Purv Flexipack IPO Details ( Purv Flexipack Limited IPO Review )
(27 Feb 2024 – 29 Feb 2024)
Established in 2005, Purv Flexipack Limited specializes in distributing plastic products such as BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
Our product range includes Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized BOPP, Polyester Films, and Cast Polypropylene (CPP) Films.
We offer diverse packaging solutions to cater to a wide range of customers. With four warehouses, we ensure efficient storage and inventory management. Equipped with modern facilities and equipment, our warehouses maintain optimal conditions to preserve the quality and integrity of our products. Our strict inventory management systems guarantee accurate tracking.
As of December 31, 2023, our team consists of 28 employees across various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Purv Flexipack Limited IPO Competitive Strength
- 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
- Industry Knowledge and Expertise
Purv Flexipack IPO Financials Performance ( Results )
Purv Flexipack Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 15,417.62 | 13,780.26 | 567.50 | 4.02 | 5,898.36 | 4,486.48 | 7,077.77 |
| 31-Mar-22 | 18,146.73 | 22,943.81 | 626.73 | 4.44 | 6,793.09 | 5,381.21 | 8,340.10 |
| 31-Mar-23 | 25,852.83 | 34,107.83 | 826.13 | 5.85 | 7,619.22 | 6,207.34 | 12,350.98 |
| 30-Sep-23 | 28,315.64 | 13,935.79 | 430.13 | 3.05 | 8,152.42 | 6,740.54 | 15,013.96 |
Objective of Purv Flexipack IPO Issue
- Repayment of existing borrowings availed by the company from scheduled commercial banks.
- Funding working capital requirements; and
- General corporate purposes.
Purv Flexipack IPO Basic Details
| IPO Date | Feb 27, 2024 to Feb 29, 2024 |
| Listing Date | Tuesday, March 5, 2024 |
| Face Value | ₹10 per share |
| Price | ₹70 to ₹71 per share |
| Lot Size | 1600 Shares |
| Issue Size | 5,664,000 shares of ₹10 (aggregating up to ₹40.21 Cr) |
| Fresh Issue | 5,664,000 shares of ₹10 (aggregating up to ₹40.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,318,950 |
| Share holding post issue | 20,982,950 |
| Company Promoters | Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited |
Purv Flexipack IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Purv Flexipack IPO Timetable
Purv Flexipack IPO will open on February 27, 2024 and close on February 29, 2024. You can join Purv Flexipack IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 February 2024 (Tuesday) |
| Closing Date | 29 February 2024 (Thursday) |
| Basis of Allotment | 1 March 2024 (Friday) |
| Initiation of Refunds | 4 March 2024 (Monday) |
| Credit of Shares to Demat | 4 March 2024 (Monday) |
| Listing Date | 5 March 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 29 February 2024 |
Purv Flexipack IPO Lot Size
For retail investors in Purv Flexipack IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹113,600. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹113,600.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹113,600 |
| Retail (Max) | 1 | 1600 | ₹113,600 |
| S-HNI (Min) | 2 | 3,200 | ₹227,200 |
Purv Flexipack IPO Promoter Holding
The company’s promoters include Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited.
| Pre Issue Share Holding | 92.17% |
| Post Issue Share Holding |
Purv Flexipack Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 148.98 |
| Earning Per Share (EPS) | ₹5.85 per Equity Share |
| Net Asset Value (NAV) | ₹53.97 per Equity Share |
| P/E Ratio (P/E) (x) | 13.17 |
| Post P/E Ratio (P/E) (x) | 17.32 |
| Return on Net Worth (RoNW) (%) | 10.84 |
| Return on equity (ROE) (%) | 11.46 |
| Return on Capital Employed (ROCE) (%) | 18.50 |
| Debt/Equity Ratio | 1.62 |
| Price/Book Value Ratio | 1.32 |
Purv Flexipack Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Purv Flexipack Limited | Consolidated | 10 | 5.85 | 17.32 | 10.84 | 53.97 |
| Peer Group | ||||||
| Sah Polymers Limited | Consolidated | 10 | 2.10 | 54.95 | 4.29 | 33.95 |
Purv Flexipack IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹82 | – | – |
| 22 February 2024 | ₹82 | – | – |
Purv Flexipack IPO Detail Video:
Purv Flexipack IPO Subscription Status (Bidding Detail)
The Purv Flexipack IPO on February 29, 2024 at 7:00:00 PM was subscribed 421.78 times, with the retail category being subscribed 448.73 times, the NII (Non-Institutional Investor) category being subscribed 690.72 times, QIB (Qualified-Institutional Buyers) category being subscribed 157.32 times.
