Silkflex Polymers Limited IPO is an NSE SME IPO. They are going to raise ₹18.11 Crores via IPO. The issue is priced at ₹52 to ₹52 per equity share. The IPO is to be listed on NSE.
Silkflex Polymers Limited IPO opens for subscription on May 07, 2024, and closes on May 10, 2024. The allotment for the Silkflex Polymers Limited IPO is expected to be finalized on May 13, 2024. Silkflex Polymers Limited IPO will list on NSE SME with tentative listing date fixed as May 15, 2024.
| IPO Details | allotment |
| Minimum Investment ₹104,000 /1 Lot (2000 shares) | Price Range ₹52-₹52 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹104,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 11.18 Cr | Employee Discount ₹0 |
| Total Issue Size 3,482,000 Shares (aggregating up to ₹11.18 Cr) | Share Holding Pree Issue 8,125,000 | Issue Type Fixed Price Issue IPO |
| Fresh Issue Share 3,482,000 Shares (aggregating up to ₹11.18 Cr) | Share Holding Post Issue 11,607,000 | Listing At NSE SME |
| Market Maker Portion 178,000 Shares (Shreni Shares) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 07 May 2024 |
| Offer Ends | 10 May 2024 |
| Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Credit of shares to Demat account | 14 May 2024 |
| IPO Listing | 15 May 2024 |
About Silkflex Polymers Limited
Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand.
As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month.
The company sells its products in five Indian states – West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.
| Incorporated in | Managing Director |
| 2016 | Mr. |
Share Holding
The Promoters of the Company are Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.
| Share Holding Pre-Issue | 99.84% |
| Share Holding Post-Issue | 69.89% |
Silkflex Polymers Limited IPO Prospectus
| Silkflex Polymers Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹3,442.25 | ₹2,804.52 | ₹2,096.07 |
| Assets | ₹2,374.73 | ₹1,968.81 | ₹1,314.06 |
| Profit | ₹78.59 | ₹68.59 | ₹45.35 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 60.36Cr | ROE | 23.91% |
| P/E (X) | 53.76 | ROCE | 41.04% |
| POST P/E (X) | 17.64 | EPS | 0.97 |
| Debt to Equity | 1.6 | RONW | 23.91% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Acquisition of land
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
- Funding Working Capital Requirements of the Company.
- General corporate purposes.
Brokerage Firm IPO Review
- To be updated soon
| Silkflex Polymers Limited Contact Details | |
| Address | Silkflex Polymers Limited Daga Complex Sulati Jaladhulagori Sankrail, Howrah-711302 |
| Phone: | +91 9674912615 |
| investors@silkflexindia.in | |
| Website | https://silkflexindia.in/ |
| Silkflex Polymers Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Silkflex Polymers Limited IPO Allotment Status Check |
| Silkflex Polymers Limited IPO Allotment Status Check Click Here |
| Silkflex Polymers Limited Lead Managers | |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumb | |
| Phone | +91 22 2808456 |
| shrenishares@gmail.com | |
| Website | http://shreni.in/ |
Silkflex Polymers Limited IPO FAQs
What is Silkflex Polymers Limited IPO?
- Silkflex Polymers Limited IPO is an NSE SME IPO. They are going to raise ₹18.11 Crores via IPO. The issue is priced at ₹52 to ₹52 per equity share. The IPO is to be listed on NSE.
- The IPO opens on May 07, 2024, and closes on May 10, 2024.
When Silkflex Polymers Limited IPO will open?
- The IPO is to open on May 07, 2024, for NII, and Retail Investors. and closes on May 10, 2024
What is Silkflex Polymers Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is Silkflex Polymers Limited IPO Size?
- Silkflex Polymers Limited IPO size is ₹18.11 crores.
What is Silkflex Polymers Limited IPO Price Band?
- Silkflex Polymers Limited IPO Price Band is ₹52 to ₹52 per equity share.
What is Silkflex Polymers Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹104,000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹104,000
What is Silkflex Polymers Limited IPO Allotment Date?
- Silkflex Polymers Limited IPO allotment date is May 13, 2024.
What is Silkflex Polymers Limited IPO Listing Date?
- Silkflex Polymers Limited IPO listing date is May 15, 2024. The IPO to list on NSE.