News: Purv Flexipack, a leading name in the packaging industry, has recently announced its Initial Public Offering (IPO). This news has stirred up the market, and investors are keen to know more about it. In this article, we will delve into the details of the Purv Flexipack IPO, including its Grey Market Premium (GMP) price, allotment date, price range, and more.
Purv Flexipack IPO: An Overview
Purv Flexipack is renowned for its innovative packaging solutions. The company’s decision to go public has piqued the interest of investors across the country. The IPO is expected to bolster the company’s growth and expansion plans.
IPO Details:
- Issue Size: The IPO is worth Rs 40.21 crores.
- Fresh Issue: All 56.64 lakh shares are fresh issues (meaning new shares).
- Subscription Dates: The IPO opens for subscription on February 27, 2024, and closes on February 29, 2024.
- Allotment Date: The allotment is expected to be finalized on Friday, March 1, 2024.
- Listing Date: Purv Flexipack IPO will list on NSE SME with a tentative listing date set for Tuesday, March 5, 2024.
Price Band and Lot Size:
- The price band for each share is set at ₹70 to ₹71.
- The minimum lot size for an application is 1600 shares.
- Retail investors need a minimum investment of ₹113,600.
Who’s Behind It?
The promoters of Purv Flexipack Limited are Mr. Rajeev Goenka, Mrs. Poonam Goenka, and M/s Purv Logistics Private Limited.
Grey Market Premium (GMP) and Subscription Status
1. The GMP (Grey Market Premium) for Purv Flexipack IPO is currently ₹135 in the unlisted market.
2. The issue has already been fully subscribed on the very first day! As of 2:40 PM, it was subscribed 28.05 times.
3. Retail investors showed great interest, subscribing 51.68 times, and non-institutional buyers also participated, subscribing 23.87 times.
What Makes Purv Flexipack Stand Out?
What sets Purv Flexipack apart is its commitment to innovation and quality. The company continually invests in research and development to come up with cutting-edge packaging solutions. Moreover, it adheres to stringent quality standards, ensuring that its products are reliable and durable.
Purv Flexipack’s Offerings
Purv Flexipack offers a wide range of packaging solutions, catering to various industries. Whether it’s food packaging, pharmaceutical packaging, or industrial packaging, Purv Flexipack has got it all covered.
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Review Details
Investors look forward to the review details of an IPO to make an informed decision. The review details of the Purv Flexipack IPO will be available once the IPO is officially launched.
Frequently Asked Questions
What is the GMP price of the Purv Flexipack IPO?
The GMP price of the Purv Flexipack IPO is not disclosed yet. Investors are advised to stay updated with the latest news.
When is the allotment date of the Purv Flexipack IPO?
The allotment date of the Purv Flexipack IPO is yet to be announced. Keep an eye on the updates for the latest information.
What is the price range of the Purv Flexipack IPO?
The price range of the Purv Flexipack IPO will be announced soon. Stay tuned for the updates.
Where can be found the review details of the Purv Flexipack IPO?
The review details of the Purv Flexipack IPO will be available once the IPO is officially launched.
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