IPO Plus

₹8.7

■ +0 +0.00%

As of 21 Oct 2026 · delayed

BSE Listed

GSM · GSM 2
What does GSM · GSM 2 mean?
BSE · Graded Surveillance Measure (GSM 2)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice · 2026-07-13

SSPN Finance Limited (539026)

Volume: 4,000Avg Vol 1W: 6,400Avg Vol 1M: 10,18252W Range:₹6.35₹10.59
BSE www.sspn.co.in AI Report
Key Ratios
Checked just now
Market Cap₹3 Cr
Current Price₹8.7
Previous Close₹8.7
High / Low (52w)₹10.59 / ₹6.35
Volume4,000
Avg Vol (1W)6,400
Avg Vol (1M)10,182
Stock P/E290
Book Value₹11.64
Dividend Yield0%
ROE22.69%
ROA248.96%
Revenue (TTM)—
Revenue Growth—
Profit Margin26.09%
Total Debt—
Shares Outstanding0 Cr
Face Value—
EPS (TTM)₹0.03
P/B0.75
Debt / Equity0.46
50 DMA₹7.29
200 DMA—
Day change+0.00%
SurveillanceGSM · GSM 2
Price Chart
₹8.7▲ 2.47% · 1Y
₹11₹632K
2025-10-27
2026-10-21

20-day avg volume: 11K shares

Pros
  • Healthy return on equity of 22.7%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
  • Stock trades below its book value.
Cons
  • Stock trades at a high P/E of 290.
Quarterly Results
MetricSept 2015Jun 2016Sept 2016Jun 2017Sept 2017
Revenue—————
EBITDA—————
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS—————
Profit & Loss (Annual)
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EBITDA₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Net Profit₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
EPS0.40.290.150.1400.020.020.03
Balance Sheet
MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹5 Cr₹5 Cr₹5 Cr₹6 Cr₹6 Cr₹6 Cr₹7 Cr₹7 Cr
Total Liabilities₹1 Cr₹1 Cr₹1 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹3 Cr
Equity₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Total Debt————————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Financing₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Free Cash Flow₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Shareholding
Promoter 0% Institutions 0% Public 100%
Efficiency & Working Capital
ROCE1.5%
Interest Coverage1.1
Dividend Payout—
Debtor Days644 d
Inventory Days0 d
Payable Days0 d
Cash Conversion Cycle644 d
Working Capital Days644 d
Shareholding Details

As of 2026-09-30

Promoter0%
FII0%
DII0%
Institutions0%
Public100%
Promoter Pledge—
No. of Shareholders202
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodMar 2021Sept 2021Mar 2022Sept 2022Mar 2023Sept 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026Sept 2026
Promoters28.3%24.2%24.2%17.9%9.1%6.6%6.6%0%0%0%0%0%
FIIs0%0%0%0%0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%0%0%0%0%
Public71.7%75.8%75.8%82.1%90.9%93.4%93.4%100%100%100%100%100%
Promoter Pledge0%0%0%0%0%0%0%—————
No. of Shareholders134165189199192187200199207202203202
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Kranti Prabhakar ShanbhagPublic Shareholding11.8%4,48,000
Maa Pahari Mercantiles Private LimitedPublic Shareholding7.6%2,88,000
Pravin Ramaswami ChittojiPublic Shareholding6.6%2,51,300
Gurmeetsingh BhamrahPublic Shareholding3.6%1,36,000
Transparent Shares LlpPublic Shareholding2.6%1,00,000
Surya K RaikwarPublic Shareholding2.6%1,00,000
Raghava Ram LakhotiaPublic Shareholding2.3%88,000
Sachin Prabhakar BrahmankarPublic Shareholding2.3%88,000
Ashok Kumar SinghPublic Shareholding2.1%80,000
Prakashbhai Gordhanbhai LathiyaPublic Shareholding1.9%72,000
Rajwant Parmanand SinghPublic Shareholding1.7%64,000
Arvind AgarwalPublic Shareholding1.7%64,000
Neeraj AggarwalPublic Shareholding1.6%60,000
Saurabh GoswamiPublic Shareholding1.4%52,000
Kavita Agarwal.Public Shareholding1.3%48,000
Ganesh Rajasekaran .Public Shareholding1.2%44,000
Madhusudan Rao PolineniPublic Shareholding1.2%44,000
Mithil Yogesh ShahPublic Shareholding1.2%44,000
Smita Kranti ShanbhagPublic Shareholding1.1%40,000
Suresh Ramchandra SoniPublic Shareholding1.1%40,000
Rajnikant Shantilal DoshiPublic Shareholding1.1%40,000
Board of Directors
NameDesignationYear
Bhupesh KumarCEO & Director2025
Sanvedi Parag RaneIndependent Director2025
Sheela Somnath KadechkarIndependent Director2025
Sachin VadgaveDirector2025
Santosh DubeyIndependent Director2025
Uttamkumar SinghDirector2025
RACHANA GOSWAMICompany Sec. & Compli. Officer2025
Devjeet ChakrabortyAdditional Director & CEO2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10444
Company Information
Incorporated2012
AuditorJain Anil & Associates
Investor Email[email protected]
🌐 www.sspn.co.in ↗

📍 Office No 2 plot No 192, Vaintheya CHS Ltd SV Road Vile, Mumbai, Maharashtra, 400056

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