SPP Polymer Ltd - IPO

SPP Polymer Ltd IPO Details

Initial public issue of 41,50,000 equity shares of face value of Rs. 10/- each of SPP Polymer Limited (SPP Polymer or the Company or the Issuer) for cash at a price of Rs. 59/- per equity share including a share premium of Rs. 49/- per equity share (the Issue Price) aggregating to Rs. 24.49/-crores (The Issue), of which 2,10,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 59 /- per equity share including a share premium of Rs. 49 per equity share aggregating to Rs. 1.24 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 39,40,000 equity shares of face value of Rs. 10/- each at a price of Rs. 59 /- per equity share aggregating to Rs. 23.25/- crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.96 % and 25.59 % respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 /- each and the issue price is 5.9 times of the face value.

Objective of issue

Repayment of Loan. Working Capital Requirement. General Corporate Purposes.

SPP Polymer Ltd Contact Details

SPP Polymer Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@spppolymer.com

Website - www.spppolymer.com