Purv Flexipack Ltd

Trading

Offer Period :

27th to 2nd Feb 2024

Founded in 2005, Purv Flexipack Limited specializes in distributing a wide range of plastic products like BOPP and CPP films, Plastic granules, Inks, and more. Offering diverse packaging solutions, the company boasts four modern, well-equipped warehouses for optimal inventory management. Read more... With 28 employees across various departments, they maintain a high standard in product storage and quality.Read less

Purv Flexipack Ltd IPO Details

IPO Date 27th to 2nd Feb 2024 Minimum Investment ₹113600 / 1 Lots
Listing Date 2024-03-05 Maximum Investment ₹113600 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹40.21 Crores
Price ₹71 to ₹71 per share Fresh Issue ₹40.21 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 27th to 2nd Feb 2024
Listing Date 2024-03-05
Face Value ₹10 per share
Price ₹71 to ₹71 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹113600 / 1 Lots
Maximum Investment ₹113600 / 1 Lots
Total Issue Size ₹40.21 Crores
Fresh Issue ₹40.21 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

27th Feb

IPO Starts

29th Feb

IPO Ends

1st Mar

Allotment Date

4th Mar

Initiation of Refund

4th Mar

Credit of Shares to Demat Account

5th Mar

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 88.05 0
Public Group 11.95 100

Purv Flexipack Ltd IPO Reservation

QIB Shares Offered 1052800(18.59%)
NII (HNI) Shares Offered 844800(14.92%)
Retail Shares Offered 1900800(33.56%)
Anchor Investor Shares Offered 1516800(26.78%)
Total Shares Offered 5664000
Total Shares With Anchor Investor 5664000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Purv Flexipack Ltd IPO Registrar

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

Purv Flexipack Ltd IPO Lead Manager

1. Holani Consultants Pvt Ltd

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Purv Flexipack Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Purv Flexipack Ltd

1. Strong, experienced, and dedicated senior management and qualified workforce.

2. All Solution under One Roof.

3. Customization of different size of roll.

4. Service-Centric Culture.

5. Stocked up.

6. Long and Strong relationship with customers and supplier and efficient Supply Chain management.

7. Infrastructure.

8. Strong and consistent financial performance.

Risks Involved

1. Inadequate or interrupted supply and price fluctuation of packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 258.53 181.47 154.18
Total Liabilities 258.53 181.47 154.18
Total Expenses 326.23 219.9 129.64
Total Revenue 
341.08 229.44 137.8
Profit After Tax 8.26 6.27 5.68
EBITDA 27.16 17.46 14.93
Adjusted EBITDA 0 0 0

Purv Flexipack Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-03-05 92294 PURVFLEXI
INE0R6C01012
₹71 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹71 ₹71
Open ₹0 ₹260
Low ₹0 ₹247
High ₹0 ₹273
Low ₹0 ₹247

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. Link 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 Link 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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