SPP Polimers IPO
Open SmeCurrent GMP
₹15 (+25.42%)
Price Band
₹ 59 – 59
Lot Size
2000
Issue Size
₹24.49 Cr
Minimum Investment
₹236000 (4000 Shares)
Listing Date
17 September 2024
Subscription
39.08x
About the Company
SPP Polymer Limited, a company that has earned the ISO 9001:2015 certification, is known for its production of HDPE/PP woven fabric and bags, non-woven fabrics and bags, as well as PP multifilament yarn. The company focuses on providing B2B manufacturers in different sectors, such as cement, chemicals, food grains, sugar, polymers, agriculture, and others, with packaging solutions for large-scale goods transportation.
SPP Polymer's manufacturing facility is situated in Udham Singh Nagar, Uttarakhand. During the financial year 2022-2023, the company managed to reach an installed capacity of 9,125 metric tons for HDPE/PP woven fabric and bags, and 3,600 metric tons for non-woven fabric, after investing INR 21.11 crore in capital expenditure. As of December 31, 2023, the company has achieved this capacity.
Promoters
The promoters of the company are
- Dipak Goyal
- Mahavir Bahety
- Liladhar Mundhara
- Asha Ram Bahety
Promoters Holding
Holding Pre Issue
94.99%
Holding Post Issue
69.37%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment of Loan
- Working capital requirement
- General corporate purposes
Address / Contact Info
SPP Polymer Limited
Bearing No DPT212, DLF Prime Tower
Okhla Industrial Estate, Phase 1
New Delhi-110020
Phone: +91 91 594429775
Email: cs@spppolymer.com
Website: http://www.spppolymer.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 10 September 2024
IPO Close Date
Thursday, 12 September 2024
Basis of Allotment
Friday, 13 September 2024
Initiation of Refunds
Monday, 16 September 2024
Credit of Shares to Demat
Monday, 16 September 2024
Listing Date
Tuesday, 17 September 2024 — NSE & BSE
Important Dates
Open Date
10 September 2024
Close Date
12 September 2024
Basis Of Allotment
13 September 2024
Listing Date
17 September 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 7619.39 | 7091.89 | 5417.98 | 3821.87 |
| Revenue | 2895.85 | 9381.29 | 6677.47 | 8077.96 |
| Profit After Tax | 91.33 | 99.4 | 54.42 | 28.01 |
| Net Worth | 2591.64 | 2500.3 | 2433.64 | 1971.82 |
| Reserve & Surplus | 1500.27 | 1408.93 | 2152.61 | 1697.22 |
| Total Borrowings | 1871.94 | 1897.82 | 2215.18 | 1262.21 |
EPS Pre
0.88%
EPS Post
2.37%
P/E Pre
66.72
P/E (Post Issue)
24.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 8.01 |
| ROCE % | 4.27 |
| Debt / Equity | 0.71 |
| RoNW % | 3.98 |
| PbW | 2.65 |
| Pat Margin % | 1.08 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 210000 | 5.06 | 0 |
| Non-Institutional | 1970000 | 47.47 | 0 |
| Retail Investors | 1970000 | 47.47 | 0 |
| Total | 4150000 | 100 | 0 |
Subscription Status ( Sun, 15 Sep 24 08:42 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 8578000 | 0x |
| Non-Institutional | 1970000 | 35668000 | 18.11x |
| Retail Investors | 1970000 | 117950000 | 59.87x |
| Total | 4150000 | 162196000 | 39.08x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 118,000.00 |
| Retail (Max) | 1 | 2,000 | 118,000.00 |
| S-HNI (Min) | 2 | 4,000 | 236,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Interactive Financial Services Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
SPP Polimers IPO is a Fixed price IPO worth ₹24.49 crores. The price band is ₹59 to 59 per share. The IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The SPP Polimers IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024
SPP Polimers IPO Price Band is ₹59 to 59.
SPP Polimers IPO lot size is 2000, and the minimum amount required for application is ₹236000.
The minimum investment for SPP Polimers IPO is approximately ₹236000 based on the upper price band.
To apply for the SPP Polimers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 12, 2024. After submission, funds are blocked until the basis of allotment of SPP Polimers IPO is finalised.
SPP Polimers IPO issue size is ₹24.49 crores.
SPP Polimers IPO allotment date is Sat, Jun 27, 2026.
The registrar for SPP Polimers IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to SPP Polimers IPO through their official website or helpline.
The SPP Polimers IPO GMP (Grey Market Premium) is ₹15 as of Thu, Sep 12, 2024. Based on the upper price band of ₹59 per share, the estimated SPP Polimers IPO listing price is ₹74, indicating a potential listing gain of approximately 31% over the issue price.