SPP Polymer IPO Date, Review, Price, Allotment Details

SPP Polymer IPO is opening for subscription on September 10, 2024, and closing on September 12, 2024. This NSE SME IPO aims to raise ₹24.49 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the SPP Polymer IPO is fixed at ₹59 Per Share, with a market lot of 2000 share.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). SPP Polymer IPO Allotment will done on September 13, 2024, and SPP Polymer IPO listing date is September 17, 2024.

 

SPP Polymer Company Profile

Founded in 2004, SPP Polymer Limited (formerly SPP Food Products Private Limited) specializes in providing bulk packaging solutions to B2B manufacturers across various industries, including cement, chemicals, food, sugar, polymers, and agriculture. The company manufactures woven and non-woven HDPE/PP fabrics and sacks, with operations based in Rudrapur City, Uttarakhand.

Manufacturing and Quality

SPP Polymer boasts a well-equipped manufacturing facility and a competent quality control department. Their stringent quality control measures ensure the delivery of high-quality products at competitive prices. The company’s infrastructure and expert team support a comprehensive range of packaging solutions tailored to customer needs.

IPO Strengths

• Strong quality assurance processes.
• Experienced management team.
• Extensive product portfolio.
• Diverse and long-standing customer relationships.

 

SPP Polymer IPO GMP

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SPP Polymer IPO Objectives

The funds raised through the IPO will be utilized for:

1. Repayment of loan
2. Working capital requirements
3. General corporate purposes

 

SPP Polymer IPO Key Details

• SPP Polymer IPO Open Date: September 10, 2024
• SPP Polymer IPO Close Date: September 12, 2024
• SPP Polymer IPO Size: Approximately ₹24.49 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• SPP Polymer IPO Price Band: ₹59 Per Equity Share
• SPP Polymer IPO Listing on: NSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

SPP Polymer IPO Timeline

• SPP Polymer IPO Open Date: September 10, 2024
• SPP Polymer IPO Close Date: September 12, 2024
• Basis of Allotment: September 13, 2024
• Refunds: September 16, 2024
• Credit to Demat Account: September 16, 2024
• SPP Polymer IPO Listing Date: September 17, 2024

 

How to Apply for SPP Polymer IPO

Investors can apply for the SPP Polymer IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

SPP Polymer Financial Performance (in Crores)

• Year 2022: Revenue ₹80.78, Expense ₹7.84, Profit After Tax ₹0.28, Assets ₹38.22
• Year 2023: Revenue ₹66.77, Expense ₹14.72, Profit After Tax ₹0.54, Assets ₹54.18
• Year 2024: Revenue ₹93.81, Expense ₹28.83, Profit After Tax ₹0.99, Assets ₹70.92
• June 2024: Revenue ₹28.96, Expense ₹14.24, Profit After Tax ₹0.91, Assets ₹76.19

 

SPP Polymer Valuation FY2024

• Return on Equity (ROE): 8.01%
• Return on Capital Employed (ROCE): 9.13%
• EBITDA Margin: 6.68%
• Profit After Tax (PAT) Margin: 1.08%
• Debt to Equity Ratio: 0.75
• Earnings Per Share (EPS): ₹0.88 (Basic)
• Price/Earnings (P/E) Ratio: 4.54
• Return on Net Worth (RoNW): 3.98%
• Net Asset Value (NAV): ₹22.24

 

SPP Polymer Peer Group

• Rishi Techtex Limited: EPS ₹1.82, PE Ratio 33.90, RoNW 4.23%, NAV ₹43.09, Income ₹111.96 Cr.
• EMMBI Industries Limited: EPS ₹5.62, PE Ratio 21.89, RoNW 5.85%, NAV ₹961.69, Income ₹377.60 Cr.

 

SPP Polymer Company Promoters

• Dipak Goyal
• Mahavir Bahety
• Liladhar Mundhara
• Asha Ram Bahety.

 

SPP Polymer IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com

SPP Polymer IPO Allotment Status Check

• Check the SPP Polymer IPO allotment status on the Kfin Technologieswebsite.

 

SPP Polymer IPO Allotment Link

• Check the SPP Polymer IPO allotment on the Check Ipo Allotment website.

 

SPP Polymer IPO Lead Managers (Merchant Bankers)

• Interactive Financial Services Ltd

 

SPP Polymer Company Address

Bearing No DPT212, DLF Prime
Tower, Okhla Industrial Estate, Phase 1
New Delhi,Delhi-110 020   India
Website: http://www.spppolymer.com/
Phone: +91 91 594429775
Email: cs@spppolymer.com

SPP Polymer IPO FAQs

What is SPP Polymer IPO?

SPP Polymer IPO is an NSE SME IPO. They are going to raise ₹24.49 Crores via IPO. The issue is priced at ₹59 Per equity share. The IPO is to be listed on NSE.

 

When will the SPP Polymer IPO open?

The IPO is to open on September 10, 2024, for NII, and Retail Investors.

 

What is SPP Polymer IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply for the SPP Polymer IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the SPP Polymer IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the SPP Polymer IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is SPP Polymer IPO Size?

SPP Polymer IPO size is ₹24.49 Crores.

 

What is SPP Polymer IPO Price Band?

SPP Polymer IPO Price Band is ₹59 Per equity share.

 

What is SPP Polymer IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹118,000.

 

What is SPP Polymer IPO Allotment Date?

SPP Polymer IPO allotment date is September 13, 2024.

 

What is SPP Polymer IPO Listing Date?

SPP Polymer IPO listing date is September 17, 2024. The IPO to list on NSE SME IPO.