Flexituff IPO: Review Analysis & Details of Flexituff IPO

In this article we'll talk about the Review, analysis, details and information about Flexituff IPO.

Flexituff international Ltd. which manufactures

flexible intermediate bulk containers (FIBCs) is about to come up with its

Initial Public Offering (IPO) in the month of September. First let's start with the

review analysis and details of the

Flexituff IPO.

Flexituff IPO: Review, Analysis and Details

The size of the IPO is 67.5 lakh of equity shares. This comprises of a sale of 22.5 lakh shares by Clearwater Capital Partners (Cyprus) Limited. The rest 45 lakh equity shares will be as fresh issue. Company is planning to raise about 100 crore from this IPO. IPO will contribute about 25.97% of its total income and Clearwater Capital Partners (Cyprus) will add about 15.77% to there total income.

What are the primary reasons for Flexituff International Ltd. to come out with the Flexituff IPO? The primary reason behind this IPO is to collect money from public and use it in expansion of the manufacturing capacity of its present industries. Another reason is that, the company wants to improve manufacturing facilities by implementing latest technologies in its present industries.

So what is the needs of Flexituff International Ltd. to come out with the Flexituff IPO? The company officials mentioned that the amount contributed by this IPO will be used for the following causes: 1) Expansion of facilities at SEZ and DTA units at Pithampur. 2) Company wants to set up Dripper project at Kashipur. 3) To meet the working capital requirements.

What is the issue size of the Flexituff IPO? The issue size of the IPO is 67.5 lakh equity shares. This is distributed in two parts: 1) 45 lakh of equity shares for fresh issue. 2) 22.5 lakh of equity shares for Clearwater Capital Partners (Cyprus) Limited.

What is the price band of Flexituff IPO? The price band of this IPO is fixed between Rs 145 to Rs 155.

How many shares will be sold in the Flexituff IPO? 45 lakh of equity shares will be sold under Flexituff IPO.

What are the IPO dates for Flexituff IPO? The issue date for the Flexituff IPO will be from 29th September till 4th October.

How will the capital raised by L&T Finance IPO be used? The company officials mentioned that the amount contributed by this IPO will be used for the following causes: 1) Expansion of facilities at SEZ and DTA units at Pithampur. 2) Company wants to set up Dripper project at Kashipur. 3) To meet the working capital requirements.

Any ratings given to Flexituff IPO? No information about that as of now.

What are the analysts' recommendations and business results for Flexituff IPO? At the end of 31st march, 2011, the net profit reported by the company was Rs 30.97 crore. Whereas the total income was 618.39 crore, which is very good as compared to other companies.