Srivasavi Adhesive Tapes Limited is engaged in manufacturing, coating, converting, and Die cuts of industrial Specialty self-adhesive tapes. Srivasavi is an ISO 9001:2015 certified company certified by TUV Nord.
Srivasavi Adhesive Tapes Limited customized die cuts of Films, Foams, and allied products. It caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.
The company serves its customers with a wide range of pressure-sensitive adhesive tapes, BOPP tapes, Eco-Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.
Srivasavi Adhesive widely has two business divisions:
- Domestic Sales
- Exports
The company has a presence in 23 states in the domestic market base. And Internationally they supply products in including Egypt, United State of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and UAE based on sales made for the period ended September 30, 2022.
Srivasavi Adhesive Tapes IPO – Details
| IPO Opening Date | 23 February 2023 |
| IPO Closing Date | 28 February 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 37,80,000 Shares Worth ₹15.50 Crore Fresh Issue: 37,80,000 Shares Worth ₹15.50 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹41 |
| Market Lot | 3000 Shares |
| Min Order1 | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Srivasavi Adhesive Tapes IPO – Date Schedule
| IPO Open Date | 23 February 2023 |
| IPO Close Date | 28 February 2023 |
| Basis of Allotment | 03 March 2023 |
| Initiation of Refunds | 06 March 2023 |
| Credit of Shares to Demat Account | 08 March 2023 |
| IPO Listing Date | 09 March 2023 |
Srivasavi Adhesive Tapes IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,23,000 |
| Maximum | 1 | 3000 | 1,23,000 |
Competitive Strengths
- The Company’s Product portfolio.
- Customer base across geographies and industries.
- Leveraging the experience of the promoters.
- Quality assurance.
Company Promoters
- D N Anilkumara
- Ashwini DA
Object Of The Issue
- Funding working capital requirements.
- General Corporate Purpose.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 46.34 | 44.57 | 1.01 |
| 31 March 2021 | 55.66 | 53.11 | 1.87 |
| 31 March 2022 | 63.92 | 59.08 | 3.62 |
| 30 September 2022 | 30.72 | 28.49 | 1.80 |
Srivasavi Adhesive Tapes IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Srivasavi Adhesive Tapes IPO Prospectus
Company Contact Information
| Srivasavi Adhesive Tapes Limited No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore 561 203 Phone: 08023629383 Email: investors@vasavitapes.com Website: http://www.vasavitapes.com/ |
Srivasavi Adhesive Tapes IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Srivasavi Adhesive Tapes IPO Lead Manager(s)
| 1. SHRENI SHARES PRIVATE LIMITED |
Srivasavi Adhesive Tapes IPO FAQs
| What is Srivasavi Adhesive Tapes IPO? Srivasavi Adhesive Tapes IPO is a SME IPO. The issue is priced at ₹41 per equity share. The IPO is to be listed on NSE SME. |
| When Srivasavi Adhesive Tapes IPO will open? The IPO is to open on 23 February 2023 for NII and Retail Investors. |
| What is Srivasavi Adhesive Tapes IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Srivasavi Adhesive Tapes IPO? You can apply Srivasavi Adhesive Tapes 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 Srivasavi Adhesive Tapes IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Srivasavi Adhesive Tapes”. 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 Srivasavi Adhesive Tapes IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Srivasavi Adhesive Tapes”. 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 Srivasavi Adhesive Tapes IPO Size? Srivasavi Adhesive Tapes IPO size is ₹15.50 crores. |
| What is Srivasavi Adhesive Tapes IPO Price Band? Srivasavi Adhesive Tapes IPO Price Band is ₹41. |
| What is Srivasavi Adhesive Tapes IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,23,000 amount while the maximum bid is 3000 shares with ₹1,23,000. |
| What is the Srivasavi Adhesive Tapes IPO Allotment Date? Srivasavi Adhesive Tapes IPO allotment date is 03 March 2023. |
| What is the Srivasavi Adhesive Tapes IPO Listing Date? Srivasavi Adhesive Tapes IPO listing date is 09 March 2023. The IPO is to list on NSE SME. |
