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

Feb 23, 2023 - Feb 28, 2023

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.

Objects of the Issue

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 Details

IPO Date Feb 23, 2023 to Feb 28, 2023
Listing Date Mar 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

Srivasavi Adhesive Tapes IPO Reservation

NII (HNI) Shares Offered1,794,000 (50% of the Net Issue)
Retail Shares Offered1,794,000 (50% of the Net Issue)
Market Maker portion192,000 shares (SHRENI SHARES PRIVATE LIMITED)
Total Shares Offered3,588,000


KPI Values
P/E (x)11.77

Srivasavi Adhesive Tapes IPO Tentative Timetable

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

Event Tentative Date
Opening Date Feb 23, 2023
Closing Date Feb 28, 2023
Basis of Allotment Mar 3, 2023
Initiation of Refunds Mar 6, 2023
Credit of Shares to Demat Mar 8, 2023
Listing Date Mar 9, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Srivasavi Adhesive Tapes IPO Lot Size

The Srivasavi Adhesive Tapes IPO lot size is 3000 shares.

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.

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

Company Financials

Srivasavi Adhesive Tapes Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

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 Feb 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)

Srivasavi Adhesive Tapes IPO Prospectus

Srivasavi Adhesive Tapes IPO Rating

Rating:Rated 4.2 stars
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Srivasavi Adhesive Tapes IPO Listing Details

Listing Date Mar 9, 2023
BSE Script Code
IPO Price ₹41 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

Srivasavi Adhesive Tapes Limited
No. B 100, KSSIDC Industrial Estate,
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://www.bigshareonline.com/

Srivasavi Adhesive Tapes IPO Analysis

Srivasavi Adhesive Tapes IPO Recommendation Summary

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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 Feb 23, 2023, and closes on Feb 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 Feb 23, 2023 and closes on Feb 28, 2023.

Srivasavi Adhesive Tapes IPO lot size is 3000 Shares and the minimum order quantity is .

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 Mar 3, 2023, and the allotted shares will be credited to your demat account by Mar 8, 2023. Check the Srivasavi Adhesive Tapes IPO allotment status.

The Srivasavi Adhesive Tapes IPO listing date is on Mar 9, 2023.
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