SPP Polymer Limited IPO

NiftyTrader • September 10, 2024

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SPP Polymer Limited IPO

SPP Polymer Limited IPO opens on September 10, 2024, and closes on September 12, 2024. The allotment for the SPP Polymer Limited IPO is anticipated to be completed on Friday, September 13, 2024. The IPO will be tentatively listed on the NSE and SME on Tuesday, September 17, 2024.

SPP Polymer Limited IPO’s price band is Rs 59 per share. The IPO is a book-built issue of Rs 24.49 crores. The issue is entirely a fresh issue of 41.5 lakh shares.

SPP Polymers IPO Details

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
Shareholding pre-issue	11,241,160
Shareholding post-issue	15,391,160
Market Maker portion	210,000 shares

SPP Polymers IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹118,000
Retail (Max)	1	2000	₹118,000
S-HNI (Min)	2	4000	₹236,000

SPP Polymers IPO Objectives

The company proposes to deploy the Net Proceeds for the aforesaid purposes by the estimated schedule of implementation for the following objects

To Meet Working Capital Requirement.
To meet the General Corporate Purposes; and
Repayment of Loan

About SPP Polymer Limited

Incorporated in 2004 and formerly known as SPP Food Products Private Limited, SPP Polymers Limited is a Rudrapur City-based manufacturer specializing in HDPE/PP woven and non-woven fabrics, bags, and multifilament yarn. The company boasts an annual production capacity of 12,000 MT for HDPE/PP woven fabric and bags, 4,000 MT for non-woven fabric, and 300 MT for multifilament yarn. Accredited with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014 certifications, SPP Polymers ensures high standards in quality, safety, and environmental management. The company’s products cater to diverse industries, including agro-pesticides, cement, chemicals, fertilizers, food, textiles, ceramics, and steel. As of December 31, 2024, SPP Polymers employs 4 people.

SPP Polimers Limited Financial Information

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

SPP Polymers IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

SPP Polymers IPO Timeline

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
A 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