The Durlax Top Surface Limited date has been confirmed from June 19, 2024 and closes on June 21, 2024 . Read the post to learn about Durlax Top Surface Limited IPO GMP.
Durlax Top Surface IPO is a book built issue of Rs 40.80 crores. The issue is a combination of fresh issue of 42 lakh shares aggregating to Rs 28.56 crores and offer for sale of 18 lakh shares aggregating to Rs 12.24 crores. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
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Key Details Of Durlax Top Surface Limited IPO
Bidding Dates
June 19-21
Price Range
₹65 to ₹68 per share
Face Value
₹10 per share
GMP
₹40
Durlax Top Surface Limited IPO GMP
The Durlax Top Surface Limited IPO GMP is ₹40.
IPO Overview
Durlax Top Surface IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the Durlax Top Surface IPO is expected to be finalized on Monday, June 24, 2024. Durlax Top Surface IPO will list on NSE SME with tentative listing date fixed as Wednesday, June 26, 2024. Durlax Top Surface IPO price band is set at ₹65 to ₹68 per share. The minimum lot size for an application is 2000 Shares.
Durlax Top Surface Limited IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹40.80 Cr) |
| Fresh Issue | 4,200,000 shares (aggregating up to ₹28.56 Cr) |
| Offer for Sale | 1,800,000 shares of ₹10 (aggregating up to ₹12.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,427,701 |
| Share holding post issue | 16,627,701 |
| Market Maker portion | 300,000 shares |
Durlax Top Surface Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,782.04 | 7,205.30 | 5,757.66 |
| Revenue | 6,684.20 | 4,741.81 | 1,974.00 |
| Profit After Tax | 262.59 | 80.66 | -82.51 |
| Net Worth | 1,726.37 | 1,294.28 | 1,213.62 |
| Reserves and Surplus | 430.20 | 1,223.20 | 1,142.54 |
| Total Borrowing | 3,690.93 | 3,929.82 | 3,746.74 |
| Amount in ₹ Lakhs | |||
Durlax Top Surface Limited IPO Timeline
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
Company Profile
Established in 2010, Durlax Top Surface Limited, previously known as Durlax Archtech Private Limited, produces solid surface materials sold throughout India. The company has two brands: LUXOR and ASPIRON. LUXOR offers acrylic UV solid sheets, while ASPIRON provides modified solid sheets. Both brands offer seamless designs and antibacterial and fire-retardant properties, ensuring a wide range of high-quality solid sheets.
These products are used in various industries like residential,
commercial, hospitality, healthcare, and outdoor projects, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, and more. The manufacturing facility is in Vapi, Gujarat, and as of September 25, 2023, the company had 70 employees.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Durlax Top Surface Limited |
| Phone number | +91-75067 99831 |
| Email ID | [email protected] |
| Website | durlax.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Durlax Top Surface Limited IPO FAQs
When Durlax Top Surface IPO will open?
The Durlax Top Surface IPO opens on June 19, 2024 and closes on June 21, 2024.
What is the lot size of Durlax Top Surface IPO?
Durlax Top Surface IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
When is Durlax Top Surface IPO listing date?
The Durlax Top Surface IPO listing date is not yet announced. The tentative date of Durlax Top Surface IPO listing is Wednesday, June 26, 2024.
