SPP Polymer Limited planning to raise up to Rs. 24.49 crore from public issue; IPO opens September 10

New Delhi [India], September 9: SPP Polymer Limited, a leading manufacturing company since over two decades, promoted by Dipak Goyal, Mahavir Bahety & Liladhar Mundhara is planning to raise up to Rs. 24.49 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge Platform of the National Stock Exchange. The public issue opens for subscription on September 10 and closes on September 12. The Proceeds of the public issue will be utilized to meet the company's working capital requirement, prepay or repay loans availed and general corporate purposes. Interactive Financial Services Ltd is the book running lead manager of the issue.