SPP Polymer IPO Date, Review, Price, Allotment Details

SPP Polymer IPO open date is September 10, 2024 and the IPO will close on September 12, 2024. SPP Polymer IPO is a Fixed Price Issue. The company to raise around ₹24.49 crores via IPO that comprises fresh issue of ₹24.49 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

SPP Polymer IPO price band is ₹59 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. SPP Polymer IPO to list on NSE on September 17, 2024. The allotment of SPP Polymer IPO date is September 13, 2024.

The company reported revenue of ₹93.81 crores in 2024 against ₹66.77 crore in 2023. The company reported profit of ₹0.99 crores in 2024 against profit of ₹0.54 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹118,000
Retail Maximum12000₹118,000
HNI Minimum24000₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Rishi Techtex Limited1.8233.904.2343.09111.96 Cr.
EMMBI Industries Limited5.6221.895.85961.69377.60 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

What is SPP Polymer IPO?

SPP Polymer IPO is a SME IPO. The company is going to raise ₹24.49 Crores via IPO. The issue is priced at ₹59 pr equity share. The IPO is to be listed on NSE.

When SPP Polymer IPO will open for subscription?

The IPO is to open on September 10, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 12, 2024.

What is SPP Polymer IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the SPP Polymer IPO?

You can apply for SPP Polymer IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is SPP Polymer IPO Issue Size?

SPP Polymer IPO issue size is ₹24.49 crores.

What is SPP Polymer IPO Price Band?

SPP Polymer IPO Price Band is ₹59.

What is SPP Polymer IPO Lot Size?

The minimum bid is 2000 Shares with ₹118,000 amount.

What is the SPP Polymer IPO Allotment Date?

SPP Polymer IPO allotment date is September 13, 2024.

What is the SPP Polymer IPO Listing Date?

SPP Polymer IPO listing date is September 17, 2024. The IPO is to list on NSE.

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).
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