The SPP Polymer IPO is scheduled to open on September 10, 2024, and will close on September 12, 2024. Specifically, this is a Fixed Price Issue, with the company aiming to raise approximately ₹24.49 crores. In particular, the IPO comprises a fresh issue of ₹24.49 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
Table of contents
- SPP Polymer IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- SPP Polymer IPO GMP (Grey Market Premium)
- SPP Polymer IPO Application Form PDF
- SPP Polymer IPO Subscription Status
- SPP Polymer IPO Allotment Status
- IPO Review
- SPP Polymer IPO Registrar
- SPP Polymer IPO Lead Manager
- SPP Polymer Limited Contact
- FAQs
SPP Polymer IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | SPP Polimers Limited |
| Industry | Polymer Manufacturing |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 10, 2024 |
| Close Date | September 12, 2024 |
| Total Issue Size | ₹24.49 Crores(4,150,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹24.49 Crores(4,150,000 Equity Shares) |
| Price Band | ₹59 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
SPP Polymer Limited, formerly known as SPP Food Products Private Limited, was established in 2004. Located in Rudrapur City, Uttarakhand, it stands as a leading manufacturer of HDPE/PP woven fabrics and bags, nonwoven fabrics and bags, and multifilament yarns. To support its commitment to sustainable growth, trustworthiness, and transparency, the company has invested in modern production facilities and a quality control unit, ensuring high-quality products at competitive prices. Certified by ISO 9001:2008, SPP Polymer Limited is renowned for its substantial installed capacity, producing 12,000 MT of HDPE/PP woven fabrics and bags, 4,000 MT of nonwovens, and 300 MT of multifilament yarn annually. Consequently, it supplies over 1 million HDPE/PP woven poly bags each month to various industries, including cement, packaging, and fertilizers.
Incorporated in 2004, SPP Polymer Limited specializes in a diverse product range, including:
- HDPE/PP Woven Fabric
- HDPE/PP Woven Bags
- Nonwoven Fabric
- Nonwoven Bags
- Multifilament PP Yarn
Furthermore, the company offers customized solutions tailored to client specifications. With an annual installed capacity of 12,000 MT for HDPE/PP woven fabrics and bags, 4,000 MT for nonwoven fabrics, and 300 MT for multifilament yarn, it maintains high standards across its operations. Additionally, SPP Polymer Limited holds certifications for quality management (ISO 9001:2015), occupational health and safety (ISO 45001:2018), environmental management (ISO 14001:2015), and social accountability (SA 8000:2014). Ultimately, its products cater to industries such as agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel.
Key Dates
| Events | Date |
|---|---|
| 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 |
Financials (₹ in Crores)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹76.19 | ₹70.91 | ₹54.17 | ₹38.21 |
| Revenue | ₹28.95 | ₹93.81 | ₹66.77 | ₹80.77 |
| Profit After Tax | ₹0.91 | ₹0.99 | ₹0.54 | ₹0.28 |
| Net Worth | ₹25.91 | ₹25 | ₹24.33 | ₹19.71 |
| Reserves and Surplus | ₹15 | ₹14.08 | ₹21.52 | ₹16.97 |
| Total Borrowing | ₹18.71 | ₹18.97 | ₹22.15 | ₹12.62 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4000 | ₹236,000 |
The objective of the Issue
- Firstly, repayment of loans.
- Additionally, working capital needs.
- Finally, general corporate purposes.
Company Promoters
- Mr. Dipak Goyal
- Mr. Mahavir Bahety
- Mr. Liladhar Mundhara
- Mr. Asha Ram Bahety
SPP Polymer IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the SPP Polymer IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including SPP Polymer Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
SPP Polymer IPO Application Form PDF
To download the SPP Polymer IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
SPP Polymer IPO Subscription Status
This IPO subscription kicks off on September 10, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
SPP Polymer IPO Allotment Status
To check the SPP Polymer IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, SPP Polymer Limited has a robust manufacturing capability, with a significant installed capacity of 12,000 MT for HDPE/PP woven fabrics and bags, 4,000 MT for nonwoven fabrics, and 300 MT for multifilament yarn annually.
- Additionally, the company’s modern production facilities and quality control measures ensure high standards and cost-effective products.
- Moreover, SPP Polymer has received multiple certifications, including ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014, which highlight its commitment to quality, safety, and environmental management.
- Furthermore, its extensive product range caters to diverse industries such as cement, chemicals, and food products, enhancing its market reach.
- Ultimately, the company’s strong reputation and a substantial monthly output of over 1 million HDPE/PP woven poly bags underscore its established presence in the industry.
Risks:
- Firstly, the company’s reliance on a few key industries for a significant portion of its revenue may expose it to sector-specific downturns.
- Additionally, fluctuations in raw material prices could impact profit margins and operational costs.
- Moreover, being located in Rudrapur City, Uttarakhand, might pose logistical challenges and limit market accessibility compared to competitors in more central locations.
- Furthermore, the industry’s competitive nature means that SPP Polymer must continuously innovate and maintain cost efficiency to stay ahead.
- Finally, any potential disruptions in production or quality control could affect its reputation and client trust.
SPP Polymer IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Telephone: +91-11-40450193-97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
SPP Polymer IPO Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
SPP Polymer Limited Contact
SHARE SAMADHAN LIMITED
B-35, Lower ground Floor, South Extension
Part-II, New Delhi- 110049
Phone: 01149084044
E-mail: info@sharesamadhan.com
Website: www.sharesamadhan.com
FAQs
The SPP Polymer IPO is a Small and Medium Enterprises (SME) IPO. Specifically, the company aims to raise ₹24.49 crores through this IPO. Additionally, the issue is priced at ₹59 per equity share and will be listed on the NSE.
The IPO is set to open for subscription on September 10, 2024, for QIB, NII, and Retail Investors. Subsequently, it will close on September 12, 2024.
In particular, the allocation for investors is as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Investors.
You can apply for the SPP Polymer IPO in several ways. Firstly, you can use ASBA online through your bank account. Alternatively, you may apply via UPI through your stock brokers. Additionally, you can apply by filling out the offline form through your stock brokers.
In summary, the issue size for the SPP Polymer IPO is ₹24.49 crores.
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