ListedSMEPURVFLEXI

Purv Flexipack Limited

Purv Flexipack Limited is an SME IPO raising ₹40 Cr at ₹70 – ₹71 a share. It listed on 5 Mar 2024 and trades at ₹38 today, −46.1% against its issue price of ₹71. The exchanges never published a subscription figure for it.

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₹71

Issue price

₹38

Price now

−46.1%

Since issue price

5 Mar 2024

Listed on

Not publishedSubscription

The exchanges never published a subscription figure for this issue.

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹70 – ₹71

Cut-off price₹71

Issue size₹40 Cr

Shares per lot1600

Minimum application₹1,13,600

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE0R6C01012

Bidding hours10:00 – 17:00 IST

Bidding window27 Feb 2024 – 29 Feb 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.