Purv Flexipack Limited IPO (Purv Flexipack IPO)

Purv Flexipack Limited IPO
Upcoming Purv Flexipack IPO | New Purv Flexipack IPO

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

Purv Flexipack IPO – Details

IPO Opening Date27 February 2024
IPO Closing Date29 February 2024
Issue TypeBook Built Issue IPO
Issue Size56,64,000 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Purv Flexipack IPO – Date Schedule

IPO Open Date27 February 2024
IPO Close Date29 February 2024
Basis of Allotment01 March 2024
Initiation of Refund04 March 2024
Credit of Shares to Demat Account04 March 2024
IPO Listing Date05 March 2024
Cut-off time for UPI mandate confirmation5 PM on Feb 29, 2024

Purv Flexipack IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,13,600
Retail (Maximum)11600₹1,13,600
HNI (Minimum)23200₹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.
Purv Flexipack IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021137.80129.635.6770.77
31 March 2022229.43219.896.2683.40
31 March 2023341.07326.228.26123.50
31 December 2023139.35132.104.30150.13
Amount in ₹ Crore

Key Performance Indicator

EPS (Rs)5.394.1
P/E (x)13.1717.32

Purv Flexipack IPO Promoter Holding

Pre Issue Share Holding92.17%
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,

Phone: +91 33 4070 3238
Email: cs@purvflexipack.in

Purv Flexipack IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: braceport.ipo@linkintime.co.in

Purv Flexipack IPO Lead Manager(s)

1. Holani Consultants Private Limited

Purv Flexipack IPO FAQs

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.
Share Market IPO App
Previous articleSadhav Shipping Limited IPO (Sadhav Shipping IPO)
Next articlePlatinum Industries Limited IPO (Platinum Industries IPO)