Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Tue, Sep 10, 2024 - Thu, Sep 12, 2024
SPP Polymer IPO is a fixed price issue of ₹24.49 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹24.49 crore.
SPP Polymer IPO bidding started from Sep 10, 2024 and ended on Sep 12, 2024. The allotment for SPP Polymer IPO was finalized on Sep 13, 2024. The shares got listed on NSE SME on Sep 17, 2024.
SPP Polymer IPO price is ₹59 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,18,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,36,000.
Interactive Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is B.N.Rathi Securities Ltd..
Refer to SPP Polymer IPO RHP for detailed Information.
IPO Open
Tue, Sep 10, 2024
IPO Close
Thu, Sep 12, 2024
Issue Price
₹59 per share
Market Cap (Pre-IPO)
₹90.81 Cr
| IPO Date | 10 to 12 Sep, 2024 |
| Listed on | Tue, Sep 17, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹59 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 41,50,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 2,10,000 shares B.N.Rathi Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 39,40,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 39,40,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,12,41,160 shares |
| Share Holding Post Issue | 1,53,91,160 shares |
| NSE Symbol | SPPPOLY |
| ISIN | INE0QR801013 |
SPP Polymer IPO comprises a total issue size of 41,50,000 shares. The net offer to the public is 39,40,000 shares, after excluding 2,10,000 shares allotted on a firm basis. Of the Net offer 19,70,000 (50.00%) allocated to NII 19,70,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,70,000 | 50.00% | 47.47% |
| Retail Shares Offered | 19,70,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,10,000 | 5.06% | |
| Total Shares Offered | 41,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,18,000 |
| Retail (Max) | 1 | 2,000 | ₹1,18,000 |
| HNI (Min) | 2 | 4,000 | ₹2,36,000 |
Incorporated in 2004,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
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 76.19 | 70.92 | 54.18 | 38.22 |
| Total Income | 28.96 | 93.81 | 66.77 | 80.78 |
| Profit After Tax | 0.91 | 0.99 | 0.54 | 0.28 |
| NET Worth | 25.92 | 25.00 | 24.34 | 19.72 |
| Reserves and Surplus | 15.00 | 14.09 | 21.53 | 16.97 |
| Total Borrowing | 18.72 | 18.98 | 22.15 | 12.62 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loan | 7.75 |
| 2 | Working capital requirement | 9.87 |
| 3 | General Corporate Purpose | 5.87 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 8.01% |
| ROCE | 4.27% |
| Debt/Equity | 0.71 |
| RoNW | 3.98% |
| PAT Margin | 1.08% |
| Price to Book Value | 2.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.88 | 2.37 |
| P/E (x) | 66.72 | 24.86 |
| Promoter Holding | 94.99% | 69.37% |
| Market Cap | ₹90.81 Cr. |
The SPP Polymer IPO is subscribed 43.29 times on September 12, 2024 6:20:00 PM (Day 3). The public issue subscribed 59.87 times in the retail category, [.] times in the QIB category, and 22.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 22.35 | 19,70,000 | 4,40,36,000 |
| Retail | 59.87 | 19,70,000 | 11,79,50,000 |
| Total | 43.29 | 39,40,000 | 17,05,64,000 |
Total Application : 58,975
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.74 |
| 2 | Brokerage, selling commission and Marketing | 0.03 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹59.00 |
| Open | ₹63.00 |
| Low | ₹59.85 |
| High | ₹63.00 |
| Last Trade | ₹59.85 |
Lead Manager Reports
SPP Polymer IPO is a SME IPO of 41,50,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹59 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 10, 2024, and closes on Thu, Sep 12, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in SPP Polymer IPO using UPI as a payment gateway. Zerodha customers can apply in SPP Polymer IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SPP Polymer IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SPP Polymer IPO opens on Tue, Sep 10, 2024 and closes on Thu, Sep 12, 2024.
SPP Polymer IPO lot size is 2000, and the minimum amount required for application is ₹1,18,000.
You can apply in SPP Polymer IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SPP Polymer IPO will be done on Friday, September 13, 2024, and the allotted shares will be credited to your demat account by Mon, Sep 16, 2024. Check the SPP Polymer IPO allotment status.
The SPP Polymer IPO listing date is on Tue, Sep 17, 2024.
