SPP Polimers Limited (NSE SME)

Sep 10, 2024 - Sep 12, 2024

Price ₹59 - ₹59
Premium ₹15
Lot size 2000
Allotment Sep 13, 2024
Listing Sep 17, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 2000 118000 985
HNI 2 4000 236000 985

Last updated on 12-Sep-2024 17:02:02

CategoryOfferedAppliedTimes
NIB19700004424600022.46
RETAIL197000011795000059.87
Total394000016219600041.17
Retail Apps58975© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹1.78
@8%
₹2.03
@9%
₹2.29
@10%
₹2.54
@11%
₹2.8
@12%
₹3.05
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail47.5%1970000
Other47.5%1970000
Market Maker5.06%210000
Total No. of Shares100.0%4150000

SPP Polimers IPO Details

Issue Size4,150,000 shares
(aggregating up to ₹24.49 Cr)
Fresh Issue4,150,000 shares
(aggregating up to ₹24.49 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue11,241,160
Share holding post issue15,391,160
Market Maker portion210,000 shares
B.N. Rathi Securities

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE8.01%4.94%3.33%
ROCE9.13%5.45%4.04%
RONW3.98%2.24%1.42%
D/E0.750.910.64
EPS
(basic)
0.881.961.25
P/E
Pre IPO
66.72
P/E
Post IPO
24.86

Company Financials

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period30 Jun 2024Mar 2024Mar 2023Mar 2022
Assets7,619.397,091.895,417.983,821.87
Revenue2,895.859,381.296,677.478,077.96
Profit91.3399.454.4228.01
Net Worth2,591.642,500.32,433.641,971.82
Reserves1,500.271,408.932,152.611,697.22
Borrowing1,871.941,897.822,215.181,262.21
Amount in ₹ Lakhs

About Company

Incorporated in 2004 and formerly known as SPP Food Products Private Limited, SPP Polymers Limited is a distinguished manufacturer based in Rudrapur City, Uttarakhand, specializing in HDPE/PP woven and non-woven fabrics, bags, and Multifilament Yarn. The company’s diverse product portfolio includes HDPE/PP Woven Fabric, HDPE/PP Woven Bags, Non-woven Fabric, Non-woven Bags, and Multifilament PP Yarn. With an installed capacity of 12,000 MT for HDPE/PP Woven Fabric and bags, 4,000 MT for Non-woven Fabric, and 300 MT for Multifilament Yarn annually, SPP Polymers Limited offers tailored solutions to meet client specifications. The company is accredited with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014 certifications, reflecting its commitment to quality, occupational health and safety, and environmental management. Serving industries such as agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel, SPP Polymers Limited operates with a dedicated team of 4 employees as of December 31, 2024.
Lead Manager(s)

Interactive Financial Services Ltd

Strength

Quality Assurance: The company implements stringent quality control measures at every stage of its operations, ensuring high-quality products and services.

Experienced Promoter and Management Team: The company benefits from the expertise and leadership of its experienced promoters and management team, who have a strong track record in the industry.

Diverse Product Portfolio: The company offers a broad range of products and services, catering to various client needs across different sectors, which enhances its market presence and customer base.

Weakness

Ongoing Litigations: Pending criminal, civil, and tax proceedings could result in penalties or compensation liabilities, negatively impacting the company’s financial stability and operations.

Low Profit Margins: The company’s net profit margins are lower than industry standards, which may affect overall profitability and competitive positioning.

Regulatory Compliance Issues: Inaccurate and irregular filings with the Registrar of Companies (RoC) could lead to legal and regulatory complications, potentially harming the company’s reputation and operational efficiency.

Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/