IPO Details
Bidding Dates
23 Feb '23 - 28 Feb '23
Minimum Investment
₹123,000 / 1 Lots ( 3000 Shares )
Price Range
₹41
Maximum Investment
₹123,000 / 1 Lots ( 3000 Shares )
Retail Discount
To be announced
Issue Size
₹15.50 crore
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 23, 2023
IPO Closing Date
Feb 28, 2023
IPO Allotment Date
Mar 3, 2023
Initiation of Refunds
Mar 6, 2023
Credit of Shares to Demat Account
Mar 8, 2023
Listing Date
Mar 9, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Feb 23, 2023 |
0.68 | 0.18 | 0.43 |
Day 2Feb 24, 2023 |
1.15 | 0.41 | 0.78 |
Day 3Feb 27, 2023 |
1.46 | 1.39 | 1.42 |
Day 4Feb 28, 2023 |
7.11 | 8.27 | 7.69 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 7.11 |
| Retail Investors | 8.27 |
| Total | 7.69 |
About Company
The company manufactures (coating and converting) die cuts of industrial speciality self-adhesive tapes. They have specialised in producing die cuts of films, foams and allied products used across industries - automotive, locomotive, aerospace, defence, electrical and electronics, renewable industries and others.
They have two business divisions. One caters to the domestic market. They have a presence in twenty-three Indian states. The export division takes care of marketing and sales in the international markets where it exports to thirteen countries.
Srivasavi Adhesive Tapes Ltd. IPO Objective
- The company proposes to utilise the funds from the fresh issue IPO to meet working capital requirements and fund general corporate purposes.
Why should you invest in the Srivasavi Adhesive Tapes Ltd. IPO?
Here are your top reasons to invest in the IPO.
- Their product portfolio includes industrial self-adhesive tapes with various types of adhesive systems to suit different industrial applications.
- They have an extensive client base across twenty-three Indian states and thirteen foreign countries. A sizable portion of the company’s revenue comes from export activities.
Srivasavi Adhesive Tapes Company Financials
| Parameters | Year ending on 31st March, 2022 | Year ending on 31st March, 2021 | Year ending on 31st March, 2020 |
|---|---|---|---|
| Revenue from operation | 6,434.27 | 5,525.69 | 4,600.46 |
| Profit After Tax (PAT) | 362.12 | 187.34 | 101.13 |
| EBITDA | 594.62 | 338.81 | 281.47 |
| EBITDA Margin in % | 9.37 | 6.13 | 6.18 |
| EPS | 3.48 | 1.80 | 0.97 |
Know before investing
Strengths
3-
The company has future plans to install a new manufacturing unit and expand its product base.
-
They are exploring new geographical markets to expand their global footprint.
-
The company is leveraging technology to improve operational efficiency and quality assurance.
Risks
3-
There are legal cases pending against the company which might impact its future business.
-
Losing top customers can be a blow to the company’s business and impact future profitability.
-
The company may face losses in the future if there is a shortage or inadequate supply of raw materials or fluctuation in raw material prices.
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Srivasavi Adhesive Tapes IPO FAQs
Srivasavi Adhesive Tapes Ltd. SME IPO is a fresh issue IPO. The total IPO size is ₹15.50 crore. The price for the IPO shares is fixed at ₹41 per equity share.
The IPO shares of Srivasavi Adhesive Tapes Ltd. will be allotted on March 3, 2023.
One lot of Srivasavi Adhesive Tapes Ltd.’ IPO has 3000 shares.
The IPO will open on February 23, 2023.
Retail investors can apply for a minimum of one lot.
The shares will list on the NSE exchange on March 9, 2023.
Log in to your investor account to check Srivasavi Adhesive Tapes Ltd. IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
IPO shares can list on the exchange in premium or discount depending on the changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
