Srivasavi Adhesive Tapes IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 28, 2023Let’s have a detailed review of the company and analytics of the Srivasavi Adhesive Tapes IPO release date, IPO offer price, subscription, Srivasavi Adhesive Tapes Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 41 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Mar 9, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,550 Lakh |
| IPO Size | Rs 1,550 Lakh |
| Tick Size | 1 |
Srivasavi Adhesive Tapes IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Srivasavi Adhesive Tapes Share Price |
Srivasavi Adhesive Tapes IPO – Summary
They are an ISO 9001:2015 certified company certified by TUV Nord and engaged in manufacturing/ coating, converting and Die cuts of industrial Specialty self-adhesive tapes,
They do customized 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
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 Promoter of this company is D N ANILKUMARA AND ASHWINI D A. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Srivasavi Adhesive Tapes IPO Date
The opening and closing dates of Srivasavi Adhesive Tapes IPO are Feb 23, 2023 and Feb 28, 2023 respectively.
Srivasavi Adhesive Tapes IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 23rd Feb | 0.68x | 0.18x | 0.43x |
| 2nd Day – 24th Feb | 1.15x | 0.41x | 0.78x |
| 3rd Day – 27th Feb | 1.46x | 1.39x | 1.42x |
| 4th Day – 28th Feb | 7.11x | 8.27x | 7.69x |
| Shares Offered or Net Issue | 1,794,000 | 1,794,000 | 3,588,000 |
The shares subscribed by the public will be updated here.
Srivasavi Adhesive Tapes IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Srivasavi Adhesive Tapes Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Mar 3, 2023 |
| Refunds Initiation | Mar 6, 2023 |
| Credit of Shares to Demat Account | Mar 8, 2023 |
| Share Listing Date | Mar 9, 2023 |
Srivasavi Adhesive Tapes IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.41
Srivasavi Adhesive Tapes IPO Equity Size
This Initial Public Issue of 3,780,000 Equity Shares of Rs.10 each for cash at a price of Rs.41 per equity share aggregating to Rs.1,550 Lakh.
Srivasavi Adhesive Tapes IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,780,000 Equity Shares of Rs.10/ each.
Issue Size: 3,780,000 Equity Shares of Rs.10 each, aggregating to Rs.1,550 Lakh
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Srivasavi Adhesive Tapes IPO – Live Performance
The listing date of this IPO is Mar 9, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Srivasavi Adhesive Tapes Share Price |
Srivasavi Adhesive Tapes IPO Grey Market Premium
The Srivasavi Adhesive Tapes Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Srivasavi Adhesive Tapes IPO – Company Overview
They have two business divisions (i) domestic sales; and (ii) exports. They have presence in 23 states for their domestic market based on sales made for the period ended September 30, 2022.
Internationally they supply products in 13 countries such as Egypt, France, Indonesia, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Sri Lanka, United State of America and UAE based on sales made for the period ended September 30, 2022.
For the period ended September 30, 2022 and for the Fiscals 2022, 2021 and 2020 their revenue from exports was Rs 39.45 lakhs, Rs. 288.58 lakhs, Rs. 341.55 lakhs and Rs. 217.85 lakhs contributed 1.29%, 4.55%, 6.18%, and 4.74% respectively of their revenue from operations.
Srivasavi Adhesive Tapes IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3051.98 | 2763.35 | 2263.66 | 2038.86 |
| *Total Revenue | 3072.61 | 6392.19 | 5566.61 | 4634.50 |
| Total Expense | 2849.66 | 5908.31 | 5311.51 | 4457.98 |
| Profit After Tax | 180.73 | 362.12 | 187.34 | 101.13 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 1.74 | 3.48 | 1.80 | 0.97 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 180.73 Lakh, Rs. 362.12 Lakh, Rs. 187.34 Lakh and Rs. 101.13 Lakh respectively.
Srivasavi Adhesive Tapes IPO – Promoters
The Promoter of this company is:
- D N ANILKUMARA
- ASHWINI D A
List of Related Parties (Key Managerial Personnel)
- D N Anilkumara, Chairman and Managing Director
- Ashwini D A, Executive Director
- Rathnamma K N, Non-Executive Director
- Prajakta Sangoram, Non-Executive Independent Director
- Gopi D K, Non-Executive Independent Director
- Giriraj Bhutra, Non-Executive Independent Director
Srivasavi Adhesive Tapes IPO – Promoters Holding
- Pre-Issue Share Holding – 99.84%
- Post Issue Share Holding – 73.21%
Srivasavi Adhesive Tapes IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 37,80,000 Equity Shares aggregating up to Rs.1,549.80 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,92,000 Equity Shares aggregating up to Rs.78.72 Lakh |
| Net Issue to the Public | Up to 35,88,000 Equity Shares aggregating up to Rs.1,471.08 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 17,94,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,94,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,03,94,166 Equity Shares |
| Equity Shares outstanding after the Issue | 1,41,74,166 Equity Shares |
Srivasavi Adhesive Tapes IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding working capital requirements; and
2. General corporate purposes.
Srivasavi Adhesive Tapes IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Srivasavi Adhesive Tapes IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Their Product portfolio.
- Customer base across geographies and industries.
- Leveraging the experience of their promoters.
- Quality assurance.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.48 | 34.70 | 10.04 |
| 31-Mar-21 | 1.80 | 27.49 | – |
| Mar-20 | 0.97 | 20.47 | – |
Srivasavi Adhesive Tapes IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Srivasavi Adhesive Tapes Limited | 10 | [●] | 3.48 | 34.70 | 6392.19 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Srivasavi Adhesive Tapes IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India. Telephone: 22-2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Contact Person: Krunal Pipalia Website: www.shreni.in SEBI Registration Number: INM000012759 |
Srivasavi Adhesive Tapes IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th floor Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400 093, Maharashtra, India. Telephone: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Swapnil Kate SEBI Registration No.: INR000001385 |
Srivasavi Adhesive Tapes IPO – Other Details
- Statutory Auditor – M/s C S M R & Associates, Chartered Accountants
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – Kotak Mahindra Bank Limited
Srivasavi Adhesive Tapes IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Srivasavi Adhesive Tapes Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Srivasavi Adhesive Tapes IPO Review FAQs
Check out various FAQs related to Srivasavi Adhesive Tapes IPO:
What is the Issue Size of Srivasavi Adhesive Tapes IPO?
The Company is making an initial public offer of 3,780,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Srivasavi Adhesive Tapes IPO?
The price band for this particular IPO ranges between Rs 41. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Srivasavi Adhesive IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 23, 2023, while the closing date is set at Feb 28, 2023.
What is the Srivasavi Adhesive IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 3, 2023, refund initiation is on Mar 6, 2023, credit of shares is on Mar 8, 2023, and share listing date is on Mar 9, 2023.
What is the Srivasavi Adhesive IPO Listing Date?
Shares of this company shall be listed in the exchanges Mar 9, 2023. The date, when the listing would be done, is stagnant on Mar 9, 2023.
Who is the Registrar of Srivasavi Adhesive IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Srivasavi Adhesive IPO?
Here are the promoters of this IPO – D N ANILKUMARA AND ASHWINI D A. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Srivasavi Adhesive IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Srivasavi Adhesive Tapes IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Srivasavi Adhesive Tapes Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 362.12, 2021 is 187.34, and 2020 is 101.13. PAT from Sep 2022 is 180.73.
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