Purv Flexipack Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Purv Flexipack Ltd IPO

Purv Flexipack Limited primarily engages in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. In addition, the company is a Del Credere Associate (DCA) and Dealer operated polymer warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. The Company has a strong presence and dominance in the West Bengal territory.

Purv Flexipack Ltd IPO Details

Total Shares Offered

₹ 56,64,000

Offer to Public

TBA

Retail Max (Shares)

₹ 19,00,800

Pre Issue Promoters Holding

₹ 1,34,88,550

Exchange

NSE

Issue size

₹ 40.21 Cr

IPO Open Date

Feb 27, 2024

Close Date

Feb 29, 2024

Lot Size

1600

Min Investment

₹ 1,12,000

Issue Type

Book Building - SME

Listing Date

Mar 5, 2024

Purv Flexipack Ltd IPO Dates

Feb 27, 2024

Opening date

Feb 29, 2024

Closing date

Mar 1, 2024

Basis of Allotment

Mar 4, 2024

Initiation of Refunds

Mar 4, 2024

Credit of Shares

Mar 5, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2569600
NII	0x	844800
Retail	0x	1900800
Employee	0x	0
Total	0x	5664000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2569600

844800

1900800

5664000

Purv Flexipack Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	398.00	254.18	333.17
EBITDA	4.71	5.13	7.40
PAT	2.97	3.83	5.52
Total Assets	163.98	146.35	109.70
Share Capital	20.98	20.98	14.12
Total Borrowings	138.93	96.80	79.41
Operating Activities (Net Cash)	3.28	4.09	5.76
Investing Activities (Net Cash)	19.32	17.95	13.44
Financing Activities (Net Cash)	138.93	96.80	79.41
Net Cashflow	1.37	11.32	0.15

About Purv Flexipack Ltd

Purv Flexipack Limited was incorporated as a private limited company under the provisions of Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2005, issued by the RoC, West Bengal. Subsequently, the Company was converted into a public limited company under the provisions of Companies Act, 2013, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on February 02, 2023. Consequently, the name of the Company was changed to Purv Flexipack Limited and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the RoC, West Bengal on August 03, 2023 and Corporate Identification Number is U25202WB2005PLC103086. The registered office of the company is situated at Annapurna Apartment, Suit 1C, 1st Floor, 23 Sarat Bose Road, Kolkata- 700020 West Bengal, India.

Indian plastic industry market is one of the leading sectors in the country's economy. The history of the plastic industry in India dates to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,000 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90% belong to small medium enterprises. India manufactures various products such as plastics and linoleum, houseware products, fishnets, medical items, packaging items, plastic films, pipes, raw material, etc.

Peer Comparison:

Sah Polymers Ltd

Purv Flexipack Ltd Key Points

Strengths

Strong, experienced, and dedicated senior management and qualified workforce.

All Solution under One Roof.

Customization of different size of roll.

Service-Centric Culture.

Stocked up.

Risk

Inadequate or interrupted supply and price fluctuation of packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

The company is highly dependent upon a limited number of suppliers. 76.32%, 80.74% and 74.79% of its Total Purchases are derived from its top 5 suppliers for the Fiscal Years ended on March 31, 2023, 2022 and 2021.

The company has entered into Del Credere Associate (DCA) Agreement and Del Credere Associate Operated Polymers Warehouse (DOPW) Agreement with Indian Oil Corporation Ltd. (IOCL). Termination or non-renewal of the Agreement or any material modification to the existing terms under such agreement adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.

Strategy

Continue to provide one stop solution.

Diversification.

Leveraging existing Customer Base.

Improving the financial efficiency resulting in better cost management.

Procurement from other suppliers besides dealerships for better margins.

How To Apply for Purv Flexipack Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Purv Flexipack Ltd IPO?

Purv Flexipack Ltd's IPO offers shares for up to 40.21 It begins on Feb 27, 2024 and ends on Feb 29, 2024.

What is the price of the Purv Flexipack Ltd IPO?

The price of Purv Flexipack Ltd IPO ranges between ₹70 to ₹71 per share.

What are the open and close dates for the Purv Flexipack Ltd IPO?

The Purv Flexipack Ltd IPO opens on Feb 27, 2024 and closes on Feb 29, 2024.

When will the Purv Flexipack Ltd IPO be allotted?

The allotment for the Purv Flexipack Ltd IPO will be finalised on Mar 1, 2024. The shares will be listed on BSE and NSE on Mar 5, 2024.

What is the minimum lot size required for Purv Flexipack Ltd IPO?

The minimum lot size for Purv Flexipack Ltd IPO is 1600 shares, priced between ₹70 to ₹71 per share.

What is the GMP of Purv Flexipack Ltd IPO?

The GMP (Grey Market Premium) of Purv Flexipack Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Purv Flexipack Ltd IPO?

To check the allotment status of Purv Flexipack Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Purv Flexipack Ltd IPO getting listed?

The Purv Flexipack Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 27, 2024, and closes on Feb 29, 2024. The allotment is finalised on Mar 1, 2024.

How do you apply for the Purv Flexipack Ltd IPO?

To apply for the Purv Flexipack Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.