IPO

SPP Polymer Limited IPO

NSE SME

Listed On: Sep 17, 2024 at ₹ 63.0

₹ 236000 /4000 Shares
*Min Investment

Check Allotment

10 Sep, 2024

Open Date

12 Sep, 2024

Close Date

13 Sep, 2024

Allotment Date

17 Sep, 2024

Listing Date
SPP Polymer IPO Issue Details
  • Issue Price ₹59 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 41,50,000 shares(aggregating up to ₹24.49 crore)
  • Fresh Share 41,50,000 shares(aggregating up to ₹24.49 crore)
  • Listing at NSE SME
  • List Price 63.0
  • Listing Date 2024-09-17
  • Lead Manager Interactive Financial Services Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,18,000
Retail(max)12000₹1,18,000
NII (min) 24000₹2,36,000
SPP Polymer IPO Reservation

SPP Polymer IPO offers total 41,50,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,19,70,000 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered2,10,000 (5.06%)
Retail Shares Offered19,70,000 (47.47%)
Total Shares Offered41,50,000 (100%)
SPP Polymer IPO Documents
DRHP
SPP Polymer IPO Details


SPP Polymer Limited IPO is an SME IPO, priced at ₹59 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 41,50,000 equity shares, aggregating up to ₹24.49 crores..

The IPO bidding window is open from Sep 10, 2024 to Sep 12, 2024. The allotment is expected to be finalized on Sep 13, 2024, and the tentative listing date is Sep 17, 2024.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,18,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,36,000.

Interactive Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and B.N. Rathi Securities Limited will act as the market maker for this issue.

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SPP Polymer IPO Subscription Analysis And Details
Retail
59.87x
Total
41.17x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,970,0001,970,0003,940,000
Day 1 10-09-24 06:00 PM
1.25 x9.48 x5.36 x
Day 2 11-09-24 06:00 PM
2.98 x21.13 x12.05 x
Day 3 12-09-24 06:00 PM
22.46 x59.87 x41.17 x
Total No of Applications
58,975
SPP Polymer Valuations
EPS Pre IPO ₹0.88/-
EPS Post IPO ₹2.37/-
P/E Pre IPO 66.72
P/E Post IPO 24.86
ROE 8.01%
ROCE 4.27%
Debt/Equity 0.71
RoNW 3.98%
PAT Margin 1.08
Price to Book Value 2.65
SPP Polymer Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets7,091.895,417.983,821.87
Revenue9,381.296,677.478,077.96
Profit After Tax99.454.4228.01
Net Worth2,500.32,433.641,971.82
Reserves & Surplus1,408.932,152.611,697.22
Total Borrowing1,897.822,215.181,262.21
About SPP Polymer Company

In the year 2004, SPP Polymers Limited was incorporated as SPP Food Products Private Limited. The company is a manufacturer of a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is located in Rudrapur City, Uttarakhand.

The product portfolio comprises the following:
HDPE/PP woven Fabric
HDPE/PP Woven Bags
Non-woven Fabric
Non -woven Bags
Multifilament PP Yarn

Customized solution according to its clients' requirements is offered by the company. HDPE/PP Woven Fabric and bags 12000 MT and Non-woven Fabric 4000 MT along with Multifilament Yarn 300 MT are manufactured per annum.ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for the quality management system, occupational health and safety management system, and environment management system respectively have been accorded to the company.

The company's products mainly cater to customers in the agro-pesticides, Cement, Chemical, fertilizers, Food Products, Textile, Ceramic, and Steel industries.

By 31 December 2024 the company had an employee headcount of 4 on its payroll.

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SPP Polymer - Promoter(s)

Dipak Goyal

Mahavir Bahety

Liladhar Mundhara

Asha Ram Bahety

Pre Issue Share Holding : 94.99%

Post Issue Share Holding : 69.37%

SPP Polymer IPO - Issue Objectives
1

Repayment of Loan

2

Working capital requirement

3

General corporate purposes

SPP Polymer IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
SPP Polimers Limited0.880.8822.2466.723.522.68Standalone
Rishi Techtex Ltd.1.821.8243.0933.94.231.42Standalone
Emmbi Industries Ltd5.625.62961.6921.895.850.13Standalone

Notes:

  1. Considering the nature and size of the business of our Company, the peers are not strictly comparable. However, the above companies are included for broad comparison.
  2. The figures for SPP Polimers Limited are based on the restated standalone financial statements for the year ended March 31, 2024.
  3. The figures for Rishi Techtex Ltd. and Emmbi Industries Ltd. are based on their standalone financial statements for the year ended March 31, 2024, as sourced from their annual reports and stock exchange filings.
  4. CMP of the peer group is as per the closing price available on www.nseindia.com and www.bseindia.com.
  5. P/E Ratio for the peer companies has been computed based on the closing market price of respective equity shares as on August 27, 2024, divided by the Basic/Diluted EPS, as applicable.
Contact Details

SPP Polymer

Bearing No DPT212, DLF Prime Tower, Okhla Industrial Estate, Phase 1, New Delhi-110020

+91 91 594429775

cs@spppolymer.com

http://www.spppolymer.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/