Polymer manufacturer Sah Polymers has received the market regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an Initial Public Offering (IPO). According to draft papers, Sah Polymers' IPO will be a fresh issue of 1.02 crore equity shares with no offer-for-sale component. The Udaipur-based company had filed preliminary IPO papers with SEBI in April.