Srivasavi Adhesive Tapes Limited IPO : Key Info.

Srivasavi Adhesive Tapes Limited IPO is set to launch on 23 Feb, 2023. The company initiated its business operations in the year 2010. The company is involved in manufacturing, converting, coating and die cuts of industrially specialised self adhesive tapes. Its products are utilised into multiple industries like Aerospace, Automobile, Defence, locomotives, renewable Energy, Electrical and Electronics, Food, Pharma, Print, Paper, Furniture, FMCG, White and Brown Goods, Construction, Sports and FItness, Infrastructure, textiles etc. 

The company’s networking allows it to serve more than 23 states in India. Alongside this the company also does exports for its products. Its products are sold in Indonesia, Egypt, Spain, Qatar, Poland, Kuwait, France, USA, UAE, South Africa, Australia, etc.

Srivasavi Adhesive Tapes Limited IPO DETAILS

Srivasavi Adhesive Tapes Limited IPO is set to launch on 23 Feb., 2023. The subscription timeline extends till 28 Feb, 2023. The size for the IPO is 15.50 Crore Rs. Shares issued through fresh issue mode are worth 15.50 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 41 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Srivasavi Adhesive Tapes Limited IPO

IPO OPENING DATE	23 Feb., 2023
CLOSING DATE FOR IPO	28 Feb, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	41 Rs per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	15.50 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	15.50 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	9 March, 2023

Srivasavi Adhesive Tapes Limited IPO : IMPORTANT DATES

IPO OPENING DATE	23 Feb., 2023
CLOSING DATE FOR IPO	28 Feb., 2023
IPO ALLOTMENT DATE	3 March, 2023
REFUNDS	6 March, 2023
DEMAT A/C CREDITED ON	8 March, 2023
IPO LISTING DATE	9 March, 2023

Srivasavi Adhesive Tapes Limited IPO begins for subscription from 23 Feb., 2023. The IPO subscription would continue till 28 Feb., 2023. The allotment status for the shareholders who applied would come on 3 March, 2023. The refunds for the ones who did not get allotment would be initiated on 6 March, 2023. The DEMAT accounts of shareholders would be credited on 8 March, 2023. The listing of the company would be accompanied on 9 March 2023.

Srivasavi Adhesive Tapes Limited IPO : Lead Managers

The lead managers are :

• SHRENI SHARES Private Limited

The minimum lot size for the company is decided at  3000 shares. This holding accounts to  123000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 246000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	123000 Rs.
Maximum	6000 shares	246000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The money raised will be also utilised for the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	2038	2263	2763
Revenue	4634	5566	6392
PAT	101	188	363

Srivasavi Adhesive Tapes Limited had an asset base of 2038 Lakh Rs in 2020 which increased to 2263 Lakh Rs in 2021 and 2763 Lakh Rs in 2022. The revenue of the firm was 4634 Lakh Rs in 2020 which increased to 5566 Lakh Rs in 2021 and 6392 Lakh Rs in 2022. The profits of the company also increased from 101 Lakh Rs in 2020 to 188 Lakh Rs in 2021 and 363 Lakh Rs in 2022. Hence the overall financial performance of the company is constantly getting better.

PROS

• The asset base of the company is constantly increasing.
• Its products are utilised into multiple industries like Aerospace, Automobile, Defence, locomotives, renewable Energy, Electrical and Electronics, Food, Pharma, Print, Paper, Furniture, FMCG, White and Brown Goods, Construction, Sports and FItness, Infrastructure, textiles etc.
• It sells its products in 23 states in India. Alongside this the company also does exports for its products. Its products are sold in Indonesia, Egypt, Spain, Qatar, Poland, Kuwait, France, USA, UAE, South Africa, Australia,

CONS

• The company works in a highly competitive segment.

Srivasavi Adhesive Tapes Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Srivasavi Adhesive Tapes Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.