SPP Polymers IPO Subscription Status: SPP Polymers IPO 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 is 4,150,000 shares (Approx ₹24.49 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
The SPP Polymers IPO is an SME IPO and Listed on NSE SME. SPP Polymers IPO Price Band is Fixed at ₹59 Equity Share. SPP Polymers IPO Lot Size is 2000 Shares.
Also Read: SPP Polymers IPO GMP, Price, Date, Review & Latest IPO Details
SPP Polymers IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Non Institutional Buyers (NIIs) | 19,70,000 | 4,40,36,000 | 22.35 |
| Retail Individual Buyers (RIIs) | 19,70,000 | 11,79,50,000 | 59.87 |
| Market Maker | 2,10,000 | 2,10,000 | 1 |
| Total | 39,40,000 | 17,05,64,000 | 43.29 |
SPP Polymers IPO Subscription Status day-by-day-
| Categories | 10 Sep | 11 Sep | 12 Sep |
|---|---|---|---|
| NII | 1.25 | 2.98 | 22.35 |
| RII | 9.48 | 21.13 | 59.87 |
| Total | 5.36 | 12.05 | 43.29 |
About IPO :
SPP Polymers 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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
SPP Polymers Review From MoneyMintIdea –
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