Durlax Top Surface Limited IPO Detail
Established in 2010, Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India.
The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets. The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.
The company's manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, the company employed 70 people.
Company Promoters
Mr. Shravan Suthar and Mr. Lalit SutharIPO Details
| IPO Opening Date | Jun 19, 2024 |
| IPO Closing Date | Jun 21, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 - 68 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹40.80 Cr |
| Fresh Issue | ₹28.56 Cr |
| Offer for Sale | ₹12.24 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 2.28x | 0.00x | 0.00x | 5.16x | 10.53x | 5.99x |
| Day 2 | 2.94x | 0.00x | 0.00x | 11.16x | 28.48x | 14.32x |
| Day 3 | 48.29x | 0.00x | 0.00x | 415.06x | 193.95x | 166.79x |
IPO Tentative Timetable
The Durlax Top Surface Limited IPO open date is Jun 19, 2024, and the close date is Jun 21, 2024. The issue may list on Jun 26, 2024.
| IPO Open Date | Jun 19, 2024 |
| IPO Close Date | Jun 21, 2024 |
| Basis of Allotment Date | Jun 24, 2024 |
| Initiation of Refunds | Jun 25, 2024 |
| Credit of Shares to Demat Account | Jun 25, 2024 |
| IPO Listing Date | Jun 26, 2024 |
IPO Lot Size
The Durlax Top Surface Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹136000 |
| Maximum | 1 | 2000 | ₹136000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.44% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5757.66 | 1974.00 | -82.51 |
| 31-Mar-22 | 7205.30 | 4741.81 | 80.66 |
| 31-Mar-23 | 7782.04 | 6684.20 | 262.59 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Part finance the working capital requirements;
- General corporate purposes; and
- To meet the offer expenses.
Durlax Top Surface Limited IPO Registrar:
Bigshare Services Pvt Ltd
Durlax Top Surface Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
