SPP Polymers IPO subscription status started on September 10, 2024, and closed on September 12, 2024. The company aims to raise approximately ₹24.89 crore via this IPO. The retail quota is 50%, and NII 50%. The price band is fixed at ₹59 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹1,18,000. SPP Polymers is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
SPP Polymer Limited, formerly known as SPP Food Products Private Limited, was established in 2004. Located in Rudrapur City, Uttarakhand, it stands as a leading manufacturer of HDPE/PP woven fabrics and bags, nonwoven fabrics and bags, and multifilament yarns. To support its commitment to sustainable growth, trustworthiness, and transparency, the company has invested in modern production facilities and a quality control unit, ensuring high-quality products at competitive prices. Certified by ISO 9001:2008, SPP Polymer Limited is renowned for its substantial installed capacity, producing 12,000 MT of HDPE/PP woven fabrics and bags, 4,000 MT of nonwovens, and 300 MT of multifilament yarn annually. Consequently, it supplies over 1 million HDPE/PP woven poly bags each month to various industries, including cement, packaging, and fertilizers.
Incorporated in 2004, SPP Polymer Limited specializes in a diverse product range, including:
- HDPE/PP Woven Fabric
- HDPE/PP Woven Bags
- Nonwoven Fabric
- Nonwoven Bags
- Multifilament PP Yarn
Furthermore, the company offers customized solutions tailored to client specifications. With an annual installed capacity of 12,000 MT for HDPE/PP woven fabrics and bags, 4,000 MT for nonwoven fabrics, and 300 MT for multifilament yarn, it maintains high standards across its operations. Additionally, SPP Polymer Limited holds certifications for quality management (ISO 9001:2015), occupational health and safety (ISO 45001:2018), environmental management (ISO 14001:2015), and social accountability (SA 8000:2014). Ultimately, its products cater to industries such as agro-pesticides, cement, chemicals, fertilizers, food products, textiles, ceramics, and steel.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
SPP Polymers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1.25 | 2.98 | 22.35 |
| RII | 9.48 | 21.13 | 59.87 |
| Total | 5.36 | 12.05 | 43.29 |
IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for SPP Polymers
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SPP Polymers IPO Form
To apply for the SPP Polymers IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 10, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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