SPP Polimers IPO Details
The SPP Polimers IPO is a fixed price issue with a total issue size of ₹24.49 cr, comprising of fresh issue of 4150000 equity shares. SPP Polimers IPO opened for subscription on Sep 10, 2024 and closed on Sep 12, 2024. SPP Polimers IPO has set the price at ₹59 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹236,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 13, 2024, and listed on the NSE on Sep 17, 2024.
Kfin Technologies Limited has been appointed as the registrar. Interactive Financial Services Ltd are the Book Running Lead Manager for the issue.
Before investing in the SPP Polimers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 59 – 59
- Lot Size
- 2000
- Issue Size
- ₹24.49 Cr
- Minimum Investment
- ₹236000 (4000 Shares)
- Listing Date
- 17 September 2024
Current GMP
₹15 (+25.42%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About SPP Polimers Limited
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.
SPP Polimers IPO 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%
SPP Polimers IPO Objective
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
Book Running Lead Managers
- Interactive Financial Services Ltd
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 with a total issue size of ₹24.49 crore. The SPP Polimers IPO price band is ₹59 to 59 per share. The SPP Polimers IPO subscription opens on Tue, Sep 10, 2024, and closes on Thu, Sep 12, 2024. The SPP Polimers IPO will be listed on the NSE. Kfin Technologies Limited is the registrar for the SPP Polimers IPO.
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 per share.
SPP Polimers IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
The minimum investment for SPP Polimers IPO is ₹236000, based on one lot of 2000 shares at the upper price band of ₹59 per share.
Investors can apply for the SPP Polimers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 12, 2024. The application amount remains blocked until the SPP Polimers IPO allotment is finalized.
SPP Polimers IPO issue size is ₹24.49 crores.
SPP Polimers IPO allotment date is Wed, Jul 1, 2026.
The registrar for SPP Polimers IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check SPP Polimers IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.