Purv Flexipack IPO: Issue fully subscribed on Day 1, retail, NII portion sees huge demand; GMP rises
₹70 to ₹71 apiece of face value of ₹10 each. Purv Flexipack IPO lot size consists of 1,600 shares.
Investors can bid for a minimum of 1,600 shares and in multiples thereof. Purv Flexipack IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
The market maker category has been reserved upto 3,48,800 equity shares. The main business activity of Purv Flexipack is the distribution of several plastic-based products, including polyester films, cast polypropylene (CPP) films, biaxially oriented polypropylene (BOPP) film, plastic granules, inks, adhesives, masterbatches, ethyl acedate, and titanium dioxide.
Furthermore, for Indian Oil Corporation Limited's polymer sector, the company is a Dealer operated polymer warehouse (DOPW) and a Del Credere Associate (DCA). Also Read: IPOs next week: Six new issues and five new listings to keep primary market busy "Exciting news! Mint is now on WhatsApp Channels
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