Purv Flexipack IPO Details, GMP, Date, Price 2024

Purv Flexipack IPO is coming up with its Initial public offering. The IPO will be open for subscription on February 27, 2024. Check out PO GMP, Details, Date, Price and more 

Purv Flexipack IPO – Details

 

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Purv Flexipack IPO Dates 27 – 29 Feb 2024
Purv Flexipack Issue Price INR 70 – 71 per share
Fresh issue 56,64,000 shares (INR 39.65 – 40.21 crore)
Offer For Sale NIL
Total IPO size 56,64,000 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

 

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Purv Flexipack IPO – Date Schedule

 

IPO Open Date 27 February 2024
IPO Close Date 29 February 2024
Finalization of Basis of Allotment 1 March 2024
Refunds Initiation 4 March 2024
Transfer of shares to demat accounts 4 March 2024
Listing Date of IPO 5 March 2024

 

 

Purv Flexipack IPO – About Company 

 

Purv Flexipack specializes in the distribution of a diverse array of plastic-based merchandise, encompassing Biaxially Oriented Polypropylene (BOPP) film, polyester films, Cast Polypropylene (CPP) films, plastic granules, inks, adhesives, masterbatches, Ethyl Acetate, and Titanium Dioxide. Moreover, the company functions as a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) for Indian Oil Corporation within their polymer division. Purv Flexipack acts as an authorized dealer for several esteemed companies, including SRF, Poddar Pigments, and Brilliant Polymers, facilitating the distribution of plastic-based commodities.

The company’s distribution network spans across West Bengal, Assam, Odisha, and Bihar.

 As of December 31, 2023, Purv Flexipack employed a workforce of 28 individuals, distributed across various departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Permanent Labour, among others

Purv Flexipack IPO Details
Purv Flexipack IPO Details

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Purv Flexipack IPO – Industry Overview 

 

The global flexible packaging market was valued at $68.5 billion in 2021, and is projected to reach $102.8 billion by 2031, growing at a CAGR of 4.2% from 2021 to 2031.

The packaging film market is expected to witness a CAGR of 6% over the forecast period. The disposable income of consumers, urbanization and the demand for packaged food are the factors attributed to the growth of the market in emerging countries. 

During April 2022-February 2023, India’s plastic exports stood at US$ 10.9 billion. During this time period, the exports of writing instruments and stationery, medical items, and plastic pipes and fittings increased by 25.0%, 19.1%, and 2.8% over the same time last year, respectively. In February 2023, the exports of human hair and related products witnessed a growth of 79.9%.

The Union Ministry of Commerce and Industry of India targets to increase the plastic exports of the country to US$ 25 billion by 2025. 

 

Purv Flexipack IPO Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 222.37 333.17 134.39
Expenses 219.90 326.23 132.11
Net income 6.27 8.26 4.30

Figures in INR Crores

 

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

 

Competitive Strengths

 

  • 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.

 

Object Of The Issue

 

  • • Repayment of certain existing fund-based borrowings in full or in part availed by our company from scheduled commercial banks;
  • Funding working capital requirements of our Company;
  • General Corporate Purposes.

 

Purv Flexipack IPO GMP

 

Date Day-wise IPO GMP Kostak Subject to Sauda
27 February 2024 120 145,000
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 – Allotment Status

 

Purv Flexipack IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

 

Purv Flexipack IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 1600 1,13,600
Retail (Max) 1 1600 1,13,600
HNI (Min) 2 3200 2,27,200

 

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

 

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