Purv Flexipack lists at 266% premium

Published : 05 March 2024

Purv Flexipack's share price soared 266% over the offering price, reaching ₹266 a share on the NSE SME

Purv Flexipack lists at 266% premium

Purv Flexipack IPO got a robust reaction from investors, as evidenced by a subscription rate of 421.78 times. By February 29, 2024, the public issue had been subscribed 448.73 times in the retail category, 157.32 times in the QIB category, and 690.72 times in the NII category. 

Subscription details of Purv Flexipack IPO

Price range of Purv Flexipack IPO

Purv Flexipack's IPO opened on Tuesday, February 27, and closed on Thursday, February 29. The pricing range for the Purv Flexipack IPO was set at ₹70 to ₹71 per unit, with a face value of ₹10. The lot size for the Purv Flexipack IPO was 1,600 shares. 

The company plans to finance its goals with the net proceeds of the new issue, including financing general corporate purposes, covering working capital needs, and repaying some current fund-based borrowings, either fully or partially, from scheduled commercial banks. 

Objectives of Purv Flexipack IPO

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