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17 February 2023

Srivasavi Adhesive Tapes Limited IPO Date, Allotment, and All Details

Srivasavi Adhesive Tapes Limited

Srivasavi Adhesive Tapes Limited is a company based in India that specializes in the manufacturing and sale of adhesive tapes. The company was established in 2010 and is headquartered in Hyderabad, Telangana. The company offers a wide range of adhesive tape products, including masking tapes, double-sided tapes, electrical insulation tapes, duct tapes, and others. Its products are used in various industries, such as automotive, electronics, construction, packaging, and others.

According to the DRHP filed by the company with SEBI, its revenue grew at a CAGR of 12.73% from FY2019 to FY2021. Additionally, the company reported a positive net profit in the last three fiscal years. The company aims to expand its manufacturing capacity and market share by raising funds through the IPO.

Srivasavi Adhesive Tapes Limited is committed to innovation, quality, and customer satisfaction. Its products are known for their reliability, durability, and excellent adhesive properties.

Financial Performance

Parameter	March 31, 2020 (in Rs. Lakhs)	March 31, 2021 (in Rs. Lakhs)	March 31, 2022 (in Rs. Lakhs)
Total Assets	2038.86	2263.66	2763.65
Total Revenue	4634.50	5566.61	6392.19
Profit After Tax	101.13	187.34	362.12

Objective of Srivasavi Ltd. IPO

The primary objective of Srivasavi Adhesive Tapes Limited IPO is to raise funds for the following purposes:

1. Capacity Expansion: The company plans to use a part of the funds raised through the IPO to expand its manufacturing capacity. This would enable the company to meet the growing demand for its products and expand its market share.

2. Working Capital Requirements: The company also intends to utilize a portion of the funds raised to meet its working capital requirements. This would enable the company to maintain its operations and meet its short-term obligations.

3. General Corporate Purposes: The remaining funds raised from the IPO will be used for general corporate purposes such as capital expenditures, debt repayment, and other business needs.

By raising funds through the IPO, the company aims to strengthen its position in the adhesive tapes industry, expand its market presence, and improve its financial performance. However, investors should note that the actual utilization of funds may differ from the stated objectives and depend on various internal and external factors.

Srivasavi Adhesive IPO Details

IPO Date	Feb 23, 2023 to Feb 28, 2023
Allotment	Mar 03, 2023
Listing Date	Mar 09, 2023
Face Value	10 per Equity share
Issue Price	₹41 Per Equity Shares
Issue Size	₹37,80,000 shares (INR 15.50 crore)
Market Lot (min. Amt.)	3000 Shares ( ₹123000/-)
Listing on	NSE BSE
Lead Manager	Shreni Shares Private Limited
Registrar	Bigshare Services Private Limited

Company Promoters of Srivasavi Ltd.

The promoters of Srivasavi Adhesive Tapes Limited are:

1. Ashwini DA
2. D N Anilkumara

As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 97.88% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to 74.19% of the post-issue paid-up equity share capital.

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