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Flexituff IPO is a book built issue of Rs 104.63 crores.
Flexituff IPO bidding started from September 29, 2011 and ended on October 5, 2011. The shares got listed on BSE, NSE on October 19, 2011.
Flexituff IPO price band is set at ₹145 to ₹155 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹6,200.
Collins Stewart Inga Private Limited is the book running lead manager of the Flexituff IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Flexituff IPO RHP for detailed information.
| IPO Date | September 29, 2011 to October 5, 2011 |
| Listing Date | October 19, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹145 to ₹155 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 6,750,000 shares (aggregating up to ₹104.63 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 17,212,110 |
| Share holding post issue | 21,712,110 |
Flexituff IPO offers 6,750,000 shares. 3,375,000 (50.00%) to QIB, 1,012,500 (15.00%) to NII, 2,362,500 (35.00%) to RII. 59,062 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,320 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,375,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,012,500 (15.00%) | |
| Retail Shares Offered | 2,362,500 (35.00%) | 59,062 |
| Total Shares Offered | 6,750,000 (100%) |
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹6,200 |
| Retail (Max) | 32 | 1280 | ₹198,400 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Kalani Industries Pvt Ltd (KIPL)
2. Miscellani Global Pvt Ltd (MGPL)
3. Sanovi Trading Pvt Ltd (STPL)
| Share Holding Pre Issue | 32.75% |
| Share Holding Post Issue | 25.97% |
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.
| KPI | Values |
|---|---|
| RoNW | 20.7% |
1. Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;
2. Setting up of Dripper Project at Kashipur;
3. Working capital requirements;
4. General corporate purposes;
5. To meet Issue expenses.
[Dilip Davda]
Apply for medium to long term returns.
Read detail review...The Flexituff IPO is subscribed 1.17 times on October 5, 2011 5:00:00 PM. The public issue subscribed 1.60 times in the retail category, 0.51 times in the QIB category, and 2.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.51 |
| NII | 2.35 |
| Retail | 1.60 |
| Total | 1.17 |
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Flexituff International IPO Report
| Listing Date | October 19, 2011 |
| BSE Script Code | 533638 |
| NSE Symbol | FLEXITUFF |
| ISIN | INE060J01017 |
| Final Issue Price | ₹155 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹155.00 |
| ₹155.00 |
| ₹142.00 |
| ₹185.40 |
| ₹166.40 |
| NSE |
|---|
| ₹155.00 |
| ₹156.90 |
| ₹142.00 |
| ₹187.70 |
| ₹165.55 |
Flexituff International Ltd
2nd floor, Main Building,
19, R.N. Mukherjee Road,
Kolkata 700 001, West Bengal
Phone: +91 33 40053995
Email: investors@flexituff.com
Website: http://www.flexituff.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: flexituff.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Flexituff IPO is a main-board IPO of 6,750,000 equity shares of the face value of ₹10 aggregating up to ₹104.63 Crores. The issue is priced at ₹145 to ₹155 per share. The minimum order quantity is 40 Shares.
The IPO opens on September 29, 2011, and closes on October 5, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Flexituff IPO opens on September 29, 2011 and closes on October 5, 2011.
Flexituff IPO lot size is 40 Shares, and the minimum amount required is ₹6,200.
You can apply in Flexituff IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Flexituff IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Flexituff IPO allotment status.
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