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SME IPO Status: Listed [10th Sep 2024 to 12th Sep 2024]
SPP Polymer IPO, a SME IPO of ₹24.49 Cr was launced on 10-09-2024 to 12-09-2024 and the shares got listed on NSE SME on 17-09-2024.
The public issue of SPP Polymer IPO (SPPPOLY) was offered at ₹59.00 per share and the ipo was listed at ₹63.00. It has delivered listing gain of 6.78%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 8000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 10th Sep 2024 |
| SME IPO Issue Closing Date: | 12th Sep 2024 |
| SME IPO Issue Price: | ₹59.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹24.49 Cr |
| Fresh Issue: | ₹24.49 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 94.99% |
| Promoter Holding Post IPO: | 69.37% |
| Allotment Status: | Allotment Status |
| NSE Code: | SPPPOLY |
Get important updates regarding SPP Polymer SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 13th Sep 2024 |
| Refunds Initiation* | 16th Sep 2024 |
| Credit of Shares to Demat* | 16th Sep 2024 |
| SME IPO Listing Date* | 17th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹59.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹118000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹236000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-09-2024 | 59.00 | 15 | 22800 | ₹74 (25.42%) | 17-Sep-2024 10:31 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
SPP Polymer Limited (SPP Food Products Private Limited) was founded in 2004. The company provides packaging solutions to business-to-business (“B2B”) manufacturers in various industries such as cement, chemicals, food, sugar, polymers, agriculture and others for bulk packaging.
The company manufactures various woven and non-woven HDPE/PP fabrics and sacks. Its packaging products are widely used across the industry. and multifilament yarn in Rudrapur City (Uttarakhand),
They believe that they have a well-equipped manufacturing facility with a competent quality department (testing laboratory) which helps us to consistently deliver high quality products at competitive prices to our customers. The manufacturing facility has a comprehensive and stringent quality control mechanism at every stage of the process to ensure that the finished product meets the customers' exact requirements. The infrastructure and team of experts enable us to offer customers a comprehensive range that meets their needs and requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 2004 | Packaging | ₹24.49 Cr | http://www.spppolymer.com/ |
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,970,000 (50%) | 1,970,000 (50%) | 3,940,000 | |
| 1 | 10th Sep 2024 19:32 | 1.25x | 9.48x | 5.36x |
| 2 | 11th Sep 2024 19:31 | 2.98x | 21.13x | 12.05x |
| 3 | 12th Sep 2024 18:22 | 22.35x | 59.87x | 43.29x |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 7,619.39 | 7,091.89 | 5,417.98 | 3,821.87 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,895.85 | 9,381.29 | 6,677.47 | 8,077.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 91.33 | 99.4 | 54.42 | 28.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,591.64 | 2,500.3 | 2,433.64 | 1,971.82 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,500.27 | 1,408.93 | 2,152.61 | 1,697.22 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,871.94 | 1,897.82 | 2,215.18 | 1,262.21 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| SPP Polimers Limited | 0.88 | 0.88 | 22.24 | 66.72 | 3.52 | Standalone |
| Rishi Techtex Ltd. | 1.82 | 1.82 | 43.09 | 33.9 | 4.23 | Standalone |
| Emmbi Industries Ltd | 5.62 | 5.62 | 961.69 | 21.89 | 5.85 | Standalone |
Last Updated on 19-Sep-2024 13:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase SPP Polymer SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply SPP Polymer SME IPO with Zerodha.
Alternate approch to apply in SPP Polymer SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
SPP Polymer SME IPO Review and Important Updates
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To subscribe or apply in SPP Polymer SME IPO, you can use the following methods:
| SPP Polymer SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in SPP Polymer SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in SPP Polymer SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in SPP Polymer SME IPO. Most of the Syndicate Banks provide access to apply in SPP Polymer IPO via ASBA process. You must have your net banking access, DP ID information to apply in SPP Polymer SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in SPP Polymer SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
SPP Polymer SME IPO Review and Important Updates
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SPP Polymer SME IPO is going to be list on 17-09-2024. NSE Code for SPP Polymer is SPPPOLY.
Other relevant questions:
When SPP Polymer SME IPO will be listing? SPP Polymer SME IPO NSE listing date?SPP Polymer SME IPO date of listing
SPP Polymer SME IPO Allotment Date is 13-09-2024.
Other relevant questions:
SPP Polymer SME IPO share allotment date?SPP Polymer SME IPO allotment date?
