Are you looking to invest in a promising IPO with high potential returns? Look no further than Purv Flexipack, an upcoming SME IPO opening for subscription this week! This article delves into everything you need to know about the Purv Flexipack IPO, including its grey market premium (GMP), minimum investment amount, and potential listing date.
Strong Demand in the Grey Market
The Purv Flexipack IPO, priced at ₹70-₹71 per share, is already generating significant buzz in the grey market. As of February 25th, the company’s shares were trading at a premium of ₹125 on BSE, indicating strong investor demand. This translates to a potential listing price of ₹196, offering a whopping 176% potential profit for early investors.
What is the Minimum Investment Amount?
A lot size of 1600 shares has been allocated for retail investors, requiring a minimum investment of ₹1,13,600. Additionally, 35% of the total IPO size is reserved for retail investors, offering them a fair chance to participate in the company’s growth journey.
Key Details of the Purv Flexipack IPO
| Detail | Information |
|---|---|
| Issue Size | ₹40.21 crore |
| Issue Type | Fresh Issue |
| Number of Shares | 56.64 lakh |
| Price Band | ₹70-₹71 per share |
| Minimum Lot Size | 1600 shares |
| Minimum Investment | ₹1,13,600 |
| Subscription Dates | February 27th – 29th, 2024 |
| Allotment Date | March 1st, 2024 |
| Listing Platform | NSE SME |
Things to Consider Before Investing
While the high GMP suggests positive sentiment, it’s crucial to conduct thorough research before investing in any IPO. Analyze the company’s financials, understand its business model, and assess its future growth potential. Remember, the grey market is unregulated and not an indicator of future performance.
Conclusion:
The Purv Flexipack IPO presents a potentially lucrative opportunity for investors seeking high returns. However, cautious research and due diligence are essential before making any investment decisions. By weighing the risks and rewards, you can decide whether this IPO aligns with your investment goals and risk tolerance.
