Purv Flexipack Limited IPO Detail
Incorporated in 2005, Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The product portfolio of the company comprises 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
The company provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking.
As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Company Promoters
Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited.IPO Details
| IPO Opening Date | Feb 27, 2024 |
| IPO Closing Date | Feb 29, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 - 71 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹40.21 Cr |
| Fresh Issue | ₹40.21 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.24x | 0.00x | 0.00x | 46.50x | 97.65x | 59.27x |
| Day 2 | 6.04x | 0.00x | 0.00x | 116.43x | 234.08x | 144.71x |
| Day 3 | 157.32x | 0.00x | 0.00x | 690.72x | 448.73x | 421.78x |
IPO Tentative Timetable
The Purv Flexipack Limited IPO open date is Feb 27, 2024, and the close date is Feb 29, 2024. The issue may list on Mar 05, 2024.
| IPO Open Date | Feb 27, 2024 |
| IPO Close Date | Feb 29, 2024 |
| Basis of Allotment Date | Mar 01, 2024 |
| Initiation of Refunds | Mar 04, 2024 |
| Credit of Shares to Demat Account | Mar 04, 2024 |
| IPO Listing Date | Mar 05, 2024 |
IPO Lot Size
The Purv Flexipack Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹113600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹113600 |
| Maximum | 1 | 1600 | ₹113600 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.17% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 15417.62 | 13780.26 | 567.50 |
| 31-Mar-22 | 18146.73 | 22943.81 | 626.73 |
| 31-Mar-23 | 25852.83 | 34107.83 | 826.13 |
| 30-Sep-23 | 28315.64 | 13935.79 | 430.13 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding working capital requirements; and
- General corporate purposes.
Purv Flexipack Limited IPO Registrar:
Link Intime India Private Ltd
Purv Flexipack Limited IPO Lead Manager(s):
Holani Consultants Private Limited
Company Contact Information:
Purv Flexipack Limited
Annapurna Apartment, Suit 1C
C, 1st Floor, 23 Sarat Bose Road,
Kolkata-700020
