September 11, 2024
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SPP Polymers IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Table of Contents
SPP Polymers listing Review
SPP Polymers IPO allotment Link
What is the latest grey market premium of SPP Polymers IPO?
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Subscription status of SPP Polymers IPO
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What is the business of SPP Polymers?
Incorporated in 2004, SPP Polymers 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 offers customized solutions according to its clients’ specifications.
The company is located in Rudrapur City, Uttarakhand. 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’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
Get more information about the company @ http://www.spppolymer.com/
SPP Polymers IPO Details | |
| IPO opens on | 10 September 2024 |
| IPO closes on | 12 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4150000 Shares / Rs 24.49 Crore |
| * Fresh Issue | 4150000 Shares / Rs 24.49 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 210000 Shares |
| Net offer to Public | 3940000 Shares/ Rs.23.25 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.59 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1970000 | 11.62 |
| RII (50%) | 1970000 | 11.62 |
| Total Shares | 3940000 | 23.25 |
| Retail portion will be oversubscribed by | 985 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.118000 |
| Min HNI Application | 4000 Shares | Rs.236000 |
Who are the Promoters of SPP Polymers IPO?
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
What are the Objects of SPP Polymers IPO?
The Offer comprises of fresh issue of shares.
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
- Repayment of Loan
- Working capital requirement
- General corporate purposes
Tentative timetable | |
| IPO opens on | 10 September 2024 |
| IPO Closes on | 12 September 2024 |
| IPO Allotment on | 13 September 2024 |
| Refund Initiation | 16 September 2024 |
| Credit of Shares | 16 September 2024 |
| Listing on | 17 September 2024 |
| Registered Office of the Company SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020 |
| Who is the Lead Manager of this IPO? Interactive Financial Services Ltd |
Who is the Registrar to IPO? |
SPP Polymers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
SPP Polymers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 80.78 | 0.28 | ||
| 2022-23 | 66.77 | 0.54 | ||
| 2023-24 | 93.81 | 0.99 | 0.88 | |
| Book Value of the Share on 31.03.2024 | Rs | |||
| BV of the Share at cap price after IPO | Rs. | |||
| Offer Price/upper band | Rs. | 59 | ||
IPO | |
| Price/EPS of 23-24 | 66.72 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How SPP Polymers IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
SPP Polymers IPO Review
Size: Net size of the IPO is Rs.23.25 crore, comprising of 3940000 shares. The size of the IPO is not very small and because of large number of IPOs this week, huge oversubscription may not be possible.
Financial Snapshot: The company has shown unimpressive profits in the last 3 years.
+ from fundamental angle: IPO is so-so
+ from grey market angle: ?
Quicklinks
SPP Polymers IPO GMP today allotment, review?
SPP Polymers IPO GMP grey market premium
SPP Polymers IPO FAQs
What is SPP Polymers IPO?
This is a SME IPO of 4150000 equity shares of the face value of Rs. 10 aggregating up to Rs.24.49 Crores. The issue is priced at Rs.59 per share. The minimum order quantity is 2000 Shares.
When will SPP Polymers IPO subscription open?
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
What is the lot size of Excellent Wires IPO?
SPP Polymers IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for SPP Polymers IPO?
You can apply in SPP Polymers IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is SPP Polymers IPO allotment?
The finalization of Basis of Allotment for SPP Polymers IPO will be done on September 13, 2024, and the allotted shares will be credited to your demat account by September 16, 2024.
When is SPP Polymers IPO listing date?
SPP Polymers IPO listing date is September 17, 2024.
