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Srivasavi Adhesive Tapes IPO

Small CapSME
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IPO Details

Bidding Dates

23 Feb '23 - 28 Feb '23

Minimum Investment

₹123,000 / 1 Lots ( 3000 Shares )

Price Range

₹41

Maximum Investment

₹123,000 / 1 Lots ( 3000 Shares )

Retail Discount

To be announced

Issue Size

₹15.50 crore

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 23, 23

IPO Closing Date

Feb 28, 23

IPO Allotment Date

Mar 3, 23

Initiation of Refunds

Mar 6, 23

Credit of Shares to Demat Account

Mar 8, 23

Listing Date

Mar 9, 23

IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 23 2023

0.680.180.43

Day 2Feb 24 2023

1.150.410.78

Day 3Feb 27 2023

1.461.391.42

Day 4Feb 28 2023

7.118.277.69

About Company

The company manufactures (coating and converting) die cuts of industrial speciality self-adhesive tapes. They have specialised in producing die cuts of films, foams and allied products used across industries - automotive, locomotive, aerospace, defence, electrical and electronics, renewable industries and others. 

They have two business divisions. One caters to the domestic market. They have a presence in twenty-three Indian states. The export division takes care of marketing and sales in the international markets where it exports to thirteen countries.

Srivasavi Adhesive Tapes Ltd. IPO Objective

  • The company proposes to utilise the funds from the fresh issue IPO to meet working capital requirements and fund general corporate purposes. 

Why should you invest in the Srivasavi Adhesive Tapes Ltd. IPO?

Here are your top reasons to invest in the IPO. 

  • Their product portfolio includes industrial self-adhesive tapes with various types of adhesive systems to suit different industrial applications. 
  • They have an extensive client base across twenty-three Indian states and thirteen foreign countries. A sizable portion of the company’s revenue comes from export activities. 

Srivasavi Adhesive Tapes Company Financials

ParametersYear ending on 31st March, 2022Year ending on 31st March, 2021
Revenue from operation6,434.275,525.69
Profit After Tax (PAT)362.12187.34
EBITDA594.62338.81
EBITDA Margin in %9.376.13
EPS3.481.80

Know before investing

Strengths

3

  1. The company has future plans to install a new manufacturing unit and expand its product base.

  2. They are exploring new geographical markets to expand their global footprint.

  3. The company is leveraging technology to improve operational efficiency and quality assurance.

Risks

3

  1. There are legal cases pending against the company which might impact its future business.

  2. Losing top customers can be a blow to the company’s business and impact future profitability.

  3. The company may face losses in the future if there is a shortage or inadequate supply of raw materials or fluctuation in raw material prices.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Srivasavi Adhesive Tapes IPO FAQs

Srivasavi Adhesive Tapes Ltd. SME IPO is a fresh issue IPO. The total IPO size is ₹15.50 crore. The price for the IPO shares is fixed at ₹41 per equity share.
The IPO shares of Srivasavi Adhesive Tapes Ltd. will be allotted on March 3, 2023.
One lot of Srivasavi Adhesive Tapes Ltd.’ IPO has 3000 shares.
The IPO will open on February 23, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the NSE exchange on March 9, 2023.
Log in to your investor account to check Srivasavi Adhesive Tapes Ltd. IPO allotment status. When checking the allotment status, keep your application, DP ID, and PAN number ready.
IPO shares can list on the exchange in premium or discount depending on the changing investors' interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date. 
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
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