Established in 2010, Srivasavi Adhesive Tapes Limited specializes in the manufacturing, coating, conversion, and die-cutting of industrial specialty self-adhesive tapes. The company boasts ISO 9001:2015 certification from TUV Nord, reflecting its commitment to quality.
Srivasavi Adhesive Tapes Limited offers tailored die-cut solutions encompassing Films, Foams, and related products. Its diverse clientele hails from industries such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather.
A comprehensive spectrum of pressure-sensitive adhesive tapes is at the heart of the company’s offerings, ranging from BOPP tapes, eco-friendly paper tapes, filament tapes, double-sided tapes, packaging tapes, specialty protection tapes, surface protection tapes, to masking tapes and specialty foams/films.
Srivasavi Adhesive Tapes Limited’s operations are effectively divided into two business segments:
- Domestic Sales
- Exports
Within the domestic market, the company’s presence spans across 23 states. Furthermore, its global reach extends to countries including Egypt, United States of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and the UAE. These international ties are reinforced by sales activities up to September 30, 2022.
Srivasavi Adhesive Tapes Limited Stock Quote #
- Open: ₹160.90
- High – Low: ₹161.70 – ₹158.00
- Previous Close: ₹154.00
- Total Traded Value: 1,35,000
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
Srivasavi Adhesive Tapes IPO is a Fixed Price Issue. The IPO total issue size is Rs 15.50 Cr. The Srivasavi Adhesive Tapes IPO price is ₹41 per share. The IPO will list on NSE SME.
| IPO Date | Feb 23, 2023 to Feb 28, 2023 |
| Listing Date | Mar 9, 2023 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares (aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 192,000 shares Shreni Shares |
Srivasavi Adhesive Tapes IPO Reservation #
Srivasavi Adhesive Tapes IPO a total of 3,780,000 shares are offered. RII: 1,794,000 (47.46%), NII: 1,794,000 (47.46%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 192,000 (5.08%) |
| Other Shares Offered | 1,794,000 (47.46%) |
| Retail Shares Offered | 1,794,000 (47.46%) |
| Total Shares Offered | 3,780,000 (100%) |
Srivasavi Adhesive Tapes IPO Timetable (Tentative) #
Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023, and closes on Feb 28, 2023.
| IPO Open Date | Thursday, 23 February 2023 |
| IPO Close Date | Tuesday, 28 February 2023 |
| Basis of Allotment | Friday, 3 March 2023 |
| Initiation of Refunds | Monday, 6 March 2023 |
| Credit of Shares to Demat | Wednesday, 8 March 2023 |
| Listing Date | Thursday, 9 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 28, 2023 |
Srivasavi Adhesive Tapes IPO Lot Size #
The minimum lot size of this Srivasavi Adhesive Tapes IPO is 3000 shares required is ₹123,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
| Lot Size Calculator | |||
Srivasavi Adhesive Tapes IPO Promoter Holding #
D N Anilkumara and Ashwini DA are the Promoters of the company.
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
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 | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 16.08 |
| Market Cap (₹ Cr.) | 58.11 |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
IPO Subscription Status (Bidding Detail) #
The Srivasavi Adhesive Tapes Limited IPO is subscribed 7.75 times on Feb 28, 2023 7:00:00 PM. The public issue subscribed 8.38 times in the retail category, times in the QIB category, and 7.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 7.12 |
| Retail | 8.38 |
| Total | 7.75 |
Srivasavi Adhesive Tapes IPO Prospectus #
Srivasavi Adhesive Tapes IPO Listing Details #
| Listing Date | Mar 9, 2023 |
| BSE Script Code | |
| NSE Symbol | SRIVASAVI |
| ISIN | INE0NPI01014 |
| Final Issue Price | ₹41 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹41.00 |
| ₹40.00 |
| ₹38.10 |
| ₹42.00 |
| ₹42.00 |
Company Contact Information #
No. B 100, KSSIDC Industrial Estate,
Doddaballapura,
Bangalore 561 203
Phone: 08023629383
Email: investors@vasavitapes.com
Website: http://www.vasavitapes.com/
Srivasavi Adhesive Tapes IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
