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SPP Polymer IPO
Price Band
₹
Issue Size
₹24.49 Cr
Lot Size
2,000 shares
Min Investment
₹118,000
GMP
+₹15.0 (25.42%)
Issue Price
₹59.0
Subject to Sauda
₹22800
Paid only if allotted
SPP Polymer IPO AI Summary
- SPP Polymer IPO is listed on NSE SME in the Packaging sector.
- Subscription window: 10 Sep–12 Sep 2024, listing on 17 Sep 2024.
- Current GMP is +₹15.0 (25.42%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
SPP Polymer IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
SPP Polymer IPO Grey Market Premium (GMP) Today
GMP
+₹15.0
GMP %
+25.42%
Est. Listing
₹74.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-06-30
| 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 |
Key Ratios
EPS
₹0.88
NAV
₹22.24
ROE
8.01%
ROCE
4.27%
RoNW
3.98%
P/B Value
2.65
P/E Ratio
66.72
Market Cap
₹90.81 Cr
PAT Margin
1.08%
Debt/Equity
0.71
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Emmbi Industries Ltd | 961.69 | 5.85% | 21.89 | 5.62 | 5.62 |
| Rishi Techtex Ltd. | 43.09 | 4.23% | 33.9 | 1.82 | 1.82 |
| SPP Polimers Limited This IPO | 22.24 | 3.52% | 66.72 | 0.88 | 0.88 |
Promoters
Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of Loan 7.75 2 Working capital requirement 9.87 3 General Corporate Purpose 5.87
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹80.78 Cr in the period ending 31 Mar 2022, decreasing to ₹66.77 Cr by 31 Mar 2023, then rising to ₹93.81 Cr by 31 Mar 2024. However, the most recent figure of ₹28.96 Cr as of 30 Jun 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.28 Cr in the period ending 31 Mar 2022, increasing to ₹0.54 Cr by 31 Mar 2023, then rising slightly to ₹0.99 Cr by 31 Mar 2024. The most recent figure of ₹0.91 Cr as of 30 Jun 2024 is also a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company's implied P/E at the issue price is 66.72, compared to peers trading at P/E ratios of 21.89 for Emmbi Industries Ltd and 33.9 for Rishi Techtex Ltd.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange. A positive GMP suggests that the shares may list at a premium, while a negative GMP indicates a potential discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's financial health and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and uncertain in the short term.
IPO Timeline, Explained
The IPO opens for subscription on 10 September 2024 and closes on 12 September 2024. Allotment of shares will be done on 13 September 2024, with the listing date set for 17 September 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the shares, and overall market conditions. While some investors may experience significant gains on the listing day, others may face losses. It's important to approach listing gains with caution.
This evaluation is generated from SPP Polymer's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is SPP Polymer IPO GMP today?
SPP Polymer IPO GMP today is +₹15.0 (25.42%). GMP is an unofficial grey-market indicator and can change daily.
When does SPP Polymer IPO open and close?
SPP Polymer IPO opens on 10 September 2024 and closes on 12 September 2024.
When does SPP Polymer IPO list on the stock exchange?
SPP Polymer IPO listed on 17 September 2024 at ₹74.0.
What is the lot size for SPP Polymer IPO?
The lot size for SPP Polymer IPO is 2000 shares, requiring a minimum investment of ₹118,000.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹118,000.
What is the issue price of the shares?
The issue price of the shares is ₹59.0.
When does the IPO open and close?
The IPO opens on 10 September 2024 and closes on 12 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Sep 2024
Close
12 Sep 2024
Allotment
13 Sep 2024
Listing
17 Sep 2024
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