Purv Flexipack IPO consists of a fresh issue of 56,64,000 shares. The company seeks funds for repaying bank loans, funding working capital, and general corporate purposes.
Purv Flexipack IPO – Important Details
| Purv Flexipack IPO Date | February 27, 2024 to February 29, 2024 |
| Purv Flexipack IPO Listing Date | March 5, 2024 |
| Purv Flexipack IPO Price | INR 70 to 71 per share |
| Purv Flexipack IPO Lot Size | 1600 Shares |
| Purv Flexipack IPO Total Issue Size | INR 40.21 Cr |
| Purv Flexipack IPO Basis of Allotment | March 1, 2024 |
| Purv Flexipack IPO Initiation of Refunds | March 4, 2024 |
| Purv Flexipack IPO Credit of Shares to Demat | March 4, 2024 |
| Purv Flexipack IPO Issue Type | Book Built Issue |
| Purv Flexipack IPO Listing At | NSE SME |
Purv Flexipack IPO – Company Profile
Purv Flexipack distributes plastic-based products like BOPP, Polyester Films, and more. It also serves as a Del Credere Associate for Indian Oil Corporation Limited, focusing on polymer distribution.
In addition to its plastic product distribution, Purv Flexipack has Cool Caps Industries Limited, an SME-listed subsidiary, and four wholly owned step-down subsidiaries: Purv Technoplast, Purv Packaging, Purv Ecoplast, and Re.act Waste Tech.
Their company provides diverse packaging solutions and manages its warehouse with modern facilities for safe product storage. They uphold stringent inventory management to maintain product quality and track inventory levels accurately.
Purv Flexipack Ltd IPO – Fundamental Analysis
Purv Flexipack demonstrates robust revenue and profit growth alongside improving RoNW and EPS. Expanding assets and liabilities present potential investment opportunities pending thorough analysis.
Revenue Growth:
The company has shown impressive revenue growth over the three years, from ₹13,303.75 lakhs in 2021 to ₹33,317.44 lakhs in 2023, indicating strong sales performance.
Profitability:
Profit and Loss After Tax (PAT) have also increased steadily, from ₹567.50 lakhs in 2021 to ₹826.13 lakhs in 2023, reflecting growing profitability.
Expenses:
Expenses have risen in line with revenue, which is expected as the company scales up its operations. However, it’s crucial to ensure that the growth in expenses is sustainable and doesn’t outpace revenue growth.
Return on Net Worth (RoNW):
RoNW has seen a modest improvement from 9.62% in 2021 to 10.84% in 2023. While positive, investors may seek higher returns in comparison to peers.
Earnings Per Share (EPS):
Diluted EPS has shown consistent growth, from ₹4.02 in 2021 to ₹5.85 in 2023, indicating increasing profitability per share.
Net Asset Value (NAV) per Equity Share:
NAV per Equity Share has also increased steadily over the years, which suggests a growth in the company’s intrinsic value.
Total Assets and Liabilities:
Both total assets and liabilities have increased, indicating expansion. However, it’s important to assess the company’s leverage ratio and debt management strategies.
Purv Flexipack IPO Financial Information
| Particular | As of 31 March 2021 | As of 31 March 2022 | As of 31 March 2023 |
| Revenue (₹ in lakhs) | 13,303.75 | 22,237.34 | 33,317.44 |
| Equity (₹ in lakhs) | 5,898.36 | 6,793.09 | 7,619.22 |
| Expenses (₹ in lakhs) | 12,963.74 | 21,989.86 | 32,622.66 |
| Profit and Loss After Tax (₹ in lakhs) | 567.50 | 626.73 | 826.13 |
| RoNW (%) | 9.62 | 9.23 | 10.84 |
| Diluted EPS only (₹) | 4.02 | 4.44 | 5.85 |
| NAV per Equity Share (₹) | 41.78 | 48.11 | 53.97 |
| Total Assets (in lakhs) | 15,417.62 | 18,146.73 | 25,852.83 |
| Total Liabilities (in lakhs) | 9,519.26 | 11,623.64 | 18,233.61 |
Purv Flexipack Limited IPO Peer Comparison
Purv Flexipack Limited, with a strong RoNW of 10.84% and EPS of ₹5.85, showcases robust fundamentals compared to Sah Polymers Limited. Despite higher revenue, Purv Flexipack offers competitive returns and higher NAV per Equity Share.
| Company | Total Revenue (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio (Times) | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Purv Flexipack Limited | 33,317.44 | 10 | NA | 5.85 | 10.84 | 53.97 |
| Sah Polymers Limited | 9,539.92 | 10 | 54.95 | 2.10 | 4.29 | 33.95 |
Purv Flexipack Ltd IPO Objective
The main objective of Purv Flexipack is to repay bank borrowings and fund working capital for the company’s needs.
