SPP Polymers IPO

SPP Polymer's INR 24.49 crore IPO includes a fresh issue of 41.5 lakh shares to repay loans, meet working capital needs, and support corporate purposes.

Important Details

Open Date : September 10, 2024 Close Date : September 12, 2024 Allotment Date: September 13, 2024 Listing Date: September 17, 2024

Important Details

IPO Price: INR 59 per share Lot Size: 2000 Shares Total Issue Size: INR 24.49 crores

Fundamental Analysis

SPP Polymers IPO shows mixed performance: 1. Mixed revenue trends: decline then growth. 2. Increased equity, liabilities, and debt reliance. 3. Significant improvement in profitability and EPS. 4. Weakened liquidity and lower inventory turnover.

Peer Comparison.

SPP Polymer: moderate revenue, profitability, EPS, and RoNW. Rishi Techtex: higher profitability and efficiency. EMMBI Industries: leads in revenue, profitability, and returns.

Objective

Main objective of SPP Polymer Limited is to repay loans and meet working capital requirements.

Risks And Challenges

SPP Polymers IPO Risks: 1. Ongoing litigation & potential penalties. 2. Disruptions from equipment failures or natural disasters. 3. Intense competition affecting pricing and margins. 4. Small, uncertain market share.