The book-built Purv Flexipack IPO is valued at Rs. 40.21 crores. It consists of a 56.64 lakh share new issuance.
On February 27, 2024, the subscription for the Purv Flexipack IPO will commence, and it will end on February 29, 2024. By Friday, March 1, 2024, the final allocation for the Purv Flexipack IPO is anticipated to be completed. The proposed date of the IPO is Tuesday, March 5, 2024, and it will be listed on the NSE SME platform.
The IPO is expected to be priced between ₹70 and ₹71 per share. For all applications, a minimum lot size of 1600 shares is required. The minimum amount that ordinary investors must invest is ₹113,600. The minimum lot size required for investment by HNIs is two lots (3,200 shares), amounting to ₹227,200.”
The IPO launch of Purv Flexipack ipo Limited has been announced on the esteemed NSE SME Exchange. The whole issue size of this IPO, which is 100% new issue, is Rs. 40.21 crores. The period for submitting an IPO application is February 27, 2024, through February 29, 2024. The prospectus specifies that the lot size for this IPO application is 1600 shares, with a price per share of Rs. 10. The offer price for each share varies from Rs. 70 to Rs. 71.
Please continue to check this website for the most recent information on Purv Flexipack ipo Limited’s initial public offering (IPO), including the business overview, financials, live subscription, allocation, GMP, and more.
Details of the Purv Flexipack IPO
| IPO Opening Date: | 27-02-2024 |
| IPO Closing Date: | 29-02-2024 |
| IPO Price: | ₹70.00-71.00 Per Share |
| IPO Listing At: | NSE SME |
| SME IPO Issue Size: | ₹40.21 Cr |
| Fresh Issue: | ₹40.21 Cr |
| Face Value: | ₹10 Per Equity Share |
| Promoter Holding Pre IPO: | 92.17% |
Important Dates for the Purv Flexipack IPO
| IPO Activity | Date |
| Allotment Date* | 01-03-2024 |
| Refunds * | 04-03-2024 |
| Shares to Demat* | 04-03-2024 |
| IPO Listing Date* | 05-03-2024 |
Lots for Purv Flexipack IPO
| IPO Activity | Date |
| Issue Price | ₹70.00-71.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹113600 |
| Min HNI Lots: | 3200 shares (2 lots |
The Purv Flexipack IPO’s GMP
The Purv Flexipack IPO's most recent GMP, as of February 23, 2024, at 11:25 PM, is ₹121. The expected listing price of Purv Flexipack SME IPO, with a price band of 71.00, is ₹192 (cap price + today's GMP).170.42% is the anticipated gain/loss per share.
About Purv Flexipack IPO as a Company
In May 2005, Purv Flexipack Limited was founded. Biaxially Oriented Polypropylene (BOPP) films, polyester films, Cast Polypropylene (CPP) films, plastic sheets, ink, adhesives, masterbatch, ethyl acetate, and distributed titanium dioxide are among the several plastic-based items that the firm mostly deals in.
In addition, the business runs a Polymer Warehouse (DOPW) for its polymer sector in collaboration with Delhi Creditors Associates (DCA), a dealer of Indian Oil Corporation Limited. In the West Bengal region, the firm is well-established and dominant.
Purv Technoplast Private Limited, Purv Packaging Private Limited, and Purv Ecoplast Private Limited are the company’s three wholly-owned subsidiaries; it also sells plastic goods. Cool Caps Industries Limited is one of the subsidiaries and is listed as a SME on the NSE
Some key points are here:
1. Varied Packaging Options: The company provides a broad selection of packaging solutions tailored to suit the diverse requirements of its clientele.
2. Dedicated Warehouse: It maintains its own warehouse specifically for storage and managing inventory.
3. Modern Facilities: The warehouse is outfitted with state-of-the-art facilities and equipment to guarantee the safe storage of products.
4. Optimal Conditions: The warehouse is carefully maintained under optimal conditions to preserve the quality and integrity of the stored products.
5. Rigorous Inventory Management: The company employs strict inventory management systems to accurately track stock levels and ensure efficient operations.
Strengths of Purv Flexipack IPO
· Robust Management Team: The company boasts a strong, dedicated, and seasoned management team, along with skilled staff members.
· Centralized Solutions: All solutions and answers are conveniently available at one centralized location, streamlining processes for clients.
· Service-Oriented Culture: With a focus on service, the company fosters a culture centered around meeting customer needs effectively and efficiently.
· Expansion in Scope: There has been a notable increase in scale, indicating the company’s growth and expansion into broader markets or offerings.
Goal of Purv Flexipack IPO
- The repayment of existing loans taken from scheduled commercial banks by the company.
- Financial backing for operational capital requirements; and
- General corporate purposes.