, ensuring timely delivery of products to our customers.

8. Investment in technology and innovation:
We continually invest in advanced technology and equipment to enhance our production capabilities and maintain high-quality standards. This focus on innovation allows us to stay competitive and meet the evolving needs of our customers.

9. Strong customer base:
We have built a strong customer base, including reputed companies such as Pidilite, Adani Wilmar, and JVL. Our ability to meet their stringent quality requirements and delivery timelines has helped us establish long-term relationships with these customers.

10. Robust infrastructure:
Our well-equipped manufacturing facilities, extensive warehousing capabilities, and efficient inventory management processes enable us to handle large volumes and ensure smooth operations. This robust infrastructure supports our growth and scalability.