Incorporated in 2004,SPP Polymers Limited, formerly known as SPP Food Products Private 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 is located in Rudrapur City, Uttarakhand.
The product portfolio comprises the following
The company offers customized solutions according to its clients’ specifications. 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 has received ISO 9001:2015, 45001:2018, 14001:2015, and SA 8000:2014 accreditation for its quality management system, occupational health and safety management system, and environmental management system.
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.
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 Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 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 After Tax | 91.33 | 99.4 | 54.42 | 28.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,591.64 | 2,500.3 | 2,433.64 | 1,971.82 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,500.27 | 1,408.93 | 2,152.61 | 1,697.22 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,871.94 | 1,897.82 | 2,215.18 | 1,262.21 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of SPP Polymers IPO is Rs 90.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 8.01% |
| ROCE | 4.27% |
| Debt/Equity | 0.71 |
| RoNW | 3.98% |
| P/BV | 2.65 |
| PAT Margin (%) | 1.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.88 | 2.37 |
| P/E (x) | 66.72 | 24.86 |
The company propose to deploy the Net Proceeds for the aforesaid purposes in accordance with the estimated schedule of implementation for the following objects
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹59 per share |
| Lot Size | 2000 Shares |
| Total 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 |
The promoters of the company are Dipak Goyal, Mahavir Bahety, Liladhar Mundhara and Asha Ram Bahety.
| Share Holding Pre Issue | 94.99% |
| Share Holding Post Issue | 69.37% |
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