SPP Polymer IPO Details: The SPP Polymer IPO is set to open on September 10, 2024, and will close on September 12, 2024. This offering is a Fixed Price Issue, with the company aiming to raise approximately ₹24.49 crores. The IPO includes a fresh issue of ₹24.49 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the SPP Polymer IPO is set at ₹59 per share. The allocation is divided as follows: 50% for retail investors, 0% for Qualified Institutional Buyers (QIBs), and 50% for High Net-Worth Individuals (HNIs). The shares are expected to list on the NSE on September 17, 2024, with the allotment date scheduled for September 13, 2024.
In terms of financial performance, SPP Polymer reported revenues of ₹93.81 crores in 2024, up from ₹66.77 crores in 2023. The company’s profit also increased to ₹0.99 crores in 2024 from ₹0.54 crores the previous year. Given these promising financials, the IPO is considered a strong long-term investment opportunity.
SPP Polymer IPO Objectives:
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
- Repayment of Loan
- Working capital requirement
- General corporate purposes
SPP Polymer IPO Review (Apply or Not)
- Update soon
SPP Polymer IPO Date & Price Band 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: | BFixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
SPP Polymer IPO Lot Size:
The minimum market lot for the SPP Polymer IPO is set at 2,000 shares, requiring an application amount of ₹118,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| HNI Minimum | 2 | 4000 | ₹236,000 |
SPP Polymer IPO Timeline:
The SPP Polymer IPO will open for subscription on September 10, 2024, and will close on September 12, 2024. Allotments for the IPO are expected to be finalized on September 13, 2024, with shares scheduled to be listed on the NSE on September 17, 2024.
| 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 |
SPP Polymer IPO GMP Today:
GMP for SPP Polymer SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of SPP Polymer IPO
The promoters of SPP Polymer are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara, and Asha Ram Bahety.
About SPP Polymer IPO
SPP Polymer Limited, formerly known as SPP Food Products Private Limited, was established in 2004. Based in Rudrapur City, Uttarakhand, the company is a leading manufacturer of HDPE/PP woven fabrics, bags, nonwoven fabrics, and multifilament yarns. Committed to sustainable growth, transparency, and reliability, SPP Polymer has invested in modern production facilities and a quality control unit to deliver high-quality products at competitive prices. The company holds ISO 9001:2008 certification. With an impressive annual production capacity, SPP Polymer produces 12,000 MT of HDPE/PP woven fabrics and bags, 4,000 MT of nonwoven materials, and 300 MT of multifilaments, supplying over 1 million HDPE/PP woven poly bags each month to various industries, including cement, packaging, and fertilizers.
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 Ended | Revenue | Expense | Profit After Tax | Assets |
| 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.
| KPI | Values |
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rishi Techtex Limited | 1.82 | 33.90 | 4.23 | 43.09 | 111.96 Cr. |
| EMMBI Industries Limited | 5.62 | 21.89 | 5.85 | 961.69 | 377.60 Cr. |
SPP Polymer IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
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: cs@spppolymer.com
Website: http://www.spppolymer.com/
SPP Polymer IPO FAQs
1. What are the key dates for the SPP Polymer IPO?
- IPO Opening Date: September 10, 2024
- IPO Closing Date: September 12, 2024
- Allotment Date: September 13, 2024
- Listing Date: September 17, 2024
2. What is the price band for the SPP Polymer IPO?
The price band for the SPP Polymer IPO is set at ₹59 per share.
3. What is the minimum market lot size for the SPP Polymer IPO?
The minimum market lot size is 2,000 shares, requiring an application amount of ₹118,000.
4. How is the IPO allocation divided?
The allocation for the SPP Polymer IPO is as follows:
- Retail Investors: 50%
- Qualified Institutional Buyers (QIBs): 0%
- High Net-Worth Individuals (HNIs): 50%
5. What is SPP Polymer Limited?
SPP Polymer Limited, formerly known as SPP Food Products Private Limited, was established in 2004. It is a prominent manufacturer of HDPE/PP woven fabrics, bags, nonwoven fabrics, and multifilament yarns, based in Rudrapur City, Uttarakhand. The company is known for its commitment to quality, sustainable growth, and competitive pricing. It holds an ISO 9001:2008 certification and has a significant production capacity, supplying over 1 million HDPE/PP woven poly bags monthly to various industries.
6. What are the financial highlights of SPP Polymer Limited?
In 2024, SPP Polymer reported revenues of ₹93.81 crores, up from ₹66.77 crores in 2023. The company’s profit increased to ₹0.99 crores in 2024 from ₹0.54 crores in 2023.
7. How should investors approach the SPP Polymer IPO?
Given the company’s strong financial performance and substantial production capacity, the IPO is considered a promising long-term investment opportunity.
