Silkflex Polymers (India) Limited IPO Detail
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.
The company offers 108 textile printing ink products and 51 wood coating polymer products.
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.
As of December 31, 2023, the company has 28 permanent employees at its offices.
Company Promoters
Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.IPO Details
| IPO Opening Date | May 07, 2024 |
| IPO Closing Date | May 10, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹18.11 Cr |
| Fresh Issue | ₹18.11 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.26x | 1.80x | 1.03x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.65x | 3.48x | 2.07x |
| Day 3 | 0.00x | 0.00x | 0.00x | 1.53x | 8.11x | 4.82x |
| Day 4 | 0.00x | 0.00x | 0.00x | 36.59x | 35.97x | 39.30x |
IPO Tentative Timetable
The Silkflex Polymers (India) Limited IPO open date is May 07, 2024, and the close date is May 10, 2024. The issue may list on May 15, 2024.
| IPO Open Date | May 07, 2024 |
| IPO Close Date | May 10, 2024 |
| Basis of Allotment Date | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
IPO Lot Size
The Silkflex Polymers (India) Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹104000 |
| Maximum | 1 | 2000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 69.89% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1314.06 | 2096.07 | 45.35 |
| 31-Mar-22 | 1968.81 | 2804.52 | 68.59 |
| 31-Dec-23 | 2374.73 | 3442.25 | 78.59 |
| 31-Dec-24 | 3446.35 | 3381.55 | 256.66 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Acquisition of land;
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries;
- Funding Working Capital Requirements of the Company; and
- General corporate purposes.
Silkflex Polymers (India) Limited IPO Registrar:
Bigshare Services Pvt Ltd
Silkflex Polymers (India) Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
Silkflex Polymers (India) Limited
Daga Complex
Sulati Jaladhulagori
Sankrail, Howrah-711302
