Purv Flexipack IPO Open and Close Date, Lot Size, Reservation, Apply or not?

The subscription to Purv Flexipack IPO starts on 27th Feb 2024 and ends on 29th Feb 2024. This IPO is a book-built issue of Rs 40.21 Cr. The issue is entirely a new issue of 56.64 lakh shares.

Purv Flexipack IPO

The allotment for the Purv Flexipack IPO is expected to be finalized on 1st March 2024 which means Friday. Purv Flexipack IPO will be listed on SME NSE with a tentative listing date fixed as Tuesday 5th March 2024.

The price band of this firm is set at Rs 70 to Rs 71 each share. The minimal lot size for an application is 1600 shares.

The minimum amount of investment needed by retail investors is Rs 113,600. The minimum lot size investment for HNI is 2 lots (3200 shares) amounting to Rs 227,200.

Presently Holani Consultants Private Limited is the book-running lead manager of this IPO, whereas Link Intime India Private Limited is the registrar for the issue.

Purv Flexipack IPO

Purv Flexipack IPO Timeline 

IPO Opening Date 27th Feb 2024, Tuesday
Closing Date of IPO 29th Feb 2024, Thursday
Basis of Allotment 1st March 2024, Friday
Initiation of Refunds 4th March 2024, Monday
Credit Shares to Demat 4th March 2024, Monday
Listing Date 5th March 2024, Tuesday
Cut-off time for UPI mandate confirmation 5 pm on 29th Feb 2024

Purv Flexipack IPO Details

Face Value Rs 10 per share
Price Band Rs 70 to Rs 71 per share
Lot Size 1600 shares
Total Issue Size 5,664,000 shares (aggregating up to Rs 40.21 Cr) 
Fresh Issue 5,664,000 shares (aggregating up to Rs 40.21 Cr)
Type of Issue Book Built Issue IPO
Listing At NSE SME
Shareholding Pre Issue 15,318,950
Shareholding Post Issue 20,982,950
Market Maker Portion 348,800 shares

Purv Flexipack IPO Lot Size  

Application Lots Shares Amount
Retail Minimum 1 1600 Rs 113,600
Retail Maximum 1 1600 Rs 113,600
HNI Minimum 2 3200 Rs 227,200

Purv Flexipack IPO Reservation

Category of Investors Shares provided
QIB Shares facilitated Not more than 50% of the net issue
Retail Shares Offered Not less than 35% of net issue
NII (HNI) Shares Provided Not less than 15% of the new issue

Purv Flexipack IPO Promoters

The promoters of this organization are Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited.

Shareholding Pre Issue 92.17%
Shareholding Post Issue (-)

Purv Flexipack IPO Objectives

Replacement of existing borrowings availed through the firm from scheduled commercial banks. Funding working capital needs and general corporate purposes.

Purv Flexipack IPO Highlights

  • The management of this organization is experienced, strong, and committed.
  • Employees of this IPO are highly qualified and talented.
  • All types of solutions are under one roof.
  • Adaptation to various role sizes.
  • Culture based on service oriented.
  • Scaled upwards.

Purv Flexipack IPO Key Performance Indicators

KPI Values
ROE 11.46%
ROSE 18.50%
Debt/ Equity 1.62
RoNW 10.84%
P/ BV 1.32

Purv Flexipack IPO Review

Purv Flexipack specializes in disturbing a range of plastic-based goods including Biaxially film, Polyester films, Cast polypropylene films, Ethyl Acetate and Titanium Dioxide.

In addition, the company serves in the form of Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPE) for Indian Oil Corporation in their polymer division.

Purv Flexipack serves in the form of dealers of different companies which includes SRF, Poddar Pigments and Brilliant Polymers for distributing plastic-based goods.

The major review regarding this firm is that the company is growing day by day because management is always focusing on quality regarding their goods and services.

This leads to increasing their revenue at a higher level. The organization supplies plastic-based products in Assam, Odisha, West Bengal, and Bihar.

As of 31st December 2024, Purv Flexipack had a total of 28 employees across different departments like compliance, accounts and finance, marketing and logistics, maintenance, permanent labor and other divisions.

Apply or not for Purv Flexipack IPO

As per various sources, my opinion to customers is that they definitely apply for this IPO because presently status and financial performance of this organisation are very good in the market.

Those who apply for this IPO, their investments are secured for a long time. Due to having a global presence, companies are able to increase their sales of products at a higher range.

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