Purv Flexipack Limited IPO

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?

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• 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.
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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

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Strengths

1. 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.

2. 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

1. 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.

2. The company’s business could be affected by the introduction of alternative packaging materials caused by technological changes or consumer preferences.