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Srivasavi Adhesive Tapes Limited IPO (Srivasavi Adhesive Tapes IPO) Detail

February 23, 2023 - February 28, 2023

Srivasavi Adhesive Tapes IPO is a fixed price issue of Rs 15.50 crores. The issue is entirely a fresh issue of 37.8 lakh shares.

Srivasavi Adhesive Tapes IPO bidding started from February 23, 2023 and ended on February 28, 2023. The allotment for Srivasavi Adhesive Tapes IPO was finalized on Friday, March 3, 2023. The shares got listed on NSE SME on March 9, 2023.

Srivasavi Adhesive Tapes IPO price is ₹41 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹123,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹246,000.

Shreni Shares Limited is the book running lead manager of the Srivasavi Adhesive Tapes IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Srivasavi Adhesive Tapes IPO is Shreni Shares.

Refer to Srivasavi Adhesive Tapes IPO RHP for detailed information.

Srivasavi Adhesive Tapes IPO Details

IPO Date February 23, 2023 to February 28, 2023
Listing Date March 9, 2023
Face Value ₹10 per share
Price ₹41 per share
Lot Size 3000 Shares
Total Issue Size3,780,000 shares
(aggregating up to ₹15.50 Cr)
Fresh Issue3,780,000 shares
(aggregating up to ₹15.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion192,000 shares
Shreni Shares

Srivasavi Adhesive Tapes IPO Reservation

Srivasavi Adhesive Tapes IPO offers 3,780,000 shares. 1,794,000 (47.46%) to NII, 1,794,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered192,000 (5.08%)
Other Shares Offered1,794,000 (47.46%)
Retail Shares Offered1,794,000 (47.46%)
Total Shares Offered3,780,000 (100%)

Srivasavi Adhesive Tapes IPO Timeline (Tentative Schedule)

Srivasavi Adhesive Tapes IPO opens on February 23, 2023, and closes on February 28, 2023.

IPO Open Date Thursday, February 23, 2023
IPO Close Date Tuesday, February 28, 2023
Basis of Allotment Friday, March 3, 2023
Initiation of Refunds Monday, March 6, 2023
Credit of Shares to Demat Wednesday, March 8, 2023
Listing Date Thursday, March 9, 2023
Cut-off time for UPI mandate confirmation 5 PM on February 28, 2023

Srivasavi Adhesive Tapes IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹123,000
Retail (Max) 1 3000 ₹123,000
HNI (Min) 2 6,000 ₹246,000
Lot Size Calculator

Srivasavi Adhesive Tapes IPO Promoter Holding

D N Anilkumara and Ashwini DA are the Promoters of the company.

Share Holding Pre Issue 99.84%
Share Holding Post Issue 73.21%

About Srivasavi Adhesive Tapes Limited

Incorporated in 2010, 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

  1. Domestic Sales
  2. 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.

Company Financials

Srivasavi Adhesive Tapes Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,038.864,634.50101.13494.07369.34572.93
31-Mar-212,263.665,566.61187.34681.41556.68395.02
31-Mar-222,763.356,392.19362.121,043.53918.80607.08
30-Sep-223,051.983,072.61180.731,224.25184.84600.06
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Srivasavi Adhesive Tapes IPO is Rs 58.11 Cr.

Pre IPO Post IPO
P/E (x) 16.08

Objects of the Issue (Srivasavi Adhesive Tapes IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

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

Srivasavi Adhesive Tapes IPO Review (May apply)

[Dilip Davda]  The company is one of the players in industrial specialty self-adhesive tapes and has posted growth in its working for the reported periods. Based on its latest financials, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long term. Read detail review...


Srivasavi Adhesive Tapes IPO Subscription Status (Bidding Detail)

The Srivasavi Adhesive Tapes IPO is subscribed 7.75 times on February 28, 2023 7:00:00 PM. The public issue subscribed 8.38 times in the retail category, times in the QIB category, and 7.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other7.12
Retail8.38
Total7.75

Srivasavi Adhesive Tapes IPO Prospectus

Srivasavi Adhesive Tapes IPO Rating

29
4.2
Rating:Rated 4.2 stars
Vote Here ...

