SPP Polymers IPO GMP : SPP Polymers IPO GMP is Open on 10 September 2024 and Close on 12 September 2024. SPP Polymers IPO to Raise 4,150,000 shares (Approx ₹24.49 Cr) via IPO. The Fresh issue of 4,150,000 shares (Approx ₹24.49 Cr).
SPP Polymer engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. We offer packaging solutions to Business to Business (“B2B”) manufacturers catering to different industries such as cements, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.
We believe that we have well equipped production facility with well -versed quality section which help us to deliver consistently high-quality products to the customer at the most competitive price. Our manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the process to ensure that our finished product conforms to the exact requirement of our customers.
Our infrastructure and team of experts also allow us to provide a comprehensive range to our clients as per their needs and requirements. Raw Material used for our production are sourced from the most reliable vendors and quality of the raw material is tested in our laboratory before taking them for further production. SPP Polymer Limited has an in-house
quality testing laboratory to ensure the compliance with global standards at all the levels of production. We have our testing labs with latest equipment in our premises. All the products pass through various stringent quality tests, which include –
- Tensile Strength testing
- Elongation testing
- Dart Impact
- Drop test
- Water resistance test
- UV Exposure and weathering test and many more test
SPP Polymers IPO Date & Price Band Details
| IPO Open Date | 10 Sep 2024 |
|---|---|
| IPO Close Date | 12 Sep 2024 |
| IPO Size | 4,150,000 shares (Approx ₹24.49 Cr) |
| Fresh Issue | 4,150,000 shares (Approx ₹24.49 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹59 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
SPP Polymers IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| S-HNI Minimum | 2 | 4000 | ₹236,000 |
Object of the Issue
- Repayment of Loan.
- Working capital requirement.
- General Corporate Purpose.
SPP Polymers IPO Allotment & Listings (Details)
| IPO Open Date | 10 Sep 2024 |
|---|---|
| IPO Close Date | 12 Sep 2024 |
| Basis of Allotment | 13 Sep 2024 |
| Refunds | 16 Sep 2024 |
| Credit to Demat Account | 16 Sep 2024 |
| IPO Listing Date | 17 Sep 2024 |
SPP Polymers Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| June 2024 | ₹28.96 | ₹14.24 | ₹0.91 |
| 2024 | ₹93.81 | ₹28.83 | ₹0.99 |
| 2023 | ₹66.77 | ₹14.72 | ₹0.54 |
| 2022 | ₹80.78 | ₹7.84 | ₹0.28 |
Our Company Promoters
- Mahavir Bahety
- Liladhar Mundhara
- Dipak Goyal
- Asha Ram Bahety
Qualitative Factors
- Quality Assurance.
- Experienced Promoter and Management Team.
- Our Product portfolio.
- Diversified customer base and long-standing relationship with our customers.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| SPP Polymer Limited | 10.00 | 0.88 | 66.72 | 3.52 | 22.24 | 9381.29 |
| Peer Group | ||||||
| Rishi Techtex Limited | 10.00 | 1.82 | 33.90 | 4.23 | 43.09 | 11,196.16 |
| EMMBI Industries Limited | 10.00 | 5.62 | 21.89 | 5.85 | 961.69 | 37759.60 |
Also Read: Gajanand International IPO
SPP Polymers Company Contact Details
Bearing No DPT212, DLF Prime Tower, Okhla Industrial Estate, Phase 1,
New Delhi-110020, India
Telephone No.: +91 5944297751,
Web site: www.spppolymer.com
E-Mail: cs@spppolymer.com
Contact Person: Chetna Shoor
SPP Polymers Lead Manager
Interactive Financial Services Limited
Office No. 508, Fifth Floor, Priviera, Nehru Nagar, Ahmedabad – 380 015, Gujarat, India
Tel No.: +91 7935217439
Website: www.ifinservices.in
Email: mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Pradip Sandhir
SPP Polymers IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel. Number: +91 40 6716 2222
Email Id: spppolymer.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
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