Purv Flexipack Limited IPO
Purv Flexipack Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹70–₹71 per share. The stock debuted at ₹260, delivering a listing gain of 266.2%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,13,600.
Purv Flexipack Limited IPO
- IPO Dates
- Feb 27, 2024 – Feb 29, 2024
- Price band
- ₹70-71 per equity share
- Minimum Investment
- ₹1,13,600
- Issue size
- ₹40.21 Cr
- Lot size
- 1600
- Allotment Date
- Mar 1, 2024
- Listing
- Mar 5, 2024
- Listing At
- NSE SME
IPO timeline
-
Feb 27, 2024
Open Date
Completed
-
Feb 29, 2024
Close Date
Completed
-
Mar 1, 2024
Allotment Date
Completed
-
Mar 5, 2024
Listing Date
Completed
Purv Flexipack Limited IPO Essentials
Purv Flexipack Limited IPO Details
Purv Flexipack Limited IPO is priced at ₹70-71 per share with a total issue size of 40.21 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹70-71 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,664,000 shares(aggregating up to ₹40.21 Cr)
- Total issue size
- 56,64,000 shares
(aggregating up to ₹40.21 crore) - Fresh issue
- 56,64,000 shares
(aggregating up to ₹40.21 crore) - Listing at
- NSE SME
- List price
- 260.0
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Holani Consultants Private Limited
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 reservation details show category-wise allocation of shares. Out of the total 5,664,000 shares, approximately 18.59% are reserved for QIB, 14.92% for NII, 33.56% for retail investors, 6.16% for market maker, and 26.78% for 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 Analytics
Purv Flexipack Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Purv Flexipack Limited IPO Subscription Status
Purv Flexipack Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹5.39/-
- EPS Post IPO
- ₹4.1/-
- P/E Pre IPO
- 13.17
- P/E Post IPO
- 17.32
Returns
- ROE
- 11.46%
- ROCE
- 18.50%
- RoNW
- 10.84%
Fundamentals
- Debt / Equity
- 1.62
- Price / Book
- 1.32
Purv Flexipack Limited Financials( In Lakhs)
| 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 |
Purv Flexipack Limited Company & Offer Insights
About Purv Flexipack Limited
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 are the company's promoters of Purv Flexipack 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.
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 Information
Contact Details
Purv Flexipack Limited
+91 33 4070 3238
Annapurna Apartment, Suit 1C, C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
Purv Flexipack Limited IPO is a book-built IPO worth ₹40.21 crore. The price band is ₹70–₹71 per share. The IPO opens on Feb 27, 2024 and closes on Feb 29, 2024. It will be listed on NSE SME Platform. Link Intime India Private Ltd is the registrar.
The price band of Purv Flexipack Limited IPO is ₹70 to ₹71 per share.
The lot size of Purv Flexipack Limited IPO is 1600 shares.
The minimum investment for Purv Flexipack Limited IPO is approximately ₹1,13,600 based on the upper price band .
Purv Flexipack Limited IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.
The allotment date of Purv Flexipack Limited IPO is Mar 1, 2024.
Purv Flexipack Limited IPO is expected to be listed on Mar 5, 2024, on NSE SME Platform.
Purv Flexipack Limited IPO valuation snapshot: P/E 17.32, EPS ₹4.1/-, P/B 1.32, RoNW 10.84%, and market cap N/A.
To apply for Purv Flexipack Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Purv Flexipack Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Purv Flexipack Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Purv Flexipack Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Purv Flexipack Limited IPO allotment status on IPO Ji for quick and easy access.