Purv Flexipack Ltd IPO
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Purv Flexipack Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 56.64 L | TBA | ₹ 19.01 L | ₹ 134.89 L | NSE | ₹ 40.21 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Feb, 24 | 29 Feb, 24 | 1600 | ₹ 1,12,000 | Book Building - SME | 05 Mar, 24 |
Purv Flexipack Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2569600 | 0 |
| NII | 691.4x | 844800 | 584096000 |
| Retail | 449.82x | 1900800 | 855027200 |
| Employee | 0x | 0 | 0 |
| Total | 283.32x | 5664000 | 1604745600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Purv Flexipack Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 254.18 | 333.17 | 222.37 |
| EBITDA | 5.13 | 7.86 | 5.14 |
| PAT | 3.83 | 5.83 | 4.05 |
| Total Assets | 146.35 | 109.70 | 87.16 |
| Share Capital | 20.98 | 14.12 | 14.12 |
| Total Borrowings | 96.80 | 79.41 | 59.62 |
| Operating Activities (Net Cash) | 4.09 | 6.07 | 4.31 |
| Investing Activities (Net Cash) | 17.95 | 13.44 | 15.27 |
| Financing Activities (Net Cash) | 96.80 | 79.41 | 59.62 |
| Net Cashflow | 11.32 | 0.15 | 0.46 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Sah Polymers Ltd
Purv Flexipack Ltd IPO 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.
- 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.
How To Apply for Purv Flexipack Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.