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 |
