SPP Polymer Ltd. has announced public offering of 4150000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 49.00 per share. The gross proceeds of the issue are expected to be Rs 2,448.50 lakhs.

The company's initial public offer (IPO) will open on 10 September 2024 and is expected to close on 12 September 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 4150000 Equity Shares of the Company at an price of Rs 59.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

SPP Polymer Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.