Purv Flexipack Ltd
NNSE:PURVFLEXI37.85
INR
-1.95
(-4.90%)
Purv Flexipack Ltd
NSE:PURVFLEXI
(National Stock Exchange of India)
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- Purv Flexipack Ltd. (PURVFLEXI:NSI) distributes plastic-based raw materials and products primarily for the flexible packaging industry in eastern and northeastern India. The company offers Biaxially Oriented Polypropylene (BOPP) films including HS BOPP, matt BOPP, glossy/plain/printing grade BOPP, tape/textile BOPP and pearlized BOPP; polyester films; Cast Polypropylene (CPP) films; plastic granules; inks; adhesives such as laminating adhesives; masterbatches; ethyl acetate; and titanium dioxide. It also provides value-added services including customized roll slitting from jumbo rolls (2000mm to 50mm), pouching facilities, inventory management with barcode scanning, and transportation via owned and partnered fleets; additionally, the company operates as a Del Credere Associate (DCA) Dealer Operated Polymer Warehouse (DOPW) for Indian Oil Corporation Limited's polymer division. Purv Flexipack maintains four strategically located warehouses in prime industrial zones and serves diverse customers in the packaging sector with comprehensive solutions under one roof. Founded in 2005 as Purv Flexipack Private Limited in Kolkata, West Bengal, where its headquarters are located (Annapurna Apartment, Suit 1C, 1st Floor, 23 Sarat Bose Road), the company transitioned to a public limited entity in 2023 and successfully completed its initial public offering (IPO) on NSE Emerge in March 2024, raising Rs 40.21 crore at Rs 71 per share for repayment of borrowings, working capital funding, and general corporate purposes. It holds dealership agreements with key suppliers including SRF Limited, Poddar Pigments Limited, and Indian Oil Corporation Limited, covering products like polyester/BOPP films, polyethylene/polypropylene, and adhesives across various Indian regions on perpetual or fixed terms. The company, part of the Purv Group with roots tracing to 1994 via SR Enterprise, has investments in subsidiaries and step-down subsidiaries such as Cool Caps Industries Limited (NSE SME-listed manufacturer of plastic bottle caps and closures), Purv Technoplast Private Limited (PET bottle recycling), Purv Packaging Private Limited (sterilized/antimicrobial films), Purv Ecoplast Private Limited (multilayer flexible films and zip lock bags), and Re.act Waste Tech Private Limited (plastic waste management and EPR consultancy). A branch office operates in Guwahati, supporting distribution in East and North Eastern states.