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Purv Flexipack Limited IPO

Purv Flexipack Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 260.00 (+266.20%)

The public market debut of Purv Flexipack Limited's was completed on 05-03-2024 with its listing on the NSE exchange. The IPO process raised 56,64,000 Shares in total capital, consisting of 56,64,000 Shares in new equity.

The offering featured a price range of ₹70 to ₹71 and minimum application size of 1600 shares. Investor response during the subscription period from 27-02-2024 to 29-02-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 02-03-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Purv Flexipack IPO Details
Lot(s) Distribution

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.

IPO Reservation
Purv Flexipack IPO Key Performance Indicator
Company Financials ( in ₹ Lakhs )

Purv Flexipack IPO About Company

Purv Flexipack Limited, established in 2005, is a leading distributor of plastic products, catering to diverse industries with an extensive portfolio that includes BOPP films, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acetate, and Titanium Dioxide. The company's product range encompasses Plastic Granules, BOPP Films (HS, Matt, Glossy/Plain/Printing Grade, Tape, Textile, Pearlized), Polyester Films, and Cast Polypropylene (CPP) Films, serving the packaging needs of a broad clientele. Committed to quality and innovation, Purv Flexipack Limited operates modern warehouses with advanced inventory management systems, ensuring product integrity and efficient supply chain operations. As of December 31, 2023, the company employs a dedicated team of 28 professionals across departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Management, and Permanent Labor, reinforcing its reputation as a trusted partner in the industry.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Purv Flexipack IPO Strength Factors

  1. Strong Leadership: Experienced management ensures strategic decision-making and business growth.
  2. Comprehensive Solutions: One-stop packaging solutions enhance customer convenience and streamline operations.
  3. Customization Capability: Flexibility in roll sizes caters to diverse customer needs, boosting market adaptability.
  4. Industry Knowledge & Expertise: Deep expertise and skilled workforce contribute to high-quality production and innovation.
  5. Efficient Supply Chain Management: Strong relationships with suppliers and customers ensure operational efficiency and timely deliveries.

Purv Flexipack IPO Risk Factors

  1. Environmental Regulations: Potential bans on plastic products in India due to environmental concerns require proactive compliance strategies and alternative material exploration.
  2. Legal Proceedings: Ongoing litigations create uncertainties and possible financial liabilities that could impact business continuity.
  3. Inventory Management: Inefficiencies in managing inventory could lead to supply chain disruptions, affecting sales and cash flow.
  4. Loan Recalls: The risk of lenders recalling loans on demand could strain liquidity and operational stability.
  5. Debt Financing: Lender charges on company properties increase financial risk in case of loan defaults, potentially affecting future expansion plans.

Purv Flexipack IPO Lead Manager(s)

  • Holani Consultants Private Limited

Purv Flexipack IPO Promoter(s)

  1. Mr. Rajeev Goenka
  2. Mrs. Poonam Goenka
  3. M/s Purv Logistics Private Limited

Purv Flexipack IPO Company Details

Purv Flexipack Limited
Phone:
address:

Purv Flexipack IPO Registrar

Link Intime India Private Limited
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Phone:

Purv Flexipack IPO FAQs