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Purv Flexipack is finalizing IPO share allotment. Investors can check status on Link Intime India's website. Priced at Rs 71, shares trade with a premium of Rs 110. Proceeds will be used for debt repayment and working capital. Holani Consultants is the lead manager.
Purv Flexipack's IPO aims to raise Rs 40.21 crore by offering shares at Rs 70-71. It is a DCA and DOPW, distributing plastic products. The IPO opens on February 27 and reserves portions for different types of investors.
Sah Polymers Limited makes a strong debut on the exchanges to close 37.31% premium to its issue price.
Udaipur, Rajasthan-based Sah Polymers Limited, has received capital markets regulator, Securities and Exchange Board of India's approval to raise funds through an initial public offering.
The Company clocked post-tax profits margin of over 6% as pert the nine months period financials.