Purv Flexipack is scheduled to hit the market on February 27, 2024 and close on February 29, 2024. Purv Flexipack plans to raise around ₹40.21 Cr through an IPO with a sale of up to 5,664,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 2005, Purv Flexipack Limited specializes in the distribution of plastic products, encompassing BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company's product portfolio includes an array of offerings such as Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized BOPP, Polyester Films, and Cast Polypropylene (CPP) Films. With a commitment to providing packaging solutions for a diverse clientele, Purv Flexipack Limited operates four well-equipped warehouses designed for effective inventory management. These facilities ensure the safe and secure storage of products while maintaining optimal conditions to preserve the quality and integrity of the stored items. The company has implemented stringent inventory management systems to facilitate accurate inventory tracking and management.
As of December 31, 2023, Purv Flexipack Limited boasts a team of 28 employees across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality Assurance, Top-Level Management, and Permanent Labour. Each department plays a vital role in the company's operations and contributes to its overall success. With a focus on efficiency and quality, the company continues to uphold high standards in its services and operations to meet the needs of its customers effectively.
Purv Flexipack IPO Details
Purv Flexipack IPO opens on Feb 27, 2024, and closes on Feb 29, 2024. The Listing date for Purv Flexipack IPO is on Mar 5, 2024. The price band for IPO is ₹70 to ₹71 per share and lot size of 1600 Shares.
| IPO Date | Feb 27, 2024 to Feb 29, 2024 |
| Listing Date | Mar 5, 2024 |
| Price | ₹70 to ₹71 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹40.21 Cr |
| Face Value | ₹10 per share |
Purv Flexipack IPO Tentative Timetable
Purv Flexipack opening date is February 27, 2024 and close date is February 29, 2024. The IPO allotment date is March 1, 2024. The refund initiation of IPO is on March 04, 2024. The credit of shares in demat account is on March 04, 2024. The listing date is on March 05, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 27, 2024 |
| IPO Closing | Feb 29, 2024 |
| IPO Allotment Date | Mar 01, 2024 |
| Refund Initiation | Mar 04, 2024 |
| Shares Credit to Demat | Mar 04, 2024 |
| Lisiting Date | Mar 05, 2024 |
Purv Flexipack IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹113,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹113,600 |
| Retail(Maximum) | 1 | 1600 | ₹113,600 |
| HNI (Minimum) | 2 | 3200 | ₹227,200 |
Purv Flexipack IPO Promoter Holding
| Pre Issue Share Holding | 92.17% |
| Post Issue Share Holding | % |
Purv Flexipack IPO Review
Purv Flexipack Ltd. (PFL) is gearing up for its debut book building route IPO, offering 5,664,000 equity shares in the price range of Rs. 70 to Rs. 71 per share, with the aim to raise Rs. 40.21 crore. As a leading player in the packaging solutions sector, PFL has demonstrated consistent growth in its top and bottom lines over the reported periods, making it an appealing investment prospect. With a diverse product portfolio catering to both domestic and global markets, coupled with its ownership of Cool Caps Industries Limited, an NSE SME Listed company, PFL presents a compelling opportunity for investors looking to capitalize on the medium to long-term rewards.
The financial performance of PFL reflects its robust standing in the market, with substantial total income and net profit figures in recent fiscal years. The company's post-IPO market capitalization projection of Rs. 148.98 crore, along with its reasonably priced issue based on FY24 annualized earnings, positions PFL as an attractive investment option. The strategic investment in Cool Caps and the company's strong presence in the industry further enhance its appeal to potential investors seeking value and growth potential in the packaging sector. Considering these factors, participating in PFL's IPO could be a strategic move for investors looking to tap into the promising prospects of a well-established player in the packaging industry.
In conclusion, Purv Flexipack Ltd.'s upcoming IPO offers investors an opportunity to partake in a promising venture with a reputable company known for its consistent growth trajectory and market presence. With a solid financial track record, diversified product offerings, and a subsidiary that has shown remarkable market performance, PFL stands out as a compelling investment proposition in the packaging solutions space. Investors eyeing sustainable growth and long-term rewards may find value in considering PFL's IPO as a viable addition to their investment portfolio.
Purv Flexipack IPO Subscription Status (Bidding Details)
Table not foundPurv Flexipack IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Purv Flexipack IPO FAQs
What is Purv Flexipack IPO?
Purv Flexipack is issuing 5,664,000 equity shares with a face value of ₹10 each, totaling up to ₹40.21 Cr. The shares are being offered at a price of ₹70 to ₹71 each, with a minimum order quantity of 1600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Purv Flexipack IPO will open?
Purv Flexipack will open on February 27, 2024 for QIB, NII, and Retail Investors.
When Purv Flexipack IPO will end?
Purv Flexipack will end on February 29, 2024.
What is Purv Flexipack IPO Size?
Purv Flexipack IPO size is ₹40.21 Cr.
What is Purv Flexipack IPO Price Band?
Purv Flexipack price band is ₹70 to ₹71 per share.
What is the Purv Flexipack IPO Allotment Date?
Purv Flexipack allotment date is March 1, 2024.
What is the Purv Flexipack IPO Listing Date?
Purv Flexipack listing date is March 05, 2024. The IPO is to be listed on BSE and NSE.
How to Purv Flexipack IPO through Zerodha?
To apply for the IPO “Purv Flexipack” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Purv Flexipack IPO through Upstox?
To apply for the IPO “Purv Flexipack” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Purv Flexipack IPO Allotment Status?
For Purv Flexipack IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Purv Flexipack IPO GMP?
You can check out here: Purv Flexipack IPO GMP