Purv Flexipack Limited

Company Name	Purv Flexipack Limited
Open Date	27-02-2024
Close Date	29-02-2024
Exchange	NSE SME
Lot Size	1600 Shares
Issue Price	₹70 to ₹71 per share
Issue Size	56,64,000 shares
Application Amount	₹1,13,600
Recommendation	Apply

Purv Flexipack Limited was originally incorporated in the year 2005 and has its registered office in Kolkata, West Bengal, India. The company is primarily engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. In addition, the company is a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) of Indian Oil Corporation Limited for their polymer division. As of December 31st, 2023, the Company had 28 employees on its payroll.

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Financial Summary in Lakhs

For the Period Ended	Mar-21	Mar-22	Mar-23	Dec-23
Total Assets	15,417.6	18,146.7	25,852.83	28,315.6
Net Assets	5,898.36	6,793.09	7,619.22	8,152.42
Total Borrowings	7,077.77	8,340.10	12,350.98	15,013.9
Total Revenue	13,780.2	22,943.8	34,107.83	13,935.7
Profit After Tax	567.50	626.73	826.13	430.13

Tentative Timeline

Opening Date	27-02-2024
Closing Date	29-02-2024
Basis of Allotment	01-03-2024
Initiation of Refunds	04-03-2024
Credit of Shares to Demat	04-03-2024
Listing Date	05-03-2024

Objects of the Issue

Repayment of existing borrowings availed by the company from scheduled commercial banks.

Funding Working Capital Requirement.

General corporate purposes.

Contact Information

Registered Office	Purv Flexipack Limited Annapurna Apartment, Suit 1C C, 1st Floor, 23 Sarat Bose Road, Kolkata-700020
Phone	+91 33 4070 3238
Email	cs@purvflexipack.in
Website	https://www.purvflexipack.in/

Offer Documents

Purv Flexipack IPO DRHP

Purv Flexipack IPO RHP

Registrar Details

Name	Link Intime India Private Ltd
Phone	+91-22-4918 6270
Email	braceport.ipo@linkintime.co.in
Website	https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Share Holding Pre Issue (Promoters)	92.17%
Share Holding Post Issue (Promoters)	67.29%

Shareholding Pattern

QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue