The Srivasavi Adhesive Tapes date has been confirmed from February 23 and ended on February 28. Read the post to learn about Srivasavi Adhesive Tapes IPO GMP.
The IPO of Srivasavi Adhesive Tapes is a fixed price offering worth Rs 15.50 crores. This offering consists solely of 37.8 lakh new shares. Bidding for the Srivasavi Adhesive Tapes IPO commenced on February 23, 2023, and concluded on February 28, 2023. Srivasavi Adhesive Tapes IPO GMP Today is ₹2. The allotment for this IPO was finalized on Friday, March 3, 2023. Subsequently, the shares were listed on NSE SME on March 9, 2023.
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Key Details Of Srivasavi Adhesive Tapes IPO:
Bidding Dates
February 23 – 28,2023
Price Range
₹41 per share
Face Value
₹10 per share
GMP
₹2
Srivasavi Adhesive Tapes IPO GMP
The Srivasavi Adhesive Tapes IPO GMP Today is ₹2.
IPO Overview
Srivasavi Adhesive Tapes produces (coating and converting) die cuts of industrial specialty self-adhesive tapes. They have specialized in creating die cuts of films, foams, and allied products used in a variety of industries, including automotive, locomotive, aerospace, defense, electrical and electronics, renewable industries, and others. The IPO price for Srivasavi Adhesive Tapes is set at ₹41 per share. Retail investors are required to apply for a minimum lot size of 3000 shares, which translates to a minimum investment of ₹123,000. On the other hand, High Net Worth Individuals (HNIs) need to invest in 2 lots, equivalent to 6,000 shares, with a total amount of ₹246,000.
They operate with two separate business divisions. One focuses on serving the domestic market, while the other division handles marketing and sales in international markets. Their presence extends to twenty-three Indian states, and they export their products to thirteen countries.
Srivasavi Adhesive Tapes IPO Date & Price Band Details
| IPO Date | February 23, 2023 to February 28, 2023 |
| Listing Date | March 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares |
Srivasavi Adhesive Tapes IPO Market Lot
Investors have the opportunity to place bids for a minimum of 3000 shares, and they can increase their bids in multiples of this amount. The table provided below illustrates the minimum and maximum investment limits for both retail investors and HNI, in terms of shares and the corresponding amount.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
Srivasavi Adhesive Tapes Company Financials
| Parameters | Year ending on 31st March, 2022 | Year ending on 31st March, 2021 | Year ending on 31st March, 2020 |
| Revenue from operation | 6,434.27 | 5,525.69 | 4,600.46 |
| Profit After Tax (PAT) | 362.12 | 187.34 | 101.13 |
| EBITDA | 594.62 | 338.81 | 281.47 |
| EBITDA Margin in % | 9.37 | 6.13 | 6.18 |
| EPS | 3.48 | 1.80 | 0.97 |
Company Profile
Srivasavi Adhesive Tapes Limited Established in 2010 specialized in the manufacturing, coating, converting, and die cutting of industrial specialty self-adhesive tapes. As a certified ISO 9001:2015 company by TUV Nord, Srivasavi is committed to delivering high-quality products. One of the key offerings of Srivasavi Adhesive Tapes Limited is its customized die cuts of films, foams, and allied products. These products cater to a wide range of industries including automotive, locomotives, aerospace, defense, electrical & electronics, renewable energy, print & paper, food & pharma, FMCG, white & brown goods, furniture, retail, construction, infrastructure, sports & fitness equipment, textiles, and leather industries. With a diverse portfolio,
Srivasavi Adhesive Tapes Limited provides its customers with an extensive selection of pressure-sensitive adhesive tapes, BOPP tapes, eco-friendly paper tapes, filament tapes, double-sided tapes, packaging tapes, specialty protection tapes, surface protection tapes, masking tapes, and specialty foams/films.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Srivasavi Adhesive Tapes Limited |
| Phone number | 08023629383 |
| Email ID | [email protected] |
| Website | https://www.vasavitapes.com/ |
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.
Srivasavi Adhesive Tapes FAQs
When Srivasavi Adhesive Tapes IPO will open?
The Srivasavi Adhesive Tapes IPO opens on February 23, 2023 and closes on February 28, 2023.
What is the lot size of Srivasavi Adhesive Tapes IPO?
Srivasavi Adhesive Tapes IPO lot size is 3000 Shares, and the minimum amount required is ₹123,000.
When is Srivasavi Adhesive Tapes IPO allotment?
The completion of the Basis of Allotment for the Srivasavi Adhesive Tapes IPO is scheduled for Friday, March 3, 2023. Subsequently, the allocated shares will be deposited into your demat account by Wednesday, March 8, 2023.
When is Srivasavi Adhesive Tapes IPO listing date?
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