- Repayment of certain existing fund-based borrowings in whole or in part availed by the company from scheduled commercial banks: The company proposes to utilize an estimated amount of up to INR 19.87 crores from the Net Proceeds towards repayment of certain existing fund-based borrowings, fully or partially, availed by the company from scheduled commercial banks.
- Funding working capital requirements of the company: The company proposes to utilize INR 20 crores towards funding its working capital requirement, aiming for expanded operations; DCA seeks substantial working capital to fund receivables and inventory, currently financed through internal accruals and external sources.
- General corporate purposes: The Company plans to deploy the balance funds towards the general corporate goals, including strategic initiatives, brand-building exercises, funding growth opportunities, and ongoing general corporate exigencies.
Purv Flexipack IPO Risks And Challenges
Purv Flexipack risk includes supplier failures impacting customer loss, volatility in supply and pricing, extensive working capital needs leading to inventory mismanagement, and potential adverse effects of government regulations on plastic usage.
- The company sources products domestically or through imports, but the supplier needs to improve in delivering required quantities or meeting quality standards, which could impact business, leading to customer loss. Volatility in supply and pricing due to various factors adds uncertainty.
- The company’s extensive working capital requirements demand precise inventory management. Misjudging demand could lead to shortages or excess, impacting income and cash flow. Expansion may heighten financial risks.
- Government regulations like Plastic Waste Management Rules, 2016, and Extended Producer Responsibility may impact the company. Future legislation against plastic or stricter regulations could adversely affect business operations.
Purv Flexipack Limited IPO – Industry & Market Potential
The global flexible packaging market is projected to reach $102.8 billion by 2031, driven by its versatility and cost-effectiveness. It uses plastics like polyethylene and polypropylene to provide efficient packaging solutions across various industries.
The packaging film market is expected to witness a CAGR of 6% over the forecast period. The disposable income of consumers, urbanization, and the demand for packaged food are the factors attributed to the growth of the market in emerging countries.
The Indian ethyl acetate market, valued at $432.0 million in 2021, is expected to reach $824.4 million by 2031, with a 6.7% CAGR. Widely used across industries as a solvent, its demand is driven by pharmaceuticals, paints, coatings, and printing inks.
Purv Flexipack Ltd IPO – Type of Offer
Purv Flexipack will have a fresh issue of 56,64,000 shares. The company seeks funds for repaying bank loans, funding working capital, and general corporate purposes.
Purv Flexipack Limited IPO Offer Size
Purv Flexipack IPO consists of a fresh issue of 56,64,000 shares. The company seeks funds for repaying bank loans, funding working capital, and general corporate purposes.
Purv Flexipack Limited IPO Allotment Structure
Purv Flexipack Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 3,48,800 shares for Market Makers.
· Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
· Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
· Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 3,48,800 shares for this purpose.
How to apply for a Purv Flexipack IPO through Alice Blue?
To apply for the Purv Flexipack IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Purv Flexipack IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Purv Flexipack IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Purv Flexipack IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log into your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Purv Flexipack IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Purv Flexipack IPO.
Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Purv Flexipack IPO:
● Registrar’s Website: Visit the website of Link Intime India Private Limited , the registrar of the Purv Flexipack IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Purv Flexipack Limited IPO Offer Registrar
The registrar for the Purv Flexipack Limited IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai-400083, Maharashtra, India
Tel: +91 22 49186200
Fax: +91 – 022-4918 6195
Website: www.linkintime.co.in
Email: [email protected]
Purv Flexipack IPO FAQs
The allotment date of Purv Flexipack IPO is March 1, 2024.
The price brand of the company is INR 70 to 71 per share.
Purv Flexipack IPO consists of a fresh issue of 56,64,000 shares. The company seeks funds for repaying bank loans, funding working capital, and general corporate purposes.
The listing date of the Purv Flexipack IPO is March 5, 2024.
