Purv Flexipack Ltd IPO

Purv Flexipack Ltd IPO

Trading

sme

Bidding period

27 Feb 2024 - 29 Feb 2024

Bid price

₹71.00 - ₹71.00

Listing on

NSE-SME

Listing date

05 Mar 2024

Lot size

1600 shares

Issue size

₹40.21 crore


Minimum investment

₹1,13,600.00 / 1 lot

Maximum investment

₹1,13,600.00 / 1 lot

Bidding closed on 29 Feb 2024

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Purv Flexipack Ltd IPO dates

IPO opening date

27 Feb 2024

IPO end date

29 Feb 2024

Allotment date

01 Mar 2024

Initiation of refunds

04 Mar 2024

Credit of shares to demat

04 Mar 2024

IPO listing date

05 Mar 2024

Purv Flexipack Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹338.45
Total liabilities ₹338.45
Total expenditure ₹262.37
Total revenue ₹273.02
Profit after tax ₹5.99
EBITDA ₹26.06
Adjusted EBITDA ₹0.00

Purv Flexipack Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 88.05 0.0
Public group 11.95 0.0

Purv Flexipack Ltd strengths and risks

Information currently unavailable

  • 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.

  • Inadequate or interrupted supply and price fluctuation of packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.

  • The company is highly dependent upon a limited number of suppliers. 76.32%, 80.74% and 74.79% of its Total Purchases are derived from its top 5 suppliers for the Fiscal Years ended on March 31, 2023, 2022 and 2021.

  • The company has entered into Del Credere Associate (DCA) Agreement and Del Credere Associate Operated Polymers Warehouse (DOPW) Agreement with Indian Oil Corporation Ltd. ("IOCL"). Termination or non-renewal of the Agreement or any material modification to the existing terms under such agreement adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.

  • The Company requires significant amounts of working capital and 82.05%, 90.51% and 90.42% of its current assets comprises of trade receivables and inventories for the Fiscal Year ended on March 31, 2023, 2022 and 2021. Its inability to meet the company's working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.

  • The introduction of alternative packaging materials caused by changes in technology or consumer preferences may affect demand for its existing products, which may adversely affect the company financial results and business prospects.

  • The company derives a portion of its revenue from certain customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for its products could adversely affect its business, results of operations, financial condition and cash flows.

  • Its Group Companies Purv Films Private limited, Apex Flexipack Private Limited, Millenium Plastipack Private Limited, Purv Ecoplast Private limited, Purv Packaging Private limited and its Subsidiary Company Cool Caps Industries Limited, is carrying on business activities similar to its business. This may be a potential source of conflict of interest for it and which may have an adverse effect on its business, financial conditions, and results of operations.

  • There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products traded by the company is banned in India, it could have a material and adverse effect on its business and results of operations.

  • There are pending litigations against the company, its Promoters, its Directors and its Group Companies and any adverse decision in these proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, result of operations and financial conditions.

  • The company has not entered into any long-term or definitive agreements with all its customers. If its customers choose not to source their requirements from it, the company's business, financial condition and results of operations may be adversely affected.

How to check the allotment status of the Purv Flexipack Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Purv Flexipack Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Purv Flexipack Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

Read more Read less

Purv Flexipack Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 22 49186200
E-mail ID braceport.ipo@linkintime.co.in
Website www.linkintime.co.in

Purv Flexipack Ltd IPO reservation

QIB shares offered

10,52,800 (18.59%)

NII (HNI) shares offered

8,44,800 (14.92%)

Retail shares offered

19,00,800 (33.56%)

Anchor investor shares offered

15,16,800 (26.78%)

Total shares offered

56,64,000

Total shares with anchor investor

56,64,000

Purv Flexipack Ltd IPO lead manager

  • Holani Consultants Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Purv Flexipack Ltd IPO?

The listing date for the Purv Flexipack Ltd IPO is 05 Mar 2024.

What is the issue size of Purv Flexipack Ltd IPO?

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

What is the minimum lot size needed for Purv Flexipack Ltd IPO?

The minimum lot size for Purv Flexipack Ltd IPO is 1600

When does the Purv Flexipack Ltd open and close?

Purv Flexipack Ltd IPO is open from 27 Feb 2024 to 29 Feb 2024.

How can I apply for the Purv Flexipack Ltd IPO?

To apply for the Purv Flexipack Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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