Purv Flexipack Limited

Company Profile
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/

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

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