Srivasavi Adhesive Tapes IPO Details ( Srivasavi Adhesive IPO Review )
(23 Feb 2023 – 28 Feb 2023)
Srivasavi Adhesive Tapes Limited, established in 2010, specializes in producing, coating, converting, and die-cutting industrial specialty self-adhesive tapes. The company has received ISO 9001:2015 certification from TUV Nord, attesting to its commitment to quality.
Srivasavi Adhesive Tapes Limited offers tailored die cuts of films, foams, and related materials to meet the specific needs of industries such as automotive, locomotives, aerospace, defense, electrical and electronics, renewable energy, print and paper, food and pharmaceuticals, fast-moving consumer goods, white and brown goods, furniture, retail, construction, infrastructure, sports and fitness equipment, as well as textiles and leather industries.
Srivasavi Adhesive Tapes Limited provides a comprehensive selection of pressure-sensitive adhesive tapes, including BOPP tapes, eco-friendly paper tapes, filament tapes, double-sided tapes, packaging tapes, specialty protection tapes, surface protection tapes, masking tapes, as well as specialty foams and films, to meet the various needs of its customers.
Srivasavi Adhesive widely has two business divisions:
- Domestic Sales
- Exports
Srivasavi Adhesive Tapes Limited maintains a strong domestic presence, operating in 23 states within the country. In addition, the company exports its products to various countries, including Egypt, the United States of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and the United Arab Emirates. This information is based on the company’s sales figures for the period ending on September 30, 2022.
Srivasavi Adhesive Company Product:
- Acrylic Foam Tapes
- Polyimide Kapton Tape
- Green Polyester Tape
- General Purpose Masking Tapes
- Double Sided Adhesive Tapes
- Double Sided Polyester Tapes
- Fine Line Masking Tapes
- Paper Tape
- Cross Filament Tape
- Double Sided PVC
- Seam Sealing Tape
- Duct Tape
- HDPE Packing Tape
- Aluminium Foil Tape
- PVC Wire Harness Tape
- Floor Marking Tape
- Double Sided Tissue Tape
- FIBER GLASS CLOTH TAPE
- GREEN PET DIE CUT
- Double Sided Cross Filament Tape
- Copper Foil Tape
- PVC Insulation Tape
- Blue Holding Tape
- Monta Tape
- Heat Seam Sealing Tape
- Pink Rayon Tape
- BOPP Packing Tape
- PUFOAM
- Double Sided Solar Mount Tape
- Bopp Hot Melt
- PTFE Coated Tape
- Paper Reinforced Tape
- Double Sided Cloth Tape
- DRY Wall Tape
Srivasavi Adhesive IPO Competitive Strength
- Our Product portfolio
- Customer base across geographies and industries
- Leveraging the experience of our promoter
- Quality assurance
Srivasavi Adhesive IPO Our Business Strategies
- Expansion of our production capacity
- Widen our product portfolio
- Increase our customer network in existing markets and enter new geographical markets
- Continue to improve operating efficiencies through technology enhancements
Srivasavi Adhesive IPO Financials Performance ( Results )
Srivasavi Adhesive Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | NAV | Reserves | Borrowing |
| 31-Mar-20 | 2,038.86 | 4,634.50 | 101.13 | 0.97 | 494.07 | 4.75 | 369.34 | 572.93 |
| 31-Mar-21 | 2,263.66 | 5,566.61 | 187.34 | 1.80 | 681.41 | 6.56 | 556.68 | 395.02 |
| 31-Mar-22 | 2,763.35 | 6,392.19 | 362.12 | 3.48 | 1,043.53 | 10.04 | 918.80 | 607.08 |
| 30-Sep-22 | 3,051.98 | 3,072.61 | 180.73 | 1.74 | 1,224.25 | 11.78 | 184.84 | 600.06 |
Objective of IPO Issue
- Funding working capital requirements
- General corporate purposes
Srivasavi Adhesive IPO Basic Details
| IPO Date | Feb 23, 2023 to Feb 28, 2023 |
| Listing Date | Thursday, March 09, 2022 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Issue Size | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Price to Earing Ratio | 11.77x |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | D N Anilkumara and Ashwini DA are the Promoters of the company. |
Srivasavi Adhesive IPO Timetable
Srivasavi Adhesive IPO will open on Feb 23, 2023 and close on Feb 28, 2023. You can join Srivasavi Adhesive IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Feb 23, 2023 |
| Closing Date | Feb 28, 2023 |
| Basis of Allotment | Mar 03, 2023 |
| Initiation of Refunds | Mar 06, 2023 |
| Credit of Shares to Demat | Mar 08, 2023 |
| Listing Date | Mar 09, 2023 |
Srivasavi Adhesive IPO Lot Size
For retail investors in Srivasavi Adhesive IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹123,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹123,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| S-HNI (Min) | 2 | 6000 | ₹246,000 |
