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
- Domestic Sales
- Exports
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.
Details
Srivasavi Adhesive Tapes IPO is a Fixed Price Issue. The IPO total issue size is Rs 15.50 Cr. The Srivasavi Adhesive Tapes IPO price is ₹41 per share. The IPO will list on NSE SME.
| IPO Date | Feb 23, 2023 to Feb 28, 2023 |
| Listing Date | Mar 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares |
Srivasavi Adhesive Tapes IPO Reservation
Srivasavi Adhesive Tapes IPO a total of 3,780,000 shares are offered. RII: 1,794,000 (47.46%), NII: 1,794,000 (47.46%).
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.08%) |
| Other Shares Offered | 1,794,000 (47.46%) |
| Retail Shares Offered | 1,794,000 (47.46%) |
| Total Shares Offered | 3,780,000 (100%) |
Srivasavi Adhesive Tapes IPO Timetable (Tentative)
Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023, and closes on Feb 28, 2023.
| IPO Open Date | Thursday, 23 February 2023 |
| IPO Close Date | Tuesday, 28 February 2023 |
| Basis of Allotment | Friday, 3 March 2023 |
| Initiation of Refunds | Monday, 6 March 2023 |
| Credit of Shares to Demat | Wednesday, 8 March 2023 |
| Listing Date | Thursday, 9 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 28, 2023 |
Srivasavi Adhesive Tapes IPO Lot Size
The minimum lot size of this Srivasavi Adhesive Tapes IPO is 3000 shares required is ₹123,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
Srivasavi Adhesive Tapes IPO Promoter Holding
D N Anilkumara and Ashwini DA are the Promoters of the company.
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Company Financials
| 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 | ||||||
Key Performance Indicator
Srivasavi Adhesive Tapes IPO Market Cap is Rs 58.11 Cr and P/E (x) is 16.08.
| KPI | Values |
|---|---|
| P/E (x) | 16.08 |
| Market Cap (₹ Cr.) | 58.11 |
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