The Purv Flexipack IPO date has been confirmed from February 27, 2024 and closes on February 29, 2024. Read the post to learn about Purv Flexipack IPO GMP.
The Purv Flexipack Developers IPO has a fixed price offering amounting to Rs 40.21 crores. The IPO price band for Purv Flexipack Developers is established between ₹70 and ₹71 per share. Applications must meet a minimum lot size of 1600 shares. To participate, retail investors need to invest at least ₹113,600. The minimum investment threshold for High Net Worth Individuals (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.
IPO Overview
This offering represents an entirely fresh opportunity, comprising 56.64 lakh shares. Mark your calendars! Purv Flexipack’s IPO kicks off on February 27, 2024, wrapping up on February 29, 2024. It is 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 application, the minimum lot size is set at 1600 shares. To participate, retail investors need to invest at least ₹113,600. The entry threshold for High Net Worth Individuals (HNIs) stands at 2 lots, or 3,200 shares, requiring 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 films, CPP films, plastic granules, inks, adhesives, masterbatches, ethyl acetate, and titanium dioxide. The company’s product offering includes 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 offers a variety of packaging solutions to a wide consumer base. They have four
warehouses to store and manage inventory. The warehouse is outfitted with modern facilities and equipment to enable the safe and secure storage of products. It is kept in optimal conditions to ensure the quality and integrity of the stored materials. In addition, the organisation has adopted tight inventory management systems to ensure precise inventory tracking. As of December 31st, 2023, the company had 28 staff members employed across various departments, such as Accounts & Finance, Compliance, Maintenance, 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 | braceport.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Purv Flexipack Limited |
| Phone number | +91 33 4070 3238 |
| Email ID | cs@purvflexipack.in |
| 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.
