Srivasavi Adhesive Tapes IPO

Srivasavi Adhesive Tapes IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 09-Mar-23
  • IPO Price Range ₹ 41
  • Listing Price ₹ 40
  • Listing Change -2.4%
  • Last Traded Price ₹ 124.5
  • Current Change 203.7%

Srivasavi Adhesive Tapes IPO Details

  • Open Date 23-Feb-23
  • Close Date 28-Feb-23
  • Lot Size 3000
  • IPO Size ₹ 15.50 Cr
  • IPO Price Range ₹ 41
  • Min Investment ₹ 123000
  • Listing Exchange NSE SME
  • Basis of Allotment 03-Mar-23
  • Refunds 06-Mar-23
  • Credit to Demat Account 08-Mar-23
  • Listing Date 09-Mar-23

Srivasavi Adhesive Tapes IPO Subscription Status

Date NII Retail TOTAL
23-Feb-23 0.68x 0.18x 0.43x
24-Feb-23 1.15x 0.41x 0.78x
27-Feb-23 1.46x 1.39x 1.42x
28-Feb-23 7.11x 8.27x 7.69x

Srivasavi Adhesive Tapes IPO Synopsis

Srivasavi Adhesive Tapes IPO opens on 23rd February, and closes on 28th February. The issue entails fresh issue of 3,780,000 equity shares aggregating upto Rs. 15.50 crores and market maker position size is 1,92,000 equity shares. The issue will be listed on NSE SME on 9th March while the shares for the same will be allotted on 3rd March. The lot size has been set for 3000 shares per lot while the price is set for Rs. 41 per share. The company is promoted by D N Anilkumara and Ashwini DA. Shreni Shares Pvt. Ltd. is the leading book manager for the issue. 

Objective of Srivasavi Adhesive Tapes IPO

The net proceeds from the issue will be utilised for: 

1.    Funding working capital requirements;
2.    General corporate purposes.
 

About Srivasavi Adhesive Tapes

The company is engaged in manufacturing/ coating, converting and Die cuts of industrial Specialty self-adhesive tapes. It makes custom die cutes of Films, Foams and allied products catering to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.

It also serves wide range of pressure sensitive adhesive tapes, BOPP tapes, Eco Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.

The company also manufactures products for third party customers as per their requirements. The raw materials for the manufacturing are either procured locally or imported from suppliers who have quality products, price, reliability, delivery time and credit terms. 

The raw materials are majorly procured from domestic states such as Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, West Bengal, Jharkhand, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana and Andhra Pradesh and in the international markets the raw materials are procured from America, China, Hong Kong, Italy, Korea, Malaysia, Norway, Singapore, Taiwan, Catawba, Spain, Taiwan and UAE.

The company has presence in 23 states for its domestic sales and internationally, it supplies to Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE. 

Check out web-stories on Srivasavi Adhesive Tapes IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 63.43 55.26 46.00
EBITDA 5.95 3.39 2.84
PAT 3.62 1.87 1.01
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 27.63 22.64 20.39
Share Capital 1.25 1.25 1.25
Total Borrowings 6.07 3.95 5.73
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities -2.0 5.0 2.8
Net cash from / (used in) investing activities -1.3 -1.7 -0.6
Net cash flow from / (used in) financing activities 1.8 -2.0 -1.8
Net increase (decrease) in cash and cash equivalents -1.6 1.3 0.3

Peer Comparison

There are no listed Companies in India which are focused exclusively on the segment in which it operates and are comparable according to its size of financials and product portfolio.


Srivasavi Adhesive Tapes IPO Key Points

  • Strengths

    •    Wide range of product portfolio
    •    Having customers from across industries and geographies
    •    The company has been accredited with ISO 9001:2015 certified company certified by TUV Nord for Design and Manufacture of Speciality Self Adhesive Tapes & Die Cut
     

  • Risks

    •    Inadequate or interrupted supply and price fluctuation of raw material
    •    There are outstanding legal proceedings involving the company, promoter, directors and group companies.
    •    It has only its manufacturing facilities in only one location, thus can calamities in the regions can disrupt the operations
    •    The company is dependent on third party for its delivery of products
    •    It manufactures products on order basis and does not enter into long-term contracts with most of its customers.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • 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

  • Approve the mandate request on your UPI and funds will be blocked

Srivasavi Adhesive Tapes IPO FAQs

What is the price band of the Srivasavi Adhesive Tapes IPO?

The price for the Srivasavi Adhesive Tapes IPO is set at Rs. 41 per share.

When does the Srivasavi Adhesive Tapes IPO issue open and close?

The Srivasavi Adhesive Tapes IPO opens on 23rd February and closes on 28th February.

What is the size of Srivasavi Adhesive Tapes IPO issue?

The Srivasavi Adhesive Tapes IPO comprises of fresh issuance of 3,780,000 equity shares aggregating upto ₹15.50 Cr.

What is the lot size and investment required for the Srivasavi Adhesive Tapes IPO?

The Srivasavi Adhesive Tapes IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).

What is the allotment date of Srivasavi Adhesive Tapes IPO?

The allotment date of  Srivasavi Adhesive Tapes IPO is set for 3rd March

What is the Srivasavi Adhesive Tapes IPO’s listing date?

The  Srivasavi Adhesive Tapes IPO will be listed on 9th March.

What is the objective of the Srivasavi Adhesive Tapes IPO?

The net proceeds from the  Srivasavi Adhesive Tapes IPO will be used for: 

•    Funding working capital requirements of the company
•    General corporate purposes
 

How to apply for the Srivasavi Adhesive Tapes IPO?

To apply for the 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 price at which you wish to apply for
•    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
 

Who are the book runners for Srivasavi Adhesive Tapes IPO?

Shreni Shares Private Limited is the book running lead managers to the issue.

Who are the promoters/key personnels of Srivasavi Adhesive Tapes IPO?

Srivasavi Adhesive Tapes IPO is promoted by D N Anilkumara and Ashwini DA.

Contact Details of Srivasavi Adhesive Tapes IPO

Contact Information

Srivasavi Adhesive Tapes Limited

No. B 100, KSSIDC Industrial Estate,
Doddaballapura,
Bangalore 561 203
Phone: 08023629383
Email: investors@vasavitapes.com
Website: http://www.vasavitapes.com/

Srivasavi Adhesive Tapes IPO Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Srivasavi Adhesive Tapes IPO Lead Manager

SHRENI SHARES PRIVATE LIMITED