SPP Polymer Limited IPO Review
Neutral59-59 · SME
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Analyst Verdict
SPP Polymer Limited IPO
Neutral
IPO at a Glance
Price Band
59-59
Issue Size
24cr
Opens
2024-09-08
Closes
2024-09-10
Listing
2024-09-15
Category
SME
Key Strengths
✓The company has an ISO 45001: 2018 and SA 8000:2014 certified occupational health & safety and environment management systems.
✓The company has a diversified customer base and a long-standing relationship with its customers.
✓The promoters has more than 19 years of experience in the polymer (packaging) Industry. The management team has been instrumental in expanding operations, implementing strategic marketing and business initiatives, and focusing on financial performance.
Key Risks
⚠The company has net profit margins between 0.35% to 3.24% in the last three years which is lower when compared to industry standards.
⚠The industry segments in which the company operates is fragmented, it faces competition from other large and small players, which may affect the business operations.
⚠Failure to effectively manage labour or failure to ensure the availability of sufficient labour could affect the business operations of the company.
⚠The company has not entered into any long-term or definitive agreements with its customers. If the customers choose not to source their requirements from the company, its business, financial condition may be adversely affected.
Frequently Asked Questions
Should I apply for SPP Polymer Limited IPO?
Based on our analysis, our rating for SPP Polymer Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of SPP Polymer Limited IPO?
The company has net profit margins between 0.35% to 3.24% in the last three years which is lower when compared to industry standards. The industry segments in which the company operates is fragmented, it faces competition from other large and small players, which may affect the business operations. Failure to effectively manage labour or failure to ensure the availability of sufficient labour coul
What are the strengths of SPP Polymer Limited IPO?
The company has an ISO 45001: 2018 and SA 8000:2014 certified occupational health & safety and environment management systems. The company has a diversified customer base and a long-standing relationship with its customers. The promoters has more than 19 years of experience in the polymer (packaging) Industry. The management team has been instrumental in expanding operations, implementing strategi
What is the price band of SPP Polymer Limited IPO?
The price band for SPP Polymer Limited IPO is 59-59. The IPO has closed.
Full Analysis Available
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