IPO

SPP Polymer Limited IPO

NSE SME

Listed On: Sep 17, 2024 at ₹ 63.0

₹ 118000 /2000 Shares

Check Allotment

SPP Polymer IPO Details

10 Sep, 2024

Open Date

12 Sep, 2024

Close Date

13 Sep, 2024

Allotment Date

17 Sep, 2024

Listing Date

Issue Price

₹59 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

63.0

Listing Date

2024-09-17

Market Lot

2000 Shares (₹118,000/-)

Lead Manager

Interactive Financial Services Ltd

Issue Size

4,150,000 shares(aggregating up to ₹24.49 Cr)

Retail Portion

50%

Subscription

41.17 times

IPO Docs

DRHP

SPP Polymer IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,970,0001,970,0003,940,000
Day 1 - 10-09-24 06:00 PM1.25 x9.48 x5.36 x
Day 2 - 11-09-24 06:00 PM2.98 x21.13 x12.05 x
Day 3 - 12-09-24 06:00 PM22.46 x59.87 x41.17 x
Total No. of Applications: 58,975 (Approx)

SPP Polymer Valuations

EPS Pre IPO

₹0.88/-

EPS Post IPO

₹2.37/-

P/E Pre IPO

66.72

P/E Post IPO

24.86

RoNW

3.98%

SPP Polymer Company Financials All values are in ₹ Lakh

31-Mar-2431-Mar-2331-Mar-22
Assets7,091.895,417.983,821.87
Revenue9,381.296,677.478,077.96
Profit After Tax99.454.4228.01

About The Company

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.

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SPP Polymer - Promoter(s)

Pre Issue Share Holding: 94.99%

Post Issue Share Holding: 69.37%

Company Promoter(s)

  1. Dipak Goyal
  2. Mahavir Bahety
  3. Liladhar Mundhara
  4. Asha Ram Bahety

SPP Polymer IPO - Issue Objectives

  1. Repayment of Loan
  2. Working capital requirement
  3. General corporate purposes

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.