March 9, 2023
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Srivasavi Adhesive Tapes IPO Analysis at Chanakyanipothi.com,
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Srivasavi Adhesive Tapes IPO Guidance:
The company has good turnover and net profits. the turnover and profits show steady rise. The offer price appears to be reasonable.
One may Apply.
Srivasavi Adhesive IPO Grey Market updates
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Srivasavi Adhesive IPO Subscription Status
On 27 February 2023 @ 5.00 pm (Closed)
NII: 1794000 Shares, 7.88T
RII: 1794000 Shares, 8.27T
Total: 3588000 Shares 7.69T
Srivasavi Adhesive Tapes: Company Details
Srivasavi Adhesive Tapes 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, It does customized 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 & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries serves 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.
The company has two business divisions (i) domestic sales; and (ii) exports. It has presence in 23 states for our domestic market based on sales made for the period ended September 30, 2022. Internationally it supplies products in 13 countries such as Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE.
For more information about the company, Click www.vasavitapes.com
| Srivasavi Adhesive Tapes IPO Details | |
| IPO opens on | 23 February 2023 |
| IPO closes on | 28 February 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3780000 Sh /Rs 15.50 Cr |
| * Fresh Issue | 3780000 Sh /Rs 15.50 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.41 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | – | – |
| NII (50 %) | 1794000 | 7.35 |
| RII (50 %) | 1794000 | 7.35 |
| Total Shares | 3588000 | 14.70 |
| Retail portion will be oversubscribed by | 598 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 3000 Sh | Rs. 123000 |
| Max Retail Application | 6000 Sh | Rs. 246000 |
Promoters of the IPO
D N ANILKUMARA AND ASHWINI D A
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for
To Meet Working Capital Requirements.
| IPO Tentative timetable | |
| IPO opens on | 23 February 2023 |
| IPO Closes on | 28 February 2023 |
| IPO Allotment on | 03 March 2023 |
| Unblocking of ASBA | 06 March 2023 |
| Credit of Shares | 07 March 2023 |
| Listing on | 09 March 2023 |
| Registered Office of the company |
| No. B 100, KSSIDC Industrial Estate, Doddaballapura, Bangalore 561 203, Karnataka, India. |
| IPO Lead Managers |
| Shreni Shares Private Limited |
| Registrar to the IPO |
| Bigshare Services Private Limited |
| Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 46.35 | 1.21 | 1.17 | 23.59 |
| 2020-21 | 55.67 | 1.93 | 1.86 | 27.31 |
| 2021-22 | 63.12 | 3.70 | 3.56 | 34.32 |
| Book Value of the Share on | 31.03.2022 | Rs.10.36 | ||
| Book Value of the Share | after the IPO | Rs.18.69 | ||
| Offer Price | Rs. 41 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 11.08 |
| Upper price/BV Ratio | 3.96 |
| Upper price/BV after IPO | 2.19 |
Peer Comparison:
The company does not have comparable listed peer therefore information related to peer group has not been provided.
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