Incorporated in 2010, Srivasavi Adhesive Tapes Limited is engaged in manufacturing, coating, converting, and Die cuts of industrial Specialty self-adhesive tapes. Srivasavi is an ISO 9001:2015 certified company certified by TUV Nord.
Srivasavi Adhesive Tapes Limited customized die cuts of Films, Foams, and allied products. It caters 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 company serves its customers with a 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.
Srivasavi Adhesive widely has two business divisions
- Domestic Sales
- Exports
The company has a presence in 23 states in the domestic market base. And Internationally they supply products in including Egypt, United State of America, France, Kuwait, Poland, Qatar, Spain, Australia, Italy, South Africa, Indonesia, Sri Lanka, and UAE based on sales made for the period ended September 30, 2022.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,038.86 | 4,634.50 | 101.13 | 494.07 | 369.34 | 572.93 |
| 31-Mar-21 | 2,263.66 | 5,566.61 | 187.34 | 681.41 | 556.68 | 395.02 |
| 31-Mar-22 | 2,763.35 | 6,392.19 | 362.12 | 1,043.53 | 918.80 | 607.08 |
| 30-Sep-22 | 3,051.98 | 3,072.61 | 180.73 | 1,224.25 | 184.84 | 600.06 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding working capital requirements;
- General corporate purposes.
Srivasavi Adhesive Tapes IPO Details
| IPO Date | Feb 23, 2023 to Feb 28, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Issue Size | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Fresh Issue | 3,780,000 shares of ₹10 (aggregating up to ₹15.50 Cr) |
| Market Maker portion | 192,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 11.77 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| Company Promoters | D N Anilkumara and Ashwini DA are the Promoters of the company. |
Srivasavi Adhesive Tapes IPO Tentative Timetable
Srivasavi Adhesive Tapes IPO opens on Feb 23, 2023, and closes on Feb 28, 2023. The Srivasavi Adhesive Tapes IPO bid date is from Feb 23, 2023 10.00 A.M. to Feb 28, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 23, 2023 |
| Closing Date | Feb 28, 2023 |
| Basis of Allotment | Mar 3, 2023 |
| Initiation of Refunds | Mar 6, 2023 |
| Credit of Shares to Demat | Mar 8, 2023 |
| Listing Date | Mar 9, 2023 |
Srivasavi Adhesive Tapes IPO Lot Size
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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| HNI (Min) | 2 | 6,000 | ₹246,000 |
Srivasavi Adhesive Tapes IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 73.21% |
Srivasavi Adhesive Tapes IPO Review
The company is one of the players in industrial specialty self-adhesive tapes and has posted growth in its working for the reported periods. Based on its latest financials, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long term. Read detail review…
Srivasavi Adhesive Tapes IPO Subscription Status (Bidding Detail)
The Srivasavi Adhesive Tapes IPO is subscribed 0.94 times on Feb 27, 2023 11:52:00 AM. The public issue subscribed 0.69 times in the retail category, times in the QIB category, and 1.19 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 1.19 |
| Retail | 0.69 |
| Total | 0.94 |
Srivasavi Adhesive Tapes IPO Prospectus
Company Contact Information
Srivasavi Adhesive Tapes Limited
No. B 100, KSSIDC Industrial Estate,
Doddaballapura,
Bangalore 561 203
Phone: 08023629383
Email: investors@vasavitapes.com
Website: http://www.vasavitapes.com/
Srivasavi Adhesive Tapes IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com