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Purv Flexipack Ltd

Purv Flexipack Ltd IPO opened on 27 Feb 2024 and closed on 29 Feb 2024, with a price band of ₹71–₹71 per share. The IPO had a lot size of 1600 shares, requiring a minimum investment of ₹1,13,600 per lot at the upper price band. The issue size was ₹40.21 crore, and the shares get listed on 05 Mar 2024.

Purv Flexipack Ltd IPO Details

Listing Date

05 Mar 2024

Bid Price

₹71 - ₹71

Lot Size

1600 Shares

Minimum Investment

₹1,13,600 / 2 Lots

Issue Size

₹40.21 Cr

Key Dates to Track

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

27th Feb

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Offer End Date

29th Feb

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Allotment Date

1st Mar

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Refund Initiation

4th Mar

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Demat Transfer

4th Mar

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Listing Date

5th Mar

Purv Flexipack Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 88.05% 0%
Public Group 11.95% 0%

Purv Flexipack Ltd IPO Reservation

QIB Shares Offered 10,52,800 (18.59%)
NII (HNI) Shares Offered 8,44,800 (14.92%)
Retail Shares Offered 19,00,800 (33.56%)
Anchor Investor Shares Offered 15,16,800 (26.78%)
Total Shares Offered 56,64,000
Total Shares With Anchor Investor 56,64,000

Purv Flexipack Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,600 ₹1,13,600
Retail (Max) 1 1,600 ₹1,13,600
S HNI (Min) 2 3,200 ₹2,27,200
S HNI (Max) 8 12,800 ₹9,08,800
B HNI (MIN) 9 14,400 ₹10,22,400

Purv Flexipack Ltd IPO registrar

MUFG Intime India Pvt Ltd
Phone Number +91 22 49186200
Email Id braceport.ipo@linkintime.co.in
Website www.linkintime.co.in

Purv Flexipack Ltd IPO Lead Manager

1. Holani Consultants Pvt Ltd

Purv Flexipack Ltd Financial Information

March 31, 2025 March 31, 2024 March 31, 2023
Net Worth ₹137.43 Cr ₹127.75 Cr ₹76.57 Cr
Reserves and Surplus ₹116.45 Cr ₹106.76 Cr ₹62.45 Cr
Total Borrowing ₹187.2 Cr ₹145.68 Cr ₹123.51 Cr

Purv Flexipack Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 0 0 0
Non Institutional Investors (NIIs) 0 58,40,96,000 0
Retail Individual Investors (RIIs) 0 85,50,27,200 0
Total 0 1,60,47,45,600 283.3237

Strength of Purv Flexipack Ltd

  • Strong, experienced, and dedicated senior management and qualified workforce.
  • All Solution under One Roof.
  • Customization of different size of roll.
  • Service-Centric Culture.
  • Stocked up.
  • Long and Strong relationship with customers and supplier and efficient Supply Chain management.
  • Infrastructure.
  • Strong and consistent financial performance.

Risks Involved

  • Inadequate or interrupted supply and price fluctuation of packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.
  • The company is highly dependent upon a limited number of suppliers. 76.32%, 80.74% and 74.79% of its Total Purchases are derived from its top 5 suppliers for the Fiscal Years ended on March 31, 2023, 2022 and 2021.
  • The company has entered into Del Credere Associate (DCA) Agreement and Del Credere Associate Operated Polymers Warehouse (DOPW) Agreement with Indian Oil Corporation Ltd. ("IOCL"). Termination or non-renewal of the Agreement or any material modification to the existing terms under such agreement adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.
  • The Company requires significant amounts of working capital and 82.05%, 90.51% and 90.42% of its current assets comprises of trade receivables and inventories for the Fiscal Year ended on March 31, 2023, 2022 and 2021. Its inability to meet the company's working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.
  • The introduction of alternative packaging materials caused by changes in technology or consumer preferences may affect demand for its existing products, which may adversely affect the company financial results and business prospects.
  • The company derives a portion of its revenue from certain customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows.
  • Its Group Companies Purv Films Private limited, Apex Flexipack Private Limited, Millenium Plastipack Private Limited, Purv Ecoplast Private limited, Purv Packaging Private limited and its Subsidiary Company Cool Caps Industries Limited, is carrying on business activities similar to its business. This may be a potential source of conflict of interest for it and which may have an adverse effect on its business, financial conditions, and results of operations.
  • There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products traded by the company is banned in India, it could have a material and adverse effect on its business and results of operations.
  • There are pending litigations against the company, its Promoters, its Directors and its Group Companies and any adverse decision in these proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, result of operations and financial conditions.
  • The company has not entered into any long-term or definitive agreements with all its customers. If its customers choose not to source their requirements from it, the company's business, financial condition and results of operations may be adversely affected.
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Frequently Asked Questions

What is Purv Flexipack Ltd IPO?

Answer Field

Purv Flexipack Ltd IPO is a SME IPO of 56,64,000 equity shares of a face value of ₹10 aggregating up to ₹40.21 Crores. The issue is priced at ₹71 to ₹71 per share. The minimum order quantity is 1600 Shares. The IPO opens on February 27, 2024, and closes on February 29, 2024. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Purv Flexipack Ltd IPO will open?

Answer Field

The Purv Flexipack Ltd IPO opens on February 27, 2024 and closes on February 29, 2024.

What is the lot size of Purv Flexipack Ltd?

Answer Field

Purv Flexipack Ltd lot size is 1600 shares, and the minimum amount required is ₹1,13,600.

How to apply for Purv Flexipack Ltd IPO?

Answer Field

You can apply in Purv Flexipack Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Purv Flexipack Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Purv Flexipack Ltd IPO will be done on March 01, 2024, and the allotted shares will be credited to your demat account by March 04, 2024.

When is Purv Flexipack Ltd IPO listing date?

Answer Field

The Purv Flexipack Ltd listing date is March 05, 2024.

Who is the registrar of Purv Flexipack Ltd IPO?

Answer Field

The registrar of Purv Flexipack Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Holani Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Purv Flexipack Ltd IPO?

Answer Field

The fresh issue size is ₹40.21 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Purv Flexipack Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,13,600 amount.

How can I approve the UPI mandate request for Purv Flexipack Ltd IPO?

Answer Field

To apply for Purv Flexipack Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Purv Flexipack Ltd?

Answer Field

The price of each Purv Flexipack Ltd share will be ranging in between ₹71 to ₹71 per share.

What is the cut-off time for the UPI mandate for Purv Flexipack Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, February 29, 2024.

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