Srivasavi Adhesive Tapes was incorporated on March 19, 2010. The company is engaged in manufacturing/coating, converting and die cutting industrial specialty self-adhesive tapes. It also does customised die cuts of films, foams and allied products catering to various industries.
| Bidding Dates |
|---|
| 23 Feb 2023 - 28 Feb 2023 |
| Subscription |
|---|
| 7.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 3000 | 3.8 M | ₹41 | 73.33 % | ₹155.0 M | RHP DOC |
Srivasavi Adhesive Tapes IPO SUBSCRIPTION STATUS
28 Feb '23Srivasavi Adhesive Tapes IPO overall subscription rate was 7.68 times the total available shares
Srivasavi Adhesive Tapes IPO retail subscription rate was 8.25 times in the retail segment
Srivasavi Adhesive Tapes IPO non-institutional investor subscription rate was 7.11 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
28 Feb 2023 (Day 4) | 8.25x | 7.11x | - |
27 Feb 2023 (Day 3) | 1.39x | 1.46x | - |
24 Feb 2023 (Day 2) | 0.41x | 1.15x | - |
23 Feb 2023 (Day 1) | 0.18x | 0.68x | - |
Srivasavi Adhesive Tapes FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY23 | 18.1 | 305.7 | 18.6 | 14.3 | 9.2% |
| FY22 | 36.2 | 634.3 | -20.4 | -33.3 | 9.4% |
| FY21 | 18.7 | 552.6 | 50.0 | 32.9 | 6.1% |
| FY20 | 10.1 | 460.0 | 27.7 | 21.9 | 6.2% |
Srivasavi Adhesive Tapes IPO SUBSCRIPTION STATUS DETAILS
Srivasavi Adhesive Tapes had 3.8 M shares on offer
Srivasavi Adhesive Tapes IPO offer price was ₹41
Srivasavi Adhesive Tapes IPO minimum Investment was ₹123000
Srivasavi Adhesive Tapes IPO issue size was ₹ 155.0 M
Srivasavi Adhesive Tapes had a minimum lot size of 3000 Shares per application
Srivasavi Adhesive Tapes NUMBER OF SHARES ON OFFER
Srivasavi Adhesive Tapes IPO IMPORTANT DATES
| Issue Open Date | 23 Feb 2023 |
| Issue close Date | 28 Feb 2023 |
| Allotment Date | 03 Mar 2023 |
| Refund Date | 06 Mar 2023 |
| Demat Account Credit Date | 08 Mar 2023 |
| Listing Date | 09 Mar 2023 |
| Listing on Exchange(s) | NSE |
| Srivasavi Adhesive Tapes Allotment Status | Exchange |
Srivasavi Adhesive Tapes IPO subscription opened on 23 Feb 2023, and closed on 28 Feb 2023
IPO allotment for Srivasavi Adhesive Tapes was finalized on Friday, 03 Mar 2023
IPO listing for Srivasavi Adhesive Tapes was on NSE on Thursday, 09 Mar 2023
Srivasavi Adhesive Tapes IPO LISTING GAINS
| Issue Price (adjusted) | 41.0 |
| Listing Open Price | 40.0 |
| Listing Close Price | 42.0 |
| Listing Gain% | -2.4% |
| Current Gain% | 119.5% |
Srivasavi Adhesive Tapes Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Srivasavi Adhesive Tapes Ltd. | 90 | 127.6 | 21.2 | -1.8 | 1.2 | 12.8 | 7.1 | 110.5 | 20.5 | 6 | -11.7 | 4.2 | -11.7 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Srivasavi Adhesive Tapes INFORMATION ON IPO ISSUE
About Srivasavi Adhesive Tapes
Srivasavi Adhesive Tapes was incorporated on March 19, 2010. The company is engaged in manufacturing/coating, converting and die cutting industrial specialty self-adhesive tapes. It also does customised die cuts of films, foams and allied products catering to various industries.
Object of the Issue
- Fund working capital requirements
- General corporate purposes
Srivasavi Adhesive Tapes - PROMOTERS
| Name |
|---|
| D N Anilkumara |
| Ashwini DA |
Srivasavi Adhesive Tapes Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
Srivasavi Adhesive Tapes Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Srivasavi Adhesive Tapes Strengths
Product portfolio
The company's product portfolio includes industrial speciality self-adhesive tapes made out of film, foam, foil, fabric and paper with different kinds of adhesive systems to suit industrial applications and specification-oriented adhesive tapes
Customer base across geographies
The company has a customer base across industries and geographies both domestic and overseas
Quality assurance
The company has been accredited with ISO 9001:2015 for the design and manufacture of speciality self-adhesive tapes and die cuts
Srivasavi Adhesive Tapes Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, promoter, directors and group companies. Any adverse decision in such proceedings may have a material adverse effect on the business
Dependent on few customers
The company's top 10 customers contribute a majority of the revenues from operations for FY22. Any loss of business from one or more of them may adversely affect the revenues and profitability
Lenders have charge over properties
Lenders have charge over movable and immovable properties in respect of loans availed by the company
IPO FAQs
The promoters of the company are D N Anilkumara and Ashwini DA.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 41.0 - 41.0.
The IPO application opens on Feb 23, 2023 and closes on Feb 28, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 123,000.0.
This IPO will be allotted on Mar 03, 2023.
The refund will be credited to your account on Mar 06, 2023.
The allotted shares will be credited to your demat on Mar 08, 2023.
Srivasavi Adhesive Tapes Ltd.’s shares listed on the stock exchanges on Mar 09, 2023.