Purv Flexipack IPO will open for subscription from 27 February 2024. The company aims for an issue size of ₹40.21 Cr through this IPO.
Company Overview
| Full name | Purv Flexipack Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.purvflexipack.in/ |
About Company
Purv Flexipack specializes in distributing a range of plastic-based products, including Biaxially Oriented Polypropylene (BOPP) film, polyester films, Cast Polypropylene (CPP) films, plastic granules, inks, adhesives, masterbatches, Ethyl Acetate, and Titanium Dioxide. Additionally, the company serves as a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) for Indian Oil Corporation in their polymer division. Purv Flexipack serves as a dealer of various companies including SRF, Poddar Pigments, and Brilliant Polymers for distributing plastic-based products.
The company supplies plastic products in West Bengal, Assam, Odisha, and Bihar. As of 31 December 2023, Purv Flexipack had a total of 28 employees across Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Permanent Labour, and more divisions.
The Objectives of the Issue
- Repayment of certain existing fund-based borrowings in full or in part availed by the company from scheduled commercial banks.
- Funding working capital requirements of our Company; and
- General corporate purposes.
Purv Flexipack IPO Timetable
| IPO Opening date | 27 February 2024 |
| IPO Closing | 29 February 2024 |
| Basis of Allotment | 01 March 2024 |
| Initiation Refund | 04 March 2024 |
| Credit to Demat Account | 04 March 2024 |
| Listing Date | 05 March 2024 |
Purv Flexipack IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹40.21 Cr – 5,664,000 shares |
| Fresh Issue | ₹40.21 Cr – 5,664,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹70 to ₹71 per share |
| Lot size | 1600 Sahers |
| Market Maker portion | 348,800 shares |
| Shareholding pre-issue | 15,318,950 |
| Shareholding post-issue | 20,982,950 |
| Listing Exchange | NSE SME |
Purv Flexipack IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |
Purv Flexipack IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Purv Flexipack Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 133.04 | 222.37 | 333.17 | 134.39 |
| Expenses | 129.64 | 219.90 | 326.23 | 132.11 |
| Net income | 5.68 | 6.27 | 8.26 | 4.30 |
Purv Flexipack Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.02 | 4.44 | 5.85 |
| PE ratio | – | – | – |
| RONW (%) | 9.2 | 9.23 | 10.84 |
| NAV | 41.78 | 48.11 | 53.97 |
| ROCE (%) | 15.61 | 14.49 | 18.50 |
| EBITDA (%) | 7.41 | 4.40 | 5.68 |
| Debt/Equity | 1.20 | 1.23 | 1.62 |
Company Promoters
- Mr. Rajeev Goenka
- Mrs. Poonam Goenka
- M/s Purv Logistics Private Limited.
Promoter Holding
| Pre Issue Share Holding | 92.17% |
| Post Issue Share Holding |
Purv Flexipack IPO Lead Manager(s)
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email: ipo@holaniconsultants.co.in
Website: www.holaniconsultants.co.in
Purv Flexipack Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 49186200
Email: purvflexipack.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
PURV FLEXIPACK LIMITED
Annapurna Apartment, Suit 1C, 1st Floor,
23 Sarat Bose Road, Kolkata- 700020 West Bengal
Phone: +91 33 4070 3238
E-mail: info@purv.in
Website: www.purvflexipack.in
Purv Flexipack IPO Allotment Status
Purv Flexipack IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Purv Flexipack IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
