SPP Polymer IPO description – SPP Polymer is an ISO 9001:2015 certified company specializing in the manufacturing of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and PP multifilament yarn. The company provides packaging solutions to B2B manufacturers in various industries, including cement, chemicals, food grains, sugar, polymers, agriculture, and more, for packaging goods in large quantities.
The company has a manufacturing facility located in Udham Singh Nagar, Uttarakhand. SPP Polymer achieved an installed capacity of 9,125 MT for HDPE/PP woven fabric and bags, and 3,600 MT for non-woven fabric, by incurring a capital expenditure of INR 21.11 crore during FY 2022-2023. As of 31 December 2023, SPP Polymer has an in-house team of four employees dedicated to the sales and marketing of its products.
Promoters of SPP Polymer – Mr. Dipak Goyal, Mr. Mahavir Bahety, Mr. Liladhar Mundhara, and Mr. Asha Ram Bahety
Table of Contents
SPP Polymer IPO Details
| SPP Polymer IPO Dates | 10 – 12 September 2024 |
| SPP Polymer Issue Price | INR 59 per share |
| Fresh issue | 41,50,000 shares (INR 24.49 crore) |
| Offer For Sale | NIL |
| Total IPO size | 41,50,000 shares (INR 24.49 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,18,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
SPP Polymer Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
| Revenue | 80.28 | 66.05 | 91.75 | 28.20 |
| Expenses | 80.37 | 65.75 | 92.38 | 27.63 |
| Net income | 0.28 | 0.54 | 0.99 | 0.91 |
SPP Polymer Offer News
- SPP Polymer RHP
- SPP Polymer Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
SPP Polymer Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.25 | 1.96 | 0.88 |
| PE ratio | – | – | 67.05 |
| RONW (%) | 1.42 | 2.24 | 3.98 |
| NAV | 88.11 | 87.87 | 22.24 |
| ROCE (%) | 4.04 | 5.45 | 9.13 |
| EBITDA (%) | 1.95 | 4.05 | 6.68 |
| Debt/Equity | 0.64 | 0.91 | 0.75 |
SPP Polymer IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 16 September 2024 | 10 | – | 24,000 |
| 14 September 2024 | 12 | – | 24,000 |
| 13 September 2024 | 12 | – | 24,000 |
| 12 September 2024 | 12 | – | 24,000 |
| 11 September 2024 | 15 | – | 27,500 |
| 10 September 2024 | 20 | – | 31,500 |
| 9 September 2024 | 25 | – | 35,000 |
SPP Polymer IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 19,70,000 | 19,70,000 | 39,40,000 |
| 12 Sep 2024 | 22.46 | 59.87 | 41.17 |
| 11 Sep 2024 | 3.07 | 20.81 | 11.94 |
| 10 Sep 2024 | 1.22 | 9.12 | 5.17 |
The market maker reservation portion of 2,10,000 shares is not included in the above calculations.
SPP Polymer IPO Allotment Status
SPP Polymer IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
SPP Polymer IPO Dates & Listing Performance
| IPO Opening Date | 10 September 2024 |
| IPO Closing Date | 12 September 2024 |
| Finalization of Basis of Allotment | 13 September 2024 |
| Initiation of refunds | 16 September 2024 |
| Transfer of shares to demat accounts | 16 September 2024 |
| IPO Listing Date | 17 September 2024 |
| Opening Price on NSE SME | INR 63 per share (up 6.78%) |
| Closing Price on NSE SME | INR 59.85 per share (up 1.44%) |
SPP Polymer Offer Lead Manager
INTERACTIVE FINANCIAL SERVICES LIMITED
Office No. 508, Fifth Floor, Priviera,
Nehru Nagar, Ahmedabad – 380 015, Gujarat
Phone: +91-9898055647
Email:Â [email protected]
Website:Â www.ifinservices.in
SPP Polymer Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
SPP Polymer Issue Contact Details
SPP POLYMER LIMITED
Bearing No.1, Plot No.1, Basti Tante Wale,
Ram Kumar Marg, Motia Khan, Paharganj,
Delhi Central, Delhi – 110055, India
Phone: +91 91 5944297751
E-mail: [email protected]
Website: www.spppolymer.com
IPO FAQs
What is the SPP Polymer offer size?
SPP Polymer’s offer size is INR 24.49 crores.
What is the SPP Polymer offer price band?
SPP Polymer’s public offer price is INR 59 per share.
What is the lot size of the SPP Polymer IPO?
SPP Polymer offer a lot size is 2,000 shares.
What is SPP Polymer IPO GMP today?
SPP Polymer IPO GMP today is INR 10 per share.
What is the SPP Polymer kostak rate today?
SPP Polymer kostak rate today is INR NA per application.
What is SPP Polymer Subject to the Sauda rate today?
SPP Polymer is Subject to the Sauda rate today is INR 24,000 per application.
