The Silkflex Polymers date are May 7 to May 10, 2024. Read the post to learn about Silkflex Polymers IPO GMP.
Silkflex Polymers IPO consists of a fixed price offering amounting to Rs 18.11 crores. This offering fresh issue of 34.82 lakh new shares.
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Key Details Of Silkflex Polymers IPO
Bidding Dates
May 7-10
Price Range
₹52 per share
Face Value
₹10 per share
GMP
₹15
Silkflex Polymers IPO GMP
The Silkflex Polymers IPO GMP is ₹15.
IPO Overview
Silkflex Polymers IPO is scheduled to open for subscription on May 7, 2024, and will close on May 10, 2024. The allotment for the IPO is anticipated to be completed by Monday, May 13, 2024. The listing of Silkflex Polymers IPO on NSE SME is set for Wednesday, May 15, 2024. The price per share for Silkflex Polymers IPO is ₹52. The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹104,000 for retail investors. For HNI investors, the minimum lot size investment is 2 lots (4,000 shares) amounting to ₹208,000.
Silkflex Polymers IPO Details
| IPO Date | May 7, 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Fresh Issue | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,125,000 |
| Share holding post issue | 11,607,000 |
Silkflex Polymers Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,446.35 | 2,374.73 | 1,968.81 | 1,314.06 |
| Revenue | 3,381.55 | 3,442.25 | 2,804.52 | 2,096.07 |
| Profit After Tax | 256.66 | 78.59 | 68.59 | 45.35 |
| Net Worth | 1,073.28 | 816.62 | 738.03 | 513.51 |
| Reserves and Surplus | 260.78 | 566.62 | 488.03 | 308.06 |
| Total Borrowing | 1,716.18 | 1,208.31 | 994.50 | 612.81 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.91% |
| ROCE | 41.04% |
| Debt/Equity | 1.6 |
| RoNW | 23.91% |
| P/BV | 3.94 |
| PAT Margin (%) | 7.67 |
Silkflex Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
Company Profile
Silkflex Polymers India Limited was established on May 13, 2016, specializing in the trade of textile printing inks and water-based wood coating polymers manufactured by Silkflex Polymers SDN BHD, a renowned Malaysian company. The company boasts a wide range of 108 textile printing ink products and 51 wood coating polymer products. Effective May 1, 2024, the company’s registered office is located in West Bengal. Furthermore, Silkflex Polymers India Limited operates 5 branch offices throughout India, with a presence in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited exclusively distributes products from Silkflex Polymers Sdn. Bhd. Malaysia, a top producer of garment printing ink in the country. Equipped with a cutting-edge thermal reactor, they have a production capacity of 1000 MT per month.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Silkflex Polymers (India) Limited |
| Phone number | +91 9674912615 |
| Email ID | [email protected] |
| Website | silkflexindia.in |
IPO Strengths
- 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.
Silkflex Polymers IPO FAQs
When Silkflex Polymers IPO will open?
The Silkflex Polymers IPO opens on May 7, 2024 and closes on May 10, 2024.
What is the lot size of Silkflex Polymers IPO?
The lot size for the Silkflex Polymers IPO is 2000 shares, with a minimum investment amount of ₹104,000.
