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SME IPO Status: Listed [27th Feb 2024 to 29th Feb 2024]
Purv Flexipack IPO, a SME IPO of ₹40.21 Cr was launced on 27-02-2024 to 29-02-2024 and the shares got listed on NSE SME on 05-03-2024.
The public issue of Purv Flexipack IPO (PURVFLEXI) was offered at ₹71.00 per share and the ipo was listed at ₹260. It has delivered listing gain of 266.20%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 302400 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Feb 2024 |
| SME IPO Issue Closing Date: | 29th Feb 2024 |
| SME IPO Issue Price: | ₹70.00-71.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹40.21 Cr |
| Fresh Issue: | ₹40.21 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.17% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | PURVFLEXI |
Get important updates regarding Purv Flexipack SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Mar 2024 |
| Refunds Initiation* | 4th Mar 2024 |
| Credit of Shares to Demat* | 4th Mar 2024 |
| SME IPO Listing Date* | 5th Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹70.00-71.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹113600 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 05-03-2024 | 71.00 | 130 | 158100 | ₹201 (183.1%) | 5-Mar-2024 8:58 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Purv Flexipack Limited was founded in May 2005. The company primarily distributes various plastic-based products such as biaxially oriented polypropylene (BOPP) film, polyester film, cast polypropylene (CPP) film, plastic pellets, inks, adhesives, masterbatches, ethyl acetate and titanium dioxide. In addition, the company is a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for its polymer division. The company has a strong presence and dominance in the Theyst Bengal region.
Apart from distribution of plastic products, the company has one (1) subsidiary namely Cool Caps Industries Limited, an SME company listed on NSE and three (3) wholly owned subsidiaries namely Purv Technoplast Private Limited, Purv Packaging Private Limited and Purv Ecoplast Private Limited.
The company offers various packaging solutions to a diversified customer base. The company has its own warehouse for storage and inventory management. The warehouse is equipped with modern facilities and equipment to ensure safe storage of products. It is maintained in optimal conditions to maintain the quality and integrity of the products and strict inventory management systems have been put in place to ensure accurate tracking of stock levels.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Packaging | ₹40.21 Cr | https://www.purvflexipack.in/ |
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,052,800 (27.72%) | 844,800 (22.24%) | 1,900,800 (50.04%) | 3,798,400 | |
| 1 | 27th Feb 2024 19:32 | 0.24x | 46.50x | 97.65x | 59.27x |
| 2 | 28th Feb 2024 19:32 | 6.04x | 116.43x | 234.08x | 144.71x |
| 3 | 29th Feb 2024 18:23 | 157.32x | 690.72x | 448.73x | 421.78x |
Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 28,315.64 | 25,852.83 | 18,146.73 | 15,417.62 |
| Revenue | 13,935.79 | 34,107.83 | 22,943.81 | 13,780.26 |
| Profit After Tax | 430.13 | 826.13 | 626.73 | 567.50 |
| Net Worth | 8,152.42 | 7,619.22 | 6,793.09 | 5,898.36 |
| Reserves and Surplus | 6,740.54 | 6,207.34 | 5,381.21 | 4,486.48 |
| Total Borrowing | 15,013.96 | 12,350.98 | 8,340.10 | 7,077.77 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Purv Flexipack Limited | 5.85 | 5.85 | 53.97 | 13.17 | 10.84 | |
| Sah Polymers Limited | 2.1 | 2.1 | 33.95 | 54.95 | 4.29 |
Last Updated on 09-Mar-2024 06:02:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Purv Flexipack SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Purv Flexipack SME IPO with Zerodha.
Alternate approch to apply in Purv Flexipack SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Purv Flexipack SME IPO Review and Important Updates
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To subscribe or apply in Purv Flexipack SME IPO, you can use the following methods:
| Purv Flexipack SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Purv Flexipack SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Purv Flexipack SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Purv Flexipack SME IPO. Most of the Syndicate Banks provide access to apply in Purv Flexipack IPO via ASBA process. You must have your net banking access, DP ID information to apply in Purv Flexipack SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Purv Flexipack SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Purv Flexipack SME IPO Review and Important Updates
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Purv Flexipack SME IPO is going to be list on 05-03-2024. NSE Code for Purv Flexipack is PURVFLEXI.
Other relevant questions:
When Purv Flexipack SME IPO will be listing? Purv Flexipack SME IPO NSE listing date?Purv Flexipack SME IPO date of listing
Purv Flexipack SME IPO Allotment Date is 01-03-2024.
Other relevant questions:
Purv Flexipack SME IPO share allotment date?Purv Flexipack SME IPO allotment date?
