SPP Polymer SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the SPP Polymer IPO. Explore SPP Polymer IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
SPP Polymer Limited is a manufacturer of HDPE/PP woven fabrics & bags, non-woven fabrics & bags and PP multifilament yarn. Originally incorporated as “S.P.P. Food Products Private Limited” in 2004, the company rebranded and converted to a public entity as “SPP Polymer Limited” in 2023. It operates from a state-of-the-art facility in Pantnagar, Uttarakhand, spanning 13,650 square meters. With an installed capacity of 9,125 MT for HDPE/PP woven fabrics and 3,600 MT for non-woven fabrics, SPP Polymer provides high-quality packaging solutions to various industries, including cement, chemicals, food grains, and agriculture.
Key Points:
- Product Range: Specializes in B2B packaging solutions for industries like cements, chemicals, food grains, and agriculture. Provides customized solutions as per client specifications.
- Manufacturing Facility: Located in Pantnagar, Uttarakhand, the facility is equipped to produce HDPE/PP woven fabrics and bags, non-woven fabrics, and PP multifilament yarn. The site covers 13,650 square meters and features advanced production technology.
- Production Capacity: Achieves an installed capacity of 9,125 MT for HDPE/PP woven fabric and bags and 3,600 MT for non-woven fabric.
- Raw Materials: Sourced from reliable vendors across various states in India, including Uttarakhand, Haryana, Gujarat and Rajasthan.
- Management Team: Led by experienced industry professionals including Mahavir Bahety, Liladhar Mundhara, Dipak Goyal and Asha Ram Bahety, with a combined average of approximately 18 years in the polymer and packaging industry.
Objects of the Issue
- Repayment of Loan
- Working capital requirement
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 10 Sep - 12 Sep 2024 |
| IPO Price Band | ₹59 per share |
| Fresh Issue | ₹24.49 crore |
| Offer For Sale | NIL |
| Total IPO Size | ₹24.49 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 10 Sep 2024 |
| IPO Closing Date | 12 Sep 2024 |
| Basis Of Allotment | 13 Sep 2024 |
| Refunds | 16 Sep 2024 |
| Demat Transfer | 16 Sep 2024 |
| IPO Listing Date | 17 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 80.78 | 66.77 | 93.81 | 28.96 |
| Total Expenses | 80.37 | 65.75 | 92.38 | 27.63 |
| Net Profit/Loss | 0.28 | 0.54 | 0.99 | 0.91 |
| NPM (*) | 0.35 | 0.82 | 1.08 | 3.24 |
| Total Assets | 38.22 | 54.18 | 70.92 | 76.19 |
| Total Liabilities | 18.50 | 29.84 | 45.59 | 49.95 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 0.31 | 0.49 | 0.88 | 0.81 |
| ROE (%) | 3.33 | 4.94 | 8.01 | 7.08 |
| ROCE (%) | 4.04 | 5.45 | 9.13 | 4.27 |
| D/E Ratio | 0.64 | 0.91 | 0.75 | 0.71 |
| Current Ratio | 1.42 | 1.37 | 1.20 | 1.20 |
| EBITDA MARGIN (%) | 1.95 | 4.04 | 6.68 | 7.18 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Total Income | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| SPP Polymer Limited | 93.81 | 66.72 | 0.88 | 3.52 | 22.24 |
| Rishi Techtex Limited | 111.96 | 33.90 | 1.82 | 4.23 | 43.09 |
| EMMBI Industries Limited | 377.60 | 21.89 | 5.62 | 5.85 | 961.69 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 22.35 |
| Retail Individual Investor (RII) | 59.87 |
| Total | 43.29 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. DIPAK GOYAL
- MR. MAHAVIR BAHETY
- MR. LILADHAR MUNDHARA
- MR. ASHA RAM BAHETY
Lead Managers
- INTERACTIVE FINANCIAL SERVICES LIMITED
Company Address
SPP Polymer Limited
Bearing No DPT212, DLF Prime Tower, Okhla Industrial Estate, Phase 1, New Delhi-110020 India
Phone: +91 91 5944297751
Email: cs@spppolymer.com
Website: www.spppolymer.com
FAQs
- What is the issue size of the SPP Polymer SME IPO?The SPP Polymer SME IPO has an issue size of ₹24.49 crore. This includes a fresh issue of ₹24.49 crore and an offer for sale (OFS) of NIL.
- What is the price band of the SPP Polymer IPO?The price band for the SPP Polymer IPO is ₹59 per share.
- What are the bidding dates for the SPP Polymer IPO?The SPP Polymer IPO will open for bidding on 10 Sep 2024 and close on 12 Sep 2024.
- What is the allotment date for the SPP Polymer IPO?The allotment date for the SPP Polymer IPO is 13 Sep 2024.
- What is the listing date for the SPP Polymer IPO?The listing date for the SPP Polymer IPO is 17 Sep 2024.
- What is the SPP Polymer IPO grey market premium?The grey market premium (GMP) for the SPP Polymer IPO is currently at ₹15, with an expected listing gain of approximately 25.42%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.