Purv Flexipack (NSE SME)
Feb 27, 2024 - Feb 29, 2024
| Price | ₹70 - ₹71 |
| Premium | ₹130 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 2, 2024 |
| Listing | Mar 5, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 113600 | 1188 |
| HNI | 2 | 3200 | 227200 | 528 |
Last updated on 29-Feb-2024 17:59:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1052800 | 165622400 | 157.32 |
| NIB | 844800 | 583867200 | 691.13 |
| RETAIL | 1900800 | 852864000 | 448.69 |
| Total | 3798400 | 1602353600 | 421.85 |
| Retail Apps | 533040 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹65.88 | @8% ₹75.29 | @9% ₹84.7 | @10% ₹94.11 | @11% ₹103.52 | @12% ₹112.93 |
Purv Flexipack IPO Anchor
| Name of Anchor Investor | No. of Equity Shares Allocated | % of Anchor Investor Portion | Total Amount (CR) |
|---|---|---|---|
| MERU INVESTMENT FUND PCC-CELL 1 | 844800 | 55.70% | 5.99 |
| VPK GLOBAL VENTURES FUND-SCHEME 1 | 144000 | 9.49% | 1.22 |
| AG DYNAMIC FUNDS LIMITED | 528000 | 34.87% | 3.74 |
| Total | 1516800 | 100.00% | 10.76 |
Purv Flexipack Limited, established in 2005, is recognized as a leading distributor of plastic products in the industry. Offering a diverse range of items including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide, Purv Flexipack Limited serves as a reliable supplier to various sectors.Their extensive product portfolio comprises Plastic Granules, BOPP Films (HS, Matt, Glossy/Plain/Printing Grade, Tape, Textile, Pearlized), Polyester Films, and Cast Polypropylene (CPP) Films, meeting the packaging needs of their diverse clientele.With a commitment to quality and innovation, Purv Flexipack Limited operates modern warehouses equipped with state-of-the-art facilities. Their stringent inventory management systems ensure precise tracking and preservation of product integrity, contributing to their reputation as a trusted partner in the industry. As of December 31, 2023, Purv Flexipack Limited employs a dedicated team of 28 professionals across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-level Management, and Permanent Labor, further solidifying their position as a reliable player in the market.
Purv Flexipack IPO Details
| Issue Size | 5,664,000 shares (aggregating up to ₹[40.21] Cr) |
| Fresh Issue | 5,664,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,318,950 |
| Share holding post issue | 20,982,950 |
| Market Maker portion | 348,800 shares Holani Consultants |
Purv Flexipack IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Purv Flexipack IPO Lead Manager(s)
- Holani Consultants Private Limited
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
| ROE | 11.46% | 9.88% | 10.30% |
| ROCE | 18.50% | 14.49% | 15.61% |
| RONW | 10.84% | 9.23% | 9.62% |
| D/E | 1.62 | 1.23 | 1.20 |
| EPS | 5.85 | 4.44 | 4.02 |
| P/E | 13.17 | | |
| P/BV | 1.32 | | |
Company Financials
Purv Flexipack Limited Financial Information (Restated)
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 | 30 Sep 2023 | Mar 2023 | Mar 2022 | 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 | 430.13 | 826.13 | 626.73 | 567.50 |
| Net Worth | 8,152.42 | 7,619.22 | 6,793.09 | 5,898.36 |
| Reserves | 6,740.54 | 6,207.34 | 5,381.21 | 4,486.48 |
| Borrowing | 15,013.96 | 12,350.98 | 8,340.10 | 7,077.77 |
| Amount in ₹ Lakhs |
This Company is A Promoter Of Already Listed Cool Caps Limited
Strength Factors
Strong Leadership: Purv Flexipack Limited boasts a senior management team with extensive experience and dedication, providing strong leadership to drive the company forward.
Comprehensive Solutions: Offering all solutions under one roof, Purv Flexipack Limited provides customers with convenience and efficiency, catering to their diverse packaging needs.
Customization Capability: The ability to customize different sizes of rolls allows Purv Flexipack Limited to meet the unique requirements of each customer, enhancing their competitiveness in the market.
Industry Knowledge and Expertise: With a deep understanding of the industry and a skilled workforce, Purv Flexipack Limited delivers high-quality products and services, backed by years of expertise and know-how.
Efficient Supply Chain Management: Purv Flexipack Limited maintains long and strong relationships with both customers and suppliers, supported by an efficient supply chain management system, ensuring timely delivery and customer satisfaction.
Risk Factors
Environmental Regulations: Risks associated with potential bans on plastic products in India due to pollution control efforts require stringent compliance measures.
Legal Proceedings: Pending litigations against the company, its promoters, directors, and group companies introduce legal uncertainties and liabilities.
Inventory Management: Ineffective inventory management can disrupt operations, impacting net sales, profitability, and cash flow.
Loan Recalls: Risks arise from the possibility of loan recalls on demand, affecting liquidity and business operations.
Debt Financing: Charges held by lenders over company properties pose risks in case of default, impacting business operations and financial stability.
Purv Flexipack IPO Lead Manager(s)
- Holani Consultants Private Limited
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: braceport.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html