Purv Flexipack IPO
- IPO Date27 Feb, 2024 to 29 Feb, 2024
- Listing Date05 Mar, 2024
- Face Value₹10 per share
- Issue Price₹70 to ₹71 per share
- Lot Size1600 Shares
- Minimum Investment₹1,13,600
- Listing AtNSE SME
- Total Issue Size56,64,000 Shares
(aggregating up to ₹40.21 Cr) - Fresh Issue56,64,000 Shares
(aggregating up to ₹40.21 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,53,18,950
- Shareholding post issue2,09,82,950
IPO Dates
Closing Date
29 Feb, 2024
Initiation of Refunds
01 Mar, 2024
Listing Date
05 Mar, 2024
27 Feb, 2024
Opening Date
01 Mar, 2024
Basis of Allotment
01 Mar, 2024
Credit of Shares
Purv Flexipack Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 3200 | ₹2,27,200 |
| Retail (Min) | 1 | 1600 | ₹1,13,600 |
| Retail (Max) | 1 | 1600 | ₹1,13,600 |
Purv Flexipack Promoter Holding
The promoters of the company, are Mr. Rajeev Goenka, Mrs. Poonam Goenka and M/s Purv Logistics Private Limited.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.17% | - |
Purv Flexipack COMPANY INFORMATION
Purv Flexipack IPO is a book built issue of Rs 40.21 crores. The issue is entirely a fresh issue of 56.64 lakh shares. Purv Flexipack IPO bidding started from February 27, 2024 and ended on February 29, 2024. The allotment for Purv Flexipack IPO was finalized on Friday, March 1, 2024. The shares got listed on NSE SME on March 5, 2024. Purv Flexipack IPO price band is set at ₹70 to ₹71 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹113,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹227,200. Holani Consultants Private Limited is the book running lead manager of the Purv Flexipack IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Purv Flexipack IPO is Holani Consultants. Refer to Purv Flexipack IPO RHP for detailed information.
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.
FAQs About Purv Flexipack Ipo
Purv Flexipack IPO will open on 27 Feb, 2024 and close on 29 Feb, 2024. Investors must apply within this period to participate.
The Purv Flexipack IPO price band is set between ₹70.00 and ₹71.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹113600.00.
The Purv Flexipack IPO shares are expected to be listed on 05 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Purv Flexipack IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Purv Flexipack IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.