Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Thu, Feb 23, 2023 - Tue, Feb 28, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Feb 23, 2023
IPO Close
Tue, Feb 28, 2023
Issue Price
₹41 per share
Market Cap (Pre-IPO)
₹58.11 Cr
| IPO Date | 23 to 28 Feb, 2023 |
| Listed on | Thu, Mar 9, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,80,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,92,000 shares Shreni Shares Ltd. (agg. up to ₹0.7872 Cr) |
| Fresh Issue (Ex Market Maker) | 35,88,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 35,88,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,03,94,166 shares |
| Share Holding Post Issue | 1,41,74,166 shares |
| NSE Symbol | SRIVASAVI |
| ISIN | INE0NPI01014 |
Srivasavi Adhesive Tapes IPO comprises a total issue size of 37,80,000 shares. The net offer to the public is 35,88,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,94,000 (50.00%) allocated to NII 17,94,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,94,000 | 50.00% | 47.46% |
| Retail Shares Offered | 17,94,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.08% | |
| Total Shares Offered | 37,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 30.52 | 27.63 | 22.64 | 20.39 |
| Total Income | 30.73 | 63.92 | 55.67 | 46.35 |
| Profit After Tax | 1.81 | 3.62 | 1.87 | 1.01 |
| NET Worth | 12.24 | 10.44 | 6.81 | 4.94 |
| Reserves and Surplus | 1.85 | 9.19 | 5.57 | 3.69 |
| Total Borrowing | 6.00 | 6.07 | 3.95 | 5.73 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 10.84 |
| 2 | General Corporate Purpose | 3.10 |
| KPI | |
|---|---|
| ROE | 41.99 |
| ROCE | 52.29 |
| Debt/Equity | 0.58 |
| RoNW | 34.7 |
| PAT Margin | 5.71% |
| EBITDA Margin | 9.37% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.48 | |
| P/E (x) | 16.08 | |
| Promoter Holding | 99.84% | 73.21% |
| Market Cap | ₹58.11 Cr. |
The Srivasavi Adhesive Tapes IPO is subscribed 7.75 times on February 28, 2023 7:00:00 PM (Day 4). The public issue subscribed 8.38 times in the retail category, [.] times in the QIB category, and 7.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 7.12 | 17,94,000 | 1,27,65,000 |
| Retail | 8.38 | 17,94,000 | 1,50,39,000 |
| Total | 7.75 | 35,88,000 | 2,78,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.24 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 1.10 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of offer stationar | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹40.00 |
| Low | ₹38.10 |
| High | ₹42.00 |
| Last Trade | ₹42.00 |
Lead Manager Reports
Srivasavi Adhesive Tapes IPO is a SME IPO of 37,80,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Feb 23, 2023, and closes on Tue, Feb 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 Thu, Feb 23, 2023 and closes on Tue, Feb 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 Wed, Mar 8, 2023. Check the Srivasavi Adhesive Tapes IPO allotment status.
The Srivasavi Adhesive Tapes IPO listing date is on Thu, Mar 9, 2023.
