SPP Polymer Limited

10 Sep 2024 - 12 Sep 2024 Individual Category SME NSE

Min Investment

₹118000

Price Band

₹59

Issue Size

41.5 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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10 Sep 2024

Open Date

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12 Sep 2024

Close Date

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13 Sep 2024

Allotment Date

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17 Sep 2024

Listing Date

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.

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About 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.

Founded

2004

Managing Director

Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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