Srivasavi Adhesive Tapes IPO Listing Details

Listing Date March 9, 2023
BSE Script Code
NSE Symbol SRIVASAVI
ISIN INE0NPI01014
Final Issue Price ₹41 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹41.00
₹40.00
₹38.10
₹42.00
₹42.00

Check IPO Performance…

Srivasavi Adhesive Tapes Limited Contact Details

Srivasavi Adhesive Tapes Limited
No. B 100, KSSIDC Industrial Estate,
Doddaballapura,
Bangalore 561 203
Phone: 08023629383
Email: investors@vasavitapes.com
Website: http://www.vasavitapes.com/

Srivasavi Adhesive Tapes IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Srivasavi Adhesive Tapes IPO - Buy or Not

Srivasavi Adhesive Tapes IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Srivasavi Adhesive Tapes IPO FAQs

Srivasavi Adhesive Tapes IPO is a SME IPO of 3,780,000 equity shares of the face value of ₹10 aggregating up to ₹15.50 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000 Shares.

The IPO opens on February 23, 2023, and closes on February 28, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Srivasavi Adhesive Tapes IPO using UPI as a payment gateway. Zerodha customers can apply in Srivasavi Adhesive Tapes IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Srivasavi Adhesive Tapes IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Srivasavi Adhesive Tapes IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Srivasavi Adhesive Tapes IPO opens on February 23, 2023 and closes on February 28, 2023.

Srivasavi Adhesive Tapes IPO lot size is 3000 Shares, and the minimum amount required is ₹123,000.

You can apply in Srivasavi Adhesive Tapes 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Srivasavi Adhesive Tapes IPO will be done on Friday, March 3, 2023, and the allotted shares will be credited to your demat account by Wednesday, March 8, 2023. Check the Srivasavi Adhesive Tapes IPO allotment status.

The Srivasavi Adhesive Tapes IPO listing date is on March 9, 2023.
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Srivasavi Adhesive Tapes IPO Message Board

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366 Comments

164. Ipoaspire |   Link |  Bookmark |April 1, 2023 5:31:26 AM (300+ Posts)
Hold this company...it will perform good and post good results...buy more if u have funds...my Target is 100 by june 23
164.1. Silent |   Link |  Bookmark |April 1, 2023 9:52:02 AM
Quite true. Though not sure of the target, but i am also vouching for 25% returns from current price levels.
163. SJogi |   Link |  Bookmark |March 16, 2023 11:30:33 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
This company can be considered for long term investment.
Tohda aur saste me mil jaye bas.
163.1. IPOmentor |   Link |  Bookmark |March 21, 2023 6:55:08 PM
milega bhai ye bhi 30/- tak ayega.
162. Gaurav DD dimer |   Link |  Bookmark |March 10, 2023 2:49:14 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
1.62 L Qty (54 Lots) at UC for buying at the time of closing today.
162.4. Imhilli |   Link |  Bookmark |March 13, 2023 2:31:24 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Sold the only lot got through ipo today as I need money.
162.5. Ipoaspire |   Link |  Bookmark |March 14, 2023 1:59:29 PM (300+ Posts)
Hold this.no QIB .p/e is less . company has good future.fluctuations are temporary.hold for 6 months....
161. Santosh IPO Investor |   Link |  Bookmark |March 10, 2023 9:55:31 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Today also upper freeze
160. Gaurav DD dimer |   Link |  Bookmark |March 10, 2023 8:37:40 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Sold my Lot at UC 44.10

May buy again if market stabilised.

Risk takers may hold it, rest can book profits.
159. Amit Jaipur |   Link |  Bookmark |March 10, 2023 8:18:51 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Sold my single lot at 44.10.
158. Earthking |   Link |  Bookmark |March 10, 2023 8:11:00 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Sold my alloted 2 lots at todays preopen ...
158.1. badluck |   Link |  Bookmark |March 10, 2023 8:15:17 AM (200+ Posts)
I also sold
157. SME Info |   Link |  Bookmark |March 9, 2023 9:43:45 PM
Gunvant Kumar has purchased shares tdy, he is a renowned ca from Chennai and having gud understanding abt financial.If he has taken stake then obviously this share will give gud profit in short and long term.
157.1. Imhilli |   Link |  Bookmark |March 9, 2023 9:51:03 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
This is available at a pretty cheap valuation. PE is just above 11. I hope, till 15 there shouldn't be any issue. But SME is highly unpredictable. So let's see.
156. Earthking |   Link |  Bookmark |March 9, 2023 6:54:58 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
09-Mar-2023       SRIVASAVI       Srivasavi Adhesive Tape L       LATIN MANHARLAL SECURITIES PVT. LTD.       BUY       1,11,000       40.00       -
09-Mar-2023       SRIVASAVI       Srivasavi Adhesive Tape L       REKHA GUNAVANTH KUMAR       BUY       1,02,000       40.00       -
09-Mar-2023       SRIVASAVI       Srivasavi Adhesive Tape L       SHRENI SHARES PRIVATE LIMITED       BUY       99,000       40.00       -
09-Mar-2023       SRIVASAVI       Srivasavi Adhesive Tape L       SS CORPORATE SECURITIES LIMITED       BUY       1,23,000       40.00       -

Sherni - lead manager kept buy order for 99000 shares at 70 rs ...even then it went for negative listing ...
156.2. Gaurav DD dimer |   Link |  Bookmark |March 9, 2023 8:19:59 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Checked the history of sherni & ss corporate.

