IPO Issue Details
Issue Price / Price Band₹155 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size40 Shares per Lot
Total Issue Size67,50,000 shares (aggregating up to ₹104.63 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 29 Sep 2011
Subscription CloseWed, 05 Oct 2011
Anchor AllotmentWed, 28 Sep 2011
Basis of AllotmentTue, 11 Oct 2011
Initiation of RefundsWed, 12 Oct 2011
Credit of Shares to DematWed, 12 Oct 2011
Listing DateWed, 19 Oct 2011
UPI Mandate Deadline2011-10-05
Application & Investment Details
Retail — Min (1 Lots)₹6,200 — 40 shares
Retail — Max (13 Lots)₹80,600 (13 Lots)
HNI — Min (33 Lots)₹2,04,600 — 1,320 shares
Pre-IPO Promoter Holding1,72,12,110 shares
Post-IPO Promoter Holding2,17,12,110 shares
Fresh Issue Shares45,00,000 shares (aggregating up to ₹69.75 Cr)
Offer for Sale Shares22,50,000 shares of ₹10 (aggregating up to ₹34.88 Cr)
About Flexituff International Ltd.
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.Company has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand). Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.Company received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years. Check out Presentation for Investors by Flexituff International.
Objects of the Issue
Flexituff International Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Expansion of manufacturing facilities at SEZ and DTA units at Pithampur
18.93
2
2 Setting up of Dripper Project at Kashipur
8.10
3
3 Working capital requirements
25.00
4
4 General corporate purposes
11.24
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,72,12,110 shares
Post-IPO Promoter Holding
2,17,12,110 shares