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purv flexipack ipo

Purv Flexipack IPO

  • Status: Closed
  • RHP:
  • ₹ 112,000 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Feb 2024

  • Close Date

    29 Feb 2024

  • IPO Price Range

    ₹ 70 to ₹ 71

  • IPO Size

    ₹ 40.21 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    05 Mar 2024

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IPO Timeline

Purv Flexipack IPO Subscription Status

Last Updated: 15 March 2024 10:28 AM by 5Paisa

Purv Flexipack Limited IPO is all set to open from 27th February to 29th February 2024. The company is engaged in the business of distributing various plastic-based products. The IPO includes a fresh issue of 5,664,000 shares worth ₹40.21 cr. The share allotment date is 1st March 2024, and the IPO will be listed on 5th March 2024 on the stock exchanges. The price band is ₹70 to ₹71 and the lot size is 1600 shares.        

Holani Consultants Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Purv Flexipack IPO:

Purv Flexipack Limited plans to utilize the raised capital from the IPO to:

●    To repay the borrowings obtained by the company from scheduled commercial banks.
●    To fund the working capital requirements.
●    General corporate purposes.
 

Established in 2005, Purv Flexipack Limited is engaged in the business of distributing various plastic-based products. This includes Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company, for the polymer division, is Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited.

Purv Flexipack is a distributor of various companies which include: SRF Limited, Poddar Pigments Limited, Indian Oil Corporation Limited, Indian Oil Corporation Limited, Brilliant Polymers Private Limited, and Brilliant Polymers Private Limited.

Peer Comparison

●    Sah Polymers Limited
 

For More Information:
Webstory on Purv Flexipack IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 333.17 222.37 133.03
EBITDA 18.91 9.78 9.86
PAT 8.26 6.26 5.67
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 258.52 181.46 154.17
Share Capital 14.12 14.12 14.12
Total Borrowings 167.54 101.82 92.47
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 22.62 -1.11 -5.89
Net cash from / (used in) investing activities -38.46 -6.99 -7.14
Net cash flow from / (used in) financing activities 15.13 8.83 10.23
Net increase (decrease) in cash and cash equivalents -0.72 0.73 -2.80


Strengths

1.    The company offers a one-stop solution for packaging material.
2.    It offers customization of different sizes of roll.
3.    The company prioritizes exceptional service to build lasting customer relationships.
4.    It also has adequate stock to meet its customers' diverse needs promptly.
5.    The company has a well-established infrastructure, showing its commitment to uninterrupted operations.
6.    Experienced Promoter and management team.
 

Risks

1.    The company is highly dependent upon a limited number of suppliers. 
2.    Termination or non-renewal of the Agreement with IOC can impact the business. 
3.    High working capital requirements.
4.    It has reported negative cash flows in the past.
5.    The industry it operates is highly competitive and fragmented.
 

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FAQs

Purv Flexipack IPO opens from 27th February to 29th February 2024.
 

The size of Purv Flexipack IPO is ₹40.21 cr. 

To apply for Purv Flexipack IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  Purv Flexipack IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Purv Flexipack IPO is fixed at ₹70 to ₹71 per share. 

The minimum lot size of Purv Flexipack IPO is 1600 shares and the investment required is ₹1,12,000.

The share allotment date of Purv Flexipack IPO is 1st March 2024.

The Purv Flexipack IPO will be listed on 5th March 2024.

Holani Consultants Private Limited is the book-running lead manager for Purv Flexipack IPO.

Purv Flexipack Limited plans to utilize the raised capital from the IPO to:

1.    To repay the borrowings obtained by the company from scheduled commercial banks.
2.    To fund the working capital requirements.
3.    General corporate purposes.