SPP Polymer IPO Day 3 : Check for Subscription status, GMP, key dates, all you need to know

  • SPP Polymer IPO Day 3 : The Subscription for SPP Polymers Initial Public offering (IPO) started on 10 September 2024 and will end on 12 September 2024. Check Subscription status, GMP, key dates, all you need to know

Ujjval Jauhari
Updated12 Sep 2024, 06:39 PM IST
Trade Now
SPP Polymer IPO Day1 : Check for Subscription status, GMP, key dates
SPP Polymer IPO Day1 : Check for Subscription status, GMP, key dates

SPP Polymer IPO Day 3 : The Subscription for SPP Polymers Initial Public offering (IPO) started on 10 September 2024 and will end on 12 September 2024. Check Subscription status, GMP, key dates, all you need to know

SPP Polymer IPO: Subscription Status

The SPP Polymer issue was subscribed 43.29 times by 6.30 PM on 12, September, 2024. The public issue had been subscribed 59.87 times in the retail category, nil times in the QIB category, and 22.35 times in the NII category, suggested chittorgarh.com data

 

Also Read | Shree Tirupati Balajee Agro IPO: GMP signals a stellar listing on Thursday

SPP Polymer IPO: Key dates and other details

The Subscription for Initial Public offering (IPO) started on 10 September 2024 and will end on 12 September 2024.

On Friday, September 13, 2024, the allotment for the SPP Polymers IPO is anticipated to be completed. Tuesday, September 17, 2024 is the tentative listing date for the SPP Polymers IPO on NSE SME.

Also Read | P N Gadgil Jewellers IPO: Here are 10 key risks from the RHP you should know

The 24.49 crore SPP Polymers IPO is a fixed price offering. This is a brand-new 41.5 lakh share offering.

The IPO price of SPP Polymers is 59 per share. An application must have a minimum lot size of 2000 shares. Retail investors are needed to invest a minimum of 118,000. HNI requires a minimum lot size investment of two lots, or 4,000 shares, for a total of 236,000.

 

Also Read | Mach Conferences and Events share price lists with strong 33% premium at ₹300
Also Read | NTPC, Power Grid share prices: Power demand dips in August, but outlook firm

SPP Polymer IPO: Objectives of the issue

SPP Polymer intends to use the Net Proceeds for the aforementioned uses in line with the projected implementation timeline for the following goals.

For Loan Repayment, For meeting working capital requirements and for general corporate purposes.

SPP Polymer IPO GMP or Grey Market Premium

SPP Polymer IPO's GMP stood at +15 as per the Investorgain.com data. This means that the SPP Polymer IPO shares are presumably being offered in the Grey market for an additional 15 over the issue price.

 

With the issue price of the SPP Polymer and taking into consideration the premium in the grey market, the anticipated listing price of 74 per share is thus 25.42% higher than the IPO price of 59.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions

 

 

 

 

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:12 Sep 2024, 06:39 PM IST
Business NewsMarketsStock MarketsSPP Polymer IPO Day 3 : Check for Subscription status, GMP, key dates, all you need to know

Most Active Stocks

Bandhan Bank share price

211.00
03:51 PM | 11 OCT 2024
23.25 (12.38%)

Tata Steel share price

160.70
03:51 PM | 11 OCT 2024
1.05 (0.66%)

Axis Bank share price

1,174.25
03:29 PM | 11 OCT 2024
-9.5 (-0.8%)

Zee Entertainment Enterprises share price

130.10
03:55 PM | 11 OCT 2024
0.7 (0.54%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Cummins India share price

3,611.75
03:55 PM | 11 OCT 2024
-169.6 (-4.49%)

Star Health and Allied Insurance share price

547.85
03:59 PM | 11 OCT 2024
-19.35 (-3.41%)

Creditaccess Grameen share price

1,081.40
03:29 PM | 11 OCT 2024
-38 (-3.39%)

Jubilant Pharmova share price

1,146.15
03:55 PM | 11 OCT 2024
-37.65 (-3.18%)
More from Top Losers

Nippon Life share price

700.85
03:53 PM | 11 OCT 2024
59.15 (9.22%)

Network 18 Media & Investments share price

81.44
03:52 PM | 11 OCT 2024
5.16 (6.76%)

Sonata Software share price

608.50
03:42 PM | 11 OCT 2024
36.1 (6.31%)

Triveni Turbines share price

790.10
03:29 PM | 11 OCT 2024
45.85 (6.16%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    76,645.000.00
    Chennai
    76,651.000.00
    Delhi
    76,803.000.00
    Kolkata
    76,655.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts