Flexituff International , a leading integrated manufacturer of flexible intermediate bulk containers (FIBC), closed with 7% premium at Rs 165.55 a share on listing day. The stock has touched an intra-day high of Rs 187.70 and low of Rs 142, after opening at Rs 156.90 on the National Stock Exchange.

It opened steady at Rs 155 from its issue price. The scrip has hit a high of Rs 185.40 and low of Rs 142. A total of 17,527,978 shares changed hands on the BSE.

Flexituff International is manufacturer of FIBC, geo-textile fabric and ground cover, reverse printed BOPP woven bags, special PP bags including leno bags at its 3 manufacturing units located in Pithampur (M.P.) and Kashipur (Uttrakhand).

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

Its subsidiary, Lakshmi Incorporated, U.S.A manufactures reclosable extruded zipper profile which is used as a secondary closure for 5-50 kg bags.

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