Silkflex Polymers (India) Limited IPO
NSE SMEListed On: May 15, 2024 at ₹ 60.0
₹ 104000 /2000 Shares
Check Allotment07 May, 2024
Open Date10 May, 2024
Close Date13 May, 2024
Allotment Date15 May, 2024
Listing DateIssue Price
₹52 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
60.0Listing Date
2024-05-15Market Lot
2000 Shares (₹104,000/-)Lead Manager
Shreni Shares LimitedIssue Size
3,482,000 shares(aggregating up to ₹18.11 Cr)Retail Portion
50%Subscription
36.86 times
The IPO of Silkflex Polymers (India) Limited is priced at ₹52 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.
Silkflex Polymers (India) Limited IPO bid opening date is from May 7, 2024 and the bid closing date was May 10, 2024.
Silkflex Polymers (India) Limited IPO allotment result will be available on May 13, 2024. The tentative listing date for Silkflex Polymers (India) Limited is May 15, 2024.
The total issue size is 3,482,000 shares(aggregating up to ₹18.11 Cr).
Silkflex Polymers (India) Limited IPO Subscription 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
EPS Pre IPO
₹0.97/-EPS Post IPO
₹2.95/-P/E Pre IPO
53.76P/E Post IPO
17.64ROE
23.91%ROCE
41.04%Debt/Equity
1.60RoNW
23.91%PAT Margin
7.67%Price to Book Value
3.94Silkflex Polymers (India) Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 99.84%
Post Issue Share Holding: 69.89%
- Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.
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.
Other Details
Silkflex Polymers (India) Limited
Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
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. The size of Silkflex Polymers (India) Limited IPO is 3,482,000 shares(aggregating up to ₹18.11 Cr).
Ans. The IPO price band is set between ₹52 per equity share.
Ans. To apply for Silkflex Polymers (India) Limited IPO 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 allotment status for Silkflex Polymers (India) Limited IPO here.
