Purv Flexipack Limited

27 Feb 2024 - 29 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹113600

Price Band

₹70-₹71

Issue Size

41.47 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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27 Feb 2024

Open Date

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29 Feb 2024

Close Date

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01 Mar 2024

Allotment Date

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05 Mar 2024

Listing Date

Purv Flexipack Limited IPO 2024 is open for subscription from Tuesday, February 27, 2024 and will close on Thursday, February 29, 2024. The price band is decided at Rs 70 to Rs 71 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,13,600 (71 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,27,200 (79 x 3200 shares). Purv Flexipack Limited IPO 2024 is a book-built issue of Rs 40.21 crores. The IPO issue is entirely a fresh issue of 56.64 lakh equity shares. The allotment for this IPO is expected to be finalized on Friday, March 1, 2024. Purv Flexipack Limited IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, March 5, 2024. The book-running lead manager of Purv Flexipack Limited IPO is Holani Consultants Private Limited. The registrar for this IPO is Link Intime India Private Limited. The market maker for the Purv Flexipack Limited IPO is Holani Consultants.

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About Purv Flexipack Limited

Purv Flexipack was incorporated in 2005; it distributes plastic products, including BOPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The product portfolio of the Company comprises Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films. Purv Flexipack provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. The warehouse is maintained under optimal conditions to preserve the quality and integrity of the stored items. The Company has implemented strict inventory management systems to ensure accurate inventory tracking. As of December 2023, the Company has 28 employees in various departments.

Founded

2005

Managing Director

ANKIT GOENKA

Parent Organization

IPO Objectives

The net funds raised from this IPO are to be used for repayment of existing borrowings availed by the Company from the commercial bank. Moreover, the funds will also be utilized for funding the working capital requirement and general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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