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Flexituff International Ltd IPO (Flexituff IPO) Detail

Sep 29, 2011 - Oct 5, 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 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

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. Flexituff International Ltd IPO review by Magnum Equity Broking Ltd
  2. Flexituff International Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved3,375,0001,012,5002,362,5006,750,000
Day 1 - Sep 29, 2011 17:00 IST0.07000.76000.43000.3000
Day 2 - Sep 30, 2011 17:00 IST0.09001.01000.55000.3900
Day 3 - Oct 3, 2011 17:00 IST0.38001.01000.82000.6300
Day 4 - Oct 4, 2011 17:00 IST0.51001.44001.06000.8400
Day 5 - Oct 5, 2011 17:00 IST0.51002.35001.60001.1700

Flexituff IPO Prospectus

Flexituff IPO Rating

104
3.8
Rating:Rated 3.8 stars

Vote Here ...

Flexituff IPO Listing Date

  •   ›  Listing Date: Wednesday, October 19, 2011
  •   ›  BSE Script 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 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

Company Contact Information

Flexituff International Ltd
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)

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Flexituff IPO Review / Comments

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101. Satin  Oct 26, 2011 5:56:29 PM IST Reply
wishing all the members a very happy, prosperous and a blissful Diwali.......
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100. ronak khandelwal  Oct 21, 2011 10:40:51 PM IST Reply
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
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100.1. Jackpoat  Oct 22, 2011 11:23:34 AM IST
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.
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99. IPOanalyst  Oct 21, 2011 10:15:21 AM IST Reply
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.
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98. SkDash  Oct 20, 2011 8:33:01 AM IST Reply
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
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97. Jackpoat  Oct 20, 2011 2:02:37 AM IST Reply
ronak khandelwal, You exit from flexi in next trading day with profit.ok.dont worry about it
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96. ronak khandelwal  Oct 19, 2011 11:45:26 PM IST Reply
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
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95. gundu anna  Oct 19, 2011 8:10:28 PM IST Reply
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.
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94. Jackpoat  Oct 19, 2011 7:59:53 PM IST Reply
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
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93. gundu anna  Oct 19, 2011 7:35:39 PM IST Reply
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.
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92. Dhiren parmar  Oct 19, 2011 6:09:50 PM IST Reply
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.
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91. Dhiren parmar  Oct 19, 2011 6:06:13 PM IST Reply
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.
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90. sameerjaipur  Oct 19, 2011 4:49:11 PM IST Reply
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?
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89. Jackpoat  Oct 19, 2011 4:45:48 PM IST Reply
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?
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88. santonu  Oct 19, 2011 4:08:30 PM IST Reply
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
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87. Jackpoat  Oct 19, 2011 4:02:53 PM IST Reply
Correction on prev comment-Exited at 3.29pm at Rs 155.5 .It may longterm good stock like tree house,lovable,jubilant,gravita etc
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86. Jackpoat  Oct 19, 2011 4:01:45 PM IST Reply
Exited at 3.39pm at Rs 155.5 .It may longterm good stock like tree house,lovable,jubilant,gravita etc
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85. SkDash  Oct 19, 2011 3:30:16 PM IST Reply
Some operators gained at the cost of some other operators. Taksheel gone by > 100 rs. flexi is flat.

whats ur position guys
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84. Vivekbhauka  Oct 19, 2011 2:51:57 PM IST Reply
of so many issues...only flexi has some worthwile business....
if remains strong..then tomorrow may move uo 10-20%...worth risk.
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83. Allan Stanley  Oct 19, 2011 12:15:44 PM IST Reply
can any1 tell me where is this one heading?
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82. SkDash  Oct 19, 2011 12:05:48 PM IST Reply
entered @ 154, SL 140

exited @ 157

now-position nil-lunch break






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