woven polymer based products has received bids of 48,04,470 shares against the offered 56,10,000 equity shares, at a price band of ₹61-65, according to the data available on the stock exchanges.

Sah Polymers Limited, primarily engaged in manufacturing and selling of Polypropylene (PP)/ High Density Polyethylene (HDPE) Flexible Intermediate B--ulk Containers (FIBC) Bags, Woven Sacks, HDPE/PP woven fabrics,

Overall the issue was subscribed 0.86 times on the first day of bidding.

Retail Portion was subscribed the most with 2.07 times followed by Non-Institutional segment was fully subscribed. The reserved portion for qualified institutional buyer portion saw a subscription of 0.38 times. The issue kicked off for subscription on Friday, December 30, and will close on Tuesday, January 03, 2023.

A day prior to the Issue opening, Sah Polymers Ltd raised Rs 29.83 crore from anchor investors including Mavin India Fund, Saint Capital Fund and Leading Light Fund VCC.

Pantomath Capital Advisors Private Limited is the sole book running lead manager to the issue and Link Intime India Private Limited is the registrar to the offer.

The equity shares are proposed to be listed on the Main Board of BSE and NSE.