The Purv Flexipack IPO started on February 27, 2024, and ended on February 29, 2024. Shares were allocated on March 1, 2024, and refund processes began on March 4, 2024. On March 4, 2024, the shares were credited to investors demat accounts. Purv Flexipack was officially listed on the stock exchange on March 5, 2024.
During the IPO, Purv Flexipack offered shares at a price range of ₹70 to ₹71 per share, and the lot size was 1600 shares. The total issue size was ₹40.21 crores, with ₹40.21 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Purv Flexipack IPO Subscription Update Video
Purv Flexipack IPO Subscription Status
The Purv Flexipack IPO on February 29, 2024 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, the 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 Basic Details
| Company Name | Purv Flexipack Limited |
| Domain of Company | Plastic Product |
| Purv Flexipack IPO Open Date | February 27, 2024 |
| Purv Flexipack IPO Close Date | February 29, 2024 |
| Purv Flexipack IPO Allotment Date | March 1, 2024 |
| Purv Flexipack IPO Listing Date | 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 |
| Company Promoters | Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited |
About Purv Flexipack Limited
Established in 2005, Purv Flexipack Limited is your go-to source for a variety of plastic products. We specialize in distributing BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
Our product lineup 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.
At Purv Flexipack, we offer diverse packaging solutions tailored to meet the needs of our valued customers. Our company boasts four well-equipped warehouses dedicated to storing and managing inventory. These facilities are designed with modern amenities to ensure the safe and secure storage of our products. We maintain optimal conditions to preserve the quality and integrity of all stored items. Additionally, our strict inventory management systems guarantee accurate tracking of inventory levels.
As of December 31, 2023, our dedicated team of 28 employees spans various departments, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
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Purv Flexipack IPO FAQs
What is the start and end date of Purv Flexipack IPO Subscription?
The Purv Flexipack IPO started on February 27, 2024, and ended on February 29, 2024.
When does Purv Flexipack IPO Subscription open?
The Purv Flexipack IPO open on February 27, 2024.
When does Purv Flexipack IPO Subscription close?
The Purv Flexipack IPO Close on February 29, 2024.
What is the allotment date of Purv Flexipack IPO?
The allotment date for Purv Flexipack IPO is March 1, 2024.
When is the initial refund date of Purv Flexipack IPO?
The initial Refund date for Purv Flexipack IPO is March 4, 2024.
When were the shares credited to investors demat accounts for the Purv Flexipack IPO?
The shares for the Purv Flexipack IPO were credited to investors demat accounts on March 4, 2024.
When will Purv Flexipack IPO be listed on the stock market?
Purv Flexipack IPO stock market will be listed on March 5, 2024 at 10 am.
What was the price range of the Purv Flexipack IPO shares?
The Purv Flexipack IPO shares were offered at a price range of ₹70 to ₹71 per share.
What was the lot size for the Purv Flexipack IPO shares?
The lot size for the Purv Flexipack IPO shares was 1600 shares.
What was the total issue size of the Purv Flexipack IPO?
The total issue size of the Purv Flexipack IPO was ₹40.21 crores.
How were the shares allocated among different types of investors for the Purv Flexipack IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Purv Flexipack IPO listed?
The Purv Flexipack IPO was listed on the NSE SME.
What is the Purv Flexipack IPO Subscription Status?
Purv Flexipack IPO is subscribed 421.78 Times.
