Purv Flexipack IPO: All You Need to Know

By Sagar
5 Min Read

Purv Flexipack is a company that manufactures packaging materials. Purv Flexipack is selling its shares to the public for the first time. Most people are interested in buying these shares before they become officially available. The sale of these shares will start on 27th February and will end on 29th February. We will give you all the necessary information related to Purv Flexipack IPO in this entire article, so you stay with this article till the end.

Purv Flexipack IPO Details

If you also want to invest in an IPO, then this is useful news for you because this company has brought its IPO. Purv Flexipack Company is engaged in the distribution of plastic-based products and is acting as DCA and DOPW for the Polymer Division of Indian Oil Corp. This IPO will close from February 27, 2024 to February 29, 2024. This means investors can place bets. In this IPO till 29th February.

IPO Close Date Thursday, 29 February 2024
IPO Open Date Tuesday, 27 February 2024
Price Band ₹70 to ₹71 per share
Fresh Issue 5,664,000 shares
Lot Size 1600 shares
Basis of Allotment Friday, March 1, 2024
Face Value ₹10 per share
Listing Date Tuesday, March 5, 2024
Issue Type Book Built Issue IPO
Listing At NSE, SME

Purv Flexipack Band and Lot Size

The price band for Purv Flexipack IPO is set at ₹70 to ₹71 per share and the lot size is 1600 shares. This means investors can bid for a minimum of 1600 shares and multiples thereof. Investors will have to invest a minimum of Rs 113,600 in the Pre-Flexipak IPO and the minimum lot size investment for HNIs is two lots. The company wants to raise approximately Rs 40.21 crore through the former Flexipack IPO.

Purv Flexipack IPO Allotment

Purv Flexipack IPO allotment is the process of allocating shares to eligible applicants who have applied for the IPO. Shares will be allotted to investors who placed stakes in the pre-Flexipak IPO on Friday, March 1, 2024. You can check the allotment status on the Registrar’s website by entering your application number or PAN number. The former Flexipak IPO is a book-built issue of Rs 40.21 crore.

Purv Flexipack IPO Listing

Purv Flexipack is going to sell some of its shares to the public on March 5, 2024. This IPO will be listed on the SME platform of the National Stock Exchange (NSE). The people who started the company are Rajeev, Poonam and Purva. 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Purv Flexipack IPO GMP

Investor Gain reports that the previous Flexipak IPO is trading at a premium of Rs 125 in the unofficial market today. This shows that investors can potentially make a profit of 176.06% on the opening day. As a result, the initial listing of Flexipak IPO could be at Rs 196.

Conclusion

Purv Flexipack IPO is a book-built issue of Rs 40.21 crore. purv Flexi pack limited. The former Flexipak IPO opened for subscription on February 27, 2024 and will close on Thursday, February 29, 2024. The issue price band was fixed at ₹70 to ₹71 per share and the minimum lot size was two. Purv Flexipack Company is primarily engaged in the distribution of various plastic-based products. In this entire article, we have given you all the necessary information related to Purv Flexipack IPO. Thank you for staying till the end.

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