SPP Polymer IPO Details

SME

SPP Polymer IPO opens for subscription on 10 Sep 2024 and closes on 12 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 17 Sep 2024.

SPP Polymer IPO price band has been fixed at ₹59 – ₹59 per share.The face value is ₹10 per share with a lot size of 2000.

SPP Polymer IPO total issue size comprises 41,50,000 shares (aggregating up to ₹24.49 Cr). This includes a fresh issue of 41,50,000 shares (aggregating up to ₹24.49 Cr). Pre-issue shareholding stands at 1,12,41,160, which will increase to 1,53,91,160 post-issue.

SPP Polymer IPO carries a ₹15 (25.4%) GMP, reflecting investor sentiment.

SPP Polymer IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹118,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹118,000. HNI Minimum is 2 lots (4,000 shares) amounting to ₹236,000.

The Lead Managers for SPP Polymer IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Interactive Financial Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is B.N. Rathi Securities. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the SPP Polymer Limited RHP.

SPP Polymer IPO Details

Listing Price : ₹63 at a Premium of 6.78%
Open Date
10 Sep 2024
Close Date
12 Sep 2024
Listing Date
17 Sep 2024
Issue Price
₹59 - ₹59
Face Value
₹10 per share
Lot Size
2000
GMP
₹15 (25.4%)
Issue Type
IPO
Listing On
NSE
Type
Fixed Price Issue
Share holding pre issue
11241160
Share holding post issue
15391160
Total Issue Size
41,50,000 shares (aggregating up to ₹24.49 Cr)
Fresh Issue
41,50,000 shares (aggregating up to ₹24.49 Cr)
Offer for Sale
-

SPP Polymer IPO Subscription

SPP Polymer IPO Application Wise Breakup

SPP Polymer IPO Dates

  • 10 Sep 2024
    Opening dateOPD
  • 12 Sep 2024
    Closing dateCOD
  • 13 Sep 2024
    Allotment Date BOA
  • 16 Sep 2024
    Initiation of RefundsIOR
  • 16 Sep 2024
    Credit of SharesCOS
  • 17 Sep 2024
    Listing dateLID

SPP Polymer IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum12000₹118,000
Retain Maximum12000₹118,000
HNI Minimum24000₹236,000

SPP Polymer IPO Reservation

Promoter Holding

Pre Issue:94.99%
Post Issue:69.37%
Promoter Names:
Dipak Goyal, Mahavir Bahety, Liladhar Mundhara, Asha Ram Bahety

Documents

SPP Polymer IPO Valuations

ROE:8.01%
ROCE:4.27%
Debt/Equity:0.71
RoNW:3.98%
P/BV:2.65
PAT Margin (%):1.08
EPS Pre IPO:0.88
EPS Post IPO:2.37
P/E Pre IPO:66.72
P/E Post IPO:24.86

SPP Polymer Financial Information

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets7,619.397,091.895,417.983,821.87
Revenue2,895.859,381.296,677.478,077.96
Profit After Tax91.3399.454.4228.01
Net Worth2,591.642,500.32,433.641,971.82
Reserves and Surplus1,500.271,408.932,152.611,697.22
Total Borrowing1,871.941,897.822,215.181,262.21
Amount in ₹ Lakhs

About SPP Polymer IPO

Incorporated in 2004,SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a manufacturer of a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is located in Rudrapur City, Uttarakhand.

The product portfolio comprises the following 

  • HDPE/PP woven Fabric
  • HDPE/PP Woven Bags
  • Non-woven Fabric
  • Non -woven Bags
  • Multifilament PP Yarn

The company offers customized solutions according to its clients' specifications. Its installed capacity of HDPE/PP Woven Fabric and bags totals 12000 MT, Non-woven Fabric 4000 MT, and Multifilament Yarn 300 MT per annum.

The company has received ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for its quality management system, occupational health and safety management system, and environmental management system.

The company's products primarily serve customers in the agro-pesticides, Cement, Chemical, fertilizers, Food Products, Textile, Ceramic, and Steel industries.

As of December 31, 2024 the company has 4 employees on its payroll.

Strength Of SPP Polymer IPO

1. Quality Assurance.

2. Experienced Promoter and Management Team.

3. Our Product portfolio.

4. Diversified customer base and long-standing relationship with our customers.

Risk Of SPP Polymer IPO

1. You will not be able to sell immediately on Indian Stock Exchanges any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.

2. The requirements of being a listed company may strain its resources.

3. Any changes in the regulatory framework could adversely affect its operations and growth prospects.

4. Global economic, political and social conditions may harm its ability to do business, increase the company costs and negatively affect its stock price.

5. Civil disturbances, extremities of weather, regional conflicts and other political instability may have adverse effects on its operations and financial performance.

6. The company is subject to risks arising from interest rate fluctuations, which could adversely impact its business, financial condition and operating results.

7. The price of its Equity Shares may be volatile, or an active trading market for the company Equity Shares may not develop.

8. There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

9. The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.

10. Taxes and other levies imposed by the Government of India or other State Governments, as well as other financial policies and regulations, may have a material adverse impact on its business, financial condition and results of operations.

Objectives SPP Polymer IPO

  • Repayment of Loan
  • Working capital requirement
  • General corporate purposes1

Company Contact Details

SPP Polymer Limited
Bearing No DPT212, DLF Prime Tower
Okhla Industrial Estate, Phase 1
New Delhi-110020
Phone: +91 91 594429775
Email: cs@spppolymer.com
Website: http://www.spppolymer.com/

Registrar Contact Details

Name: Kfin Technologies Limited
Phone: +91-40-67162222

Comments