Srivasavi Adhesive Tapes IPO

Srivasavi Adhesive Tapes IPO will open for subscription from 23 February 2023. the company aims for an issue size of ₹15.50 Cr through this IPO.

About Company

Incorporated in 2010, Srivasavi Adhesive Tapes is engaged in manufacturing, coating, converting, and die cuts of industrial Specialty self-adhesive tapes. It caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.

The company serves its customers with a wide range of pressure-sensitive adhesive tapes, BOPP tapes, Eco-Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.

Srivasavi Adhesive Tapes has a presence in 23 states in India and in international markets, its products are supplied to 13 countries including Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE.

Basic details about the company

Full nameSrivasavi Adhesive Tapes Limited
SectorPlastic Products
IndustryPlastic Products
Company Website

The objective of the Issue

  • Funding working capital requirements;
  • General corporate purposes.

Major Competitive strengths

  • Wide range of products.
  • Good distribution network and customer relationship.
  • Experienced management team.
  • Domestic and global presence.

IPO Timetable

IPO Opening date23 February 2023
IPO Closing28 February 2023
Basis of Allotment03 March 2023
Initiation Refund06 March 2023
Credit to Demat Account08 March 2023
Listing Date09 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹15.50 Cr – 3,780,000 shares
Fresh Issue₹15.50 Cr – 3,780,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹41 per share
Lot size3000 Shares
Retail Allocation50% of the Net Issue
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)13000₹123,000
Retail (Max)13000₹123,000
HNI (Min)26,000₹246,000

Reservation Details

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income1.011.873.621.81
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio11.78
RONW (%)20.4727.4934.70
ROCE (%)50.6943.7252.29

Company Promoters

  • D N Anilkumara
  • Ashwini DA 

Promoter Holding

Pre Issue Share Holding99.84%
Post Issue Share Holding73.21%

Lead Manager(s)

  • Shreni Shares Private Limited

IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200

Contact Details

17/2, 2nd Floor, Kodigehalli Main Road,
Sahakarnagar, Bangalore – 560 092 Karnataka
Phone: 08023629383

Allotment Status

Srivasavi Adhesive Tapes IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Srivasavi Adhesive Tapes is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do 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

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