SPP Polymer IPO Details
| IPO Size | 24.49 |
| Price Range | ₹59 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹118,000 |
| Pre IPO Promotor Holding | 94.99% |
| Post IPO Promotor Holding | 69.37% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
SPP Polymer IPO Timelines
10/09/2024
Start Date12/09/2024
End Date16/09/2024
Refund Initiation16/09/2024
Credit of Shares to Demat Ac17/09/2024
Listing DateSPP Polymer IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹118,000 |
| Retail Maximum | 1 | 2000 | ₹118,000 |
| HNI Minimum | 2 | 4000 | ₹236,000 |
SPP Polymer IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 22.46 x | 59.87 x | -- | 41.17 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹63 | ₹59.85 | ₹63 | ₹59.85 |
SPP Polymer IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹80.78 | ₹7.84 | ₹0.28 |
| FY 2023 | ₹66.77 | ₹14.72 | ₹0.54 |
| FY 2024 | ₹93.81 | ₹28.83 | ₹0.99 |
| FY 2025 (3 M) | ₹28.96 | ₹14.24 | ₹0.91 |
About Company
SPP Polymers Limited, established in 2004 and based in Rudrapur City, Uttarakhand, manufactures a variety of woven and non-woven fabrics, bags, and yarns. Their main products include HDPE/PP woven fabric and bags, non-woven fabric and bags, and multifilament yarn. The company offers customized solutions to meet client needs, with a production capacity of 12,000 MT for woven fabrics and bags, 4,000 MT for non-woven fabric, and 300 MT for yarn annually. They are certified for quality, safety, and environmental management with ISO and other accreditations. Their products cater mainly to industries like agro-pesticides, cement, chemicals, fertilizers, food, textiles, ceramics, and steel. As of December 2024, the company employs four people.
Peers
- Rishi Techtex Ltd.
- Emmbi Industries Ltd
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2004 | Packaging | Dipak Goyal |
Know Before Investing
SPP Polymer IPO Strengths
- SPP Polymers is committed to maintaining high standards, as evidenced by its multiple ISO certifications for quality, safety, and environmental management.
- The company benefits from a seasoned promoter and management team, bringing valuable industry expertise to drive growth and innovation.
- With a wide variety of products, SPP Polymers serves a broad customer base across multiple industries. Their long-standing relationships with clients highlight their reliability and customer satisfaction.
SPP Polymer IPO Risks
- The company’s revenue is heavily dependent on industries like agro-pesticides, cement, chemicals, and textiles. Any downturn in these sectors could significantly impact their financial performance.
- With only four employees as of December 2024, the company’s limited workforce could pose operational challenges, especially if they face increased demand or need to manage complex projects.
- Although they have a diversified customer base, a portion of their revenue might still come from a few key clients. Losing a major client could adversely affect their business.
Swot Analysis for SPP Polymer IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
SPP Polymer Limited
Bearing No DPT212, DLF Prime Tower
Okhla Industrial Estate, Phase 1
New Delhi-110020
Phone: +91 91 594429775
Email: [email protected]
Website: http://www.spppolymer.com/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of SPP Polymer IPO are:
- Repayment of Loan
- Working capital requirement
- General Corporate Purpose
- Interactive Financial Services Ltd.
are the book-running lead managers for the SPP Polymer IPO.