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SPP Polymers listing Review
On 17th September 2024, the scrip got listed at Rs. 63, premium of 6.78% over the issue price.
SPP Polymers IPO allotment Link
Subscription status of SPP Polymers IPO
SPP Polymer IPO (Closed)
Price Rs. 59 Lot 2000 shares, Rs. 24.49 Crore
QIB
NII x
RII x
Total x
Applications
22.35
59.87
43.29
58,975 (59.87x)
Amount wise bids recd. Rs. ? Crore
Note:
What is the business of SPP Polymers?
Incorporated in 2004, SPP Polymers 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 offers customized solutions according to its clients’ specifications.
The company is located in Rudrapur City, Uttarakhand. 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’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
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
What are the Objects of SPP Polymers IPO?
The Offer comprises of fresh issue of shares.
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
Repayment of Loan
Working capital requirement
General corporate purposes
Tentative timetable
IPO opens on
10 September 2024
IPO Closes on
12 September 2024
IPO Allotment on
13 September 2024
Refund Initiation
16 September 2024
Credit of Shares
16 September 2024
Listing on
17 September 2024
Registered Office ofthe Company SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020
Who is the Lead Managerof this IPO? Interactive Financial Services Ltd
Who is the Registrar to IPO? Kfin Technologies Limited
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
SPP Polymers IPO Review
Size: Net size of the IPO is Rs.23.25 crore, comprising of 3940000 shares. The size of the IPO is not very small and because of large number of IPOs this week, huge oversubscription may not be possible. Financial Snapshot: The company has shown unimpressive profits in the last 3 years. + from fundamental angle: IPO is so-so + from grey market angle: ?
This is a SME IPO of 4150000 equity shares of the face value of Rs. 10 aggregating up to Rs.24.49 Crores. The issue is priced at Rs.59 per share. The minimum order quantity is 2000 Shares.
When will SPP PolymersIPO subscription open?
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
What is the lot size of Excellent Wires IPO?
SPP Polymers IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for SPP Polymers IPO?
You can apply in SPP Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is SPP Polymers IPO allotment?
The finalization of Basis of Allotment for SPP Polymers IPO will be done on September 13, 2024, and the allotted shares will be credited to your demat account by September 16, 2024.
When is SPP Polymers IPO listing date?
SPP Polymers IPO listing date is September 17, 2024.
Subscription status of SPP Polymers IPO
SPP Polymer IPO (Closed)
Price Rs. 59 Lot 2000 shares, Rs. 24.49 Crore
QIB
NII x
RII x
Total x
Applications
22.35
59.87
43.29
58,975 (59.87x)
Amount wise bids recd. Rs. ? Crore
Note:
What is the business of SPP Polymers?
Incorporated in 2004, SPP Polymers 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 offers customized solutions according to its clients’ specifications.
The company is located in Rudrapur City, Uttarakhand. 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’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
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
What are the Objects of SPP Polymers IPO?
The Offer comprises of fresh issue of shares.
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
Repayment of Loan
Working capital requirement
General corporate purposes
Tentative timetable
IPO opens on
10 September 2024
IPO Closes on
12 September 2024
IPO Allotment on
13 September 2024
Refund Initiation
16 September 2024
Credit of Shares
16 September 2024
Listing on
17 September 2024
Registered Office ofthe Company SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020
Who is the Lead Managerof this IPO? Interactive Financial Services Ltd
Who is the Registrar to IPO? Kfin Technologies Limited
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
SPP Polymers IPO Review
Size: Net size of the IPO is Rs.23.25 crore, comprising of 3940000 shares. The size of the IPO is not very small and because of large number of IPOs this week, huge oversubscription may not be possible. Financial Snapshot: The company has shown unimpressive profits in the last 3 years. + from fundamental angle: IPO is so-so + from grey market angle: ?
This is a SME IPO of 4150000 equity shares of the face value of Rs. 10 aggregating up to Rs.24.49 Crores. The issue is priced at Rs.59 per share. The minimum order quantity is 2000 Shares.
When will SPP PolymersIPO subscription open?
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
What is the lot size of Excellent Wires IPO?
SPP Polymers IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for SPP Polymers IPO?
You can apply in SPP Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is SPP Polymers IPO allotment?
The finalization of Basis of Allotment for SPP Polymers IPO will be done on September 13, 2024, and the allotted shares will be credited to your demat account by September 16, 2024.
When is SPP Polymers IPO listing date?
SPP Polymers IPO listing date is September 17, 2024.
What is the latest grey market premium of SPP Polymers IPO?
GMP Rs. 15
Subscription status of SPP Polymers IPO
SPP Polymer IPO (Closed)
Price Rs. 59 Lot 2000 shares, Rs. 24.49 Crore
QIB
NII x
RII x
Total x
Applications
22.35
59.87
43.29
58,975 (59.87x)
Amount wise bids recd. Rs. ? Crore
Note:
What is the business of SPP Polymers?
Incorporated in 2004, SPP Polymers 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 offers customized solutions according to its clients’ specifications.
The company is located in Rudrapur City, Uttarakhand. 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’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
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
What are the Objects of SPP Polymers IPO?
The Offer comprises of fresh issue of shares.
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
Repayment of Loan
Working capital requirement
General corporate purposes
Tentative timetable
IPO opens on
10 September 2024
IPO Closes on
12 September 2024
IPO Allotment on
13 September 2024
Refund Initiation
16 September 2024
Credit of Shares
16 September 2024
Listing on
17 September 2024
Registered Office ofthe Company SPP Polymer Limited Bearing No DPT212, DLF Prime Tower Okhla Industrial Estate, Phase 1 New Delhi-110020
Who is the Lead Managerof this IPO? Interactive Financial Services Ltd
Who is the Registrar to IPO? Kfin Technologies Limited
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
SPP Polymers IPO Review
Size: Net size of the IPO is Rs.23.25 crore, comprising of 3940000 shares. The size of the IPO is not very small and because of large number of IPOs this week, huge oversubscription may not be possible. Financial Snapshot: The company has shown unimpressive profits in the last 3 years. + from fundamental angle: IPO is so-so + from grey market angle: ?
This is a SME IPO of 4150000 equity shares of the face value of Rs. 10 aggregating up to Rs.24.49 Crores. The issue is priced at Rs.59 per share. The minimum order quantity is 2000 Shares.
When will SPP PolymersIPO subscription open?
SPP Polymers IPO opens on September 10, 2024, and closes on September 12, 2024.
What is the lot size of Excellent Wires IPO?
SPP Polymers IPO lot size is 2000 Shares, and the minimum amount required is Rs.118000
How to apply for SPP Polymers IPO?
You can apply in SPP Polymers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is SPP Polymers IPO allotment?
The finalization of Basis of Allotment for SPP Polymers IPO will be done on September 13, 2024, and the allotted shares will be credited to your demat account by September 16, 2024.
When is SPP Polymers IPO listing date?
SPP Polymers IPO listing date is September 17, 2024.
September 17, 2024
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