Both won't sell immediately like mansi and multiplier.

156.3. Eren |   Link |  Bookmark |March 9, 2023 9:20:27 PM
What's up with the Mansi and multiplier? Do they have a bad image?
155. SJogi |   Link |  Bookmark |March 9, 2023 7:06:09 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
next two sessions will be interesting.
155.1. SJogi |   Link |  Bookmark |March 10, 2023 11:24:57 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
strong UC today.
154. GrowWealthwithSmallStep |   Link |  Bookmark |March 9, 2023 9:14:32 AM
@ Lokes Sir
Is it good to hold ?
154.5. Gaurav DD dimer |   Link |  Bookmark |March 11, 2023 6:57:51 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@Lokes & other experts.

Is ther big negative effects of collapse of silicon valley bank on market? like 2008

or it may have small effects of 1-2 days negativity?
154.6. lokes |   Link |  Bookmark |March 11, 2023 10:28:58 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@gaurav: in my view, it definitely won't be a impact like 2008 , that was huge and around 50% markets went down after that....lehman brothers bank that time was much bigger (4th largest) than SVB bank now and svb bank has more exposure towards technology and startup companies means it was not diversified enough to impact much other business....
i feel impact on indian market and banks etc will be for around 1-2 weeks max not much, with minimum fall, as our financials systems won't be impacted....
153. Eren |   Link |  Bookmark |March 9, 2023 6:58:01 PM
Bulk buy deals from Shreni Shares Private Limited itself and few others. Hope it catch up soon like past Shreni's SME.
152. svh |   Link |  Bookmark |March 9, 2023 8:41:25 AM
IPO Guru IPO Guru (2400+ Posts, 3600+ Likes)
UPstox is not allowing to place order.
🙏👍
152.15. Santosh IPO Investor |   Link |  Bookmark |March 10, 2023 9:56:27 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Hope you exited today at LC. Congrats for making money
152.16. HSG |   Link |  Bookmark |March 10, 2023 11:45:07 AM
Should we hold or sale. one lot allotted.pls advise
151. Santosh IPO Investor |   Link |  Bookmark |March 9, 2023 1:13:51 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Adhesive upper circuit with huge buyer quantity
151.1. HSG |   Link |  Bookmark |March 9, 2023 1:30:41 PM
The IPO was for 3780000 equity shares and today's trader is now 1401000 equity shares means 37% shares of ipo dealt till now
151.2. Santosh IPO Investor |   Link |  Bookmark |March 10, 2023 9:57:12 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Tomorrow circuit may not possible
150. Santosh IPO Investor |   Link |  Bookmark |March 9, 2023 10:12:34 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Adhesive upper freeze
150.4. Gaurav DD dimer |   Link |  Bookmark |March 9, 2023 12:50:07 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
@HSG its 5%

Listed at 40 + 5% (Rs 2) = 42
150.5. Santosh IPO Investor |   Link |  Bookmark |March 9, 2023 1:11:24 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@HSG
Upper circuit and Lower circuit will be 5% only in all sme IPOs from ipo listing price.
149. badluck |   Link |  Bookmark |March 9, 2023 11:55:47 AM (200+ Posts)
What is best level to exit. Expert Pls.suggest
148. SANJEEV SOOD |   Link |  Bookmark |March 9, 2023 9:53:53 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
upper Circuit
147. Riyansh |   Link |  Bookmark |March 9, 2023 9:29:55 AM (200+ Posts)
Alloted 1 Lot. I am Holding My Lot.
Almost all IPO of Shreni had given Decent return. I think it will move slowly..
146. arvindarvind |   Link |  Bookmark |March 9, 2023 9:26:37 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Now its on issue price.
Those holding getting reward.
Many people alloted two lots and sell in discount.
145. Santosh IPO Investor |   Link |  Bookmark |March 9, 2023 7:51:19 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Adhesive getting ready for good listing
145.1. SME Info |   Link |  Bookmark |March 9, 2023 9:02:28 AM
Bhai mil gya listing gain