Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.
Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.
Company received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years. Check out Presentation for Investors by Flexituff International.
The promoters of the company are:
1. Kalani Industries Pvt Ltd (KIPL)
2. Miscellani Global Pvt Ltd (MGPL)
3. Sanovi Trading Pvt Ltd (STPL)
1. Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;
2. Setting up of Dripper Project at Kashipur;
3. Working capital requirements;
4. General corporate purposes;
5. To meet Issue expenses.
»» Issue Open: Sep 29, 2011 - Oct 5, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,750,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 104.63 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 145 - Rs. 155 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Flexituff International IPO Report
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||3,375,000||1,012,500||2,362,500||6,750,000|
|Day 1 - Sep 29, 2011 17:00 IST||0.0700||0.7600||0.4300||0.3000|
|Day 2 - Sep 30, 2011 17:00 IST||0.0900||1.0100||0.5500||0.3900|
|Day 3 - Oct 3, 2011 17:00 IST||0.3800||1.0100||0.8200||0.6300|
|Day 4 - Oct 4, 2011 17:00 IST||0.5100||1.4400||1.0600||0.8400|
|Day 5 - Oct 5, 2011 17:00 IST||0.5100||2.3500||1.6000||1.1700|
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