Durlax Top Surface Limited IPO
Durlax Top Surface Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹65–₹68 per share. The stock debuted at ₹109, delivering a listing gain of 60.3%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,36,000.
Durlax Top Surface Limited IPO
- IPO Dates
- Jun 19, 2024 – Jun 21, 2024
- Price band
- ₹65-68 per equity share
- Minimum Investment
- ₹1,36,000
- Issue size
- ₹40.8 Cr
- Lot size
- 2000
- Allotment Date
- Jun 24, 2024
- Listing
- Jun 26, 2024
- Listing At
- NSE SME
IPO timeline
-
Jun 19, 2024
Open Date
Completed
-
Jun 21, 2024
Close Date
Completed
-
Jun 24, 2024
Allotment Date
Completed
-
Jun 26, 2024
Listing Date
Completed
Durlax Top Surface Limited IPO Essentials
Durlax Top Surface Limited IPO Details
Durlax Top Surface Limited IPO is priced at ₹65-68 per share with a total issue size of 40.8 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹65-68 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,000,000 shares(aggregating up to ₹40.80 Cr)
- Total issue size
- 60,00,000 shares
(aggregating up to ₹40.8 crore) - Fresh issue
- 42,00,000 shares
(aggregating up to ₹28.56 crore) - Offer for sale (OFS)
- 18,00,000 shares
(aggregating up to ₹12.24 crore) - Listing at
- NSE SME
- List price
- 109.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Expert Global Consultants Private Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,36,000 |
| Retail(max) | 1 | 2000 | ₹1,36,000 |
| NII (min) | 2 | 4,000 | ₹2,72,000 |
Durlax Top Surface Limited IPO Reservation
Durlax Top Surface Limited IPO reservation details show category-wise allocation of shares. Out of the total 6,000,000 shares, approximately 37.53% are reserved for QIB, 14.27% for NII, 33.33% for retail investors, 5% for market maker, and 9.87% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 592,000 (9.87%) | |
| Market Maker Shares Offered | 300,000 (5%) | |
| QIB Shares Offered | 2,252,000 (37.53%) | |
| NII (HNI) Shares Offered | 856,000 (14.27%) | |
| Retail Shares Offered | 2,000,000 (33.33%) | |
| Total Shares Offered | 6,000,000 (100%) |
Durlax Top Surface Limited IPO Analytics
Durlax Top Surface Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Durlax Top Surface Limited IPO Subscription Status
Durlax Top Surface Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,252,000 / 856,000 | 2,000,000 | 5,108,000 |
|
Day 1
19-06-24 06:00 PM
|
(2.28 / 5.16) x | 10.53 x | 5.99 x |
|
Day 2
20-06-24 06:00 PM
|
(2.94 / 11.16) x | 28.48 x | 14.32 x |
|
Day 3
21-06-24 06:00 PM
|
(48.29 / 415.06) x | 193.95 x | 166.79 x |
Durlax Top Surface Limited Valuations
Earnings
- EPS Pre IPO
- ₹4.06/-
- EPS Post IPO
- ₹3.04/-
- P/E Pre IPO
- 16.73
- P/E Post IPO
- 22.39
Returns
- ROE
- 26.20%
- ROCE
- 20.20%
- RoNW
- 23.12%
- PAT Margin
- 5.56
Fundamentals
- Debt / Equity
- 2.78
- Price / Book
- 3.87
Durlax Top Surface Limited Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 10,553.50 | 7,782.04 | 7,205.30 |
| Revenue | 9,083.93 | 6,684.20 | 4,741.81 |
| Profit After Tax | 505.07 | 262.59 | 80.66 |
| Net Worth | 2,184.38 | 1,671.21 | 1,292.27 |
| Reserves & Surplus | 941.61 | 431.14 | 1,277.29 |
| Total Borrowing | 6,070.71 | 3,690.93 | 3,929.82 |
Durlax Top Surface Limited Company & Offer Insights
About Durlax Top Surface Limited
Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, was established in 2010. The company manufactures solid surface materials that are sold across India.
The company has two brands: LUXOR and ASPIRON. The LUXOR brand comes with acrylic UV solid sheets and ASPIRON modified solid sheets, both coming in seamless designs and antibacterial properties, making sure that a high-quality solid sheet is given. Their products serve residential, commercial, hospitality, healthcare, outdoor, and more, providing stylish as well as durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects, and much more.
The company manufacturing plant is situated at Vapi, Gujarat. As of 25 September 2023, the company employed 70 workers.
Durlax Top Surface Limited Promoter(s)
Mr. Shravan Suthar, Mr. Lalit Suthar are the company's promoters of Durlax Top Surface Limited.
Durlax Top Surface Limited IPO Issue Objectives
- •
- Part finance the working capital requirements
- •
- General corporate purposes
- •
- To meet the offer expenses.
Durlax Top Surface Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Durlax Top Surface Limited | 4.06 | 4.06 | 17.58 | N/A | 23.12 | 3.87 | Standalone |
| Kaka Industries Ltd | 10.34 | 10.34 | 37.69 | 17.53 | 25.25 | N/A | Standalone |
| Dhabriya Polywood Ltd | 13.01 | 13.01 | 76.08 | 23.79 | 17.1 | N/A | Standalone |
| Pokarna Ltd. | -1.03 | -1.03 | 38.63 | N/A | -5.63 | N/A | Standalone |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on the BSE website on June 10, 2024, divided by the Diluted EPS for the financial year ended March 31, 2024.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the outstanding number of equity shares.
Contact Information
Contact Details
Durlax Top Surface Limited
+91-75067 99831
301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E., Highway, Vile Parle (East), Mumbai – 400 057
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Durlax Top Surface Limited IPO is a book-built IPO worth ₹40.8 crore. The price band is ₹65–₹68 per share. The IPO opens on Jun 19, 2024 and closes on Jun 21, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Durlax Top Surface Limited IPO is ₹65 to ₹68 per share.
The lot size of Durlax Top Surface Limited IPO is 2000 shares.
The minimum investment for Durlax Top Surface Limited IPO is approximately ₹1,36,000 based on the upper price band .
Durlax Top Surface Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.
The allotment date of Durlax Top Surface Limited IPO is Jun 24, 2024.
Durlax Top Surface Limited IPO is expected to be listed on Jun 26, 2024, on NSE SME Platform.
Durlax Top Surface Limited IPO valuation snapshot: P/E 22.39, EPS ₹3.04/-, P/B 3.87, RoNW 23.12%, and market cap N/A.
To apply for Durlax Top Surface Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Durlax Top Surface Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Durlax Top Surface Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Durlax Top Surface Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Durlax Top Surface Limited IPO allotment status on IPO Ji for quick and easy access.