Srivasavi Adhesive IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Srivasavi Adhesive IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹3.48 per Equity Share |
| Price/Earning (P/E) Ratio | 11.77x |
| Return on Net Worth (RoNW) | 34.70% |
| Net Asset Value (NAV) | ₹10.04 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Srivasavi Adhesive Ltd Peer comparison
| Company Name | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
| Srivasavi Adhesive Tapes Limited | 41 | 10.0 | 3.48 | 11.77 | 34.70 | – |
| Hindustan Adhesives Limited | 203 | 10.0 | 12.44 | 16.3 | 25.5 | 1.74 |
| 3M India Limited | 22,259 | 10.0 | 354 | 63.1 | 11.2 | 9.39 |
Srivasavi Adhesive IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 08 March 2023 | ₹3.5 | – | – |
| 07 March 2023 | ₹3.5 | – | – |
| 06 March 2023 | ₹3.5 | – | – |
| 05 March 2023 | ₹2 | – | – |
| 04 March 2023 | ₹2 | – | – |
| 03 March 2023 | ₹2.5 | – | – |
| 02 March 2023 | ₹2 | – | – |
| 01 March 2023 | ₹2.5 | – | – |
| 28 February 2023 | ₹2.5 | – | – |
| 27 February 2023 | ₹2.5 | – | – |
| 26 February 2023 | ₹3 | – | – |
| 25 February 2023 | ₹2.5 | – | – |
| 24 February 2023 | ₹2.5 | – | – |
| 23 February 2023 | ₹2 | – | – |
| 22 February 2023 | ₹0 | – | – |
| 21 February 2023 | ₹0 | – | – |
Srivasavi Adhesive IPO Detail Video:
Srivasavi Adhesive IPO Subscription Status (Bidding Detail)
The Srivasavi Adhesive IPO on Feb 28, 2023 at 7:00:00 PM was subscribed 7.75 times, with the retail category being subscribed 8.38 times, the NII (Non-Institutional Investor) category being subscribed 7.12 times.
| Category | Subscription |
| NII | 7.12x |
| Retail | 8.38x |
| Total | 7.75x |
Srivasavi Adhesive IPO Prospectus
Srivasavi Adhesive IPO Rating
| Our Rating | 2.0/5.0 |
Srivasavi Adhesive Compnay Contact Information
SRIVASAVI ADHESIVE TAPES LIMITED
Registered Office: No. B 100, KSSIDC Industrial Estate, Doddaballapura,
Bangalore 561 203, Karnataka, India.
Corporate Office: 17/2, 2nd Floor, Kodigehalli Main Road,
Sahakarnagar, Bangalore – 560 092 Karnataka, India.
Tel: 08023629383
E-mail: investors@vasavitapes.com
Website: www.vasavitapes.com
Contact Person: Nikhil Jain, Company Secretary and Compliance Officer
OUR PROMOTERS: D N ANILKUMARA AND ASHWINI D A
Srivasavi Adhesive IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400 093, Maharashtra, India.
Telephone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Swapnil Kate
SEBI Registration No.: INR000001385
Srivasavi Adhesive IPO Lead Manager
SHRENI SHARES PRIVATE LIMITED
Address: Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A,
Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India.
Telephone: 22-2808 8456
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Krunal Pipalia
Website: www.shreni.in
SEBI Registration Number: INM000012759
Srivasavi Adhesive IPO FAQs
What is the lot size of Srivasavi Adhesive IPO?
The total size of Srivasavi Adhesive IPO is ₹15.50 crores and this is a complete fresh Issue.
When will Srivasavi Adhesive IPO start?
Srivasavi Adhesive IPO will start from 23 Feb 2023 and IPO will close on 28 Feb 2023.
What is the open date of Srivasavi Adhesive IPO?
Srivasavi Adhesive IPO will open from 23 Feb 2023.
What is the last date ( close date ) of Srivasavi Adhesive IPO?
Srivasavi Adhesive IPO will close from 28 Feb 2023.
What is the price band of Srivasavi Adhesive IPO?
Srivasavi Adhesive IPO price band is ₹41.
What is the minimum amount required to apply for Srivasavi Adhesive IPO?
The minimum investment for retailers to apply for Srivasavi Adhesive IPO is ₹123,000 and the maximum investment is ₹123,000.
What is going on gray market premium of Srivasavi Adhesive IPO?
View gray market premium of Srivasavi Adhesive IPO by Clicking Here
How much is the GMP of Srivasavi Adhesive IPO?
Watch Srivasavi Adhesive IPO GMP Today: Click Here
What is the allotment date of Srivasavi Adhesive IPO?
The allotment date of Srivasavi Adhesive IPO is 03 March 2023.
How to check allotment status in Srivasavi Adhesive IPO?
To check the allotment status of Srivasavi Adhesive IPO, first of all go to the registrar website by clicking here, select your bad Srivasavi Adhesive 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 Srivasavi Adhesive IPO?
The listing date of Srivasavi Adhesive IPO is 09 March 2023.
How much will be the listing gain in Srivasavi Adhesive IPO?
View listing gain of Srivasavi Adhesive IPO by Clicking Here
How much time Srivasavi Adhesive IPO is subscribed?
Total 7.75 times subscribed in Srivasavi Adhesive IPO out of which 8.38 times subscription was done in retail quota, and 7.12 times subscription in NII quota.
How to apply for Srivasavi Adhesive IPO from Upstox?
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