SPP Polymer Limited

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.