SPP Polymer Limited IPO Overview
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
SPP Polymer Limited IPO Important Dates
| 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 |
| The 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 |
SPP Polymer Limited IPO Financial Performance
Financial Summary of SPP Polymers Limited (₹ in Crores)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹76.19 crores | ₹70.92 crores | ₹54.18 crores | ₹38.22 crores |
| Revenue | ₹28.96 crores | ₹93.81 crores | ₹66.77 crores | ₹80.78 crores |
| Profit After Tax | ₹9.13 crores | ₹9.94 crores | ₹5.44 crores | ₹2.80 crores |
| Net Worth | ₹25.92 crores | ₹25.00 crores | ₹24.34 crores | ₹19.72 crores |
| Reserves and Surplus | ₹15.00 crores | ₹14.09 crores | ₹21.53 crores | ₹16.97 crores |
| Total Borrowing | ₹18.72 crores | ₹18.98 crores | ₹22.15 crores | ₹12.62 crores |
SPP Polymer Limited IPO Key Performance Indicator
The market capitalization of SPP Polymers IPO is Rs 90.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 8.01% |
| ROCE | 4.27% |
| Debt/Equity | 0.71 |
| RoNW | 3.98% |
| P/BV | 2.65 |
| PAT Margin (%) | 1.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.88 | 2.37 |
| P/E (x) | 66.72 | 24.86 |
SPP Polymer Limited IPO Objectives
The company proposes to deploy the Net Proceeds for the aforesaid purposes under the estimated schedule of implementation for the following objects
- Repayment of Loan
- Working capital requirement
- General corporate purposes1
SPP Polymer Limited 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 regarding shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |
SPP Polymer Limited 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 Polymer Limited Company Overview and Services
Incorporated in 2004, SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a leading manufacturer of high-quality HDPE/PP woven fabrics and bags, non-woven fabrics and bags, and multifilament yarn. Based in Rudrapur City, Uttarakhand, the company is renowned for its extensive product range and commitment to quality.
Product Portfolio:
- HDPE/PP Woven Fabric: Durable and versatile, ideal for various industrial applications.
- HDPE/PP Woven Bags: Strong and reliable for packaging and transportation needs.
- Non-Woven Fabric: Suitable for a range of uses from medical to industrial.
- Non-Woven Bags: Eco-friendly alternatives for retail and industrial purposes.
- Multifilament PP Yarn: High-performance yarn for diverse textile applications.
Production Capacity:
- HDPE/PP Woven Fabric and Bags: 12,000 MT per annum
- Non-Woven Fabric: 4,000 MT per annum
- Multifilament Yarn: 300 MT per annum
Certifications:
SPP Polymers Limited is accredited with ISO 9001:2015 for Quality Management, ISO 45001:2018 for Occupational Health and Safety, ISO 14001:2015 for Environmental Management, and SA 8000:2014 for Social Accountability.
Industry Applications:
The company’s products cater to a variety of sectors, including agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel industries.
Workforce:
As of December 31, 2024, SPP Polymers Limited employs 4 dedicated professionals.
SPP Polymers Limited is dedicated to delivering customized solutions tailored to client specifications, ensuring high standards of quality and reliability in every product.
SPP Polymer Limited IPO SWOT Analysis
Strengths:
- Established Manufacturing Capabilities: SPP Polymers Limited boasts a substantial installed capacity, including 12,000 MT for HDPE/PP woven fabrics and bags, 4,000 MT for non-woven fabrics, and 300 MT for multifilament yarn per annum.
- Diverse Product Portfolio: The company offers a wide range of products, including HDPE/PP woven and non-woven fabrics and bags, and multifilament yarn, catering to various industrial sectors.
- Quality Certifications: The company is accredited with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014, demonstrating its commitment to quality, safety, and environmental management.
- Custom Solutions: SPP Polymers provides customized solutions tailored to client specifications, enhancing its appeal to diverse industries.
Weaknesses:
- Limited Workforce: With only 4 employees as of December 31, 2024, the company’s small workforce may limit its capacity to handle larger orders or expand operations rapidly.
- Geographic Concentration: The company’s operations are based in Rudrapur City, Uttarakhand, which may restrict its market reach and accessibility to larger markets.
- Dependence on Specific Industries: The company’s products primarily serve specific industries like agro-pesticides, cement, chemicals, and textiles, making it vulnerable to sector-specific downturns.
Opportunities:
- Market Expansion: There is potential for growth through expanding into new geographic regions and industries beyond the current sectors served.
- Innovation in Product Offerings: Advancements in product technology and new product development can attract additional customers and open new market segments.
- Sustainability Trends: Increased demand for eco-friendly and sustainable packaging solutions presents an opportunity for growth in non-woven and biodegradable products.
Threats:
- Intense Competition: The market for polymers and fabrics is highly competitive, with numerous established players potentially affecting market share and pricing strategies.
- Economic Fluctuations: Economic downturns or fluctuations in raw material prices can impact profitability and operational efficiency.
- Regulatory Changes: Changes in environmental regulations or safety standards could increase compliance costs and impact operations.
SPP Polymer Limited IPO GMP Details
The GMP for Gajanand International SME IPO has started. It is still very early to determine the direction of the GMP. Stay tuned to learn more about Gajanand International SME IPO daily GMP performance and expected listing price.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 07-09-2024 | 59.00 | ₹25  |
38000 | ₹84 (42.37%) | 7-Sep-2024 |
| 06-09-2024 | 59.00 | ₹25  |
38000 | ₹84 (42.37%) | 6-Sep-2024 |
| 05-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 5-Sep-2024 |
| 04-09-2024 | 59.00 | ₹0 |
— | ₹59 (0%) | 4-Sep-2024 |
SPP Polymer Limited IPO subscription status
Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
SPP Polymer Limited IPO Allotment status
The allotment status of SPP Polymers IPO is expected to be available on September 13, 2024.
SPP Polymers IPO allotment status is not available at this time. SPP Polymers IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for SPP Polymer Limited IPO allotment status.
To check SPP Polymers IPO allotment status, follow the steps below:
- Click on the allotment status check button below.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call 04067162222, 04079611000, or send an email with all relevant details to einward.ris@kfintech.com.
SPP Polymer Limited IPO Contact Details
SPP Polymer 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/
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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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