SPP Polymer Limited IPO
NSE SMEListed On: Sep 17, 2024 at ₹ 63.0
₹ 118000 /2000 Shares
Check Allotment10 Sep, 2024
Open Date12 Sep, 2024
Close Date13 Sep, 2024
Allotment Date17 Sep, 2024
Listing DateIssue Price
₹59 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
63.0Listing Date
2024-09-17Market Lot
2000 Shares (₹118,000/-)Lead Manager
Interactive Financial Services LtdIssue Size
4,150,000 shares(aggregating up to ₹24.49 Cr)Retail Portion
50%Subscription
41.17 timesIPO Docs
DRHP
The IPO of SPP Polymer is priced at ₹59 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Kfin Technologies Limited is the registrar of the issue.
SPP Polymer IPO bid opening date is from Sep 10, 2024 and the bid closing date was Sep 12, 2024.
SPP Polymer IPO allotment result will be available on Sep 13, 2024. The tentative listing date for SPP Polymer is Sep 17, 2024.
The total issue size is 4,150,000 shares(aggregating up to ₹24.49 Cr).
SPP Polymer IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,970,000 | 1,970,000 | 3,940,000 |
| Day 1 - 10-09-24 06:00 PM | 1.25 x | 9.48 x | 5.36 x |
| Day 2 - 11-09-24 06:00 PM | 2.98 x | 21.13 x | 12.05 x |
| Day 3 - 12-09-24 06:00 PM | 22.46 x | 59.87 x | 41.17 x |
SPP Polymer Valuations
EPS Pre IPO
₹0.88/-EPS Post IPO
₹2.37/-P/E Pre IPO
66.72P/E Post IPO
24.86ROE
8.01%ROCE
4.27%Debt/Equity
0.71RoNW
3.98%PAT Margin
1.08Price to Book Value
2.65SPP Polymer Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,091.89 | 5,417.98 | 3,821.87 |
| Revenue | 9,381.29 | 6,677.47 | 8,077.96 |
| Profit After Tax | 99.4 | 54.42 | 28.01 |
| Net Worth | 2,500.3 | 2,433.64 | 1,971.82 |
| Reserves & Surplus | 1,408.93 | 2,152.61 | 1,697.22 |
| Total Borrowing | 1,897.82 | 2,215.18 | 1,262.21 |
About The Company
In the year 2004, SPP Polymers Limited was incorporated as SPP Food Products Private Limited. The company 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
Customized solution according to its clients' requirements is offered by the company. HDPE/PP Woven Fabric and bags 12000 MT and Non-woven Fabric 4000 MT along with Multifilament Yarn 300 MT are manufactured per annum.ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for the quality management system, occupational health and safety management system, and environment management system respectively have been accorded to the company.
The company's products mainly cater to customers in the agro-pesticides, Cement, Chemical, fertilizers, Food Products, Textile, Ceramic, and Steel industries.
By 31 December 2024 the company had an employee headcount of 4 on its payroll.
SPP Polymer - Promoter(s)
Pre Issue Share Holding: 94.99%
Post Issue Share Holding: 69.37%
- Dipak Goyal
- Mahavir Bahety
- Liladhar Mundhara
- Asha Ram Bahety
SPP Polymer IPO - Issue Objectives
- Repayment of Loan
- Working capital requirement
- General corporate purposes
Other Details
SPP Polymer
Bearing No DPT212, DLF Prime Tower, Okhla Industrial Estate, Phase 1, New Delhi-110020Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ipo@kfintech.com
SPP Polymer IPO - FAQs
Ans. SPP Polymer Limited IPO is a SME IPO. The issue is priced at ₹59 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 10, 2024, and closes on Sep 12, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The SPP Polymer Limited IPO opens on Sep 10, 2024 and closes on Sep 12, 2024.
Ans. The size of SPP Polymer Limited IPO is 4,150,000 shares(aggregating up to ₹24.49 Cr).
Ans. The IPO price band is set between ₹59 per equity share.
Ans. To apply for SPP Polymer Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find SPP Polymer Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of SPP Polymer Limited IPO is Sep 13, 2024.
Ans. The SPP Polymer Limited IPO will be listed on Sep 17, 2024.
Ans. Follow the steps to check the allotment status for SPP Polymer Limited IPO here.
