SPP Polimers Limited (NSE SME)
September 10, 2024 – September 12, 2024
| Price | ₹59 - ₹59 |
| Premium | ₹15 |
|---|---|
| Lot size | 2000 |
| Allotment | Sep 13, 2024 |
| Listing | Sep 17, 2024 |
Live Rate
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Subscription
Last updated on 12-Sep-2024 17:02:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1970000 | 44246000 | 22.46 |
| RETAIL | 1970000 | 117950000 | 59.87 |
| Total | 3940000 | 162196000 | 41.17 |
| Retail Apps | 58975 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.78 | @8% ₹2.03 | @9% ₹2.29 | @10% ₹2.54 | @11% ₹2.8 | @12% ₹3.05 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 118000 | 985 |
| HNI | 2 | 4000 | 236000 | 985 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1970000 |
| Other | 47.5% | 1970000 |
| Market Maker | 5.06% | 210000 |
| Total No. of Shares | 100.0% | 4150000 |
SPP Polimers IPO Details
| Issue Size | 4,150,000 shares (aggregating up to ₹24.49 Cr) |
| Fresh Issue | 4,150,000 shares (aggregating up to ₹24.49 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,241,160 |
| Share holding post issue | 15,391,160 |
| Market Maker portion | 210,000 shares B.N. Rathi Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 8.01% | 4.94% | 3.33% |
| ROCE | 9.13% | 5.45% | 4.04% |
| RONW | 3.98% | 2.24% | 1.42% |
| D/E | 0.75 | 0.91 | 0.64 |
| EPS (basic) | 0.88 | 1.96 | 1.25 |
| P/E Pre IPO | 66.72 | ||
| P/E Post IPO | 24.86 |
Company Financials
SPP Polimers Limited Financial Information (Restated Consolidated)
SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | 30 Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 7,619.39 | 7,091.89 | 5,417.98 | 3,821.87 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,895.85 | 9,381.29 | 6,677.47 | 8,077.96 | ||||||||||||||||||||||||||||||||||||
| Profit | 91.33 | 99.4 | 54.42 | 28.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,591.64 | 2,500.3 | 2,433.64 | 1,971.82 | ||||||||||||||||||||||||||||||||||||
| Reserves | 1,500.27 | 1,408.93 | 2,152.61 | 1,697.22 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 1,871.94 | 1,897.82 | 2,215.18 | 1,262.21 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Strength
Quality Assurance: The company implements stringent quality control measures at every stage of its operations, ensuring high-quality products and services.
Experienced Promoter and Management Team: The company benefits from the expertise and leadership of its experienced promoters and management team, who have a strong track record in the industry.
Diverse Product Portfolio: The company offers a broad range of products and services, catering to various client needs across different sectors, which enhances its market presence and customer base.
Weakness
Ongoing Litigations: Pending criminal, civil, and tax proceedings could result in penalties or compensation liabilities, negatively impacting the company’s financial stability and operations.
Low Profit Margins: The company’s net profit margins are lower than industry standards, which may affect overall profitability and competitive positioning.
Regulatory Compliance Issues: Inaccurate and irregular filings with the Registrar of Companies (RoC) could lead to legal and regulatory complications, potentially harming the company’s reputation and operational efficiency.
Lead Manager(s)
Address
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/