Purv Flexipack IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Feb 27 to Feb 29, 2024
Price Band
₹70-71
Current GMP
₹ 260 (+266.19%)
Subscription
421.78 times
IPO Details
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹71 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,664,000 shares (aggregating up to ₹40.21 Cr) |
| Fresh Issue | 5,664,000 shares (aggregating up to ₹40.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,318,950 |
| Share holding post issue | 20,982,950 |
| Market Maker portion | 348,800 shares Holani Consultants |
IPO Date
February 27, 2024 to February 29, 2024
Listing Date
Tuesday, March 5, 2024
Face Value
₹10 per share
Price Band
₹70 to ₹71 per share
Lot Size
1600 Shares
Total Issue Size
5,664,000 shares (aggregating up to ₹40.21 Cr)
Fresh Issue
5,664,000 shares (aggregating up to ₹40.21 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
15,318,950
Share holding post issue
20,982,950
Market Maker portion
348,800 shares Holani Consultants
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 157.32 |
| Non-Institutional Buyers* | 690.72 |
| Retail Investors | 448.73 |
| Total ** | 421.78 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
157.32
Non-Institutional Buyers*
690.72
Retail Investors
448.73
Total **
421.78
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Feb 27, 2024 | 0.24 | 46.50 | 97.65 | 59.27 |
| Day 2 Feb 28, 2024 | 6.04 | 116.43 | 234.08 | 144.71 |
| Day 3 Feb 29, 2024 | 157.32 | 690.72 | 448.73 | 421.78 |
DayDay 1
Feb 27, 2024
QIB0.24
NII*46.50
Retail97.65
Total59.27
DayDay 2
Feb 28, 2024
QIB6.04
NII*116.43
Retail234.08
Total144.71
DayDay 3
Feb 29, 2024
QIB157.32
NII*690.72
Retail448.73
Total421.78
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 05-03-2024 | 71.00 | 130 (183.1%) | 201 |
| 04-03-2024 | 71.00 | 130 (183.1%) | 201 |
| 03-03-2024 | 71.00 | 125 (176.06%) | 196 |
| 02-03-2024 | 71.00 | 125 (176.06%) | 196 |
| 01-03-2024 | 71.00 | 125 (176.06%) | 196 |
| 29-02-2024 | 71.00 | 112 (157.75%) | 183 |
| 28-02-2024 | 71.00 | 113 (159.15%) | 184 |
| 27-02-2024 | 71.00 | 115 (161.97%) | 186 |
| 26-02-2024 | 71.00 | 125 (176.06%) | 196 |
| 25-02-2024 | 71.00 | 125 (176.06%) | 196 |
| 24-02-2024 | 71.00 | 125 (176.06%) | 196 |
| 23-02-2024 | 71.00 | 121 (170.42%) | 192 |
| 22-02-2024 | 71.00 | 82 (115.49%) | 153 |
| 21-02-2024 | 71.00 | 80 (112.68%) | 151 |
| 20-02-2024 | 71.00 | 60 (84.51%) | 131 |
| 19-02-2024 | 71.00 | 35 (49.3%) | 106 |
Date05-03-2024
Price71.00
GMP130 (183.1%)
Estimate List Price201
Date04-03-2024
Price71.00
GMP130 (183.1%)
Estimate List Price201
Date03-03-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date02-03-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date01-03-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date29-02-2024
Price71.00
GMP112 (157.75%)
Estimate List Price183
Date28-02-2024
Price71.00
GMP113 (159.15%)
Estimate List Price184
Date27-02-2024
Price71.00
GMP115 (161.97%)
Estimate List Price186
Date26-02-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date25-02-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date24-02-2024
Price71.00
GMP125 (176.06%)
Estimate List Price196
Date23-02-2024
Price71.00
GMP121 (170.42%)
Estimate List Price192
Date22-02-2024
Price71.00
GMP82 (115.49%)
Estimate List Price153
Date21-02-2024
Price71.00
GMP80 (112.68%)
Estimate List Price151
Date20-02-2024
Price71.00
GMP60 (84.51%)
Estimate List Price131
Date19-02-2024
Price71.00
GMP35 (49.3%)
Estimate List Price106
IPO Important Dates
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
IPO Open Date
Tuesday, February 27, 2024
IPO Close Date
Thursday, February 29, 2024
Basis of Allotment
Friday, March 1, 2024
Initiation of Refunds
Monday, March 4, 2024
Credit of Shares to Demat
Monday, March 4, 2024
Listing Date
Tuesday, March 5, 2024
Cut-off time for UPI mandate confirmation
5 PM on February 29, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹113,600
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹113,600
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹227,200
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 28,315.64 | 25,852.83 | 18,146.73 |
| Revenue | 13,935.79 | 34,107.83 | 22,943.81 |
| Profit After Tax | 430.13 | 826.13 | 626.73 |
| Net Worth | 8,152.42 | 7,619.22 | 6,793.09 |
| Reserves and Surplus | 6,740.54 | 6,207.34 | 5,381.21 |
| Total Borrowing | 15,013.96 | 12,350.98 | 8,340.10 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 202328,315.64
31 Mar 202325,852.83
31 Mar 202218,146.73
Period EndedRevenue
30 Sep 202313,935.79
31 Mar 202334,107.83
31 Mar 202222,943.81
Period EndedProfit After Tax
30 Sep 2023430.13
31 Mar 2023826.13
31 Mar 2022626.73
Period EndedNet Worth
30 Sep 20238,152.42
31 Mar 20237,619.22
31 Mar 20226,793.09
Period EndedReserves and Surplus
30 Sep 20236,740.54
31 Mar 20236,207.34
31 Mar 20225,381.21
Period EndedTotal Borrowing
30 Sep 202315,013.96
31 Mar 202312,350.98
31 Mar 20228,340.10
Key Performance Indicator
| ROE | 11.46% |
| ROCE | 18.50% |
| Debt/Equity | 1.62 |
| RoNW | 10.84% |
| P/BV | 1.32 |
| EPS (Rs) | 5.39 |
ROE
11.46%
ROCE
18.50%
Debt/Equity
1.62
RoNW
10.84%
P/BV
1.32
EPS (Rs)
5.39
IPO Reservation
| 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%) |
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%)
Information about company
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.
Disclaimer
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