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Open
27 Feb 2024
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Close
29 Feb 2024
3
Allotment
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Listing
Tue, Mar 5, 2024
Price Band
₹70 to ₹71
Issue Size
56,64,000 shares (agg. up to ₹40 Cr)
Lot Size
1,600 Shares
Listing Date
Tue, Mar 5, 2024
Latest GMP
₹130
Est. Gain
183.1%
✦ AI Insight
GMP Trend
05-03-2024₹130Est. ₹201+183.1%
04-03-2024₹130Est. ₹201+183.1%
03-03-2024₹125Est. ₹196+176.06%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 298.33x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 283.16 | 258.53 | 181.47 | 154.18 |
| Total Income | 139.36 | 341.08 | 229.44 | 137.80 |
| Profit After Tax | 4.30 | 8.26 | 6.27 | 5.68 |
| NET Worth | 81.52 | 76.19 | 67.93 | 58.98 |
| Reserves and Surplus | 67.41 | 62.07 | 53.81 | 44.86 |
| Total Borrowing | 150.14 | 123.51 | 83.40 | 70.78 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kahan Packaging Ltd. | SME | ₹5.76 Cr | ₹80 | 7.74 | ₹159.60 | +99.50% | ₹82.84 (+8.08%) |
| Pyramid Technoplast Ltd. | Mainboard | ₹153.05 Cr | ₹166 | 16.21 | ₹177.65 | +7.02% | ₹166.71 (+0.58%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of existing borrowings availed by our company from scheduled commercial banks. | 19.87 |
| 2 | Funding the working Capital Requirements | 13.89 |
| 3 | General corporate purposes* | 3.02 |
| Total | 36.78 |
About Purv Flexipack IPO
Incorporated in 2005, Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP 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 The company 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. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking. As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.+ Read More
Contact Details
Purv Flexipack Ltd. AddressAnnapurna Apartment, Suit 1CC, 1st Floor23 Sarat Bose RoadKolkata, West Bengal, 700020+91 33 4070 3238cs@purvflexipack.inVisit Website