Purv Flexipack Limited IPO
NSE SMEListed On: Mar 5, 2024 at ₹ 260.0
₹ 113600 /1600 Shares
Check Allotment27 Feb, 2024
Open Date29 Feb, 2024
Close Date01 Mar, 2024
Allotment Date05 Mar, 2024
Listing DateIssue Price
₹70-71 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdList Price
260.0Listing Date
2024-03-05Market Lot
1600 Shares (₹113,600/-)Lead Manager
Holani Consultants Private LimitedIssue Size
5,664,000 shares(aggregating up to ₹40.21 Cr)Retail Portion
35%Subscription
421.88 timesPurv 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 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
EPS Pre IPO
₹5.39/-EPS Post IPO
₹4.1/-P/E Pre IPO
13.17P/E Post IPO
17.32ROE
11.46%ROCE
18.50%Debt/Equity
1.62RoNW
10.84%Price to Book Value
1.32Purv Flexipack Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 92.17%
Post Issue Share Holding: %
- Mr. Rajeev Goenka
- Mrs. Poonam Goenka
- M/s Purv Logistics Private Limited
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.
Other Details
Purv Flexipack Limited
Annapurna Apartment, Suit 1C, C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: smeipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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. The size of Purv Flexipack Limited IPO is 5,664,000 shares(aggregating up to ₹40.21 Cr).
Ans. The IPO price band is set between ₹70-71 per equity share.
Ans. To apply for Purv Flexipack Limited IPO 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 allotment status for Purv Flexipack Limited IPO here.
