Flexituff International Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,375,000 (50%) | — | ₹5,231 Cr |
| NII (HNI) | — | 1,012,500 (15%) | — | ₹1,569 Cr |
| Retail | — | 2,362,500 (35%) | — | ₹3,662 Cr |
| Σ Total | — | 6,750,000 (100%) | — | ₹104,625 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 13 | 520 | ₹80,600 |
| S-HNI (Min) | 14 | 560 | ₹86,800 |
| B-HNI (Min) | 67 | 2,680 | ₹415,400 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Expansion of manufacturing facilities at SEZ and DTA units at Pithampur – 18.93
- 2 Setting up of Dripper Project at Kashipur – 8.10
- 3 Working capital requirements – 25.00
- 4 General corporate purposes – 11.24
Company Overview
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.
Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.
Company received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years. Check out Presentation for Investors by Flexituff International.