58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

SPP Polymer Limited IPO Analysis

SPP Polymer IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Packaging & Disposables sector. Interactive Financial Services is the merchant banker of SPP Polymer IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th March 2024.

SPP Polymer IPO posted revenues of Rs 115.84 crores and PAT of Rs 3.64 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

SPP Polymer IPO Financial Performance (Restated)

Financial results of SPP Polymer IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Jun-24
FY 24
FY 23
FY 22
Balance Sheet
Assets
0.76
0.71
0.54
0.38

Net Worth
0.26
0.25
0.24
0.20

Total Debt
0.19
0.19
0.22
0.13

Profit & Loss
Revenue
Revenue on annualised basis
0.29
1.16
0.94
0.67
0.81

EBITDA
EBITDA on annualised basis
0.02
0.08
0.06
0.03
0.02

PAT
PAT on annualised basis
0.01
0.04
0.01
0.01
[●]

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

SPP Polymer IPO Key performance Indicators (KPI)

SPP Polymer IPO PAT Margin is 3.45%, ROCE (Return on Capital Employed) is 0.04% as per latest financial. The below table shows SPP Polymer IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Jun-24
FY 24
FY 23
FY 22

EBITDA Margin (%)
6.90
6.38
4.48
2.47

PAT Margin (%)
3.45
1.06
1.49
[●]

EPS (Rs.)
4.75
6.46
4.54
6.44

ROE (%)
3.85
4.00
4.17
[●]

ROCE (%)
0.04
0.09
0.05
0.04

ROA (%)
1.32
1.41
1.85
[●]

Debt to Equity (x)  
0.73
0.76
0.92
0.65

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

SPP Polymer IPO Valuation Metrics

The market Capitalisation of SPP Polymer IPO is Rs 90.81 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
90.81

Enterprice Value (EV) (Rs. Cr.):
91.00

EV/EBITDA (times) :
1,137.50

PE Multiple (times) :
24.86

P/B (times) :
3.67

NAV (Rs.) :
23.05

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in SPP Polymer prospectus?

The SPP Polymer IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of SPP Polymer IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows SPP Polymer IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for SPP Polymer IPO ?

The post-IPO market capitalisation of SPP Polymer IPO is ₹90.81 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of SPP Polymer IPO?

The SPP Polymer IPO has a Price-to-Earnings (PE) ratio of 24.86 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of SPP Polymer IPO?

SPP Polymer IPO reported revenue of ₹115.84 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from SPP Polymer IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of SPP Polymer IPO?

SPP Polymer recorded an EBITDA of ₹ 0.08 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of SPP Polymer IPO?

SPP Polymer Profit After Tax (PAT) is ₹0.04 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1.16 Cr.
            EBITDA: ₹ 0.08 Cr.
            PAT: ₹ 0.04 Cr.
  • EBITDA Margin: 6.90 %
            Pat Margin: 3.45%
  • Net Worth: ₹ 0.26 Cr.
  • Market Capitalisation: ₹ 90.81 Cr.
  • P/E: 24.86 times
  • P/BV: 3.67 times
  • EV/EBITDA: 1,137.50 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

SPP Polymer operates in Packaging & Disposables and Manufacturer Of A Wide Range Of HDPE/PP Woven Fabric And Bags, Non-woven Fabrics And Bags. The Issue is listed on NSE EMERGE in Sep, 2024. SPP Polymer IPO size was 24.49 with Issue price of 59.00 .

SPP Polymer IPO subscription was 43.29 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

SPP Polymer IPO listed at a listing price of 63.00 against the offer price of 59.00.

The current market price of SPP Polymer is 19.05.

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