
Emerging SME Services · NSE
Purv Flexipack Limited, established in 2005, is a leading distributor of plastic products, catering to diverse industries with an extensive portfolio that includes BOPP films, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acetate, and Titanium Dioxide. The company's product range encompasses Plastic Granules, BOPP Films (HS, Matt, Glossy/Plain/Printing Grade, Tape, Textile, Pearlized), Polyester Films, and Cast Polypropylene (CPP) Films, serving the packaging needs of a broad clientele. Committed to quality and innovation, Purv Flexipack Limited operates modern warehouses with advanced inventory management systems, ensuring product integrity and efficient supply chain operations. As of December 31, 2023, the company employs a dedicated team of 28 professionals across departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Management, and Permanent Labor, reinforcing its reputation as a trusted partner in the industry.
Price Band
₹70 – ₹71
Issue Size
₹40.21 Cr
Lot Size
1600 shares
GMP
+183.1%
Est. Listing
₹201
at current GMP
Subscribed
421.85x
overall
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
2 Mar 2024
Refund
3 Mar 2024
Demat Credit
4 Mar 2024
Listing
5 Mar 2024
Designated Registrar: Link Intime India Private Limited
Allotment Date
2 Mar 2024
Basis finalization
Refunds Initiate
3 Mar 2024
Mandate release
Demat Credit
4 Mar 2024
Shares in demat
Listing Debut
5 Mar 2024
Trading begins
Purv Flexipack Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹40.21 Crores. The shares are offered at a price band of ₹70 to ₹71 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,13,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-03-04, while un-allotted funds or UPI block mandates will be released on 2024-03-03.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.