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Purv Flexipack IPO
Price Band
₹70.0–71.0
Issue Size
₹40.21 Cr
Lot Size
1,600 shares
Min Investment
₹113,600
GMP
+₹130.0 (183.1%)
Issue Price
₹71.0
Subject to Sauda
₹158100
Paid only if allotted
Purv Flexipack IPO AI Summary
- Purv Flexipack IPO is listed on NSE SME in the Packaging sector.
- Price band: ₹70.0–₹71.0 per share, lot size 1,600 shares (min. investment ₹113,600).
- Subscription window: 27 Feb–29 Feb 2024, listing on 05 Mar 2024.
- Current GMP is +₹130.0 (183.1%), an estimated listing price of ₹201 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Purv Flexipack IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Purv Flexipack IPO Grey Market Premium (GMP) Today
GMP
+₹130.0
GMP %
+183.1%
Est. Listing
₹201.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 2005, Purv Flexipack Limited distributes plastic products, including BOPP film, Polyester Films, CPP films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The product portfolio of the company comprises Plastic Granules, Biaxially oriented polypropylene (BOPP) Films, HS BOPP, Matt BOPP, Glossy / Plain / Printing Grade BOPP, Tape and Textile BOPP, Pearlized, BOPP, Polyester Films, Cast Polypropylene (CPP) Films The company provides various packaging solutions for a diverse customer base. They have four warehouses for storing and managing inventory. The warehouse is equipped with modern facilities and equipment to ensure safe and secure storage of products. It is maintained under optimal conditions to preserve the quality and integrity of the stored items. Also, the company has implemented strict inventory management systems to ensure accurate inventory tracking. As of December 31, 2023, the company has 28 employees in various departments including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 283.16 | 258.53 | 181.47 | 154.18 |
| Total Income | 139.36 | 341.08 | 229.44 | 137.80 |
| Profit After Tax | 4.30 | 8.26 | 6.27 | 5.68 |
| NET Worth | 81.52 | 76.19 | 67.93 | 58.98 |
| Reserves and Surplus | 67.41 | 62.07 | 53.81 | 44.86 |
| Total Borrowing | 150.14 | 123.51 | 83.40 | 70.78 |
Key Ratios
EPS
₹5.39
NAV
₹53.97
ROE
11.46%
ROCE
18.50%
RoNW
10.84%
P/B Value
1.32
P/E Ratio
13.17
Market Cap
₹148.98 Cr
PAT Margin
2.48%
Debt/Equity
1.62
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sah Polymers Limited | 33.95 | 4.29% | 54.95 | 2.1 | 2.1 |
| Purv Flexipack Limited This IPO | 53.97 | 10.84% | 13.17 | 5.85 | 5.85 |
Promoters
Rajeev Goenka, Poonam Goenka and Purv Logistics Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of existing borrowings availed by our company from scheduled commercial banks. 19.87 2 Funding the working Capital Requirements 13.89 3 General corporate purposes* 3.02 Total 36.78
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹137.80 Cr in the period ending 31 Mar 2021, rising to ₹229.44 Cr by 31 Mar 2022, and further increasing to ₹341.08 Cr by 31 Mar 2023. However, for the most recent period ending 30 Sep 2023, total income is reported at ₹139.36 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹5.68 Cr in the period ending 31 Mar 2021, increasing to ₹6.27 Cr by 31 Mar 2022, and reaching ₹8.26 Cr by 31 Mar 2023. In the most recent period ending 30 Sep 2023, Profit After Tax is reported at ₹4.30 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Purv Flexipack Limited's P/E ratio at the issue price is 13.17, priced at roughly 13.17 trailing earnings, versus peers trading at a P/E of 54.95.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much a stock might list for on its debut day. It reflects the demand for the shares in the grey market, which operates outside of the regulated stock exchanges.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, market conditions, and the company's fundamentals.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings and are risk-averse may want to avoid investing in IPOs like this, which can be subject to market fluctuations.
IPO Timeline, Explained
The IPO will open for subscription on February 27, 2024, and close on February 29, 2024. Allotment will be finalized by March 1, 2024, with shares expected to list on March 5, 2024.
Listing Gains — The Risk
While many investors hope for listing gains on the first day of trading, it is important to note that these gains are not guaranteed. The stock's performance on listing day can be influenced by various factors, including market sentiment and overall demand for the shares.
This evaluation is generated from Purv Flexipack's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Purv Flexipack IPO GMP today?
Purv Flexipack IPO GMP today is +₹130.0 (183.1%), indicating an estimated listing price of ₹201. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Purv Flexipack IPO?
The price band of Purv Flexipack IPO is ₹70.0–₹71.0 per share.
When does Purv Flexipack IPO open and close?
Purv Flexipack IPO opens on 27 February 2024 and closes on 29 February 2024.
When does Purv Flexipack IPO list on the stock exchange?
Purv Flexipack IPO listed on 05 March 2024 at ₹201.0.
What is the lot size for Purv Flexipack IPO?
The lot size for Purv Flexipack IPO is 1600 shares, requiring a minimum investment of ₹113,600.
What is the price band for the IPO?
The price band for the IPO is ₹70.0 to ₹71.0.
What is the minimum investment required?
The minimum investment required is ₹113,600.
When does the IPO open and close?
The IPO opens on February 27, 2024, and closes on February 29, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand in the grey market.
When will the shares be listed?
The shares are expected to be listed on March 5, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Feb 2024
Close
29 Feb 2024
Allotment
01 Mar 2024
Listing
05 Mar 2024
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