Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The product portfolio of the company comprises Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films
The company provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking.
As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Purv Flexipack IPO – Details
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 56,64,000 Shares Worth ₹40.21 Crore Fresh Issue: 56,64,000 Shares Worth ₹40.21 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 – ₹71 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Purv Flexipack IPO – Date Schedule
| IPO Open Date | 27 February 2024 |
| IPO Close Date | 29 February 2024 |
| Basis of Allotment | 01 March 2024 |
| Initiation of Refund | 04 March 2024 |
| Credit of Shares to Demat Account | 04 March 2024 |
| IPO Listing Date | 05 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 29, 2024 |
Purv Flexipack IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,13,600 |
| Retail (Maximum) | 1 | 1600 | ₹1,13,600 |
| HNI (Minimum) | 2 | 3200 | ₹2,27,200 |
Competitive 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.
- Long and Strong relationship with customers and supplier and efficient Supply Chain management.
- Infrastructure.
- Strong and consistent financial performance.
Company Promoters
- Mr. Rajeev Goenka
- Mrs. Poonam Goenka
- M/s Purv Logistics Private Limited
Object Of The Issue
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding working capital requirements; and
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 137.80 | 129.63 | 5.67 | 70.77 |
| 31 March 2022 | 229.43 | 219.89 | 6.26 | 83.40 |
| 31 March 2023 | 341.07 | 326.22 | 8.26 | 123.50 |
| 31 December 2023 | 139.35 | 132.10 | 4.30 | 150.13 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.46% |
| ROCE | 18.50% |
| Debt/Equity | 1.62 |
| RoNW | 10.84% |
| P/BV | 1.32 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.39 | 4.1 |
| P/E (x) | 13.17 | 17.32 |
Purv Flexipack IPO Promoter Holding
| Pre Issue Share Holding | 92.17% |
| Post Issue Share Holding | – |
Purv Flexipack IPO Prospectus
Company Contact Information
| Purv Flexipack Limited Annapurna Apartment, Suit 1C C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020 Phone: +91 33 4070 3238 Email: cs@purvflexipack.in Website: https://www.purvflexipack.in/ |
Purv Flexipack IPO Registrar
| 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 |
Purv Flexipack IPO Lead Manager(s)
| 1. Holani Consultants Private Limited |
Purv Flexipack IPO FAQs
| What is Purv Flexipack IPO? Purv Flexipack IPO is a SME IPO. The issue is priced at ₹70 – ₹71 per equity share. The IPO is to be listed on NSE SME. |
| When Purv Flexipack IPO will open? The IPO is to open on 27 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Purv Flexipack IPO? You can apply Purv Flexipack IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Purv Flexipack IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Purv Flexipack”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Purv Flexipack IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Purv Flexipack”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Purv Flexipack IPO Size? Purv Flexipack IPO size is ₹40.21 crores. |
| What is Purv Flexipack IPO Price Band? Purv Flexipack IPO Price Band is ₹70 – ₹71. |
| What is Purv Flexipack IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,13,600 amount while the maximum bid is 1600 shares with ₹1,13,600. |
| What is the Purv Flexipack IPO Allotment Date? Purv Flexipack IPO allotment date is 01 March 2024. |
| What is the Purv Flexipack IPO Listing Date? Purv Flexipack IPO listing date is 05 March 2024. The IPO is to list on NSE SME. |
