Srivasavi Adhesive Tapes IPO is an SME IPO.
About Srivasavi Adhesive Tapes Ltd
Founded in 2010, Srivasavi Adhesive Tapes Ltd produces industrial specialty self-adhesive tapes by coating, converting, and die cutting them. TUV Nord has granted Srivasavi its ISO 9001:2015 certification.
Custom die cuts of films, foams, and related goods are offered by Srivasavi Adhesive Tapes Limited. It serves a number of industries, including those in the furniture, retail, construction, infrastructure, sports & fitness equipment, electrical & electronics, renewable energy, print & paper, food & pharma, FMCG, white & brown goods, automotive, locomotives, aerospace, defence, electrical & electronics, textiles & leather industries, and FMCG.
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, and Specialty Foams/ Films are just a few of the products the company offers to its customers.
There are two business segments that make up Srivasavi Adhesive.
- Domestic Sales
- Exports
In the domestic market base, the corporation is present in 23 states. Based on revenues for the nine months ending September 30, 2022, they also export their products to countries including Egypt, the United States of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and the United Arab Emirates.
Srivasavi Adhesive Tapes IPO Details
| IPO Date | Feb 23, 2023 to Feb 28, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Issue Size | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Market Maker portion | 192,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 11.77 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| Company Promoters | D N Anilkumara and Ashwini DA are the Promoters of the company. |
IPO Tentative Timetable
| 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 |
Srivasavi Adhesive Tapes IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
Company Financials
| 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 |
Company Contact Information
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/