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  • Flexituff International Ltd IPO (Flexituff IPO) Detail

    Sep 29, 2011 - Oct 05, 2011        
      
       

    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.

    Company Promoters:

    The promoters of the company are:
    1. Kalani Industries Pvt Ltd (KIPL)
    2. Miscellani Global Pvt Ltd (MGPL)
    3. Sanovi Trading Pvt Ltd (STPL)

    Objects of the Issue:

    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 Detail:

      »»  Issue Open: Sep 29, 2011 - Oct 05, 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

    Flexituff International IPO Grading

    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.

    Flexituff IPO Reviews:

    1. Magnum Equity Broking Ltd says 'Subscribe' to Flexituff International Ltd IPO
    2. Dilip Davda says 'Subscribe' to Flexituff International Ltd IPO

    Issue Subscription Detail / Current Bidding Status

    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)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 03, 2011 17:00 IST 0.3800 1.0100 0.8200 0.6300 
     Day 4 - Oct 04, 2011 17:00 IST 0.5100 1.4400 1.0600 0.8400 
     Day 5 - Oct 05, 2011 17:00 IST 0.5100 2.3500 1.6000 1.1700 

    New Compare Stock Brokers in India

    Comparison Grid  |  ICICIDirect Vs HDFC Securities  |  Zerodha Vs Ventura  |  Sharekhan Vs Angel Broking

             

    Flexituff IPO News Alerts

    1. Monday, October 17, 2011 10:44:18 AM
      IPO Listing - Flexituff International Ltd
    2. Thursday, October 13, 2011 6:43:33 AM
      IPO Allotment - Flexituff International Ltd
    3. Tuesday, September 20, 2011 4:49:55 AM
      Upcoming IPO - Flexituff International Ltd

    Flexituff IPO Rating

       Rating: 3.8
    104
    3.8
    Rating:Rated 3.8 stars

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Flexituff IPO Listing Date

    Listing Date:Wednesday, October 19, 2011
    BSE Scrip Code:533638
    NSE Symbol:FLEXITUFF
    Listing In:Packaging
    Sector:'B' Group of Securities
    ISIN:INE060J01017
    Issue Price:Rs. 155.00 Per Equity Share
    Face Value:Rs. 10.00 Per Equity Share

    Listing Day Trading Information

    BSE
    Issue Price:Rs. 155.00
    Open:Rs. 155.00
    Low:Rs. 142.00
    High:Rs. 185.40
    Last Trade:Rs. 166.40
    Volume:17,528,078
    NSE
    Rs. 155.00
    Rs. 156.90
    Rs. 142.00
    Rs. 187.70
    Rs. 165.55
    22,043,834

    Flexituff IPO Prospectus

    Company Contact Information

    Registered Office :
        2nd floor, Main Building,
        19, R.N. Mukherjee Road,
        Kolkata 700 001, West Bengal
    Phone: +91 33 40053995
    Fax: +91 33 22312510
    Email: investors@flexituff.com
    Website: http://www.flexituff.com

    Flexituff IPO Registrar

    Link Intime India Private Ltd   »  Report
       Link Intime India Private Ltd,
       C-13 Pannalal Silk Mills Compound,
       LBS Marg, Bhandup West, Mumbai 400078

    Phone: +91-22-25963838
    Fax: +91-22-25946969
    Email: flexituff.ipo@linkintime.co.in
    Website: http://www.linkintime.co.in

    Flexituff IPO Lead Manager(s)

    Flexituff IPO Messages (Flexituff IPO Comments)

      Post New Message ...  

    101. Satin  Oct 26, 2011 6:56:29 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Satin's - IPO Comments,  Public Profile

    wishing all the members a very happy, prosperous and a blissful Diwali.......

     

    100. ronak khandelwal  Oct 21, 2011 11:40:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ronak khandelwal's - IPO Comments,  Public Profile

    HELLO SKDASH,I WAS SAYING THAT I HADNT SOLD TAKSHEEL YET BECOZ I AM A FRESHER SO AS A FRESHER I USED PG ELECTROPLAST LOGIC I THINKED IT WILL INCREASE AND I WAS STILL WAITING BUT THIS STOCK HAD MAKED ME A LOSS AND THERE IS A NEWS NOT FIXED BUT I HEARED THAT RELIANCE INDUSTRIES I GOING TO BE INCREASE VERY HIGH.NOT SURE

     

    100.1. Jackpoat  Oct 22, 2011 12:23:34 PM IST |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Hi , If you want 80-100% return then you may suffer 80%-90% loss and in one profit and one loss and final result ZERO.Try to book profit 10-20% in each and every IPO or exit at buy price or minimum loss.

     

    99. IPOanalyst  Oct 21, 2011 11:15:21 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    IPOanalyst's - IPO Comments,  Public Profile

    I had mentioned at the very beginning itself, This IPO is best from all the recent IPO. I have sold half qty during the IPO and holding on with the rest for long term appreciation.

