IPO Details
Bidding Dates
27 Feb '24 - 29 Feb '24
Minimum Investment
₹113,600 / 1 Lot ( 1600 Shares )
Price Range
₹70 - ₹71
Maximum Investment
₹113,600 / 1 Lot ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹40.21 Cr
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 27, 2024
Closing Date
Feb 29, 2024
Basis of Allotment
Mar 1, 2024
Initiation of Refunds
Mar 4, 2024
Credit of Shares to Demat
Mar 4, 2024
Listing Date
Mar 4, 2024
Cut-off time for UPI mandate confirmation
Feb 29, 2024
Purv Flexipack IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Feb 27, 2024 |
0.24x | 46.40x | 96.75x | 58.80x |
Day 2Feb 28, 2024 |
6.04x | 116.43x | 234.08x | 144.71x |
Day 3Feb 29, 2024 |
157.32x | 690.72x | 448.73x | 421.78x |
Purv Flexipack IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 157.32 |
| Non-Institutional Buyers | 690.72 |
| Retail Investors | 448.73 |
| Total | 421.78 |
About Purv Flexipack Limited
Incorporated in 2005, Purv Flexipack Limited is mainly engaged in the distribution of various plastic-based products, such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The company is also a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division.
In 2021, the global flexible packaging market was valued at $68.5 billion and is projected to reach $102.8 billion by 2031, growing at a CAGR of 4.2% from 2021 to 2031. The increase in demand for snack and convenience food in small or single-size portions fuels the growth of the flexible packaging market. The packaging industry is moving toward flexible packaging owing to its multi-fold energy and environmental advantages.
Purv Flexipack Limited IPO Details
Purv Flexipack Limited IPO Dates
Purv Flexipack Limited IPO is a 100% fresh issue of 56,64,000 shares. Purv Flexipack Limited’s IPO will be listed on the NSE Emerge. It is a book-built issue IPO.
Purv Flexipack Limited IPO Price Band
The price range of the IPO has not been decided yet.
Purv Flexipack Limited IPO Lot Size
The lot size of the IPO has not been decided yet.
Purv Flexipack Limited IPO Objectives
The objectives of Purv Flexipack Limited IPO are listed below
- Prepayment and repayment of all or certain market borrowings.
- Funding working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, Sah Polymers Limited is the only listed peer of the company.
How To Check the Allotment Status of the Purv Flexipack Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Purv Flexipack Limited
Registered office: Annapurna Apartment, Suit 1C, 1st Floor, 23 Sarat Bose Road, Kolkata700020 West Bengal
Phone: +91 33 4070 3238
E-mail: cs@purvflexipack.in
IPO Financials
| Particulars | Period Ended on September 30, 2023 | Year Ending on March 31, 2023 | Year Ending on March 31, 2022 | Year Ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 5,809.07 | 16,391.09 | 17,712.69 | 10,686.35 |
| Profit After Tax (PAT) | 196.89 | 552.44 | 405.18 | 328.80 |
| Assets | 14,291.50 | 13,623.45 | 11,546.06 | 11,325.01 |
| Net Worth | 8,152.42 | 7,619.22 | 6,793.09 | 5,898.36 |
| Total Borrowings | 15,013.96 | 12,350.98 | 8,340.10 | 7,077.77 |
Know before investing
Strengths
2-
The company operates as a one-stop solution for packaging material, simplifying the sourcing process with a wide range of products under one roof. Its portfolio includes plastic granules, masterbatch/colourants, films, ink, and adhesives.
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Going forward, the company will continue to endeavour to explore possibilities for new market segments and product portfolios to reach a broader customer base.
Risks
2-
Any inadequate or interrupted supply and price fluctuation of packaging materials may negatively affect its business, results of operations, cash flows, profitability and financial condition.
-
The company’s business could be affected by the introduction of alternative packaging materials caused by technological changes or consumer preferences.
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Enter UPI ID, set quantity/price & submit
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Choose IPO section on Home Page
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Purv Flexipack Limited IPO FAQs
Purv Flexipack Limited IPO is a 100% fresh issue of 56,64,000 shares.
The Basis of Allotment will be done on March 01, 2024.
The IPO subscription window will be open from February 27, 2024, to February 29, 2024.
The lot size of the IPO has not been decided yet.
Purv Flexipack Limited IPO will be listed on NSE Emerge.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
