How To Check Purv Flexicap IPO Allotment Status

The Purv Flexipack IPO, which opened for subscription on February 27 and closed on February 29, IPO saw exceptional demand, with the subscription status reaching a staggering 421.78 times on the final day. The Purv Flexipack IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Purv Flexicap IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Purv IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Purv Flexipack" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Purv Flexipack IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Purv Flexipack IPO allotment status will be visible.

See Also: How To Check Platinum IPO Allotment Status

Purv Flexipack IPO Subscription Status

The Purv Flexipack IPO received an overwhelming response from both retail and non-institutional investors, with their portions being subscribed 448.73 times and 690.72 times respectively. The portion reserved for Qualified Institutional Buyers (QIBs) was also heavily oversubscribed at 157.32 times.

Purv Flexipack IPO Details

The ₹40.21 crore IPO consisted entirely of a fresh issue of 56,64,000 equity shares, with no offer-for-sale component. The net proceeds from the issue are intended to be utilized for working capital requirements, general corporate purposes, and repayment of certain current borrowings. The Purv Flexipack IPO had a price band set between ₹70 to ₹71 per share, with a lot size of 1,600 shares.

The company is engaged primarily in the distribution of plastic-based products, including various films, granules, and chemicals.

Purv Flexipack IPO GMP

GMP for Purv Flexipack IPO was reported at ₹112, indicating a significant premium in the grey market trading. With this premium and considering the upper end of the IPO price band, the expected listing price was ₹182 per share, representing a substantial increase of 157% from the IPO price. It's important to note that while IPO GMPs can offer insights into market sentiment regarding an IPO, they shouldn't taken as the sole determinant of the stock's performance upon listing.

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Posted In: NewsIPOsPurv Flexipack