The Flexituff IPO is a Rs 104.63 crore book-built issue. The bidding for the Flexituff IPO began on September 29, 2011, and concluded on October 5, 2011. On October 19, 2011, the shares were listed on the BSE and NSE. The pricing range for the Flexituff IPO is ₹145 to ₹155 per share. An application must have a minimum lot size of 40 shares. Retail investors are required to invest a minimum of ₹6,200.
Flexituff International Ltd, founded in 1966 as Saurabh Potteries & Ceramics, is a manufacturer of Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags, and Leno Bags. Pithampur (M.P.) and Kashipur (Uttrakhand) are the locations of the company’s three integrated and self-sufficient manufacturing units. Flexituff also has a recycling and reprocessing plant in Kandla, which is used to recover polypropylene and create other
plastic compounds. Flexituff International has an R&D centre in Kashipur that is involved in the research and development of various compounds for plastic products such as engineering plastic, bio-degradable plastic, and other innovative product developments.
Flexituff IPO Details
| IPO Date | September 29, 2011 to October 5, 2011 |
| Listing Date | October 19, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹145 to ₹155 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 6,750,000 shares (aggregating up to ₹104.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Flexituff IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 32 | 1280 | ₹198,400 |
Flexituff IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 3,375,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,012,500 (15.00%) | |
| Retail Shares Offered | 2,362,500 (35.00%) | 59,062 |
| Total Shares Offered | 6,750,000 (100%) |
Objects of the Issue (Flexituff IPO Objectives)
- Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;
- Setting up the Dripper Project at Kashipur;
- Working capital requirements;
- General corporate purposes;
- To meet Issue expenses.
Flexituff IPO Listing Details
| Listing Date | October 19, 2011 |
| BSE Script Code | 533638 |
| NSE Symbol | FLEXITUFF |
| ISIN | INE060J01017 |
| Final Issue Price | ₹155 per share |
Flexituff Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹155.00 | ₹155.00 |
| Open | ₹155.00 | ₹156.90 |
| Low | ₹142.00 | ₹142.00 |
| High | ₹185.40 | ₹187.70 |
| Last Trade | ₹166.40 | ₹165.55 |
Flexituff International Ltd Contact Details
Flexituff International Ltd
2nd floor, Main Building,
19, R.N. Mukherjee Road,
Kolkata 700 001, West Bengal
Phone: +91 33 40053995
Email: [email protected]
Website: http://www.flexituff.com
Flexituff IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Flexituff IPO FAQs
Q1. What is Flexituff IPO?
Ans. Flexituff IPO is a main-board IPO of 6,750,000 equity shares with a face value of ₹10, aggregating up to ₹104.63 crore. The issue is priced at ₹145 to ₹155 per share. The minimum order quantity is 40 shares. The IPO opens on September 29, 2011, and closes on October 5, 2011.
Q2. When Flexituff IPO will open?
Ans. The Flexituff IPO opens on September 29, 2011 and closes on October 5, 2011.
Q3. What is the size of the Flexituff IPO?
Ans. Flexituff IPO lot size is 40 shares, and the minimum amount required is ₹6,200.
Q4. When is Flexituff IPO listing date?
Ans. The Flexituff IPO listing date is on October 19, 2011.
