Purv Flexipack IPO Logo

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 Subscription Details

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

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

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 Lot Size

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 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

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%)

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

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App