| Category | Subscription |
| QIB | 157.32x |
| NII | 690.72x |
| Retail | 448.73x |
| Total | 421.78x |
Purv Flexipack IPO Prospectus
| Purv Flexipack IPO DRHP | Download |
| Purv Flexipack IPO RHP | Download |
| Purv Flexipack IPO Anchor Investors Details PDF | Download |
Purv Flexipack IPO Rating
| Our Rating | 4.0/5.0 |
Purv Flexipack Company Contact Information
Purv Flexipack Limited
Registered and Corporate Office: Annapurna Apartment, Suit 1C, 1st Floor, 23 Sarat Bose Road, Kolkata- 700020 West Bengal.
Tel. No.: +91 33 4070 3238
E-mail: info@purv.in
Website: www.purvflexipack.in
Contact Person: Shivani Marda, Company Secretary and Compliance Officer
Promoters of Our Company: M/s Purv Logistics Private Limited, Rajeev Goenka and Poonam Goenka
Purv Flexipack IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai-400083, Maharashtra, India
Tel: +91 22 49186200
Fax: +91 – 022-4918 6195
Website: www.linkintime.co.in
Email: braceport.ipo@linkintime.co.in
Investor Grievance ID: braceport.ipo@linkintime.co.in
Contact Person: Mr. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Purv Flexipack IPO Lead Manager
Holani Consultants Private Limited
Registered Office: 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016
Tel.: +91 0141 – 2203996
Website: www.holaniconsultants.co.in
Email: ipo@holaniconsultants.co.in
Investor Grievance ID: complaints.redressal@holaniconsultants.co.in
Contact Person: Mrs. Payal Jain
SEBI Registration No.: INM000012467
Purv Flexipack IPO FAQs
What is the lot size of Purv Flexipack IPO?
The total size of Purv Flexipack IPO is ₹40.21 crores and this is a complete fresh Issue.
When will Purv Flexipack IPO start?
Purv Flexipack IPO will open from 27 February 2024 and IPO will close on 29 February 2024.
What is the open date of Purv Flexipack IPO?
Purv Flexipack IPO will open date from 27 February 2024.
What is the last date ( close date ) of Purv Flexipack IPO?
Purv Flexipack IPO will close from 29 February 2024.
What is the price band of Purv Flexipack IPO?
Purv Flexipack IPO price band is ₹70 to ₹71. ( Upper Price Band: ₹71, Lower Price Band: ₹70 )
What is the minimum amount required to apply for Purv Flexipack IPO?
The minimum investment for retailers to apply for Purv Flexipack IPO is ₹113,600 and the maximum investment is ₹113,600.
What is going on gray market premium of Purv Flexipack IPO?
View gray market premium of Purv Flexipack IPO by Clicking Here
How much is the GMP of Purv Flexipack IPO?
Watch Purv Flexipack IPO GMP Today: Click Here
What is the allotment date of Purv Flexipack IPO?
The allotment date of Purv Flexipack IPO is 1 March 2024.
How to check allotment status in Purv Flexipack IPO?
To check the allotment status of Purv Flexipack IPO, first of all go to the registrar website by clicking here, select your bad Purv Flexipack IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Purv Flexipack IPO?
The listing date of Purv Flexipack IPO is 5 March 2024.
How much will be the listing gain in Purv Flexipack IPO?
View listing gain of Purv Flexipack IPO by Clicking Here
How much time Purv Flexipack IPO is subscribed?
Total 421.78 times subscribed in Purv Flexipack IPO out of which 448.73 times subscription was done in retail quota, 690.72 times subscription in NII quota and 157.32 times subscription in QIB quota.
How to apply for Purv Flexipack IPO from Upstox?
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How to apply for Purv Flexipack PO from Zerodha?
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How to apply for Purv Flexipack IPO from Angle One?
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