Srivasavi Adhesive Tapes Limited

Company Profile
Company Name Srivasavi Adhesive Tapes Limited
Open Date 23-02-2023
Close Date 28-02-2023
Exchange NSE SME
Lot Size 3000 Shares
Issue Price ₹ 41 per share
Issue Size 37,80,000 Equity Shares
Application Amount ₹ 1,23,000
Recommendation Apply
Established in 2010, Company is engaged in manufacturing/ coating, converting and Die cuts of industrial Specialty self-adhesive tapes. They do customized die cutes of Films, Foams and allied products catering to various industries such as Automotive, Locomotives, Aerospace etc serves wide range of pressure sensitive adhesive tapes,  BOPP tapes, Eco Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films. Company has two business divisions (i) domestic sales; and (ii) exports. They have presence in 23 states for its domestic market and internationally they supply products in 13 countries. Company has manufacturing facilities situated at Bangalore and Gowribidanur. Srivasavi is an ISO 9001:2015 certified company certified by TUV Nord.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sept-22 Mar-22 Mar-21
Total Assets 3,051.58 2,763.65 2,263.66
Net Assets 1,224.26 1,043.53 681.41
Total Borrowings 600.60 607.08 395.03
Total Revenue 3,072.61 6,392.20 5,566.61
Profit After Tax 180.73 362.12 187.34

Tentative Timeline

Opening Date 23-02-2023
Closing Date 28-02-2023
Basis of Allotment 03-03-2023
Initiation of Refunds 06-03-2023
Credit of Shares to Demat 08-03-2023
Listing Date 09-03-2023

Objects of the Issue

Funding working capital requirements
General corporate purposes

Contact Information

Registered Office Srivasavi Adhesive Tapes Limited No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore 561 203
Phone 08023629383

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,92,000 (5.08%)
Other Shares Offered 17,94,000 (47.46%)
Retail Shares Offered 17,94,000 (47.46%)
Total Shares Offered 37,80,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.84%
Share Holding Post Issue (Promoters) 73.21%

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