Purv Flexipack Limited IPO
NSE SMEListed On: Mar 5, 2024 at ₹ 260.0
₹ 227200 /3200 Shares
*Min Investment
27 Feb, 2024
Open Date29 Feb, 2024
Close Date01 Mar, 2024
Allotment Date05 Mar, 2024
Listing DatePurv Flexipack Limited IPO Issue Details
- Issue Price ₹70-71 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 56,64,000 shares(aggregating up to ₹40.21 crore)
- Fresh Share 56,64,000 shares(aggregating up to ₹40.21 crore)
- Listing at NSE SME
- List Price 260.0
- Listing Date 2024-03-05
- Lead Manager Holani Consultants Private Limited
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,13,600 |
| Retail(max) | 1 | 1600 | ₹1,13,600 |
| NII (min) | 2 | 3,200 | ₹2,27,200 |
Purv Flexipack Limited IPO Reservation
Purv Flexipack Limited IPO offers total 5,664,000 shares. Out of which 1,052,800 (18.59%) allocated to QIB, 844,800 (14.92%) allocated to NII,1,900,800 (33.56%) allocated to RII, NA (NA%) allocated to employees and 1,516,800 (26.78%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,516,800 (26.78%) | |
| Market Maker Shares Offered | 348,800 (6.16%) | |
| QIB Shares Offered | 1,052,800 (18.59%) | |
| NII (HNI) Shares Offered | 844,800 (14.92%) | |
| Retail Shares Offered | 1,900,800 (33.56%) | |
| Total Shares Offered | 5,664,000 (100%) |
Purv Flexipack Limited IPO Details
Purv Flexipack Limited IPO is an SME IPO, priced at ₹70-71 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 56,64,000 equity shares, aggregating up to ₹40.21 crores..
The IPO bidding window is open from Feb 27, 2024 to Feb 29, 2024. The allotment is expected to be finalized on Mar 1, 2024, and the tentative listing date is Mar 5, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,13,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,27,200.
Holani Consultants Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Holani Consultants Private Limited will act as the market maker for this issue.
Purv Flexipack Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,052,800 / 844,800 | 1,900,800 | 3,798,400 |
Day 1 27-02-24 06:00 PM | 0.24 / 46.50 x | 97.65 x | 59.27 x |
Day 2 28-02-24 06:00 PM | 6.04 / 116.43 x | 234.08 x | 144.71 x |
Day 3 29-02-24 06:00 PM | 157.32 / 691.13 x | 448.75 x | 421.88 x |
Purv Flexipack Limited Valuations
Purv Flexipack Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 25,852.83 | 18,146.73 | 15,417.62 |
| Revenue | 34,107.83 | 22,943.81 | 13,780.26 |
| Profit After Tax | 826.13 | 626.73 | 567.50 |
| Net Worth | 7,619.22 | 6,793.09 | 5,898.36 |
| Reserves & Surplus | 6,207.34 | 5,381.21 | 4,486.48 |
| Total Borrowing | 12,350.98 | 8,340.10 | 7,077.77 |
About Purv Flexipack Limited Company
Incorporated in the year 2005, Purv Flexipack Limited is engaged in the trading of plastic products like BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The product offerings of the company include Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films.
Different varieties of packaging services catering to different classes of customers form part of this corporation. There are four warehouses they have to take care of storing and inventory managing processes. Modern facilities along with proper tools ensure that no untoward damage could occur in stored products. It is maintained under optimum conditions so as to sustain the quality and integrity of the items stored. The company has also put in strong inventory management systems, ensuring the correct tracking of its inventory.
As of 31st December 2023, the organization has 28 employees spread over the following departments: Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Purv Flexipack Limited - Promoter(s)
Mr. Rajeev Goenka
Mrs. Poonam Goenka
M/s Purv Logistics Private Limited
Pre Issue Share Holding : 92.17%
Post Issue Share Holding : %
Purv Flexipack Limited IPO - Issue Objectives
Repayment of existing borrowings availed by the company from scheduled commercial banks.
Funding working capital requirements
General corporate purposes.
Purv Flexipack Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Purv Flexipack Limited | 5.85 | 5.85 | 53.97 | 13.17 | 10.84 | N/A | N/A |
| Sah Polymers Limited | 2.1 | 2.1 | 33.95 | 54.95 | 4.29 | 2.06 | N/A |
Notes:
- Considering the nature and size of the business of the Company, the peers are not strictly comparable. However, the above Companies have been included for broad comparison.
- Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company for the year ended March 31, 2023.
- P/E Ratio has been computed based on the closing market price of equity shares on NSE Ltd as on January 25, 2024, divided by the Basic EPS provided above in the table.
- For listed peers, RONW is computed as profit after tax for the year ended March 31, 2023, divided by Shareholder's equity.
- Shareholder's Equity has been computed as sum of paid-up share capital and reserve & surplus.
- Net Asset Value per share (NAV) (in Rs.) is computed as the closing net worth divided by the equity shares outstanding as on March 31, 2023.
Contact Details
Purv Flexipack Limited
Annapurna Apartment, Suit 1C, C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020
+91 33 4070 3238
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Purv Flexipack Limited IPO - FAQs
Ans. Purv Flexipack Limited IPO is a SME IPO. The issue is priced at ₹70-71 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Feb 27, 2024, and closes on Feb 29, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Purv Flexipack Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Purv Flexipack Limited IPO is 5,664,000 shares(aggregating up to ₹40.21 Cr).
Ans. The Purv Flexipack Limited IPO price band is set between ₹70-71 per equity share.
Ans. To apply for Purv Flexipack Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Purv Flexipack Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Purv Flexipack Limited IPO is Mar 1, 2024.
Ans. The Purv Flexipack Limited IPO will be listed on Mar 5, 2024.
Ans. Follow the steps to check the Purv Flexipack Limited IPO allotment status online.
