What you must know about Purv Flexipack IPO?
by 5paisa Research Team
19 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 05-Mar-24
- IPO Price Range ₹ 70 to ₹ 71
- Listing Price ₹ 260
- Listing Change 266.2%
- Last Traded Price ₹ 213.95
- Current Change 201.3%
Purv Flexipack IPO Details
- Open Date 27-Feb-24
- Close Date 29-Feb-24
- Lot Size 1600
- IPO Size ₹ 40.21 Cr
- IPO Price Range ₹ 70 to ₹ 71
- Min Investment ₹ 112,000
- Listing Exchange NSE SME
- Basis of Allotment 01-Mar-24
- Refunds 04-Mar-24
- Credit to Demat Account 04-Mar-24
- Listing Date 05-Mar-24
Purv Flexipack IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Feb-24 | 0.24 | 46.40 | 96.66 | 58.75 |
| 28-Feb-24 | 6.04 | 116.32 | 233.05 | 144.17 |
| 29-Feb-24 | 157.32 | 690.72 | 448.73 | 421.78 |
Purv Flexipack IPO Synopsis
Purv Flexipack Limited IPO is all set to open from 27th February to 29th February 2024. The company is engaged in the business of distributing various plastic-based products. The IPO includes a fresh issue of 5,664,000 shares worth ₹40.21 cr. The share allotment date is 1st March 2024, and the IPO will be listed on 5th March 2024 on the stock exchanges. The price band is ₹70 to ₹71 and the lot size is 1600 shares.
Holani Consultants Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Purv Flexipack IPO:
Purv Flexipack Limited plans to utilize the raised capital from the IPO to:
● To repay the borrowings obtained by the company from scheduled commercial banks.
● To fund the working capital requirements.
● General corporate purposes.
About Purv Flexipack
Established in 2005, Purv Flexipack Limited is engaged in the business of distributing various plastic-based products. This includes Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company, for the polymer division, is Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited.
Purv Flexipack is a distributor of various companies which include: SRF Limited, Poddar Pigments Limited, Indian Oil Corporation Limited, Indian Oil Corporation Limited, Brilliant Polymers Private Limited, and Brilliant Polymers Private Limited.
Peer Comparison
● Sah Polymers Limited
For More Information:
Webstory on Purv Flexipack IPO
Purv Flexipack Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 333.17 | 222.37 | 133.03 |
| EBITDA | 18.91 | 9.78 | 9.86 |
| PAT | 8.26 | 6.26 | 5.67 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 258.52 | 181.46 | 154.17 |
| Share Capital | 14.12 | 14.12 | 14.12 |
| Total Borrowings | 167.54 | 101.82 | 92.47 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 22.62 | -1.11 | -5.89 |
| Net cash from / (used in) investing activities | -38.46 | -6.99 | -7.14 |
| Net cash flow from / (used in) financing activities | 15.13 | 8.83 | 10.23 |
| Net increase (decrease) in cash and cash equivalents | -0.72 | 0.73 | -2.80 |
Purv Flexipack IPO Key Points
-
Strengths
1. The company offers a one-stop solution for packaging material.
2. It offers customization of different sizes of roll.
3. The company prioritizes exceptional service to build lasting customer relationships.
4. It also has adequate stock to meet its customers' diverse needs promptly.
5. The company has a well-established infrastructure, showing its commitment to uninterrupted operations.
6. Experienced Promoter and management team.
-
Risks
1. The company is highly dependent upon a limited number of suppliers.
2. Termination or non-renewal of the Agreement with IOC can impact the business.
3. High working capital requirements.
4. It has reported negative cash flows in the past.
5. The industry it operates is highly competitive and fragmented.
Purv Flexipack
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Purv Flexipack IPO FAQs
When does the Purv Flexipack IPO opens and closes?
Purv Flexipack IPO opens from 27th February to 29th February 2024.
What is the size of the Purv Flexipack IPO?
The size of Purv Flexipack IPO is ₹40.21 cr.
How to apply for the Purv Flexipack IPO?
To apply for Purv Flexipack IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Purv Flexipack IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Purv Flexipack IPO?
The price band of Purv Flexipack IPO is fixed at ₹70 to ₹71 per share.
What is the minimum lot size and investment required for Purv Flexipack IPO?
The minimum lot size of Purv Flexipack IPO is 1600 shares and the investment required is ₹1,12,000.
What is the allotment date of the Purv Flexipack IPO?
The share allotment date of Purv Flexipack IPO is 1st March 2024.
What is the Purv Flexipack IPO listing date?
The Purv Flexipack IPO will be listed on 5th March 2024.
Who are the book runners for the Purv Flexipack IPO?
Holani Consultants Private Limited is the book-running lead manager for Purv Flexipack IPO.
What is the objective of Purv Flexipack IPO?
Purv Flexipack Limited plans to utilize the raised capital from the IPO to:
1. To repay the borrowings obtained by the company from scheduled commercial banks.
2. To fund the working capital requirements.
3. General corporate purposes.
Contact Details of Purv Flexipack IPO
Contact Information
Purv Flexipack Limited
Annapurna Apartment, Suit 1C
C, 1st Floor, 23 Sarat Bose Road,
Kolkata-700020
Phone: +91 33 4070 3238
Email: cs@purvflexipack.in
Website: https://www.purvflexipack.in/
Purv Flexipack IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: braceport.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Purv Flexipack IPO Lead Manager
Holani Consultants Private Limited
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