Sah Petroleums IPO
Sah Petroleums IPO — date, price band, lot size & details 2004
Sah Petroleums listed on 24 Sep 2004 at ₹44, 25.7% above the ₹35 issue price.
Sah Petroleums makes industrial and automotive lubricants, specialty oils, process oils and greases under the IPOL brand. Its total income was Rs 64.25 crore in FY2004.
Stock price
Sah Petroleums is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 30 Aug 2004
- Close 06 Sep 2004
- Allotment 16 Sep 2004
- Refund/credit TBA
- Listing 24 Sep 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Aug to 6 Sep, 2004 |
|---|---|
| Price Band | TBA |
| Face Value | ₹5 |
| Lot Size | 150 Shares |
| Issue Size | ₹31.78 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE, BSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 5,250 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 150 shares at the ₹35 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹5,250 |
| Retail (max) | 38 | 5,700 | ₹1,99,500 |
| S-HNI (min) | 39 | 5,850 | ₹2,04,750 |
| S-HNI (max) | 190 | 28,500 | ₹9,97,500 |
| B-HNI (min) | 191 | 28,650 | ₹10,02,750 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 36.24 crore in FY2002 to Rs 64.25 crore in FY2004.
- 02Profit after tax rose from Rs 1.42 crore in FY2002 to Rs 8.05 crore in FY2004.
- 03EBITDA rose from Rs 2.50 crore in FY2002 to Rs 10.02 crore in FY2004.
- 04Return on net worth was 51.42%.
- 05Its IPOL brand dates back to 1973.
Risks · 5
- 01Total borrowing rose from Rs 12.62 crore in FY2003 to Rs 22.52 crore in FY2004, more than its net worth of Rs 15.65 crore.
- 02Base oil prices follow crude oil; profit after tax was Rs 2.45 crore in FY2003 before rising.
- 03Automotive lubricants need large advertising and brand budgets; Rs 2.00 crore was for marketing.
- 04Two new plants at Vasai and Daman cost Rs 26.33 crore, more than its net worth.
- 05Promoters and their associates held 100% before the issue and 54.6% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sah Petroleums offer document.
| Metric | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Total Income | 64.25 | 48.40 | 36.24 |
| Profit After Tax | 8.05 | 2.45 | 1.42 |
| EBITDA | 10.02 | 3.40 | 2.50 |
| NET Worth | 15.65 | 7.65 | 5.20 |
| Reserves and Surplus | 10.23 | 5.97 | 3.52 |
| Total Borrowing | 22.52 | 12.62 | 13.38 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Sah Petroleums RHP.
Where the money goes
₹40.53 Cr of the issue is earmarked to named objects.
About the company
The founder began making lubricants under the IPOL brand in 1973 and had 40 years of experience in the industry.
The prospectus described it as one of the top private companies in India making lubricants.
The IPO was Rs 31.78 crore and was entirely a fresh issue at Rs 35 per share, with a face value of Rs 5. The money was for new plants at Vasai and Daman, marketing and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sah Petroleums IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Karvy Investor Services Ltd
31 issues handledBest listing: Ramkrishna Forgings (+92.3%). Weakest: Astral Poly Technik (-10.4%).
Fortune Financial Services (India) Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +3.3%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sah Petroleums?
The current Grey Market Premium is ₹0.
What is the Sah Petroleums IPO price band?
₹35, on a face value of ₹5.
When is the allotment?
The basis of allotment is 16 September 2004, with listing on 24 September 2004.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
