SPP Polymer Share Price

SPP Polymer Limited was originally incorporated dated August 17, 2004 as S.P.P. Food Products Private Limited as a Private Limited Company vide Certificate of Incorporation dated August 27, 2004, issued by the Registrar of Companies, N.C.T. of Delhi Haryana. Name of the Company was changed to SPP Polymer Private Limited dated May 12, 2023. Thereafter, it got converted into Public Company and the name was changed to SPP Polymer Limited and a fresh Certificate of Incorporation dated September 20, 2023 was issued by the Registrar of Companies, Delhi.Company is engaged in manufacturing of HDPE/PP woven fabric bags, Nonwoven fabrics bags and PP Multifilament yarn. The Company offer packaging solutions to Business to Business (B2B) manufacturers catering to different industries such as cements, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities. It has manufacturing plant at Pantnagar, in Uttarkhand. It has installed capacity of HDPE/PP Woven Fabric and bags 9125 MT and NonWoven Fabric 3600 MT. Secondly, the leno fabrics are used for packing of vegetables, fruits etc. These fabrics are light in weight and ideally suited for packaging corrugated or wooden boxes, cloth bales, machinery, and many other finished goods for complete protection. They are used in making of bags, sacks, packing for Textiles, Upholstery, Carpets, Making Tarpaulin Covers, and OpenAir Storage. The fabric is available in laminated and unlaminated form through inhouse lamination facility. HDPE (HighDensity Polyethylene) and PP (Polypropylene) woven fabrics are versatile materials that find applications in various industries. These woven fabrics are made by weaving together plastic strips/ yarns, resulting in a strong and durable fabric with excellent tear resistance and tensile strength. The manufacturing process includes extrusion of plastic tapes, weaving via circular looms, optional lamination for waterproofing, and final conversion through cutting, stitching, and printing machine.In September 2024, Company launched the IPO by issuing 41,50,000 equity shares of Rs 10 each and raised a fresh issue of 24.49 Crore.