Current Infraprojects IPO...
20 Aug, 2025
Purv Flexipack Limited IPO
Purv Flexipack Ltd. is a one-stop solution for all flexible packaging needs, thus bringing significant value to our customers by providing high-quality products & services at competitive prices. The company has been involved in the trading and stockpiling of various flexible packaging materials and related products. This includes materials like BOPP (Biaxially Oriented Polypropylene), Polyester, LDPE (Low-Density Polyethylene), as well as adhesive, ink, ethyl, master batches, and granules. Purv Flexipack IPO is a book-built issue of Rs 40.21 crores.
The issue is entirely a fresh issue of 56.64 lakh shares. Purv Flexipack IPO price band is set at ₹70 to ₹71 per share. The minimum lot size for an application is 1600 Shares. Holani Consultants Private Limited is the book running lead manager of the Purv Flexipack IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for the Purv Flexipack IPO is Holani Consultants.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Purv Flexipack Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Purv Flexipack Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 27, 2024 to February 29, 2024 |
| Listing Date | March 5, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹71 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,664,000 shares (aggregating up to ₹40.21 Cr) |
| Fresh Issue | 5,664,000 shares (aggregating up to ₹40.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,318,950 |
| Share holding post issue | 20,982,950 |
| Market Maker portion | 348,800 shares |
Purv Flexipack Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, February 27, 2024 |
| IPO Close Date | Thursday, February 29, 2024 |
| Basis of Allotment | Friday, March 1, 2024 |
| Initiation of Refunds | Monday, March 4, 2024 |
| Credit of Shares to Demat | Monday, March 4, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 29, 2024 |
Purv Flexipack Limited 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 92.17% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Purv Flexipack Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 28,315.64 | 13,935.79 | 430.13 | 8,152.42 | 15,013.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 25,852.83 | 34,107.83 | 826.13 | 7,619.22 | 12,350.98 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 18,146.73 | 22,943.81 | 626.73 | 6,793.09 | 8,340.10 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 15,417.62 | 13,780.26 | 567.50 | 5,898.36 | 7,077.77 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.46% |
| ROCE | 18.50% |
| Debt/Equity | 1.62 |
| RoNW | 10.84% |
| P/BV | 1.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.39 | 4.1 |
| P/E (x) | 13.17 | 17.32 |
Objectives of Purv Flexipack IPO
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objectives:
- ● Repayment of existing borrowings availed by the company from scheduled commercial banks.
- ● Funding working capital requirements; and
- ● General corporate purposes.
Purv Flexipack IPO Review
The company is a flagship company of Purv group that has one listed company i.e. Cool Caps and PFL hold around 62% equity in this subsidiary. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may lap it up for the medium to long term rewards.
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Frequently asked Questions (FAQs )
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What Is The Size Of The Purv Flexipack IPO?
Purv Flexipack IPO consists of a fresh issue of 56,64,000 shares. The company seeks funds for repaying bank loans, funding working capital, and general corporate purposes.
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What Is The Listing Date Of The Purv Flexipack IPO?
The listing date of the Purv Flexipack IPO is March 5, 2024.
-
When will Purv Flexipack Limited’s IPO be allotted?
The Basis of Allotment will be done on March 01, 2024.
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When will Purv Flexipack Limited’s IPO open for subscription?
The IPO subscription window will be open from February 27, 2024, to February 29, 2024.
