The Purv Flexipack IPO date has been confirmed as February 27, 2024, and closes on February 29, 2024. Read the post to learn about the Purv Flexipack IPO GMP.
The Purv Flexipack IPO has a fixed price immolation of Rs 40.21 crores. The IPO price band for Purv Flexipack Developers is between ₹ 70 and ₹ 71 per share. operations must meet a minimal lot size of 1600 shares. To share, retail investors need to invest at least ₹ 113,600. The minimal investment threshold for High Net Worth individualities (HNI) is set at 2 lots, comprising 3,200 shares, valued at ₹ 227,200.
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Bidding Dates
Feb 27-29
Price Range
₹70 to ₹71 per share
Face Value
₹10 per share
GMP
₹130
Purv Flexipack IPO GMP
The Purv Flexipack IPO GMP Today is ₹130.
Purv Flexipack IPO Overview
This immolation represents an entirely fresh occasion, comprising 56.64 lakh shares. Mark your timetables! Purv Flexipack’s IPO kicks off on February 27, 2024, ending on February 29, 2024. It’s projected that the allotment for the Purv Flexipack IPO will be finished by Friday, March 1, 2024. Tentatively, the Purv Flexipack IPO will debut on NSE SME on Tuesday, March 5, 2024.
Purv Flexipack’s IPO pricing span is from ₹ 70 to ₹ 71 per share. Purv Flexipack IPO GMP Today is ₹ 130. For each operation, the minimal lot size is set at 1600 shares. To share, retail investors need to invest at least ₹ 113,600. The entry threshold for High Net Worth individualities( HNIs) stands at 2 lots, or 3,200 shares, taking an investment of ₹ 227,200.
Purv Flexipack IPO Details
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | 5-Mar, 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 |
Purv Flexipack Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28,315.64 | 25,852.83 | 18,146.73 | 15,417.62 |
| Revenue | 13,935.79 | 34,107.83 | 22,943.81 | 13,780.26 |
| Profit After Tax | 430.13 | 826.13 | 626.73 | 567.50 |
| Net Worth | 8,152.42 | 7,619.22 | 6,793.09 | 5,898.36 |
| Reserves and Surplus | 6,740.54 | 6,207.34 | 5,381.21 | 4,486.48 |
| Total Borrowing | 15,013.96 | 12,350.98 | 8,340.10 | 7,077.77 |
| Amount in ₹ Lakhs | ||||
Purv Flexipack IPO Timeline
| 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 |
Company Profile
Since its establishment in 2005, Purv Flexipack Limited has been distributing a wide range of plastic products, including BOPP film, polyester flicks, CPP flicks, plastic grains, inks, bonds, masterbatches, ethyl acetate, and titanium dioxide. The company’s product immolation includes Plastic grains, Biaxially acquainted polypropylene( BOPP) flicks, HS BOPP, Matt BOPP, lustrous/ Plain/ Printing Grade BOPP, Tape and Textile BOPP, Pearlized BOPP, Polyester flicks, Cast Polypropylene( CPP) flicks. The company offers a variety of packaging results to a wide consumer base. They’ve four
storages to store and manage force. The storehouse is accoutred with ultramodern installations and outfit to enable the safe and secure storehouse of products. It’s kept in optimal conditions to insure the quality and integrity of the stored accouterments . In addition, the organization has espoused tight force operation systems to ensure precise force shadowing. As of December 31st, 2023, the company had 28 staff members employed across colorful departments, similar as Accounts & Finance, Compliance, conservation, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Purv Flexipack Limited |
| Phone number | +91 33 4070 3238 |
| Email ID | [email protected] |
| Website | purvflexipack.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Purv Flexipack IPO FAQs
When Purv Flexipack IPO will open?
The Purv Flexipack IPO opens on February 27, 2024 and closes on February 29, 2024.
What is the lot size of Purv Flexipack IPO?
Purv Flexipack IPO lot size is 1600 Shares, and the minimum amount required is ₹113,600.
When is Purv Flexipack IPO allotment?
The finalization of Basis of Allotment for Purv Flexipack IPO will be done on Friday, March 1, 2024, and the allotted shares will be credited to your demat account by Monday, March 4, 2024.
When is Purv Flexipack IPO listing date?
The Purv Flexipack IPO listing date is not yet announced. The tentative date of Purv Flexipack IPO listing is Tuesday, March 5, 2024.
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