SPP Polimers IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Tue, 10 Sep 2024
Close Date
Thu, 12 Sep 2024
Issue Price
₹ 59
Lot Size
2000
Issue Size
₹ 24.49 Cr
Minimum Investment
₹ 236,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
SPP Polimers IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹24.49 Crore, comprising a fresh issue of 41.50 Lakh equity shares aggregating to ₹24.49 Crore.
The SPP Polimers IPO remained open for subscription from September 10, 2024, to September 12, 2024. The basis of allotment was finalized on September 13, 2024, and the company's shares were listed on NSE SME Platform on September 17, 2024.
The company had fixed the price at ₹59 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹236,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Interactive Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, SPP Polimers Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
SPP Polimers IPO Timeline (Tentative)
- IPO Open Date
- Tue, 10 Sep 24
- IPO Close Date
- Thu, 12 Sep 24
- Basis of Allotment
- Fri, 13 Sep 24
- Initiation of Refunds
- Mon, 16 Sep 24
- Credit of Shares to Demat
- Mon, 16 Sep 24
- Listing Date
- Tue, 17 Sep 24 — NSE & BSE
Open Date
10 September 2024
Close Date
12 September 2024
Basis Of Allotment
13 September 2024
Listing Date
17 September 2024
IPO Subscription
Check Live Subscription →The SPP Polimers IPO has received bids for 16,21,96,000 shares against 41,50,000 shares offered, resulting in an overall subscription of 39.08x. the NII category is subscribed 18.11x, Retail Investors 59.87x, and QIBs 0x.
QIB
0x
NII
18.11x
RII
59.87x
Total
39.08x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,70,000 shares, representing 47.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 19,70,000 shares (47.47%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 210,000 | 5.06% |
| Non-Institutional | 1,970,000 | 47.47% |
| Retail Investors | 1,970,000 | 47.47% |
| Total | 4,150,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
SPP Polimers Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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
SPP Polimers Limited Address / Contact Details
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
SPP Polimers IPO Lot Size
The SPP Polimers IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,18,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,18,000.
| 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 |
Issue Reservation
- Market Maker — 5.06%
- NII — 47.47%
- RII — 47.47%
Book Running Lead Managers
- Interactive Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the SPP Polimers 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.
When will the SPP Polimers IPO open for subscription?
The SPP Polimers IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024
What is SPP Polimers IPO Price Band?
SPP Polimers IPO Price Band is ₹59 to 59 per share.
What is SPP Polimers IPO Lot Size?
SPP Polimers IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹236000 based on the upper price band
What is the minimum investment for SPP Polimers IPO?
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.
How to apply for SPP Polimers IPO?
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.
What is SPP Polimers IPO Issue Size?
SPP Polimers IPO issue size is ₹24.49 crores.
What is the SPP Polimers IPO Allotment Date?
SPP Polimers IPO allotment date is Fri, Sep 13, 2024.
Who is the SPP Polimers IPO Registrar?
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.
What is the SPP Polimers IPO GMP?
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 25.42% over the issue price.
Who is the SPP Polimers IPO Lead Manager?
The book-running lead managers (BRLMs) for the SPP Polimers IPO are Interactive Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the SPP Polimers IPO Red Herring Prospectus (RHP).