Issue Price
₹ 59
per equity share
Issue Size
41.5 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
2000
equity share
Please note
Listing at NSE
SPP Polymer Limited
Important Dates
IPO Open Date
10 Sep 2024
IPO Close Date
12 Sep 2024
Allotment Date
13 Sep 2024
Initiation of Refunds
16 Sep 2024
Credit of Shares to Demat Account
16 Sep 2024
IPO Listing Date
17 Sep 2024
UPI Mandate Expiry Date
12 Sep 2024
IPO Details
SPP Polymer IPO is open for subscription from Tuesday, September 10, 2024, and closes on Thursday, September 12, 2024. The price for this IPO is set at Rs 59 per share.
SPP Polymer Limited is offering entirely a fresh issue of 41.50 lakh equity shares worth up to Rs 24.49 crore equity shares. The allotment for this new IPO is expected to be finalised on Friday, September 13, 2024. The listing of this IPO will be done on Tuesday, September 17, 2024, at the NSE SME segment.
The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 118,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 236,000.
The IPO is managed by Interactive Financial Services Limited, which is the book-running lead manager of this public issue. The company has appointed Kfin Technologies Limited as the registrar for the issue.
Seize the deal, apply for IPO today!
Apply for IPOAbout SPP Polymer Limited
SPP Polymers Limited was incorporated in 2004 as SPP Food Products Private Limited to manufacture HDPE/PP Woven fabric and bags, Non-woven fabrics, and Multifilament Yarn. Situated in Rudrapur City, Uttarakhand, the company aims at providing a wide range of products according to customers' specifications. Its annual production capacity comprises HDPE/PP Woven Fabric and bags of 12,000 MT, 4,000 MT of Non-woven Fabric, and Multifilament Yarn of 300 MT.Its industries cater to agro-pesticides, cement, chemicals, fertilizers, textiles, and steel. SPP Polymers has been certified with ISO 9001:2015 for the Quality management system, 45001:2018 for occupational safety and health management systems, 14001:2015 for environmental management, and SA 8000: 2014. It employs four staff as of December 31, 2024.
Parent Organisation
-
Founded
2004
Managing Director
Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety
IPO Objectives
The company proposes to utilise the funds being raised in the manner and in an estimated schedule of implementation as under: repayment of loans, working capital requirements, and to meet general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open a Demat Account Now
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PAN Card | Aadhaar Card | Bank Account Number
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