SPP Polymer Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 59 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 41,50,000 shares (aggregating up to ₹ 24.49 Cr) |
| Fresh Issue | 41,50,000 shares (aggregating up to ₹ 24.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,12,41,160 |
| Share holding post issue | 1,53,91,160 |
| Market Maker portion | 2,10,000 shares |
About SPP Polymer Limited IPO And Its GMP
SPP Polymer Limited is an ISO 9001:2015 certified company engaged in the business of manufacturing HDPE/PP woven fabric & bags, Non-woven fabrics & bags and PP Multifilament yarn. The company offers packaging solutions to business-to-business (“B2B”) manufacturers catering to different industries such as types of cement, chemicals, food grains, sugars, polymers, agriculture and others for the packaging of goods in big quantities.
They believe that they have a well-equipped production facility with a well-versed quality section which helps them to deliver consistently high-quality products to the customer at the most competitive price. Their manufacturing facility employs an extensive and stringent quality control mechanism at each stage of the process to ensure that their finished product conforms to the exact requirements of the customers.
SPP Polymers Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
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: 1 HDPE/PP woven Fabric 2 HDPE/PP Woven Bags 3 Non-woven Fabric 4 Non -woven Bags 5 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.
Objectives of SPP Polymers IPO
-
The company propose to deploy the Net Proceeds for the aforesaid purposes by the estimated schedule of implementation for the following objectives:
- 1. Repayment of Loan.
- 2. Working capital requirement.
- 3. General corporate purposes.
SPP Polymers IPO Review
The company is engaged in the business of manufacturing & supplying HDPE/ PP fabrics, bags and other packaging-related solutions. It marked average performance till FY24 and posted a sudden boosted bottom line for Q1 of FY25. This performance raises eyebrows and concern over its sustainability going forward. Based on FY25 annualized super earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate funds for the long term.
SPP Polymer Limited IPO And Its GMP Financial Information
Latest Revenue
2,895.85
₹ Crore
Profit After Tax
91.33
₹ Crore
Net Worth
2,591.64
₹ Crore
Total Borrowing
1,871.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 7,619.39 | 2,895.85 | 91.33 | 2,591.64 | 1,871.94 | ||||
| 31 Mar 2024 | 7,091.89 | 9,381.29 | 99.4 | 2,500.3 | 1,897.82 | ||||
| 31 Mar 2023 | 5,417.98 | 6,677.47 | 54.42 | 2,433.64 | 2,215.18 | ||||
| 31 Mar 2022 | 3,821.87 | 8,077.96 | 28.01 | 1,971.82 | 1,262.21 | ||||
| Amount in ₹ Crore | |||||||||
SPP Polymer Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-17 | ₹59 | ₹15.0(25%) | 2024-09-17 |
| 2024-09-16 | ₹59 | ₹15.0(25%) | 2024-09-16 |
| 2024-09-13 | ₹59 | ₹15.0(25%) | 2024-09-13 |
SPP Polymer Limited IPO And Its GMP 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 |
Frequently Asked Questions
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Competitive Strengths
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SPP Polymer Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Tuesday, September 10, 2024 |
| IPO Close Date | Thursday, September 12, 2024 |
| Basis of Allotment | Friday, September 13, 2024 |
| Initiation of Refunds | Monday, September 16, 2024 |
| Credit of Shares to Demat | Monday, September 16, 2024 |
| Listing Date | Tuesday, September 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹118,000 |
| Retail (Max) | 1 | 2000 | ₹118,000 |
| HNI (Min) | 2 | 4,000 | ₹236,000 |