Monday 26 September 2011

Flexituff International IPO

Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.

Flexituff International has three integrated and self-sufficient manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand).

Flexituff also has a recycling and reprocessing plant at Kandla which is used for recovering polypropylene and making various compounds of plastic.

Flexituff International have a Research and Development centre at Kashipur which is engaged in the research and development of various compounds for plastic products including engineering plastic, bio-degradable plastic and other new product developments.

Flexituff International received 4 Top Exporter Awards from Ministry of Commerce for exporting FIBC and woven products from India in recent years.

Objectives of Flexituff International IPO
1. Expansion of manufacturing facilities at SEZ and DTA units at Pithampur;
2. Setting up of Dripper Project at Kashipur;
3. Working capital requirements;
4. General corporate purposes;
5. To meet Issue expenses.



Offer Opens on
Offer Closes on
Offer Price
29th Sep, 2011
5th Oct, 2011
145 - 155



CARE has assigned an IPO Grade 3(Average Fundamentals) to Flexituff International IPO

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