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Open
10 Sep 2024
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Close
12 Sep 2024
3
Allotment
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Listing
Tue, Sep 17, 2024
Price Band
₹59 per share
Issue Size
41,50,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Sep 17, 2024
Latest GMP
₹15
Est. Gain
25.42%
✦ AI Insight
GMP Trend
17-09-2024₹15Est. ₹74+25.42%
16-09-2024₹15Est. ₹74+25.42%
15-09-2024₹15Est. ₹74+25.42%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 41.10x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 76.19 | 70.92 | 54.18 | 38.22 |
| Total Income | 28.96 | 93.81 | 66.77 | 80.78 |
| Profit After Tax | 0.91 | 0.99 | 0.54 | 0.28 |
| NET Worth | 25.92 | 25.00 | 24.34 | 19.72 |
| Reserves and Surplus | 15.00 | 14.09 | 21.53 | 16.97 |
| Total Borrowing | 18.72 | 18.98 | 22.15 | 12.62 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ideal Technoplast Industries Ltd. | SME | ₹16.03 Cr | ₹121 | 12.47 | ₹138.70 | +14.63% | ₹170.00 (+3.03%) |
| Bulkcorp International Ltd. | SME | ₹20.78 Cr | ₹105 | 16.33 | ₹136.50 | +30.00% | ₹56.20 (+2.18%) |
| Sati Poly Plast Ltd. | SME | ₹17.36 Cr | ₹130 | 14.29 | ₹259.35 | +99.50% | ₹37.30 (+2.19%) |
| GSM Foils Ltd. | SME | ₹11.01 Cr | ₹32 | 20.98 | ₹33.60 | +5.00% | ₹263.45 (+1.15%) |
| Purv Flexipack Ltd. | SME | ₹40.21 Cr | ₹71 | 13.17 | ₹247.00 | +247.89% | ₹48.80 (+1.67%) |
| Shree Tirupati Balajee Agro Trading Co.Ltd. | Mainboard | ₹169.65 Cr | ₹83 | 15.37 | ₹94.50 | +13.86% | ₹28.78 (+0.66%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loan | 7.75 |
| 2 | Working capital requirement | 9.87 |
| 3 | General Corporate Purpose | 5.87 |
About SPP Polymer IPO
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 HDPE/PP woven Fabric HDPE/PP Woven Bags Non-woven Fabric Non -woven Bags 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. As of December 31, 2024 the company has 4 employees on its payroll.+ Read More
Contact Details
SPP Polymer Ltd. AddressBearing No DPT212, DLF Prime TowerOkhla Industrial Estate, Phase 1New Delhi, New Delhi, 110020+91 91 594429775cs@spppolymer.comVisit Website