Anuroop Packaging Limited
IPO Details
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Anuroop Packaging Limited's successfully completed its Initial Public Offering and commenced trading on Nov 21, 2019 at the BSE exchange. The company raised 20,30,000 Shares through this public offering, comprising 3,30,000 Shares in fresh capital and ₹2.21 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹13 to ₹13, with minimum application lots of 10000 shares. The offering attracted significant investor interest during its subscription period from Nov 08, 2019 to Nov 13, 2019.
Share allotment was finalized on Nov 19, 2019, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Anuroop Packaging Ltd (APL), established in 1995 and based in Thane, is a manufacturer of corrugated boxes used for packaging. The company offers two main product categories: corrugated boxes and corrugated sheets/boards. APL serves a diverse range of clients, including small and mid-sized companies, corporate clients, and others, across various industries such as water treatment, pharmaceuticals, metals, and stationery. Some of its prominent clients include Pepe Jeans London, Himalaya Organics, Mattel Toys India, Ion Exchange India, FDC, as well as stationery industry leaders like A.W. Faber-Castell (India) and Kokuyo Camlin. Anuroop Packaging operates a semi-automated manufacturing unit in Wada, Thane, which helps minimize raw material wastage and reduce manual labor. In addition to its core business of corrugated box manufacturing, the company ventured into the trading of gum products, including Turpentine and Dipentene, starting in 2017-18.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Semi-automated production unit
- Convenient location for easy access to raw materials and clients
- Strong relationships with large clients
- Focus on quality assurance
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- Mr. Amarnath Matadin Sharma
- Mr. Akash Amarnath Sharma
- Mr. Akshay Amarnath Sharma
Anuroop Packaging Limited
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