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Srivasavi Adhesive Tapes Limited IPO Details

by Koushik Gope
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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.

  1. Domestic Sales
  2. 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 DateFeb 23, 2023 to Feb 28, 2023
Listing Date[.]
Face Value₹10 per share
Price₹41 per share
Lot Size3000 Shares
Issue Size3,780,000 shares of ₹10
(aggregating up to ₹15.50 Cr)
Fresh Issue3,780,000 shares of ₹10
(aggregating up to ₹15.50 Cr)
Market Maker portion192,000 shares
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
P/E (x)11.77
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerSHRENI SHARES PRIVATE LIMITED
Company PromotersD N Anilkumara and Ashwini DA are the Promoters of the company.

IPO Tentative Timetable

EventTentative Date
Opening DateFeb 23, 2023
Closing DateFeb 28, 2023
Basis of AllotmentMar 3, 2023
Initiation of RefundsMar 6, 2023
Credit of Shares to DematMar 8, 2023
Listing DateMar 9, 2023

Srivasavi Adhesive Tapes IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)13000₹123,000
Retail (Max)13000₹123,000
HNI (Min)26,000₹246,000

Company Financials

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

Company Contact Information

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

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