SPP Polimers Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹59 - ₹59
- Lot size
- 2,000 shares
- Issue amount
- ₹24.49 cr
- Total subscription
- 41.17×
- Opens
- 10 Sept 2024
- Closes
- 12 Sept 2024
- Allotment
- 13 Sept 2024
- Listing
- 17 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 41,50,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,18,000
- Fresh issue
- ₹24.49 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,18,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,12,41,160
- Shares after issue
- 1,53,91,160
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,18,000 |
| HNI | 2 | 4,000 | ₹2,36,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 11.62 | 695.9 |
| NIB | 11.62 | 261.05 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0.88 | 1.96 | 1.25 |
| ROE | 8.01 | 4.94 | 3.33 |
| ROCE | 9.13 | 5.45 | 4.04 |
| RONW | 3.98 | 2.24 | 1.42 |
| PRE IPO(PE) | 66.72 | 0 | 0 |
| POST IPO(PE) | 24.86 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a trusted manufacturer based in Rudrapur City, Uttarakhand, established in 2004. The company specializes in producing HDPE/PP woven and non-woven fabrics, bags, and multifilament yarn. The product range includes HDPE/PP woven fabric, HDPE/PP woven bags, non-woven fabric, non-woven bags, and multifilament PP yarn. With an annual production capacity of 12000 MT for woven fabric and bags, 4000 MT for non-woven fabric, and 300 MT for multifilament yarn, SPP Polymers serves industries like agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel. The company holds ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014 certifications, reflecting its commitment to quality, safety, and environmental standards. As of December 31, 2024, SPP Polymers operates with a dedicated team of 4 employees, delivering customized solutions to meet client needs.
Strengths
- Quality Assurance: The company follows strict quality checks at every step to deliver top-notch products and services.
- Experienced Leadership Team: The company is led by experienced promoters and managers with a proven track record in the industry.
- Wide Product Range: The company offers a variety of products and services that meet different customer needs, helping it reach more clients across various sectors.
Risk factors
- Ongoing Legal Cases: The company is involved in some pending criminal, civil, and tax cases, which could lead to fines or payouts, affecting its financial health and day-to-day operations.
- Low Profit Margins: The company earns lower profits compared to others in the industry, which might impact its overall growth and market competitiveness.
- Regulatory Compliance Issues: Mistakes or delays in filing documents with the Registrar of Companies (RoC) could cause legal troubles and hurt the company’s reputation and efficiency.
Promoters
Dipak Goyal, Mahavir Bahety
Liladhar Mundhara
Asha Ram Bahety
Registrar & documents
Lead manager
Interactive Financial Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020
+91 91 594429775
[email protected]Company website ↗Understanding SPPPOLY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.