     

    98. SkDash  Oct 20, 2011 9:33:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    SkDash's - IPO Comments,  Public Profile

    Ronak

    I dont know whether what you are telling is true or you are just simply telling lie. Can you pl tell me why you have not sold Taksheel at opening bell or within 10-15 minutes? Please answer

     

    97. Jackpoat  Oct 20, 2011 3:02:37 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    ronak khandelwal, You exit from flexi in next trading day with profit.ok.dont worry about it

     

    96. ronak khandelwal  Oct 20, 2011 12:45:26 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    ronak khandelwal's - IPO Comments,  Public Profile

    HELLO SKDASH HOPE U HAD EARNED HUGE PROFIT IN BOTH THIS IPO BUT I HAD MADE HUGE LOSS IN TAKSHEEL STILL I HADNT SOLD AND FLEXI ALSO I HADNT SOLD PLEASE PLEASE RECOMMEND ME WHAT TO DO FOR BALANCE I AM NOT EARNER I AM A STUDENT SO PLEASE SIR OR MADAM RECOMMEND ME I FEEL AS CRYING.PLEASE HELP ME OUT FOR THIS SHARES AND TIJARIA ALSO PLEASE OR ANY OTHER SHARE.ACTUALLY I M THINKING TO QUIT BECOZ IN THIS MY DESTINY DOESNT WORK

     

    95. gundu anna  Oct 19, 2011 9:10:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    Jackpot,

    you are correct to some extent. But mental stress involved in that is very high. I think you dont have to apply for every IPO's if our objective is to make money. You can disaggree with me, but this is my opinion.

     

    94. Jackpoat  Oct 19, 2011 8:59:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Mr gundu anna, I adviced whole retail invester to dont apply overpriced IPO.If min 3000 retail investor dont support an IPO then must be it is cancelled.On listing they maintain distance from it.
    But If retail investor portion fully subscribed or over subscribed how we will away from it.In indothai no one other then retail applied.By support of retail it is fully subscribed.
    I will successfullly exited both listing today.Taksheel at 157 and Flex 155.5.
    We are here for discussing IPOs which may junk but give we handsome return on listing.I think 90% IPO gives chance for exit at or above issue price

     

    93. gundu anna  Oct 19, 2011 8:35:39 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    gundu anna's - IPO Comments,  Public Profile

    This is a good lesson for those who apply for junk IPO's. As I told u will make money in one and then loose in another. So end result is at the year end bank balance is less.

    Discl: I am not applying for IPO's with grade <3 and not applied for flexi.

     

    92. Dhiren parmar  Oct 19, 2011 7:09:50 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Dhiren parmar's - IPO Comments,  Public Profile

    Thats why i said to be cautios with both flexi & taksheel, if people wud have sold taksheel around 170 than they would have got less profits but no loss. Even with flexi it was better to sell with some profits, thats the best to exit IPOs like this on the first day itself.

     

    91. Dhiren parmar  Oct 19, 2011 7:06:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Dhiren parmar's - IPO Comments,  Public Profile

    After due consideration & lot of research i had applied for flexituff avoiding takshel til the end. I was thinking to apply 40% in taksheel & 60% in flexituff. Finally invested completely in flexituff & alloted 997 shares which i sold at Rs.160. Satisfied with less profit but no loss. We invest so much time researching IPOs but finally get very less profit & some people invest in junk IPOs like onelife, prakash, PG electro & get bumper profits.

     

    90. sameerjaipur  Oct 19, 2011 5:49:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    sameerjaipur's - IPO Comments,  Public Profile

    SK Dash,
    Sold Flexi & Taksheel both at an Avg rate of 156.Had 380 Taksheel and 120 Flexi. Didn't earn much but more important is I'm not in loss.What about u?

     

    89. Jackpoat  Oct 19, 2011 5:45:48 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Mr santonu ,I ll make profit from taksheel 660 and exit cost-to-cost from flexi .Due to Operator-promotor relationship really retail investor get lost their money.I have no position in next IPO Because of w/d application of m&b and indothai.
    Now wait for MCX which may come on 9-NOV.

    What is your position in next issue?

     

    88. santonu  Oct 19, 2011 5:08:30 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    santonu's - IPO Comments,  Public Profile

    Mr Jackpoat , i gained around 1500 in flextuff and lost around 1100 in taksheel, tension finished, try to forget this day. I think ahain will be beaten heavily by indo thai and swajaj-no hopes in these ipos

     

    87. Jackpoat  Oct 19, 2011 5:02:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Correction on prev comment-Exited at 3.29pm at Rs 155.5 .It may longterm good stock like tree house,lovable,jubilant,gravita etc

     

    86. Jackpoat  Oct 19, 2011 5:01:45 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Jackpoat's - IPO Comments,  Public Profile

    Exited at 3.39pm at Rs 155.5 .It may longterm good stock like tree house,lovable,jubilant,gravita etc

     

    85. SkDash  Oct 19, 2011 4:30:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    SkDash's - IPO Comments,  Public Profile

    Some operators gained at the cost of some other operators. Taksheel gone by > 100 rs. flexi is flat.

    whats ur position guys

     

    84. Vivekbhauka  Oct 19, 2011 3:51:57 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Vivekbhauka's - IPO Comments,  Public Profile

    of so many issues...only flexi has some worthwile business....
    if remains strong..then tomorrow may move uo 10-20%...worth risk.

     

    83. Allan Stanley  Oct 19, 2011 1:15:44 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    Allan Stanley's - IPO Comments,  Public Profile

    can any1 tell me where is this one heading?

     

    82. SkDash  Oct 19, 2011 1:05:48 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
    SkDash's - IPO Comments,  Public Profile

    entered @ 154, SL 140

    exited @ 157

    now-position nil-lunch break

     

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