IPO

DETAILS

SME

Published : 22 Feb 2023

Open Date

23 Feb 2023

28 Feb 2023

3000 

₹15.50 Cr

Close Date

Lot Size

IPO Size

Listing At

NSE SME

Listing Date

09 Mar 2023

Price Range

₹41 per share 

The company is engaged in manufacturing/ coating, converting and Die cuts of industrial Specialty self-adhesive tapes. It makes custom die cutes of Films, Foams and allied products catering to various 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 Industries.

The Srivasavi Adhesive Tapes IPO comprises of fresh issuance of 3,780,000 equity shares aggregating upto ₹15.50 Cr.

The net proceeds from the  Srivasavi Adhesive Tapes IPO will be used for: •    Funding working capital requirements of the company •    General corporate purposes

The Srivasavi Adhesive Tapes IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).

The allotment date of  Srivasavi Adhesive Tapes IPO is set for 3rd March

Agarwal Float Glass India IPO Promotors are: ● D N Anilkumara ● Ashwini DA

Shreni Shares Private Limited is the book running lead managers to the issue.