SPP Polymer Limited

Company Profile
Company Name SPP Polymer Limited
Open Date 10-09-2024
Close Date 12-09-2024
Exchange NSE SME
Lot Size 2,000
Issue Price ₹59 per share
Issue Size ₹24.49 Cr
Application Amount ₹118,000
Recommendation Avoid
SPP Polymer Limited, established in 2004 has their registered office in New Delhi, India. Business Activity: The company is engaged in the business of manufacturing and supplying a diverse range of packaging solutions, primarily HDPE/PP woven fabric & bags, non-woven fabrics & bags, and PP multifilament yarn. Revenue Model: SPP Polymer operates on a B2B model, generating revenue primarily from the sale of packaging solutions to various industries. Revenue Streams: Operations are concentrated in North India, with revenue primarily from Uttar Pradesh (12.89% in Q1 FY24, 25.20% in FY24, Haryana (10.88% in Q1 FY24), Himachal Pradesh (26.64% in Q1 FY24), Punjab (21.62% in Q1 FY24), and Uttarakhand (12.89% in Q1 FY24). Moreover, the company's primary revenue driver is HDPE/PP Woven Fabric and Bags, constituting approximately 75% of total revenue in Q1 FY24. The company had 4 permanent employees as of March 31, 2024.
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Amount in Lakhs

KPIs FY 22 FY 23 FY 24 Jun 24
Revenue 8,028.16 6,604.72 9,175.11 2,819.50
EBITDA 247.40 501.96 1,778.35 202.32
Net Profit 205.19 477.85 1,209.31 91.34
RoCE 20.45% 28.21% 41.73% 3.29%
ROE 28.07% 39.53% 35.44% 3.48%
P/E 60.87 26.12 10.34 72.84

Tentative Timeline

Opening Date 10-09-2024
Closing Date 12-09-2024
Basis of Allotment 13-09-2024
Initiation of Refunds 16-09-2024
Credit of Shares to Demat 16-09-2024
Listing Date 17-09-2024

Objects of the Issue

To meet working capital requirements
Repayment of borrowings
General Corporate Purposes.

Contact Information

Registered Office SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020
Phone +91 91 594429775
Email cs@spppolymer.com
Website http://www.spppolymer.com/

Offer Documents

DRHP
RHP

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email einward.ris@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Investor Category Shares Offered
Market Maker Shares Offered 2,10,000 (5.06%)
Other Shares Offered 19,70,000 (47.47%)
Retail Shares Offered 19,70,000 (47.47%)
Total Shares Offered 41,50,000 (100%)

Shareholding Pattern

Pre-Issue Post-Issue
94.99% 69.38%

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