SPP Polymer IPO
SPP Polymer is an NSE SME IPO listed on the NSE SME platform, priced at ₹59 per share. The stock debuted at ₹63, delivering a listing gain of 6.8%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,18,000.
SPP Polymer Limited IPO
- IPO Dates
- Sep 10, 2024 – Sep 12, 2024
- Price band
- ₹59 per equity share
- Minimum Investment
- ₹1,18,000
- Issue size
- ₹24.49 Cr
- Lot size
- 2000
- Allotment Date
- Sep 13, 2024
- Listing
- Sep 17, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 10, 2024
Open Date
Completed
-
Sep 12, 2024
Close Date
Completed
-
Sep 13, 2024
Allotment Date
Completed
-
Sep 17, 2024
Listing Date
Completed
SPP Polymer IPO Essentials
SPP Polymer IPO Details
SPP Polymer IPO is priced at ₹59 per share with a total issue size of 24.49 crore. The IPO has a lot size of 2000 shares and is listed on an NSE SME.
- Issue price
- ₹59 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,150,000 shares(aggregating up to ₹24.49 Cr)
- Total issue size
- 41,50,000 shares
(aggregating up to ₹24.49 crore) - Fresh issue
- 41,50,000 shares
(aggregating up to ₹24.49 crore) - Listing at
- NSE SME
- List price
- 63.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Interactive Financial Services Ltd
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,18,000 |
| Retail(max) | 1 | 2000 | ₹1,18,000 |
| NII (min) | 2 | 4000 | ₹2,36,000 |
SPP Polymer IPO Documents
SPP Polymer IPO Reservation
SPP Polymer IPO reservation details show category-wise allocation of shares. Out of the total 41,50,000 shares, approximately 47.47% for retail investors, and 5.06% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 2,10,000 (5.06%) | |
| Retail Shares Offered | 19,70,000 (47.47%) | |
| Total Shares Offered | 41,50,000 (100%) |
SPP Polymer IPO Analytics
SPP Polymer IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
SPP Polymer IPO Subscription Status
SPP Polymer IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,970,000 | 1,970,000 | 3,940,000 |
|
Day 1
10-09-24 06:00 PM
|
(1.25) x | 9.48 x | 5.36 x |
|
Day 2
11-09-24 06:00 PM
|
(2.98) x | 21.13 x | 12.05 x |
|
Day 3
12-09-24 06:00 PM
|
(22.46) x | 59.87 x | 41.17 x |
SPP Polymer Valuations
Earnings
- EPS Pre IPO
- ₹0.88/-
- EPS Post IPO
- ₹2.37/-
- P/E Pre IPO
- 66.72
- P/E Post IPO
- 24.86
Returns
- ROE
- 8.01%
- ROCE
- 4.27%
- RoNW
- 3.98%
- PAT Margin
- 1.08
Fundamentals
- Debt / Equity
- 0.71
- Price / Book
- 2.65
SPP Polymer Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,091.89 | 5,417.98 | 3,821.87 |
| Revenue | 9,381.29 | 6,677.47 | 8,077.96 |
| Profit After Tax | 99.4 | 54.42 | 28.01 |
| Net Worth | 2,500.3 | 2,433.64 | 1,971.82 |
| Reserves & Surplus | 1,408.93 | 2,152.61 | 1,697.22 |
| Total Borrowing | 1,897.82 | 2,215.18 | 1,262.21 |
SPP Polymer Company & Offer Insights
About SPP Polymer
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.
SPP Polymer Promoter(s)
Dipak Goyal, Mahavir Bahety, Liladhar Mundhara, Asha Ram Bahety are the company's promoters of SPP Polymer.
SPP Polymer IPO Issue Objectives
- •
- Repayment of Loan
- •
- Working capital requirement
- •
- General corporate purposes
SPP Polymer IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| SPP Polimers Limited | 0.88 | 0.88 | 22.24 | 66.72 | 3.52 | 2.68 | Standalone |
| Rishi Techtex Ltd. | 1.82 | 1.82 | 43.09 | 33.9 | 4.23 | 1.42 | Standalone |
| Emmbi Industries Ltd | 5.62 | 5.62 | 961.69 | 21.89 | 5.85 | 0.13 | Standalone |
Notes:
- 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.
- The figures for SPP Polimers Limited are based on the restated standalone financial statements for the year ended March 31, 2024.
- 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.
- CMP of the peer group is as per the closing price available on www.nseindia.com and www.bseindia.com.
- 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 Information
Contact Details
SPP Polymer
+91 91 594429775
Bearing No DPT212, DLF Prime Tower, Okhla Industrial Estate, Phase 1, New Delhi-110020
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
SPP Polymer IPO is a Fixed Priced IPO worth ₹24.49 crore. The issue price is ₹59 per share (fixed price). The IPO opens on Sep 10, 2024 and closes on Sep 12, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The issue price of SPP Polymer IPO is ₹59 per share (fixed price).
The lot size of SPP Polymer IPO is 2000 shares.
The minimum investment for SPP Polymer IPO is approximately ₹1,18,000 based on the issue price .
SPP Polymer IPO opens on Sep 10, 2024 and closes on Sep 12, 2024.
The allotment date of SPP Polymer IPO is Sep 13, 2024.
SPP Polymer IPO is expected to be listed on Sep 17, 2024, on NSE SME Platform.
SPP Polymer IPO valuation snapshot: P/E 24.86, EPS ₹2.37/-, P/B 2.65, RoNW 3.98%, and market cap N/A.
To apply for SPP Polymer IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of SPP Polymer IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for SPP Polymer IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check SPP Polymer IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the SPP Polymer IPO allotment status on IPO Ji for quick and easy access.