SPP Polymers IPO will open for subscription from 10 September 2024. The company aims for an issue size of ₹24.49 Cr through this IPO.
Company Overview
| Full name | SPP Polymer Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://spppolymer.com/ |
About Company
SPP Polymer is an ISO 9001:2015 certified company specializing in the manufacturing of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and PP multifilament yarn. The company provides packaging solutions to B2B manufacturers in various industries, including cement, chemicals, food grains, sugar, polymers, agriculture, and more, for packaging goods in large quantities.
The company has a manufacturing facility located in Udham Singh Nagar, Uttarakhand. SPP Polymer achieved an installed capacity of 9,125 MT for HDPE/PP woven fabric and bags, and 3,600 MT for non-woven fabric, by incurring a capital expenditure of INR 21.11 crore during FY 2022-2023. As of 31 December 2023, SPP Polymer has an in-house team of four employees dedicated to the sales and marketing of its products.
The Objectives of the Issue
- Repayment of Loan
- Working capital requirement
- General corporate purposes
SPP Polymers IPO Timetable
| IPO Opening date | 10 September 2024 |
| IPO Closing | 12 September 2024 |
| Basis of Allotment | 13 September 2024 |
| Initiation Refund | 16 September 2024 |
| Credit to Demat Account | 16 September 2024 |
| Listing Date | 17 September 2024 |
SPP Polymers IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹24.49 Cr – 4,150,000 shares |
| Fresh Issue | ₹24.49 Cr – 4,150,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹59 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 210,000 shares |
| Shareholding pre-issue | 11,241,160 |
| Shareholding post-issue | 15,391,160 |
| Listing Exchange | NSE SME |
SPP Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
SPP Polymers Offer Documents
SPP Polymers IPO Reservation Details
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
SPP Polymers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 80.28 | 66.05 | 91.75 | 28.20 |
| Expenses | 80.37 | 65.75 | 92.38 | 27.63 |
| Net income | 0.28 | 0.54 | 0.99 | 0.91 |
SPP Polymers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.25 | 1.96 | 0.88 |
| PE ratio | – | – | 67.05 |
| RONW (%) | 1.42 | 2.24 | 3.98 |
| NAV | 88.11 | 87.87 | 22.24 |
| ROCE (%) | 4.04 | 5.45 | 9.13 |
| EBITDA (%) | 1.95 | 4.05 | 6.68 |
| Debt/Equity | 0.64 | 0.91 | 0.75 |
Company Promoters
- Dipak Goyal
- Mahavir Bahety
- Liladhar Mundhara
- Asha Ram Bahety.
Promoter Holding
| Pre Issue Share Holding | 94.99% |
| Post Issue Share Holding | 69.37% |
SPP Polymers Offer GMP Update
Coming Soon
SPP Polymers IPO Subscription Update
Coming Soon
SPP Polymers IPO Allotment Status
SPP Polymer IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
SPP Polymers IPO Listing Details
| Listing Date | 17 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
SPP Polymers IPO Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
SPP Polymers Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: spppolymer.ipo@kfintech.com
Website: www.kfintech.com
SPP Polymers Contact Details
SPP POLYMER LIMITED
Bearing No.1, Plot No.1, Basti Tante Wale,
Ram Kumar Marg, Motia Khan, Paharganj,
Delhi Central, Delhi – 110055, India
Phone: +91 91 5944297751
E-mail: cs@spppolymer.com
Website: www.spppolymer.com
SPP Polymers IPO FAQs
What is the SPP Polymer offer size?
SPP Polymer’s offer size is ₹ 24.49 crores.
What is the SPP Polymer offer price band?
SPP Polymer’s public offer price is ₹ 59 per share.
What is the lot size of the SPP Polymer IPO?
SPP Polymer offer a lot size is 2,000 shares.
What is SPP Polymer IPO GMP today?
SPP Polymer IPO GMP today is ₹ NA per share.
What is the SPP Polymer kostak rate today?
SPP Polymer kostak rate today is ₹ NA per application.
What is SPP Polymer Subject to the Sauda rate today?
SPP Polymer is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
SPP Polymers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
