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TCS, HDFCBANK, SBI Liquid Fund (G)
Purv Flexipack Ltd.

PURVFLEXI

Equity

NSE

Min. Investment

70,000.00

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IPO Details

Bidding Dates

27 Feb 24 - 29 Feb 24

Price Range ₹

70 - 71

Total Equity

40.21Cr

Lot Size

1600

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Allotment

--

Refund initiation

--

Demat transfer

--

Offer start

27 Feb 2024

Offer end

29 Feb 2024

Listing

05 Mar 2024

About Company

Established in 2005, Purv Flexipack Limited is a prominent distributor of plastic products, offering a wide range including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. Their extensive product portfolio includes Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized BOPP, Polyester Films, and Cast Polypropylene (CPP) Films. Catering to diverse customer needs, the company provides comprehensive packaging solutions. With four warehouses dedicated to inventory management, Purv Flexipack ensures efficient storage and handling of products, equipped with modern facilities and equipment for safe and secure storage.

Year Founded

11-05-2005

Promotor Details

Rajeev Goenka

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage92.1767.29
Share Capital1411875014118750

Offer to Public

56,64,000.00 Cr

Highlights

  • Purv Flexipack Limited offers a wide range of plastic products, catering to various industries and customer needs, which can attract a diverse customer base.
  • The company provides various packaging solutions, indicating versatility and flexibility in meeting customer requirements.
  • With four warehouses equipped with modern facilities and strict inventory management systems, Purv Flexipack can ensure accurate tracking and efficient management of inventory, reducing the risk of stockouts or overstocking.
  • Maintaining warehouses under optimal conditions demonstrates the company's commitment to preserving the quality and integrity of stored products, enhancing customer satisfaction and loyalty.
  • Having 28 employees across different departments signifies a diverse skill set within the company, enabling effective operations and management across various functions.

Challenges

  • Operating in the plastic products industry likely entails facing stiff competition from other manufacturers and distributors, potentially leading to pricing pressures and challenges in market positioning.
  • Being heavily reliant on the plastic industry for its product portfolio, Purv Flexipack may face risks associated with changes in market demand, regulations, or environmental concerns related to plastic usage.
  • Managing multiple warehouses across different locations can pose logistical challenges such as transportation costs, inventory distribution, and coordination, which may impact operational efficiency and costs.
  • Compliance with regulatory requirements governing the production, storage, and distribution of plastic products can be complex and may require continuous monitoring and adaptation to changing regulations
  • Given the nature of plastic products, there may be concerns regarding the environmental impact of the company's operations, including waste management and sustainability practices, which could affect its reputation and long-term viability.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202325,853.581,411.881,153.76932.976.608
202218,146.731,411.881,153.76932.976.608
202115,417.621,411.88766.38626.734.439
202433,845.232,098.28749.16599.392.8566
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