SPP Polymers IPO Allotment Status

Summary

SPP Polymers IPO has received a strong response from investors, closing with an impressive subscription of 43.29 times by 12th September 2024 at 5:43:59 PM (Day 3). The public issue witnessed substantial demand across various investor categories, with the Retail Investors category leading the charge. The Retail segment was subscribed 59.87 times, reflecting significant interest from individual investors.

The Non-Institutional Investors (NII) category demonstrated strong engagement, subscribing 22.35 times. The Market Maker portion was fully subscribed at 1 time. This strong response across all categories underscores the positive market sentiment towards SPP Polymers' offering and suggests optimistic investor expectations for the company's future performance.

How to Check SPP Polymers IPO Allotment Status:

How to Check SPP Polymers IPO Allotment Status on the Registrar's Site?

Step 1 - Visit the web portal of Kfin Technologies Limited. (https://ris.kfintech.com/ipostatus/)

Step 2 - From the dropdown menu, select SPP Polymers IPO.

Step 3 - Choose one of the following three modes: PAN ID, Demat Account number, or Application number

Step 4 - Select "Application Type," then "ASBA" or "non-ASBA."

Step 5 - Enter the information relevant to the mode you have chosen.

Step 6 - For security purposes, fill out the captcha accurately.

Step 7 - Click "Submit."

How to Check SPP Polymers IPO Allotment Status on BSE

On the websites of the Bombay Stock Exchange (BSE), investors who placed a bid for the SPP Polymers IPO can monitor the allotment status:
For BSE:

Step 1 - Visit this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2 - Select "Equity" in the "Issue Type" dropdown.

Step 3 - Choose "SPP Polymers Limited" from the dropdown menu under "Issue Name."

Step 4 - Enter your application number and PAN ID.

Step 5 - Click on 'I am not a robot' and then click "Search".

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

SPP Polymers IPO Timeline:

SPP Polymers IPO Subscription Status

The SPP Polymers IPO received 43.29 subscriptions. By 12th September 2024 at 5:43:59 PM (Day 3), the public issue had been subscribed 59.87 times in the retail category and 22.35 times in the NII category.

Subscription Day 3 (as of 5:43:59 PM)
Total Subscription: 43.29 times
NII: 22.35 times
Retail investors: 59.87 times

Subscription Day 2
Total Subscription: 12.05 times
NII: 2.98 times
Retail investors: 21.13 times

Subscription Day 1
Total Subscription: 5.36 times
NII: 1.25 times
Retail investors: 9.48 times

SPP Polymers IPO Details

SPP Polymers' initial public offering (IPO) is a fixed price issue amounting to ₹24.49 crores. This offering consists of a fresh issue of 41.5 lakh shares.

The bidding process for the SPP Polymers IPO commenced on 10th September 2024 and concluded on 12th September 2024. The allotment results for this IPO are anticipated to be finalised on 13th September 2024. Furthermore, the shares of SPP Polymers are set to be listed on the NSE SME, with a provisional listing date scheduled for 17th September 2024.

The SPP Polymers IPO price has been established at ₹59 per share. Investors must apply for a minimum lot size of 2,000 shares, which requires a minimum investment of ₹118,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (4,000 shares), totalling ₹236,000.

Interactive Financial Services Ltd serves as the book running lead manager for the SPP Polymers IPO. Kfin Technologies Limited is designated as the registrar for this offering. B.N. Rathi Securities is the market maker for the IPO.
 

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