SPP Polymer IPO Details
| IPO Open Date: | September 10, 2024 |
| IPO Close Date: | September 12, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹59 Per Share |
| Issue Size: | Approx ₹24.49 Crores |
| Fresh Issue: | Approx ₹24.49 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
SPP Polymer IPO IPO Market Lot
The SPP Polymer IPO minimum market lot is 2000 shares with ₹118,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| HNI Minimum | 2 | 4000 | ₹236,000 |
SPP Polymer IPO Dates
The SPP Polymer IPO date is September 10 and the close date is September 12. The SPP Polymer IPO allotment will be finalized on September 13 and the IPO listing on September 17.
| IPO Open Date: | September 10, 2024 |
| IPO Close Date: | September 12, 2024 |
| Basis of Allotment: | September 13, 2024 |
| Refunds: | September 16, 2024 |
| Credit to Demat Account: | September 16, 2024 |
| IPO Listing Date: | September 17, 2024 |
Promoters of SPP Polymer IPO
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
About SPP Polymer IPO
SPP Polymer Limited (previously known as SPP Food Products Private Limited) was set up in 2004. It is one of the top HDPE/PP woven fabric and bag manufacturers, the nonwoven fabrics and bags as well as multifilament yarns in Rudrapur City, Uttarakhand. To enhance its mission for sustainable growth, trustworthiness and transparency the company has built modern facilities for production and a quality control unit so as to provide products of high standard at affordable prices. It has been certified by ISO 9001:2008. SPP Polymer Limited is reputed due to its vast installed capacity whose annual output includes 12,000MT of HDPE/PP woven fabrics/bags, 4,000MT of nonwovens, and 300MT of multi-filaments hence supplying over 1 million HDPE/PP woven poly bags every month to diverse industries such as cement, packing, fertilizers etc.
SPP Polymer IPO Company Financial Report
The company reported revenue of ₹93.81 crores in 2024 against ₹66.77 crores in 2023. The company reported a profit of ₹0.99 crores in 2024 against a profit of ₹0.54 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹80.78 | ₹7.84 | ₹0.28 | ₹38.22 |
| 2023 | ₹66.77 | ₹14.72 | ₹0.54 | ₹54.18 |
| 2024 | ₹93.81 | ₹28.83 | ₹0.99 | ₹70.92 |
| June 2024 | ₹28.96 | ₹14.24 | ₹0.91 | ₹76.19 |
SPP Polymer IPO Valuation – FY2024
Check SPP Polymer IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 8.01% |
| ROCE: | 9.13% |
| EBITDA Margin: | 6.68% |
| PAT Margin: | 1.08% |
| Debt to equity ratio: | 0.75 |
| Earning Per Share (EPS): | ₹0.88 (Basic) |
| Price/Earning P/E Ratio: | 4.54 |
| Return on Net Worth (RoNW): | 3.98% |
| Net Asset Value (NAV): | ₹22.24 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rishi Techtex Limited | 1.82 | 33.90 | 4.23 | 43.09 | 111.96 Cr. |
| EMMBI Industries Limited | 5.62 | 21.89 | 5.85 | 961.69 | 377.60 Cr. |
Objects of the Issue
- Repayment of Loan
- Working capital requirement
- General corporate purposes1
SPP Polymer IPO Review
- IPO Watch – May Apply
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
SPP Polymer IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd
Company Address
SPP Polymer IPO Limited
Bearing No DPT212, DLF Prime Tower
Okhla Industrial Estate, Phase 1
New Delhi-110020
Phone: +91 91 594429775
Email: [email protected]
Website: http://www.spppolymer.com/
SPP Polymer IPO FAQs
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Note: The SPP Polymer IPO price band and date are officially announced. The (SPP Polymer IPO grey market premium) will be added to the IPO GMP page as it will start).
