The SPP Polymer IPO will open on September 10, 2024, and close on September 12, 2024. It is a Fixed Price Issue, with the company looking to raise around ₹24.49 crores. This includes a fresh issue worth ₹24.49 crores along with an offer for sale of equity shares, each having a face value of ₹10.
The IPO is priced at ₹59 per share, with the allocation breakdown as follows: 50% for retail investors, 50% for High Net-Worth Individuals (HNIs), and no allocation for Qualified Institutional Buyers (QIBs). The shares are expected to list on the NSE on September 17, 2024, with the allotment date set for September 13, 2024.
Financially, SPP Polymer has shown growth, reporting revenues of ₹93.81 crores in 2024, up from ₹66.77 crores in 2023. The company’s profit increased to ₹0.99 crores in 2024, compared to ₹0.54 crores the previous year. With these encouraging financials, the IPO is viewed as a solid long-term investment opportunity.
SPP Polymer IPO Objectives:
The company plans to utilize the net proceeds from the IPO for the following purposes, as per the proposed implementation schedule:
Loan repayment
Meeting working capital requirements
General corporate purposes
SPP Polymer IPO Review (Should You Apply?):
Review and recommendations will be updated soon.
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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 lot size for the SPP Polymer IPO is 2,000 shares, with a required investment of ₹118,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,18,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,18,000 |
| HNI Minimum | 2 | 4000 | ₹ 2,36,000 |
SPP Polymer IPO Timeline:
The SPP Polymer IPO will be open for subscription from September 10 to September 12, 2024. The allotment is expected to be finalized on September 13, 2024, and the shares are slated to list 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:
The Grey Market Premium (GMP) for the SPP Polymer SME IPO has not yet started. We are updating the GMP details regularly, so please check back soon for the latest information.
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, previously known as SPP Food Products Private Limited, was founded in 2004 and is headquartered in Rudrapur City, Uttarakhand. The company specializes in manufacturing HDPE/PP woven fabrics and bags, nonwoven fabrics, and multifilament yarns. Focused on sustainable growth, transparency, and reliability, SPP Polymer has invested in state-of-the-art production facilities and quality control to ensure the delivery of top-notch products at competitive prices. The company holds an ISO 9001:2008 certification and boasts an annual production capacity of 12,000 MT of HDPE/PP woven fabrics and bags, 4,000 MT of nonwoven materials, and 300 MT of multifilament yarns. SPP Polymer supplies over 1 million HDPE/PP woven poly bags per month to various industries, including cement, packaging, and fertilizers.
SPP Polymer IPO Financial Report:
In 2024, the company reported a revenue of ₹93.81 crores, an increase from ₹66.77 crores in 2023. The profit also grew, rising from ₹0.54 crores in 2023 to ₹0.99 crores in 2024.
| 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 |
| Jun-24 | ₹ 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 | 33.9 | 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
What is the SPP Polymer IPO?
SPP Polymer IPO is an SME IPO through which the company aims to raise ₹24.49 crores. The issue price is set at ₹59 per equity share, and the IPO will be listed on the NSE.
When will the SPP Polymer IPO open for subscription?
The IPO will open on September 10, 2024, for QIB, NII, and retail investors, and will close on September 12, 2024.
What is the allocation for SPP Polymer IPO investors?
The allocation is as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
How can I apply for the SPP Polymer IPO?
You can apply for the SPP Polymer SME IPO online via ASBA through your bank account. Alternatively, you can apply via UPI through your stockbroker or by submitting an offline form through your broker.
What is the issue size of the SPP Polymer IPO?
The total issue size of the SPP Polymer SME IPO is ₹24.49 crores.
What is the price band for the SPP Polymer IPO?
The price band for the IPO is ₹59 per share.