Srivasavi Adhesive Tapes Limited IPO Detail
Incorporated in 2010, Srivasavi Adhesive Tapes Limited is engaged in manufacturing, coating, converting, and Die cuts of industrial Specialty self-adhesive tapes. Srivasavi is an ISO 9001:2015 certified company certified by TUV Nord.
Srivasavi Adhesive Tapes Limited customized die cuts of Films, Foams, and allied products. It caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.
The company serves its customers with a wide range of pressure-sensitive adhesive tapes, BOPP tapes, Eco-Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.
Srivasavi Adhesive widely has two business divisions
- Domestic Sales
- Exports
The company has a presence in 23 states in the domestic market base. And Internationally they supply products in including Egypt, United State of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and UAE based on sales made for the period ended September 30, 2022.
Company Promoters
D N Anilkumara and Ashwini DA are the Promoters of the company.IPO Details
| IPO Opening Date | Feb 23, 2023 |
| IPO Closing Date | Feb 28, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹41 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹15.50 Cr |
| Fresh Issue | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.68x | 0.17x | 0.42x | |
| Day 2 | - | - | 1.15x | 0.41x | 0.78x | |
| Day 3 | - | - | 1.46x | 1.38x | 1.42x | |
| Day 4 | - | - | 7.08x | 8.01x | 7.55x |
IPO Tentative Timetable
The Srivasavi Adhesive Tapes Limited IPO open date is Feb 23, 2023, and the close date is Feb 28, 2023. The issue may list on Mar 09, 2023.
| IPO Open Date | Feb 23, 2023 |
| IPO Close Date | Feb 28, 2023 |
| Basis of Allotment Date | Mar 03, 2023 |
| Initiation of Refunds | Mar 06, 2023 |
| Credit of Shares to Demat Account | Mar 08, 2023 |
| IPO Listing Date | Mar 09, 2023 |
IPO Lot Size
The Srivasavi Adhesive Tapes Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123000 |
| Maximum | 1 | 3000 | ₹123000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2263.66 | 5566.61 | 187.34 |
| 31-Mar-22 | 2763.35 | 6392.19 | 362.12 |
| 30-Sep-22 | 3051.98 | 3072.61 | 180.73 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
Srivasavi Adhesive Tapes Limited IPO Registrar:
Bigshare Services Pvt Ltd
Srivasavi Adhesive Tapes Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Srivasavi Adhesive Tapes Limited
No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore
Bangalore
Bangalore
