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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹40.21 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹40.21 Cr |
| Fresh Issue | ₹37.74 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹70.00-71.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | PURVFLEXI |
| Registrar |
MUFG Intime India Pvt.Ltd. |
| Lead Managers | Holani Consultants Pvt.Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List | |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 2005, Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The product portfolio of the company comprises Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films
The company provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking.
As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of existing borrowings availed by our company from scheduled commercial banks. | 19.87 |
| 2 | Funding the working Capital Requirements | 13.89 |
| 3 | General corporate purposes* | 3.02 |
| Total | 36.78 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 283.16 | 258.53 | 181.47 | 154.18 |
| Total Income | 139.36 | 341.08 | 229.44 | 137.80 |
| Profit After Tax | 4.30 | 8.26 | 6.27 | 5.68 |
| NET Worth | 81.52 | 76.19 | 67.93 | 58.98 |
| Reserves and Surplus | 67.41 | 62.07 | 53.81 | 44.86 |
| Total Borrowing | 150.14 | 123.51 | 83.40 | 70.78 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 11.46% |
| ROCE | 18.50% |
| Debt / Equity | 1.62% |
| RoNW | 10.84% |
| PAT Margin | 2.48% |
| Price to Book Value | 1.32 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.39 | 4.10 |
| P/E (x) | 13.17 | 17.32 |
| Promoter Holding | 92.17% | |
| Market Cap | ₹148.98 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers (including Underwriting commission) | 2.39 |
| 2 | Brokerage, selling commission and upload fees(i)(ii) | 0.07 |
| 3 | Advertising and marketing expenses | 0.26 |
| 4 | Fees payable to the Legal Advisors | 0.02 |
| 5 | Fees payable to the Registrar to the Issue | 0.01 |
| 6 | Fees payable to the to the regulators including Stock Exchanges | 0.35 |
| 7 | Printing and distribution of Issue stationary | 0.00 |
| 8 | Others (Bankers to the Issue, auditor’s fees etc.) | 0.33 |
