
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
Overall Subscription
421.85x
Total Demand
QIB Multiplier
157.32x
Institutions & Funds
NII / HNI
691.13x
High Net-Worth
Retail (RII)
448.69x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,052,800 | 165,622,400 | 157.32x |
| NIB | 844,800 | 583,867,200 | 691.13x |
| RETAIL | 1,900,800 | 852,864,000 | 448.69x |
| Total | 3,798,400 | 1,602,353,600 | 421.85x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,239 | 555,927 | 448.69x |
| HNIs (10L +) | 8 | 5,529 | 691.13x |
| HNIs (2-10L) | 38 | 26,263 | 691.13x |
| Total Applications | 1,285 | 587,719 | 457.37x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Purv Flexipack Limited IPO is ₹130 per equity share. Based on the upper price band of ₹70 to ₹71 per equity share, the estimated listing price is ₹201 (+183.1% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹130, the expected profit per application lot is approx ₹2,08,000 (+183.1% gain). Minimum application cost is approx ₹1,13,600.
The Purv Flexipack Limited IPO aggregate issue size is ₹40.21 Crores with an equity price band set at ₹70 to ₹71 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,13,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 421.85x (Retail: 448.69x, QIB: 157.32x, NII: 691.13x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2024-03-02. Investors can verify status using PAN card or application number.
Purv Flexipack Limited shares are scheduled to list on NSE on 2024-03-05.