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
- Domestic sales: Company have presence in 23 states for its domestic market
- 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:
- Funding working capital requirements.
- General Corporate Purpose.
Financial Highlights (Restated Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1224 | 1044 | 681 | 494 |
| Total Assets | 3052 | 2763 | 2264 | 2039 |
| Total Borrowings | 600 | 607 | 395 | 573 |
| Total Revenue | 3073 | 6392 | 5567 | 4634 |
| Profit After Tax | 181 | 362 | 187 | 101 |
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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 41 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 3,780,000 shares of ₹ 10 (Aggregating up to ₹ 15.50 Crore) |
| Fresh Issue | 3,780,000 shares of ₹ 10 (Aggregating up to ₹ 15.50 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| Company Promoters | 1. 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 Date | February 23, 2023 |
| Closing Date | February 28, 2023 |
| Basis of Allotment | March 3, 2023 |
| Initiation of Refunds | March 6, 2023 |
| Credit of shares to Demat A/c | March 8, 2023 |
| Listing Date | March 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 123,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 123,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 246,000 |
Promoters Holdings – Srivasavi Adhesive Tapes IPO
| Pre-issue Shares Holdings | 99.84% |
| Post-issue Shares Holdings | 73.21% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO RHP |
| Company Contact Information | Srivasavi Adhesive Tapes Limited No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore 561 203 Phone: 08023629383 Email: [email protected] Website: http://www.vasavitapes.com/ |
| IPO Registrar | Bigshare 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
What is the Srivasavi Adhesive Tapes IPO price?
The Srivasavi Adhesive Tapes IPO price is ₹ 41 per share.
What will be the Srivasavi Adhesive Tapes IPO lot size?
One lot of the Srivasavi Adhesive Tapes IPO contains 3,000 shares of ₹ 123,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Srivasavi Adhesive Tapes IPO allotment be available?
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.
When will Srivasavi Adhesive Tapes IPO list on exchanges?
The Srivasavi Adhesive Tapes IPO shares listing date is March 9, 2023.
How many shares in the Srivasavi Adhesive Tapes IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
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