Purv Flexipack Limited
Book Built Issue IPO · NSE
- Price band
- ₹70 - ₹71
- Lot size
- 1,600 shares
- Issue amount
- ₹40.21 cr
- Total subscription
- 421.85×
- Opens
- 27 Feb 2024
- Closes
- 29 Feb 2024
- Allotment
- 2 Mar 2024
- Listing
- 5 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 56,64,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,12,000
- Fresh issue
- ₹40.21 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,13,600
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,53,18,950
- Shares after issue
- 2,09,82,950
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,13,600 |
| HNI | 2 | 3,200 | ₹2,27,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.47 | 1,175.92 |
| RETAIL | 13.5 | 6,055.33 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 5.85 | 4.44 | 4.02 |
| ROE | 11.46 | 9.88 | 10.3 |
| ROCE | 18.5 | 14.49 | 15.61 |
| RONW | 10.84 | 9.23 | 9.62 |
| PRE IPO(PE) | 13.17 | 0 | 0 |
| POST IPO(PE) | 1.32 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Purv Flexipack Limited, established in 2005, is a leading distributor of plastic products, catering to diverse industries with an extensive portfolio that includes BOPP films, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acetate, and Titanium Dioxide. The company's product range encompasses Plastic Granules, BOPP Films (HS, Matt, Glossy/Plain/Printing Grade, Tape, Textile, Pearlized), Polyester Films, and Cast Polypropylene (CPP) Films, serving the packaging needs of a broad clientele. Committed to quality and innovation, Purv Flexipack Limited operates modern warehouses with advanced inventory management systems, ensuring product integrity and efficient supply chain operations. As of December 31, 2023, the company employs a dedicated team of 28 professionals across departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Management, and Permanent Labor, reinforcing its reputation as a trusted partner in the industry.
Strengths
- Strong Leadership: Experienced management ensures strategic decision-making and business growth.
- Comprehensive Solutions: One-stop packaging solutions enhance customer convenience and streamline operations.
- Customization Capability: Flexibility in roll sizes caters to diverse customer needs, boosting market adaptability.
- Industry Knowledge & Expertise: Deep expertise and skilled workforce contribute to high-quality production and innovation.
- Efficient Supply Chain Management: Strong relationships with suppliers and customers ensure operational efficiency and timely deliveries.
Risk factors
- Environmental Regulations: Potential bans on plastic products in India due to environmental concerns require proactive compliance strategies and alternative material exploration.
- Legal Proceedings: Ongoing litigations create uncertainties and possible financial liabilities that could impact business continuity.
- Inventory Management: Inefficiencies in managing inventory could lead to supply chain disruptions, affecting sales and cash flow.
- Loan Recalls: The risk of lenders recalling loans on demand could strain liquidity and operational stability.
- Debt Financing: Lender charges on company properties increase financial risk in case of loan defaults, potentially affecting future expansion plans.
Promoters
Mr. Rajeev Goenka
Mrs. Poonam Goenka
M/s Purv Logistics Private Limited
Registrar & documents
Lead manager
Holani Consultants Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Annapurna Apartment, Suit 1C, C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020
+91 33 4070 3238
[email protected]Company website ↗Understanding PURVFLEXI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.