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.

Flexituff IPO Details

IPO Opening DateSep 29, 2011
IPO Closing DateOct 5, 2011
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹145 to ₹155 per equity share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE
Issue Size6,750,000 Eq Shares of ₹10
(aggregating up to ₹104.63 Cr)

Flexituff IPO Lot Size

The Flexituff IPO market lot size is 40 shares. A retail-individual investor can apply for up to 32 lots (1280 shares or ₹198,400).

ApplicationLotsSharesAmount (Cut-off)
Minimum140₹6,200
Maximum321280₹198,400

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

Flexituff IPO Subscription Status (Bidding Detail)

The Flexituff IPO is subscribed 1.17x times on Oct 5, 2011 17:00. The public issue subscribed 1.60x in the retail category, 0.51x in the QIB category, and 2.35x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

0.51x

NII

2.35x

RII

1.60x

Total

1.17x

Flexituff IPO Prospectus

Flexituff IPO Rating

104
3.8
Rating:Rated 3.8 stars

Vote Here ...

Flexituff IPO Listing Date

Listing DateWednesday, October 19, 2011
BSE Script Code533638
NSE SymbolFLEXITUFF
Listing InT Group of Securities
ISININE060J01017
IPO Price₹155 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

Flexituff IPO Reviews / Ratings

Company Contact Information

Flexituff International Ltd
2nd floor, Main Building,
19, R.N. Mukherjee Road,
Kolkata 700 001, West Bengal

Phone: +91 33 40053995
Email: investors@flexituff.com
Website: http://www.flexituff.com

Flexituff IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: flexituff.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Flexituff IPO FAQs

  1. What is Flexituff IPO?

    Flexituff IPO is a main-board IPO of 6,750,000 equity shares of the face value of ₹10 aggregating up to ₹104.63 Crores. The issue is priced at ₹145 to ₹155 per equity share. The minimum order quantity is 40 Shares.

    The IPO opens on Sep 29, 2011, and closes on Oct 5, 2011.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Flexituff IPO will open?

    The Flexituff IPO opens on Sep 29, 2011 and closes on Oct 5, 2011.

  3. What is the lot size of Flexituff IPO?

    Flexituff IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

  4. How to apply for Flexituff IPO?

    You can apply in Flexituff IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Flexituff IPO allotment?

    The finalization of Basis of Allotment for Flexituff IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Flexituff IPO allotment status.

  6. When is Flexituff IPO listing date?

    The Flexituff IPO listing date is on Wednesday, October 19, 2011.

Flexituff IPO Message Board

Ranked Members  Ranked Members

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101. Satin |Oct 26, 2011 17:56
wishing all the members a very happy, prosperous and a blissful Diwali.......
100. ronak khandelwal |Oct 21, 2011 22:40
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 11:23
Top Contributor Top Contributor (200+ Posts)
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 10:15
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 08:33
IPO Mentor IPO Mentor (600+ Posts)
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 02:02
Top Contributor Top Contributor (200+ Posts)
ronak khandelwal, You exit from flexi in next trading day with profit.ok.dont worry about it
96. ronak khandelwal |Oct 19, 2011 23:45
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 20:10
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
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 19:59
Top Contributor Top Contributor (200+ Posts)
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 19:35
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
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 18:09
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 18:06
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 16:49
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 16:45
Top Contributor Top Contributor (200+ Posts)
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 16:08
Top Contributor Top Contributor (200+ Posts)
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 16:02
Top Contributor Top Contributor (200+ Posts)
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 16:01
Top Contributor Top Contributor (200+ Posts)
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 15:30
IPO Mentor IPO Mentor (600+ Posts)
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 14:51
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 12:15
can any1 tell me where is this one heading?
82. SkDash |Oct 19, 2011 12:05
IPO Mentor IPO Mentor (600+ Posts)
entered @ 154, SL 140

exited @ 157

now-position nil-lunch break







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