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 | 1,600 Shares |
| Total Issue Size | 56,64,000 shares (aggregating up to ₹ 40.21 Cr) |
| Fresh Issue | 56,64,000 shares (aggregating up to ₹ 40.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,53,18,950 |
| Share holding post issue | 2,09,82,950 |
| Market Maker portion | 3,48,800 shares |
About 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.
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.
Purv Flexipack Limited IPO Financial Information
Latest Revenue
13,935.79
₹ Crore
Profit After Tax
430.13
₹ Crore
Net Worth
8,152.42
₹ Crore
Total Borrowing
15,013.96
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Purv Flexipack Limited 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 |
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Competitive Strengths
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Purv Flexipack Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| HNI (Min) | 2 | 3,200 | ₹227,200 |