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- SPP Polymer Ltd
SPP Polymer Ltd IPO
Company is an ISO 9001:2015 certified engaged in manufacturing of HDPE/PP woven fabric & bags, Non-woven fabrics & bags and PP Multifilament yarn. The Company offer packaging solutions to Business to Business (B2B) manufacturers catering to different industries such as cements, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities. It has manufacturing plant at Pantnagar, in Uttarkhand. It has installed capacity of HDPE/PP Woven Fabric and bags 9125 MT and NonWoven Fabric 3600 MT. Apart from this, it provide customized solutions as per the specifications detailed by clients. The Company is also ISO 45001: 2018 and SA 8000:2014 certified occupational health & safety management system and environment management system.
Secondly, the leno fabrics are used for packing of vegetables, fruits etc. These fabrics are light in weight and ideally suited for packaging corrugated or wooden boxes, cloth bales, machinery, and many other finished goods for complete protection. They are used in making of bags, sacks, packing for Textiles, Upholstery, Carpets, Making Tarpaulin Covers, and Open-Air Storage. The fabric is available in laminated and unlaminated form through in-house lamination facility. HDPE (High-Density Polyethylene) and PP (Polypropylene) woven fabrics are versatile materials that find applications in various industries. These woven fabrics are made by weaving together plastic strips/ yarns, resulting in a strong and durable fabric with excellent tear resistance and tensile strength.
The Company is proposing the Initial Public Offer of 42,00,000 fresh issue equity shares.
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SPP Polymer Ltd IPO Timeline
SPP Polymer Ltd IPO opens on 10-Sep-2024, and closes on 12-Sep-2024. The SPP Polymer Ltd IPO bid date is from 10-Sep-2024 to 12-Sep-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| SPP Polymer Ltd IPO Opening Date | 10-Sep-2024 |
| SPP Polymer Ltd IPO Closing Date | 12-Sep-2024 |
| Basis of Allotment | 13-Sep-2024 |
| Initiation of Refunds | 16-Sep-2024 |
| Credit of Shares to Demat | 16-Sep-2024 |
| SPP Polymer Ltd IPO Listing Date | 17-Sep-2024 |
SPP Polymer Ltd IPO Lot Size
SPP Polymer Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 118000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹118000 |
| Maximum | 1 | 2000 | ₹118000 |
SPP Polymer Ltd IPO Details
| SPP Polymer Ltd IPO Date | 10-Sep-2024 to 12-Sep-2024 |
| SPP Polymer Ltd IPO Face Value | Shares of ₹10 per share |
| SPP Polymer Ltd IPO Price | ₹59 per share |
| SPP Polymer Ltd IPO Lot Size | 2000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹24.49 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹24.49 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Dipak Goyal, Mahavir Bahety, Liladhar Mundhara. |
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 1 Repayment of Loan
- 2 Working Capital Requirement
- 3 General Corporate Purposes
Company Financials
SPP Polymer Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 70.92 | 93.81 | 0.99 |
| 03-2023 | 54.18 | 66.77 | 0.54 |
| 03-2022 | 38.22 | 80.78 | 0.28 |
| Amount in ₹ Crore | |||
- Quality Assurance.
- Experienced Promoter and Management Team.
- Our Product portfolio.
- Diversified customer base and long-standing relationship with our customers.
- You will not be able to sell immediately on Indian Stock Exchanges any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.
- The requirements of being a listed company may strain its resources.
- Any changes in the regulatory framework could adversely affect its operations and growth prospects.
- Global economic, political and social conditions may harm its ability to do business, increase the company costs and negatively affect its stock price.
- Civil disturbances, extremities of weather, regional conflicts and other political instability may have adverse effects on its operations and financial performance.
- The company is subject to risks arising from interest rate fluctuations, which could adversely impact its business, financial condition and operating results.
- The price of its Equity Shares may be volatile, or an active trading market for the company Equity Shares may not develop.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Taxes and other levies imposed by the Government of India or other State Governments, as well as other financial policies and regulations, may have a material adverse impact on its business, financial condition and results of operations.
- Terrorist attacks, civil unrests and other acts of violence or war involving India or other countries could adversely affect the financial markets, its business, financial condition and the price of the company Equity Shares.
- Natural calamities could have a negative impact on the Indian economy and cause the Company's business to suffer.
- Civil disturbances, extremities of weather, regional conflicts and other political instability may have adverse effects on its operations and financial performance.
- Foreign investors are subject to foreign investment restrictions under Indian law that limits its ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
- Taxes and other levies imposed by the Government of India or other State Governments, as well as other financial policies and regulations, may have a material adverse impact on its business, financial condition and results of operations.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the Emerge Platform of NSE in a timely manner, or at all.
- Continue to strive for cost efficiency.
- Expand our geographical footprint and customer network.
- Maintain our focus to strengthen customer relationship.
- Focus on rationalizing our indebtedness.
SPP Polymer Ltd IPO Promoter Holding
| Pre Issue Share Holding | 72.88% |
| Post Issue Share Holding | 53.23% |
SPP Polymer Ltd IPO Subscription Status (Bidding Detail)
The SPP Polymer Ltd IPO is subscribed 39.0834 times on Sep 12, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Subscription (times) | - | - | - | - | 39.0834 |
SPP Polymer Ltd IPO Prospectus
SPP Polymer Ltd IPO Listing Date
| Listing Date | 17 Sep 24 |
| BSE Script | 92938 |
| NSE Symbol | SPPPOLY |
| Listing In | NSE - SME |
| ISIN | INE0QR801013 |
| IPO Price | ₹59 |
| Face Value | ₹10 |
SPP Polymer Ltd IPO Registrar
KFin Techologies Ltd
Phone: +91 40 6716 2222
Email: spppolymer.ipo@kfintech.com
Website: www.kfintech.com
SPP Polymer Ltd IPO Lead Manager(s)
- Interactive Financial Services Ltd
FAQs on SPP Polymer Ltd IPO
SPP Polymer Ltd IPO, which opens for subscription from 10-Sep-2024 to 12-Sep-2024 has an issue size of ₹24.49 crore. The issue type is book building issue.
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for SPP Polymer Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.
SPP Polymer Ltd IPO Opens for subscription from 10-Sep-2024 to 12-Sep-2024.
The lot size of SPP Polymer Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹118000 and ₹118000 respectively.
Allotment date for SPP Polymer Ltd is 13-Sep-2024 and refund of application amount (in case allotment is not received) will begin from 16-Sep-2024. If your allotment goes through, then shares will be credited in your Demat account by 16-Sep-2024.
The registrar for SPP Polymer Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.
The shares of SPP Polymer Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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