SPP Polimers Limited
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SPP Polimers Limited's completed its IPO journey with a successful listing on NSE on Sep 17, 2024. The public offering mobilized 41,50,000 Shares in total capital, comprising 41,50,000 Shares in fresh equity.
The offering was conducted within the price band of ₹59 to ₹59, with minimum application lots of 2000 shares. Investor participation during the Sep 10, 2024 to Sep 12, 2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on Sep 13, 2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a trusted manufacturer based in Rudrapur City, Uttarakhand, established in 2004. The company specializes in producing HDPE/PP woven and non-woven fabrics, bags, and multifilament yarn. The product range includes HDPE/PP woven fabric, HDPE/PP woven bags, non-woven fabric, non-woven bags, and multifilament PP yarn. With an annual production capacity of 12000 MT for woven fabric and bags, 4000 MT for non-woven fabric, and 300 MT for multifilament yarn, SPP Polymers serves industries like agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel. The company holds ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, and SA 8000:2014 certifications, reflecting its commitment to quality, safety, and environmental standards. As of December 31, 2024, SPP Polymers operates with a dedicated team of 4 employees, delivering customized solutions to meet client needs.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Quality Assurance: The company follows strict quality checks at every step to deliver top-notch products and services.
Experienced Leadership Team: The company is led by experienced promoters and managers with a proven track record in the industry.
Wide Product Range: The company offers a variety of products and services that meet different customer needs, helping it reach more clients across various sectors.
Ongoing Legal Cases: The company is involved in some pending criminal, civil, and tax cases, which could lead to fines or payouts, affecting its financial health and day-to-day operations.
Low Profit Margins: The company earns lower profits compared to others in the industry, which might impact its overall growth and market competitiveness.
Regulatory Compliance Issues: Mistakes or delays in filing documents with the Registrar of Companies (RoC) could cause legal troubles and hurt the company’s reputation and efficiency.
Dipak Goyal, Mahavir Bahety
Liladhar Mundhara
Asha Ram Bahety
SPP Polimers Limited
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