Last updated on March 5, 2024
Purv Flexipack IPO description – Purv Flexipack specializes in distributing a range of plastic-based products, including Biaxially Oriented Polypropylene (BOPP) film, polyester films, Cast Polypropylene (CPP) films, plastic granules, inks, adhesives, masterbatches, Ethyl Acetate, and Titanium Dioxide. Additionally, the company serves as a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) for Indian Oil Corporation in their polymer division. Purv Flexipack serves as a dealer of various companies including SRF, Poddar Pigments, and Brilliant Polymers for distributing plastic-based products.
The company supplies plastic products in West Bengal, Assam, Odisha, and Bihar. As of 31 December 2023, Purv Flexipack had a total of 28 employees across Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Permanent Labour, and more divisions.
Promoters of Purv Flexipack – Rajeev Goenka, Poonam Goenka, and M/S Purv Logistics Private Limited
Table of Contents
Purv Flexipack IPO Details
| Purv Flexipack IPO Dates | 27 – 29 Feb 2024 |
| Purv Flexipack Issue Price | INR 70 – 71 per share |
| Fresh issue | 5,664,000 shares (INR 39.65 – 40.21 crore) |
| Offer For Sale | NIL |
| Total IPO size | 5,664,000 shares (INR 39.65 – 40.21 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 113,600) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Purv Flexipack Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 133.04 | 222.37 | 333.17 | 134.39 |
| Expenses | 129.64 | 219.90 | 326.23 | 132.11 |
| Net income | 5.68 | 6.27 | 8.26 | 4.30 |
Purv Flexipack Offer News
- Purv Flexipack RHP
- Purv Flexipack Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Purv Flexipack Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.02 | 4.44 | 5.85 |
| PE ratio | – | – | 11.97 – 12.14 |
| RONW (%) | 9.2 | 9.23 | 10.84 |
| NAV | 41.78 | 48.11 | 53.97 |
| ROCE (%) | 15.61 | 14.49 | 18.50 |
| EBITDA (%) | 7.41 | 4.40 | 5.68 |
| Debt/Equity | 1.20 | 1.23 | 1.62 |
Purv Flexipack IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 4 March 2024 | 120 | – | 145,000 |
| 2 March 2024 | 120 | – | 145,000 |
| 1 March 2024 | 120 | – | 145,000 |
| 29 February 2024 | 120 | – | 145,000 |
| 28 February 2024 | 120 | – | 145,000 |
| 27 February 2024 | 120 | – | 145,000 |
| 26 February 2024 | 110 | – | 130,000 |
| 24 February 2024 | 80 | – | 90,000 |
| 23 February 2024 | 77 | – | 85,000 |
| 22 February 2024 | 70 | – | 80,000 |
| 21 February 2024 | 50 | – | 60,000 |
| 20 February 2024 | 35 | – | 40,000 |
Purv Flexipack IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 1,052,800 | 844,800 | 1,900,800 | 3,798,400 |
| 29 Feb 2024 | 157.32 | 690.38 | 436.93 | 415.80 |
| 28 Feb 2024 | 6.04 | 116.33 | 230.48 | 142.88 |
| 27 Feb 2024 | 0.24 | 45.86 | 93.69 | 57.15 |
The market maker reservation portion of 348,800 shares is not included in the above calculations.
Purv Flexipack IPO Allotment Status
Purv Flexipack IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Purv Flexipack IPO Dates & Listing Performance
| IPO Opening Date | 27 February 2024 |
| IPO Closing Date | 29 February 2024 |
| Finalization of Basis of Allotment | 1 March 2024 |
| Initiation of refunds | 4 March 2024 |
| Transfer of shares to demat accounts | 4 March 2024 |
| IPO Listing Date | 5 March 2024 |
| Opening Price on NSE SME | INR 260 per share (up 266.2%) |
| Closing Price on NSE SME | INR 247 per share (up 247.9%) |
Purv Flexipack Offer Lead Manager
HOLANI CONSULTANTS PRIVATE LIMITED
401 – 405 & 416 – 418, 4th Floor, Soni Paris Point,
Jai Singh Highway, Bani Park, Jaipur – 302016
Phone: +91 0141 – 2203996
Email:Â [email protected]
Website:Â www.holaniconsultants.co.in
Purv Flexipack Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 49186200
Email:Â [email protected]
Website: www.linkintime.co.in
Purv Flexipack IPO Contact Details
PURV FLEXIPACK LIMITED
Annapurna Apartment, Suit 1C, 1st Floor,
23 Sarat Bose Road, Kolkata- 700020 West Bengal
Phone: +91 33 4070 3238
E-mail: [email protected]
Website: www.purvflexipack.in
IPO FAQs
What is the Purv Flexipack offer size?
Purv Flexipack offer size is INR 39.65 – 40.21 crores.
What is the Purv Flexipack offer price band?
Purv Flexipack public offer price is INR 70 – 71 per share.
What is the lot size of the Purv Flexipack Offer?
Purv Flexipack offer lot size is 1,600 shares.
What is Purv Flexipack IPO GMP today?
Purv Flexipack IPO GMP today is INR 120 per share.
What is the Purv Flexipack kostak rate today?
Purv Flexipack kostak rate today is NA per application.
What is Purv Flexipack Subject to Sauda rate today?
Purv Flexipack is Subject to the Sauda rate today is INR 145,000 per application.
