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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.
| 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 Size | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares Shreni Shares |
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 Offered | 192,000 (5.08%) |
| Other Shares Offered | 1,794,000 (47.46%) |
| Retail Shares Offered | 1,794,000 (47.46%) |
| Total Shares Offered | 3,780,000 (100%) |
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 |
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 | |||
D N Anilkumara and Ashwini DA are the Promoters of the company.
| Share Holding Pre Issue | 99.84% |
| Share Holding Post Issue | 73.21% |
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
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,038.86 | 4,634.50 | 101.13 | 494.07 | 369.34 | 572.93 |
| 31-Mar-21 | 2,263.66 | 5,566.61 | 187.34 | 681.41 | 556.68 | 395.02 |
| 31-Mar-22 | 2,763.35 | 6,392.19 | 362.12 | 1,043.53 | 918.80 | 607.08 |
| 30-Sep-22 | 3,051.98 | 3,072.61 | 180.73 | 1,224.25 | 184.84 | 600.06 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Srivasavi Adhesive Tapes IPO is Rs 58.11 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 16.08 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 7.12 |
| Retail | 8.38 |
| Total | 7.75 |
| Listing Date | March 9, 2023 |
| BSE Script Code | |
| NSE Symbol | SRIVASAVI |
| ISIN | INE0NPI01014 |
| Final Issue Price | ₹41 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹41.00 |
| ₹40.00 |
| ₹38.10 |
| ₹42.00 |
| ₹42.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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