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SPP Polymers IPO is a fixed price issue of Rs 24.49 crores. The issue is entirely a fresh issue of 41.5 lakh shares.
SPP Polymers IPO is open for subscription on September 10, 2024 and close today September 12, 2024. The allotment for the SPP Polymers IPO is expected to be finalized on Friday, September 13, 2024. SPP Polymers IPO will list on NSE SME with tentative listing date fixed as Tuesday, September 17, 2024.
SPP Polymers IPO price is ₹59 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹118,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹236,000.
Interactive Financial Services Ltd is the book running lead manager of the SPP Polymers IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for SPP Polymers IPO is B.N. Rathi Securities.
Refer to SPP Polymers IPO RHP for detailed information.
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,150,000 shares (aggregating up to ₹24.49 Cr) |
| Fresh Issue | 4,150,000 shares (aggregating up to ₹24.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,241,160 |
| Share holding post issue | 15,391,160 |
| Market Maker portion | 210,000 shares B.N. Rathi Securities |
SPP Polymers IPO offers 41,50,000 shares. 19,70,000 (47.47%) to NII, 19,70,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,10,000 (5.06%) |
| Other Shares Offered | 19,70,000 (47.47%) |
| Retail Shares Offered | 19,70,000 (47.47%) |
| Total Shares Offered | 41,50,000 (100%) |
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
| IPO Open Date | Tuesday, September 10, 2024 |
| IPO Close Date | Thursday, September 12, 2024 |
| Basis of Allotment | Friday, September 13, 2024 |
| Initiation of Refunds | Monday, September 16, 2024 |
| Credit of Shares to Demat | Monday, September 16, 2024 |
| Listing Date | Tuesday, September 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
| Lot Size Calculator | |||
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
| Share Holding Pre Issue | 94.99% |
| Share Holding Post Issue | 69.37% |
Incorporated in 2004,SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a manufacturer of a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is located in Rudrapur City, Uttarakhand.
The product portfolio comprises the following
The company offers customized solutions according to its clients' specifications. Its installed capacity of HDPE/PP Woven Fabric and bags totals 12000 MT, Non-woven Fabric 4000 MT, and Multifilament Yarn 300 MT per annum.
The company has received ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for its quality management system, occupational health and safety management system, and environmental management system.
The company's products primarily serve customers in the agro-pesticides, Cement, Chemical, fertilizers, Food Products, Textile, Ceramic, and Steel industries.
As of December 31, 2024 the company has 4 employees on its payroll.
SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 7,619.39 | 7,091.89 | 5,417.98 | 3,821.87 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,895.85 | 9,381.29 | 6,677.47 | 8,077.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 91.33 | 99.4 | 54.42 | 28.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,591.64 | 2,500.3 | 2,433.64 | 1,971.82 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,500.27 | 1,408.93 | 2,152.61 | 1,697.22 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,871.94 | 1,897.82 | 2,215.18 | 1,262.21 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of SPP Polymers IPO is Rs 90.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 8.01% |
| ROCE | 4.27% |
| Debt/Equity | 0.71 |
| RoNW | 3.98% |
| P/BV | 2.65 |
| PAT Margin (%) | 1.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.88 | 2.37 |
| P/E (x) | 66.72 | 24.86 |
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
[Dilip Davda] The company is engaged in the business of manufacturing & supplying HDPE/ PP fabrics, bags and other packaging related solutions. It marked average performance till FY24 and posted sudden boosted bottom line for Q1 of FY25. This performance raises eyebrows and concern over its sustainability going forward. Based on FY25 annualized super earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...
The SPP Polymers IPO is subscribed 12.05 times on September 11, 2024 7:29:59 PM. The public issue subscribed 21.13 times in the retail category, times in the QIB category, and 2.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.98 |
| Retail | 21.13 |
| Total | 12.05 |
Total Application : 20,813 (21.13 times)
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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SPP Polymers IPO is a SME IPO of 4,150,000 equity shares of the face value of ₹10 aggregating up to ₹24.49 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 10, 2024, and closes on September 12, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SPP Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in SPP Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SPP Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SPP Polymers IPO opens on September 10, 2024 and closes on September 12, 2024.
SPP Polymers IPO lot size is 2000 Shares, and the minimum amount required is ₹118,000.
You can apply in SPP Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SPP Polymers IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Monday, September 16, 2024. Check the SPP Polymers IPO allotment status.
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