When considering investments, IPOs can offer exciting opportunities for individuals looking to diversify their portfolios. Companies going public provide a chance for early investors to buy shares and benefit from future growth. With many upcoming IPOs emerging, it's essential to evaluate each offering carefully.
One such opportunity is the SPP Polymer Limited IPO, which has attracted attention in the market. Investing in IPOs allows individuals to enter at the ground level, but a thorough understanding of the company's potential is crucial.
As with any investment decision, staying informed and considering long-term growth prospects is vital when assessing SPP Polymer Limited's offering. Read this blog to know more about this upcoming IPO.
The SPP Polymers Limited IPO price issue is valued at Rs 24.49 crore, consisting entirely of a fresh allotment of 41.5 lakh shares. The subscription for the SPP Polymers IPO begins today, i.e., September 10, 2024, and will close on September 12, 2024. The finalisation of allotments is expected to take place on Friday, September 13 2024.
For those considering investing in IPOs, this offering is set to list on the NSE SME, with the tentative listing date scheduled for Tuesday, September 17, 2024. Upcoming IPOs like SPP Polymers provide potential investment opportunities, so it is important to assess the company and market conditions thoroughly.
The SPP Polymers IPO is priced at ₹59 per share, with a minimum application lot size of 2,000 shares. Retail investors are required to invest at least ₹118,000, while High Net-Worth Individuals (HNI) must apply for a minimum of two lots, totalling 4,000 shares, which amounts to ₹236,000.
For those interested in investing in IPOs, Interactive Financial Services Ltd serves as the book-running lead manager, ensuring the smooth execution of the process. Kfin Technologies Limited has been selected as the registrar, handling all allotment and issue-related matters. B.N. Rathi Securities acts as the market maker for this IPO.
The SPP Polymer Limited IPO SME is NSE. Upcoming IPOs like SPP Polymers provide a platform for investors to explore new opportunities in growing sectors.
| SPP Polymer Limited IPO Open Date | September 10, 2024 (Tuesday) |
| SPP Polymer Limited IPO Close Date | September 12, 2024 (Thursday) |
| Allotment allocation | September 13, 2024 (Friday) |
| Refund initiation | September 16, 2024 (Monday) |
| Crediting of shares | September 16, 2024 (Monday) |
| SPP Polymer Limited IPO listing date | September 17, 2024 (Tuesday) |
| Maximum time for UPI mandate confirmation | September 12, 2024, by 5 PM |
SPP Polymers Limited, established in 2004 and formerly known as SPP Food Products Private Limited, specialises in manufacturing a variety of HDPE/PP woven fabrics and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is based in Rudrapur City, Uttarakhand.
Here's a breakdown of its product offerings:
SPP Polymers provides customised solutions tailored to its clients' needs. The company's annual production capacity includes 12,000 MT of HDPE/PP woven fabric and bags, 4,000 MT of non-woven fabric, and 300 MT of Multifilament Yarn.
SPP Polymers holds ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 certifications for quality, health, safety, and environmental standards. Its products are used in various sectors, including agriculture, cement, chemicals, fertilisers, food, textiles, ceramics, and steel.
As of December 31, 2024, the company employs four people.
SPP Polymers Limited saw significant growth in its financial performance between the financial years ending on March 31, 2023, and March 31, 2024. During this period, the company's revenue increased by 40%, while its profit after tax (PAT) surged by 83%, reflecting strong operational and financial improvements. The market capitalisation of the SPP Polymers IPO stands at ₹ 90.81 crore, with the SPP Polymer Limited IPO GMP currently priced at ₹25.
| Period ended | 30th June 2024 | 31st March 2024 | 31 March 2023 |
| Total assets | 7,619.39 | 7,091.89 | 5,417.98 |
| Revenue | 2,895.85 | 9,381.29 | 6,677.47 |
| Profit after tax | 91.33 | 99.4 | 54.42 |
| Net worth | 2,591.64 | 2,500.3 | 2,433.64 |
| Reserves and surplus | 1,500.27 | 1,408.93 | 2,152.61 |
| Borrowing | 1,871.94 | 1,897.82 | 2,215.18 |
SPP Polymers Limited benefits from a number of strengths that position it well in the market:
Despite its strengths, SPP Polymers Limited faces several challenges that may impact its growth and expansion:
The SPP Polymers IPO offers investors an opportunity to tap into a growing demand for packaging solutions across multiple industries. With a diverse product portfolio and a potential for geographical expansion, the company is well-positioned to leverage increasing market trends, including the shift towards eco-friendly packaging materials.
However, investors should be mindful of certain risks, such as fluctuations in raw material prices (HDPE/PP) and intense competition within the packaging sector. Additionally, regulatory changes related to plastic usage could impact future operations. Overall, for those looking to invest in upcoming IPOs, SPP Polymers presents a balanced mix of opportunities and challenges that should be evaluated before investing.
Navigating the world of investments involves recognising opportunities that match market trends and personal objectives. IPOs provide a chance to invest in emerging companies with growth potential, but thorough research is key. Understanding both the company's prospects and the broader industry landscape is essential for making informed decisions.
For investors interested in exploring more IPO options like SPP Polymer Limited, platforms like Ventura can offer valuable resources and support. Their online stock trading and investment platform can help you be informed about all the latest IPO developments.
The issue price for the SPP Polymers IPO is set at ₹59 per share.
To participate in the SPP Polymers IPO, retail investors must invest a minimum of ₹118,000, which covers one lot of 2,000 shares.
The tentative listing date for the SPP Polymers IPO is Tuesday, 17th September 2024.
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