Srivasavi Adhesive Tapes IPO

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Srivasavi Adhesive Tapes IPO opens on 23rd February, and closes on 28th February. The issue entails fresh issue of 3,780,000 equity shares aggregating upto Rs. 15.50 crores and market maker position size is 1,92,000 equity shares. The issue will be listed on NSE SME on 9th March while the shares for the same will be allotted on 3rd March. The lot size has been set for 3000 shares per lot while the price is set for Rs. 41 per share. The company is promoted by D N Anilkumara and Ashwini DA. Shreni Shares Pvt. Ltd. is the leading book manager for the issue. 

Objective of Srivasavi Adhesive Tapes IPO

The net proceeds from the issue will be utilised for: 

1.    Funding working capital requirements;
2.    General corporate purposes.
 

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.

It also serves wide range of pressure sensitive adhesive tapes, BOPP tapes, Eco Friendly paper Tapes, Filament tapes, Double Side tapes, Packaging tapes, Specialty Protection tapes, Surface Protection tapes, Masking tapes, Specialty Foams/ Films.

The company also manufactures products for third party customers as per their requirements. The raw materials for the manufacturing are either procured locally or imported from suppliers who have quality products, price, reliability, delivery time and credit terms. 

The raw materials are majorly procured from domestic states such as Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, West Bengal, Jharkhand, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana and Andhra Pradesh and in the international markets the raw materials are procured from America, China, Hong Kong, Italy, Korea, Malaysia, Norway, Singapore, Taiwan, Catawba, Spain, Taiwan and UAE.

The company has presence in 23 states for its domestic sales and internationally, it supplies to Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE. 

Check out web-stories on Srivasavi Adhesive Tapes IPO

Peer Comparison

There are no listed Companies in India which are focused exclusively on the segment in which it operates and are comparable according to its size of financials and product portfolio.