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SPP Polymer Debuts Quietly on NSE SME with 7% Premium and shares lists at ₹63

SPP Polymer had a quiet debut on September 17, listing at ₹63 per share on the NSE SME platform. The 7% premium over the ₹59 issue price reflected a muted market reception.
SPP Polymer Debuts Quietly on NSE SME with 7% Premium and shares lists at ₹63

SPP Polymer had a quiet start on its stock market debut on September 17, listing at ₹63 per share on the NSE SME platform. This price was a 7% premium above the issue price of ₹59, showing a subdued market reception.

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SPP Polymer Limited IPO saw significant attention on its third day, with a 39.08x subscription, showed strong market demand for its shares in the booming steel industry.

SPP Polymers Limited, certified ISO 9001:2015, produces HDPE/PP woven fabrics, bags, non-woven fabrics, and PP multifilament yarn. The company specialises in B2B packaging solutions, emphasising quality, customization, and environmental standards. Raw materials are sourced from reliable vendors and tested in their advanced lab. Rigorous quality checks ensure high durability, strength, and performance.

SPP Polymer Limited will use INR 7.75 crores to repay loans, INR 18.01 crores for FY 2023-24 working capital, and INR 5.87 crores for general corporate purposes, supporting debt reduction and business growth.

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