Purv Flexipack IPO

Founded in 2005, Purv Flexipack Limited has emerged as a reputable distributor of various plastic products, offering a wide range including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. Diverse Product Portfolio Purv Flexipack's product portfolio encompasses 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.

Comprehensive Packaging Solutions The company prides itself on providing diverse packaging solutions, catering to a wide customer base. With four well-equipped warehouses, Purv Flexipack ensures secure and optimal storage conditions for its products. The implementation of stringent inventory management systems further assures accurate tracking. Objects of the Issue The company aims to utilize the net proceeds from the IPO for the following objectives:

1. Repayment of Existing Borrowings: Clearing existing borrowings obtained from scheduled commercial banks.

2. Working Capital Funding: Allocating funds to meet the company's working capital requirements.

3. General Corporate Purposes: Utilizing funds for general corporate needs.
   

Purv Flexipack IPO Details

• Issue Period: 27th to 29th Feb 2024

• Price Band: ₹70 to ₹71 per share

• Lot Size: 1,600 Shares

• Amount Per Lot: ₹1,13,600

• Total Issue Size: ₹40.21 Crs

• Listing: NSE SME

• Grey Market Premium (GMP): +150% (for informational purposes only)

Allotment Link

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