Incorporated in 2005, Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide.
The product portfolio of the company comprises Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films
The company provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking.
As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment of existing borrowings availed by the company from scheduled commercial banks. | — |
| Funding working capital requirements; and | — |
| General corporate purposes. | — |
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 28,316 | 25,853 | 18,147 |
| Revenue | 13,936 | 34,108 | 22,944 |
| PAT | 430 | 826 | 627 |
| Net Worth | 8,152 | 7,619 | 6,793 |
| Reserves | 6,741 | 6,207 | 5,381 |
| Total Borrowing | 15,014 | 12,351 | 8,340 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,569,600 (45%) | — |
| NII / HNI | — | 844,800 (15%) | — |
| Retail (RII) | — | 1,900,800 (34%) | — |
| Market Maker | — | 348,800 (6%) | — |
| Total | — | 5,664,000 (100%) | — |
* Amount calculated at upper price band (₹71) · ** Total includes all investor categories
- Retail allocation is good at 34% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 45%.
- The IPO P/E of 17x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹4 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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