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Srivasavi Adhesive Tapes IPO GMP, Price, Dates & Allotment Details 2023

Srivasavi Adhesive Tapes IPO GMP, Price, Dates & Allotment Details 2023

Srivasavi Adhesive Tapes IPO will open on February 23 and close on February 28, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 15.50 crore through this public offering, consisting of 3,780,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 41 per share.

The company was incorporated in 2010. Srivasavi Adhesive Tapes Limited is an ISO 9001:2015 certified company certified by TUV Nord and engaged in manufacturing/coating, converting, and die cuts of industrial Specialty self-adhesive tapes. The company also does custom die cutes of Films, Foams, and allied products catering to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food, Textiles & Leather Industries serves wide range of pressure sensitive adhesive tapes, , BOPP tapes, Eco Friendly paper Tapes, Filament tapes, Double Sided tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.

Company has two business divisions 

  1. Domestic sales: Company have presence in 23 states for its domestic market
  2. Exports: Supply products in 13 countries.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Funding working capital requirements.
  2. General Corporate Purpose.

Financial Highlights (Restated Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth12241044681494
Total Assets3052276322642039
Total Borrowings600607395573
Total Revenue3073639255674634
Profit After Tax181362187101
(Amount in ₹ Lakhs)

Srivasavi Adhesive Tapes IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 3,780,000 shares of face value of ₹ 10 each, aggregating up to ₹ 15.50 crore.

Issue TypeFixed Price Issue IPO
IPO Price₹ 41 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size3,780,000 shares of ₹ 10  (Aggregating up to ₹ 15.50 Crore)
Fresh Issue3,780,000 shares of ₹ 10  (Aggregating up to ₹ 15.50 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtNSE SME
Company Promoters1. D N Anilkumara 
2. Ashwini DA

GMP – Srivasavi Adhesive Tapes IPO

Srivasavi Adhesive Tapes IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Srivasavi Adhesive Tapes IPO

Srivasavi Adhesive Tapes IPO opens on February 23 and closes on February 28, 2023.

Opening DateFebruary 23, 2023
Closing DateFebruary 28, 2023
Basis of AllotmentMarch 3, 2023
Initiation of RefundsMarch 6, 2023
Credit of shares to Demat A/cMarch 8, 2023
Listing DateMarch 9, 2023

Lot Size – Srivasavi Adhesive IPO

The lot size of the Srivasavi Adhesive Tapes IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of  ₹ 123,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 123,000
Retail (Maximum)13,000₹ 123,000
HNI (Minimum)26,000₹ 246,000

Promoters Holdings – Srivasavi Adhesive Tapes IPO

Pre-issue Shares Holdings99.84%
Post-issue Shares Holdings73.21%

Miscellaneous Information

Download Prospectus (PDF)IPO RHP
Company Contact InformationSrivasavi Adhesive Tapes Limited
No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore 561 203
Phone: 08023629383
Email: [email protected]
Website: http://www.vasavitapes.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)SHRENI SHARES PRIVATE LIMITED 

FAQ’s

The Srivasavi Adhesive Tapes IPO price is ₹ 41 per share.

One lot of the Srivasavi Adhesive Tapes IPO contains 3,000 shares of ₹ 123,000.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Srivasavi Adhesive Tapes IPO will be done on March 3, 2023, and the allotted shares will be credited to your demat account by March 8, 2023. Check the Srivasavi Adhesive Tapes IPO allotment status.

The Srivasavi Adhesive Tapes IPO shares listing date is March 9, 2023.

The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.

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