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Srivasavi Adhesive Tapes IPO is a fixed price issue of ₹15.50 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹15.50 crore.
Srivasavi Adhesive Tapes IPO bidding started from Feb 23, 2023 and ended on Feb 28, 2023. The allotment for Srivasavi Adhesive Tapes IPO was finalized on Mar 3, 2023. The shares got listed on NSE SME on Mar 9, 2023.
Srivasavi Adhesive Tapes IPO price is ₹41.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,23,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,46,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to Srivasavi Adhesive Tapes IPO RHP for detailed Information.
| IPO Date | February 23, 2023 to February 28, 2023 |
| Listing Date | March 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,80,000 shares (aggregating up to ₹15.50 Cr) |
| Reserved for Market Maker | 1,92,000 shares Shreni Shares Ltd. (aggregating up to ₹0.7872 Cr) |
| Net Offered to Public | 35,88,000 shares (aggregating up to ₹14.71 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,03,94,166 shares |
| Share Holding Post Issue | 1,41,74,166 shares |
Srivasavi Adhesive Tapes IPO offers total 37,80,000 shares. Out of which 17,94,000 (47.46%) allocated to NII, 17,94,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.08%) |
| NII (HNI) Shares Offered | 17,94,000 (47.46%) |
| Retail Shares Offered | 17,94,000 (47.46%) |
| Total Shares Offered | 37,80,000 (100.00%) |
Srivasavi Adhesive Tapes IPO opens on February 23, 2023, and closes on February 28, 2023.
| IPO Open Date | Thu, Feb 23, 2023 |
| IPO Close Date | Tue, Feb 28, 2023 |
| Tentative Allotment | Fri, Mar 3, 2023 |
| Initiation of Refunds | Mon, Mar 6, 2023 |
| Credit of Shares to Demat | Wed, Mar 8, 2023 |
| Tentative Listing Date | Thu, Mar 9, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 28, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,23,000 |
| Retail (Max) | 1 | 3,000 | ₹1,23,000 |
| HNI (Min) | 2 | 6,000 | ₹2,46,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Srivasavi Adhesive Tapes Limited is engaged in manufacturing, coating, converting, and Die cuts of industrial Specialty self-adhesive tapes. Srivasavi is an ISO 9001:2015 certified company certified by TUV Nord.
Srivasavi Adhesive Tapes Limited customized die cuts of Films, Foams, and allied products. It caters to various industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.
The company serves its customers with a wide range of pressure-sensitive adhesive tapes, BOPP tapes, Eco-Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.
Srivasavi Adhesive widely has two business divisions
The company has a presence in 23 states in the domestic market base. And Internationally they supply products in including Egypt, United State of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and UAE based on sales made for the period ended September 30, 2022.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,038.86 | 4,634.50 | 101.13 | 494.07 | 369.34 | 572.93 |
| 31-Mar-21 | 2,263.66 | 5,566.61 | 187.34 | 681.41 | 556.68 | 395.02 |
| 31-Mar-22 | 2,763.35 | 6,392.19 | 362.12 | 1,043.53 | 918.80 | 607.08 |
| 30-Sep-22 | 3,051.98 | 3,072.61 | 180.73 | 1,224.25 | 184.84 | 600.06 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Srivasavi Adhesive Tapes IPO is ₹58.11 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 16.08 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is one of the players in industrial specialty self-adhesive tapes and has posted growth in its working for the reported periods. Based on its latest financials, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long term. Read detail review...
| Listing Date | March 9, 2023 |
| BSE Script Code | |
| NSE Symbol | SRIVASAVI |
| ISIN | INE0NPI01014 |
| Final Issue Price | ₹41 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹40.00 |
| Low | ₹38.10 |
| High | ₹42.00 |
| Last Trade | ₹42.00 |
Srivasavi Adhesive Tapes Ltd.
No. B 100,
KSSIDC Industrial Estate,
Doddaballapura,
Bangalore Urban, Karnataka, 561203
Phone: 08023629383
Email: investors@vasavitapes.com
Website: http://www.vasavitapes.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Srivasavi Adhesive Tapes IPO is a SME IPO of 37,80,000 equity shares of the face value of ₹10 aggregating up to ₹15.50 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on February 23, 2023, and closes on February 28, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Srivasavi Adhesive Tapes IPO using UPI as a payment gateway. Zerodha customers can apply in Srivasavi Adhesive Tapes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Srivasavi Adhesive Tapes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Srivasavi Adhesive Tapes IPO opens on February 23, 2023 and closes on February 28, 2023.
Srivasavi Adhesive Tapes IPO lot size is 3000, and the minimum amount required for application is ₹1,23,000.
You can apply in Srivasavi Adhesive Tapes IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Srivasavi Adhesive Tapes IPO will be done on Friday, March 3, 2023, and the allotted shares will be credited to your demat account by Wednesday, March 8, 2023. Check the Srivasavi Adhesive Tapes IPO allotment status.
The Srivasavi Adhesive Tapes IPO listing date is on Thursday, March 9, 2023.
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