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 name | Srivasavi Adhesive Tapes Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | http://www.vasavitapes.com/ |
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 date | 23 February 2023 |
| IPO Closing | 28 February 2023 |
| Basis of Allotment | 03 March 2023 |
| Initiation Refund | 06 March 2023 |
| Credit to Demat Account | 08 March 2023 |
| Listing Date | 09 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15.50 Cr – 3,780,000 shares |
| Fresh Issue | ₹15.50 Cr – 3,780,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹41 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 46.01 | 55.26 | 63.43 | 30.57 |
| Expenses | 44.58 | 53.12 | 59.08 | 28.50 |
| Net income | 1.01 | 1.87 | 3.62 | 1.81 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.97 | 1.80 | 3.48 |
| PE ratio | – | – | 11.78 |
| RONW (%) | 20.47 | 27.49 | 34.70 |
| NAV | – | – | 10.04 |
| ROCE (%) | 50.69 | 43.72 | 52.29 |
| EBITDA (%) | 6.18 | 6.13 | 9.37 |
| Debt/Equity | 1.16 | 0.58 | 0.58 |
Company Promoters
- D N Anilkumara
- Ashwini DA
Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Lead Manager(s)
- Shreni Shares Private Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SRIVASAVI ADHESIVE TAPES LIMITED
17/2, 2nd Floor, Kodigehalli Main Road,
Sahakarnagar, Bangalore – 560 092 Karnataka
Phone: 08023629383
E-mail: investors@vasavitapes.com
Website: www.vasavitapes.com
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
