Purv Flexipack IPO allotment: Here's how you can check status
Purv Flexipack is likely to finalise the share allotment process today. Investors can check the status of Purv Flexipack IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case.
Follow the step by step process mentioned below to check the status of allotment.
Step 1: Visit the IPO Allotment Status page on Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)
Step 2: Select IPO from the dropdown
Step 3: Put Application number and enter captcha and 'Submit'.
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Purv Flexipack GMP
In the unlisted market, the company's shares are trading with a premium of Rs 110. If the trends sustain, the company's shares are expected to more than double on listing day, which is March 5.
The company has priced the IPO at Rs 71 at the upper end.
The Rs 40 crore SME IPO of Owais Metal was subscribed 400 times at close, driven by robust demand across categories. The IPO was entirely a fresh equity issue of 56.64 lakh shares.
The net proceeds from the public offer will be used for repayment of debt, funding working capital requirements and general corporate purposes.
The company is primarily engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films among others.
In addition, it is also a Del Credere Associate (DCA) and Dealer operated polymer warehouse (DOPW) of Indian Oil Corp for their polymer division.
