IPO

Purv Flexipack Ltd. IPO

Purv Flexipack Ltd., established in 2005, operates in the Plastics - Plastic & Plastic Products sector. The company's IPO opened on February 27, 2024 and closed on February 29, 2024, with an issue ... Read more

Min Investment
₹ 1,13,600 / 1600 shares
Price Range
₹70 - ₹ 71
Bidding Dates
27 Feb '24 - 29 Feb '24
Total Issue Value
40.21 Cr
Lot Size
1,600
Total Issue Size
40.21 Cr
Listing At
NSE SME
Subscription
286.01 times
NSE Price
170.40 (140%)

IPO Timeline

  • 27 Feb 2024
    Bidding Starts
  • 29 Feb 2024
    Bidding Ends
  • 1 Mar 2024
    Allotment Finalization
  • 5 Mar 2024
    Listing

About Purv Flexipack Ltd.

Our company primarily engages in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. In addition, our ... Read more

Parent organisation
Founded
Purv Flexipack Ltd.
2005

Purv Flexipack Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 15,94,560 (28.15%)
Market Makers 3,48,800 (6.16%)
Non Institutional Investors 7,97,280 (14.08%)
Qualified Institutional Buyers (QIBs) 10,63,040 (18.77%)
Retail Individual Investors (RIIs) 18,60,320 (32.84%)

Purv Flexipack Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 115.34 Cr 4.48 Cr 90.56 Cr
31 Mar 2023 163.91 Cr 5.52 Cr 48.04 Cr
31 Mar 2022 177.13 Cr 4.05 Cr 42.51 Cr

Purv Flexipack Ltd. Background

Our Company was originally incorporated as a Private Limited in the name of “Purv Flexipack Private Limited” (PFPL) under the Provision of Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2005, issued by the Registrar of Companies, West Bengal bearing the ...

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Major Events And Milestones
  • 2005
    Incorporated as Purv Flexipack Private Limited to trade into petroleum products across flexible packaging film, inks, adhesives, pigments, etc.
    Started distribution of Polyester, BOPP & Metalized Films for SRF Ltd. Collaborated with Poddar Pigments Ltd. for distribution of master batches.
  • 2008
    Expanded and opened branch in Guwahati. Added inks in the portfolio from Uflex Ltd.
  • 2013
    Added Titanium Dioxide in the portfolio from Tronox Ltd.
  • 2017
    Became the Del Crede Associate (DCA) cum Consignment Stockist (CS) of Indian Oil Corporation Ltd. for PP & PE Granules for Kolkata region.
  • 2018
    Added Solvent less adhesive from Brilliant Polymers Pvt. Ltd.
  • 2019
    Extended the DCA & CS business with IOCL to Siliguri & Bihar region.
  • 2023
    Started Non-IOCL grade Polymer import
Purv Flexipack Ltd. Object of Issues

1. Repayment of existing borrowings availed by our company from scheduled commercial banks
2. Funding the working capital requirement of our Company
3. General corporate purposes

Purv Flexipack Ltd. IPO Listing Details
Listing Date
5 Mar 2024
NSE Symbol
PURV
ISIN
INE0R6C01012
Final Issue Price
₹ 71
Purv Flexipack Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 71.00
Open - ₹ 260.00
Low - ₹ 247.00
High - ₹ 273.00
Last Trade - ₹ 247.00
Purv Flexipack Ltd. Company Promoters

1. Mr. Rajeev Goenka
2. Mrs. Poonam Goenka
3. M/s Purv Logistics Private Limited

Industry Overview

Indian plastic industry market is one of the leading sectors in the country’s economy. The history of the plastic industry in India dates to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across ... Read more

Purv Flexipack Ltd. Contact Details
Address: Annapurna Apartment, Suit 1C, 1st Floor, 23, Sarat Bose Road, Kolkata West Bengal - 700020
Phone no:40703238
40703238
|
Purv Flexipack Ltd. IPO Registrar
Link Intime India Pvt. Ltd.
C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai Maharashtra - 400083
49186000
Purv Flexipack Ltd. IPO Lead Manager(s)
Holani Consultants Private Limited
No. 401-405 & 416-418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur Rajasthan - 302016
2203996

FAQs

When does Purv Flexipack Ltd. IPO opens and closes?

Purv Flexipack Ltd. IPO opens from 27th February to 29th February 2024.

What is the size of Purv Flexipack Ltd. IPO?

The size of the Purv Flexipack Ltd. IPO is ₹40.21 Cr.

What is the price range of Purv Flexipack Ltd. IPO?

The price range of Purv Flexipack Ltd. IPO is at ₹70 to ₹71 per share.

What is the minimum investment and lot size required for the Purv Flexipack Ltd. IPO?

The minimum investment required is ₹1,13,600 and minimum lot size is 1600 shares.

When is Purv Flexipack Ltd. IPO listing date?

The Purv Flexipack Ltd. IPO will be listed on 5th March 2024.

What is the objective of Purv Flexipack Ltd. IPO?

1. Repayment of existing borrowings availed by our company from scheduled commercial banks
2. Funding the working capital requirement of our Company
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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