Silkflex Polymers (India) Limited IPO
NSE SMEListed On: May 15, 2024 at ₹ 60.0
₹ 208000 /4000 Shares
*Min Investment
07 May, 2024
Open Date10 May, 2024
Close Date13 May, 2024
Allotment Date15 May, 2024
Listing DateSilkflex Polymers (India) Limited IPO Issue Details
- Issue Price ₹52 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 34,82,000 shares(aggregating up to ₹18.11 crore)
- Fresh Share 34,82,000 shares(aggregating up to ₹18.11 crore)
- Listing at NSE SME
- List Price 60.0
- Listing Date 2024-05-15
- Lead Manager Shreni Shares Limited
- Registrar Bigshare Services Pvt Ltd
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 | ₹1,04,000 |
| Retail(max) | 1 | 2000 | ₹1,04,000 |
| NII (min) | 2 | 4000 | ₹2,08,000 |
Silkflex Polymers (India) Limited IPO Reservation
Silkflex Polymers (India) Limited IPO offers total 3,482,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,652,000 (47.44%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 178,000 (5.11%) | |
| Retail Shares Offered | 1,652,000 (47.44%) | |
| Total Shares Offered | 3,482,000 (100%) |
Silkflex Polymers (India) Limited IPO Details
Silkflex Polymers (India) Limited IPO is an SME IPO, priced at ₹52 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 34,82,000 equity shares, aggregating up to ₹18.11 crores..
The IPO bidding window is open from May 7, 2024 to May 10, 2024. The allotment is expected to be finalized on May 13, 2024, and the tentative listing date is May 15, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,04,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,08,000.
Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.
Silkflex Polymers (India) Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,652,000 | 1,652,000 | 3,304,000 |
Day 1 07-05-24 06:00 PM | 0.25 x | 1.70 x | 0.98 x |
Day 2 08-05-24 06:00 PM | 0.75 x | 3.24 x | 1.99 x |
Day 3 09-05-24 06:00 PM | 1.53 x | 8.11 x | 4.82 x |
Day 4 10-05-24 06:00 PM | 36.81 x | 36.90 x | 36.86 x |
Silkflex Polymers (India) Limited Valuations
Silkflex Polymers (India) Limited Company Financials
| 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,446.35 | 2,374.73 | 1,968.81 |
| Revenue | 3,381.55 | 3,442.25 | 2,804.52 |
| Profit After Tax | 256.66 | 78.59 | 68.59 |
| Net Worth | 1,073.28 | 816.62 | 738.03 |
| Reserves & Surplus | 260.78 | 566.62 | 488.03 |
| Total Borrowing | 1,716.18 | 1,208.31 | 994.50 |
About Silkflex Polymers (India) Limited Company
Silkflex Polymers India Limited was established and registered on 13 May 2016. The company trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, Malaysia.
The company offers 108 textile printing ink products and 51 wood coating polymer products.
As of May 1, 2024, the registered address of the Company is at West Bengal state. In addition, the company maintains 5 branch offices spread all over India, one at each of the following states and one each at Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
It sells the products from Silkflex Polymers Sdn. Bhd. Malaysia, that is the leading manufacturer of garment printing ink in Malaysia. They have 1000 MT per month through state-of-the-art thermal reactor.
The company sells products in five Indian states-West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.
As on December 31, 2023, there are 28 permanent employees at offices of the company.
Silkflex Polymers (India) Limited - Promoter(s)
Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.
Pre Issue Share Holding : 99.84%
Post Issue Share Holding : 69.89%
Silkflex Polymers (India) Limited IPO - Issue Objectives
Acquisition of land
Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries
Funding Working Capital Requirements of the Company
General corporate purposes.
Silkflex Polymers (India) Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Silkflex Polymers (India) Limited | 0.97 | N/A | 10.05 | 53.76 | 9.62 | 5.17 | Standalone |
| Basf India Ltd. | 93.1 | N/A | 623.97 | 40.12 | 14.92 | 5.99 | Standalone |
| Heubach Colorants India Limited | 8.31 | N/A | 187.34 | 48.88 | 4.44 | 2.17 | Standalone |
| Berger Paints India Ltd. | 8.86 | N/A | 42.86 | 57.44 | 20.67 | 11.87 | Standalone |
Notes:
- The figures for the company are based on Restated Financial Statements for the year ended March 31, 2023, after taking effect of the Bonus Shares allotted on October 04, 2023.
- The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ended March 31, 2023.
- P/E Ratio has been computed based on their respective closing market price on April 30, 2024, divided by the Basic EPS as on March 31, 2023.
- CMP is the closing prices or the last traded price of respective scripts as on April 30, 2024.
- The Issue Price determined by our Company in consultation with the Lead Manager is justified based on the above parameters.
Contact Details
Silkflex Polymers (India) Limited
Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302
+91 9674912615
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Silkflex Polymers (India) Limited IPO - FAQs
Ans. Silkflex Polymers (India) Limited IPO is a SME IPO. The issue is priced at ₹52 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on May 7, 2024, and closes on May 10, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Silkflex Polymers (India) Limited IPO opens on May 7, 2024 and closes on May 10, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Silkflex Polymers (India) Limited IPO is 3,482,000 shares(aggregating up to ₹18.11 Cr).
Ans. The Silkflex Polymers (India) Limited IPO price band is set between ₹52 per equity share.
Ans. To apply for Silkflex Polymers (India) Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Silkflex Polymers (India) Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Silkflex Polymers (India) Limited IPO is May 13, 2024.
Ans. The Silkflex Polymers (India) Limited IPO will be listed on May 15, 2024.
Ans. Follow the steps to check the Silkflex Polymers (India) Limited IPO allotment status online.
