SPP Polymers Limited, formerly known as SPP Food Products Private Limited, 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
The company offers customized solutions according to its clients’ specifications. Its installed capacity of HDPE/PP Woven Fabric and bags totals 12000 MT, Non-woven Fabric 4000 MT, and Multifilament Yarn 300 MT per annum.
The company has received ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for its quality management system, occupational health and safety management system, and environmental management system.
The company’s products primarily serve customers in the agro-pesticides, Cement, Chemical, fertilizers, Food Products, Textile, Ceramic, and Steel industries.
As of December 31, 2024 the company has 4 employees on its payroll.
SPP Polymers IPO – Details
| IPO Opening Date | 10 September 2024 |
| IPO Closing Date | 12 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 41,50,000 Shares Worth ₹24.49 Crore Fresh Issue: 41,50,000 Shares Worth ₹24.49 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹59 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
SPP Polymers IPO – Date Schedule
| IPO Open Date | 10 September 2024 |
| IPO Close Date | 12 September 2024 |
| Basis of Allotment | 13 September 2024 |
| Initiation of Refund | 16 September 2024 |
| Credit of Shares to Demat Account | 16 September 2024 |
| IPO Listing Date | 17 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
SPP Polymers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,18,000 |
| Retail (Max) | 1 | 2000 | ₹1,18,000 |
| HNI (Min) | 2 | 4000 | ₹2,36,000 |
Competitive Strengths
- Quality Assurance.
- Experienced Promoter and Management Team.
- Company’s Product portfolio.
- Diversified customer base and long-standing relationship with the customers.
Company Promoters
- Dipak Goyal
- Mahavir Bahety
- Liladhar Mundhara
- Asha Ram Bahety
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 80.77 | 80.37 | 0.28 | 12.62 |
| 31 March 2023 | 66.77 | 65.75 | 0.54 | 22.15 |
| 31 March 2024 | 93.81 | 92.38 | 0.99 | 18.97 |
| 30 June 2024 | 28.95 | 27.63 | 0.91 | 18.71 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.01% |
| ROCE | 4.27% |
| Debt/Equity | 0.71 |
| RoNW | 3.98% |
| P/BV | 2.65 |
| PAT Margin (%) | 1.08 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.88 | 2.37 |
| P/E (x) | 66.72 | 24.86 |
Object Of The Issue
- Repayment of Loan.
- Working capital requirement.
- General corporate purposes.
SPP Polymers IPO Promoter Holding
| Pre Issue Share Holding | 94.99% |
| Post Issue Share Holding | 69.37% |
SPP Polymers IPO Prospectus
- SPP Polymers IPO DRHP
- SPP Polymers IPO RHP
Company Contact Information
| SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020 Phone: +91 91 594429775 Email: cs@spppolymer.com Website: http://www.spppolymer.com/ |
SPP Polymers IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
SPP Polymers IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd |
SPP Polymers IPO FAQs
| What is SPP Polymers IPO? SPP Polymers IPO is a SME IPO. The issue is priced at ₹59 per equity share. The IPO is to be listed on NSE SME. |
| When SPP Polymers IPO will open? The IPO is to open on 10 September 2024 for QIB, NII, and Retail Investors. |
| What is SPP Polymers IPO Investors Portion? The investors’ portion for Retail – 50% and Other – 50%. |
| How to Apply the SPP Polymers IPO? You can apply SPP Polymers 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 the SPP Polymers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “SPP Polymers IPO”. Click on 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 Angle One. |
| How to Apply the SPP Polymers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “SPP Polymers IPO“. Click on 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 5 Paisa. |
| How to Apply the SPP Polymers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “SPP Polymers IPO”. Click on 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 Upstox. |
| How to Apply the SPP Polymers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “SPP Polymers IPO”. Click on 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 IIFL. |
| What is SPP Polymers IPO Size? SPP Polymers IPO size is ₹24.49 Crore. |
| What is SPP Polymers IPO Price Band? SPP Polymers IPO Price Band is ₹59. |
| What is SPP Polymers IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,18,000 amount while the maximum bid is 2000 Shares with ₹1,18,000. |
| What is the SPP Polymers IPO Allotment Date? SPP Polymers IPO allotment date is 13 September 2024. |
| What is the SPP Polymers IPO Listing Date? SPP Polymers IPO listing date is 17 September 2024. The IPO is to be listed on NSE SME. |
