Purv Flexipack Limited IPO Closed

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IPO date 27 Feb 2024 – 29 Feb 2024
Listing date 05 Mar 2024
Price range 70 – 71
Minimum order quantity 1600
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Purv Flexipack Limited is launching its IPO. The IPO opens for subscription on 27th February and will close on 29th February 2024.

Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing.

What does Purv Flexipack Limited do?

Incorporated in 2005 in Kolkata, Purv Flexipack Limited is involved in distributing plastic-based products, including Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, and other materials such as Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acetate, and Titanium Dioxide.

Serving as a Del Credere Associate (DCA) and Dealer Operated Polymer Warehouse (DOPW) for Indian Oil Corporation Limited’s polymer division, it is part of the plastic materials distribution network.

The company operates four warehouses for inventory storage and management, equipped with modern facilities and equipment to ensure product safety and security. These warehouses are maintained under conditions that aim to preserve product quality and integrity.

Schedule/Timeline of Purv Flexipack Limited IPO

Issue Period 27th February to 29th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment March 01, 2024
Initiation of Refunds March 04, 2024
Credit of Shares March 04, 2024
Date of Listing March 05, 2024
Mandate end date March 15, 2024
Anchor Investors Lock-In End Date (50% of the investment) April 01, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 30, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Purv Flexipack Limited IPO?

You can apply for the Purv Flexipack Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Purv Flexipack Limited IPO?

You can check the allotment status for the Purv Flexipack Limited IPO on the website of the Registrar and Transfer agent.