SPP Polymer Limited
Total Issue: ₹24 Cr
IPO Timeline & Schedule
About SPP Polymer Limited
Established in 2004, SPP Polymers manufactures HDPE/PP woven fabric & bags, non-woven fabrics & bags, and PP Multifilament yarn. Along with manufacturing, it is engaged in processing, trading, importing, packaging, and exporting all kinds of packaging materials like HDPE/PE woven fabrics, Gunny bags, jute bags, and all kinds of fabrics, plastic packaging, polythene packaging, high and low-density polythene, bottles, polypropylene, plastic, containers, PVC, chemicals used mainly used by the customers in the cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities. The company’s manufacturing unit in Uttarakhand has an installed capacity of 9125 MT of HDPE/PP woven fabric and bags and 3600 MT of non-woven fabric.
Key Business 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 & Challenges
- 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.
Transparency & Informational Notice
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