IPO

Srivasavi Adhesive Tapes Limited IPO

NSE SME

Listed On: Mar 9, 2023 at ₹ 40.0

₹ 123000 /3000 Shares

Check Allotment

Srivasavi Adhesive Tapes Limited IPO Details

23 Feb, 2023

Open Date

28 Feb, 2023

Close Date

03 Mar, 2023

Allotment Date

09 Mar, 2023

Listing Date

Issue Price

₹41 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

40.0

Listing Date

2023-03-09

Market Lot

3000 Shares (₹123,000/-)

Lead Manager

Shreni Shares Private Limited

Issue Size

Fresh Issue of 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr)

Retail Portion

N/A

Subscription

7.69 times

IPO Docs

DRHP RHP

Srivasavi Adhesive Tapes Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,794,0001,794,0003,588,000
Day 1 - 23-02-23 06:00 PM0.68 x0.18 x0.43 x
Day 2 - 24-02-23 06:00 PM1.15 x0.41 x0.78 x
Day 3 - 27-02-23 06:00 PM1.46 x1.39 x1.42 x
Day 4 - 28-02-23 06:00 PM7.11 x8.27 x7.69 x

Srivasavi Adhesive Tapes Limited Valuations

Earnings Per Share (EPS)

₹3.48/-

P/E Ratio

11.77

RoNW

34.70%

Net Asset Value (NAV)

₹11.78/-

Srivasavi Adhesive Tapes Limited Company Financials All values are in ₹ Lakh

30-Sept-2231-Mar-2231-Mar-2131-Mar-20
Assets3,051.982,763.352,263.662,038.86
Revenue3,072.616,392.195,566.614,634.50
Profit After Tax180.73362.12187.34101.13

About The Company

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.

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Srivasavi Adhesive Tapes Limited - Promoter(s)

Pre Issue Share Holding: 99.84%

Post Issue Share Holding: 73.21%

Company Promoter(s)

  1. D N Anilkumara
  2. Ashwini DA

Srivasavi Adhesive Tapes Limited IPO - Issue Objectives

  1. Funding working capital requirements;
  2. General corporate purposes.

Srivasavi Adhesive Tapes Limited IPO - FAQs

Ans. Srivasavi Adhesive Tapes Limited IPO is a SME IPO. The issue is priced at ₹41 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Feb 23, 2023, and closes on Feb 28, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Srivasavi Adhesive Tapes Limited IPO opens on Feb 23, 2023 and closes on Feb 28, 2023.

Ans. The size of Srivasavi Adhesive Tapes Limited IPO is Fresh Issue of 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr).

Ans. The IPO price band is set between ₹41 per equity share.

Ans. To apply for Srivasavi Adhesive Tapes Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Srivasavi Adhesive Tapes Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Srivasavi Adhesive Tapes Limited IPO is Mar 3, 2023.

Ans. The Srivasavi Adhesive Tapes Limited IPO will be listed on Mar 9, 2023.

Ans. Follow the steps to check the allotment status for Srivasavi Adhesive Tapes Limited IPO here.