IPO Details

Bidding Dates

26 Feb '24 - 28 Feb '24

Minimum Investment

₹113,600 / 1 Lot ( 1600 Shares )

Price Range

₹70 - ₹71

Maximum Investment

₹113,600 / 1 Lot ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹40.21 Cr

Investor category and sub category

Retail Individual Investors  |   Qualified Institutional Bidders  |   Non-Institutional Bidders  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Feb 26, 2024

Closing Date

Feb 28, 2024

Basis of Allotment

Feb 29, 2024

Initiation of Refunds

Mar 3, 2024

Credit of Shares to Demat

Mar 3, 2024

Listing Date

Mar 3, 2024

Cut-off time for UPI mandate confirmation

Feb 28, 2024

Purv Flexipack IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Feb 26, 2024

0.24x 46.40x 96.75x 58.80x

Day 2Feb 27, 2024

6.04x 116.43x 234.08x 144.71x

Day 3Feb 28, 2024

157.32x 690.72x 448.73x 421.78x

Purv Flexipack IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 157.32
Non-Institutional Buyers 690.72
Retail Investors 448.73
Total 421.78

About Purv Flexipack Limited

Incorporated in 2005, Purv Flexipack Limited is mainly engaged 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.

The company is also a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division.

In 2021, the global flexible packaging market was valued at $68.5 billion and is projected to reach $102.8 billion by 2031, growing at a CAGR of 4.2% from 2021 to 2031. The increase in demand for snack and convenience food in small or single-size portions fuels the growth of the flexible packaging market. The packaging industry is moving toward flexible packaging owing to its multi-fold energy and environmental advantages.

Purv Flexipack Limited IPO Details

Purv Flexipack Limited IPO Dates

Purv Flexipack Limited IPO is a 100% fresh issue of 56,64,000 shares. Purv Flexipack Limited’s IPO will be listed on the NSE Emerge. It is a book-built issue IPO.

Purv Flexipack Limited IPO Price Band

The price range of the IPO has not been decided yet.

Purv Flexipack Limited IPO Lot Size

The lot size of the IPO has not been decided yet.

Purv Flexipack Limited IPO Objectives

The objectives of Purv Flexipack Limited IPO are listed below

  • Prepayment and repayment of all or certain market borrowings.
  • Funding working capital requirements.
  • General corporate purposes.

Peer Details

As per DRHP, Sah Polymers Limited is the only listed peer of the company.

How To Check the Allotment Status of the Purv Flexipack Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app.
  • Go to the IPO Section and then to IPO Orders.
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Purv Flexipack Limited

Registered office: Annapurna Apartment, Suit 1C, 1st Floor, 23 Sarat Bose Road, Kolkata700020 West Bengal

Phone: +91 33 4070 3238

E-mail: cs@purvflexipack.in

IPO Financials

Particulars Period Ended on September 30, 2023 Year Ending on March 31, 2023 Year Ending on March 31, 2022 Year Ending on March 31, 2021
Total Income 5,809.07 16,391.09 17,712.69 10,686.35
Profit After Tax (PAT) 196.89 552.44 405.18 328.80
Assets 14,291.50 13,623.45 11,546.06 11,325.01
Net Worth 8,152.42 7,619.22 6,793.09 5,898.36
Total Borrowings 15,013.96 12,350.98 8,340.10 7,077.77

Know before investing

Strengths

2
  1. The company operates as a one-stop solution for packaging material, simplifying the sourcing process with a wide range of products under one roof. Its portfolio includes plastic granules, masterbatch/colourants, films, ink, and adhesives.

  2. Going forward, the company will continue to endeavour to explore possibilities for new market segments and product portfolios to reach a broader customer base.

Risks

2
  1. Any inadequate or interrupted supply and price fluctuation of packaging materials may negatively affect its business, results of operations, cash flows, profitability and financial condition.

  2. The company’s business could be affected by the introduction of alternative packaging materials caused by technological changes or consumer preferences.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Purv Flexipack Limited IPO FAQs

What is Purv Flexipack Limited’s IPO?

Purv Flexipack Limited IPO is a 100% fresh issue of 56,64,000 shares.

When will Purv Flexipack Limited’s IPO be allotted?

The Basis of Allotment will be done on March 01, 2024.

When will Purv Flexipack Limited’s IPO open for subscription?

The IPO subscription window will be open from February 27, 2024, to February 29, 2024.

What minimum lot size can retail investors subscribe to?

The lot size of the IPO has not been decided yet.

When will Purv Flexipack Limited list on exchanges?

Purv Flexipack Limited IPO will be listed on NSE Emerge.

How do I check the allotment status of the Purv Flexipack Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Purv Flexipack Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

I have finished the application process for the Purv Flexipack Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Purv Flexipack Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Purv Flexipack Limited using one PAN?

You can submit only one application using your PAN card.