Srivasavi Adhesive Tapes Limited IPO
i. Srivasavi Adhesive 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.
ii. For the period ended September 30, 2022 and for the Fiscals 2022, 2021 and 2020 the 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.
iii. Srivasavi Adhesive Tapes is also engaged in manufacturing of its products for third party customers and the same is supplied according to their specific branding requirements.
iv. The company’s product portfolio includes industrial speciality self-adhesive tapes, which are made out of film, foam, foil, fabric and paper, with different kind of adhesive system to suit industrial application and specification oriented adhesive tapes. They make Filament tapes, Fiber glass fabric tapes, polyester tapes, cotton fabric tapes, Double sided tapes, scrim tapes, reinforced foil tape, reinforced paper tape, high temperature resistant polyester tapes, Aluminum foil tapes, ECO friendly paper tapes, BOPP Packaging tapes, Protection tapes, Masking tapes, Foams Tapes etc.
v. The company believes that maintaining a variety of products in its business provides them with an opportunity to cater to diverse needs of different customer segment such as Automotive, Locomotives, Aerospace, Defence, Electrical & Electronics, Renewable Energy, Solar, Print & Paper, Food & Pharma, FMCG, White & Brown Goods, Furniture, Retail, Construction, Infrastructure, Sports & Fitness Equipment, Textiles & Leather Industries.
vi. Srivasavi Adhesive products undergo quality check at various levels of production to ensure that any quality defects or product errors are rectified on real time basis.
vii. The raw materials are majorly procured from domestic states such as Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, West Bengal, Jharkhand, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana and Andhra Pradesh and in the international markets the raw materials are procured from America, China, Hong Kong, Italy, Korea, Malaysia, Norway, Singapore, Taiwan, Catawba, Spain, Taiwan and UAE.
viii. Competitive Strengths
a. Product portfolio
b. Customer base across geographies and industries
c. Leveraging the experience of the promoter
d. Quality assurance
Objects of the Srivasavi Adhesive Tapes Limited IPO:
Srivasavi Adhesive Tapes Limited IPO Details:
|Open Date:||Feb 23 2023|
|Close Date:||Feb 28 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||15.50 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 41 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Mar 09 2023|
Promoters And Management:
Financials of Srivasavi Adhesive Tapes Limited IPO:
|Particulars ( In Lakhs )||6MFY23||2022||2021||2020|
|Revenue from Operations||3057||6343||5525||4600|
|Cost of Materials Consumed||2516||5275||4632||3893|
|Changes in inventories||-||-||-||-|
|Employee Benefits Expense||207||394||408||331|
|Depreciation & Amortisation||35||73||62||52|