Silkflex Polymers (India) Limited IPO
Silkflex Polymers (India) Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹52 per share. The stock debuted at ₹60, delivering a listing gain of 15.4%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,04,000.
Silkflex Polymers (India) Limited IPO
- IPO Dates
- May 7, 2024 – May 10, 2024
- Price band
- ₹52 per equity share
- Minimum Investment
- ₹1,04,000
- Issue size
- ₹18.11 Cr
- Lot size
- 2000
- Allotment Date
- May 13, 2024
- Listing
- May 15, 2024
- Listing At
- NSE SME
IPO timeline
-
May 7, 2024
Open Date
Completed
-
May 10, 2024
Close Date
Completed
-
May 13, 2024
Allotment Date
Completed
-
May 15, 2024
Listing Date
Completed
Silkflex Polymers (India) Limited IPO Essentials
Silkflex Polymers (India) Limited IPO Details
Silkflex Polymers (India) Limited IPO is priced at ₹52 per share with a total issue size of 18.11 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹52 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,482,000 shares(aggregating up to ₹18.11 Cr)
- Total issue size
- 34,82,000 shares
(aggregating up to ₹18.11 crore) - Fresh issue
- 34,82,000 shares
(aggregating up to ₹18.11 crore) - Listing at
- NSE SME
- List price
- 60.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Shreni Shares 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 | ₹1,04,000 |
| 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 reservation details show category-wise allocation of shares. Out of the total 3,482,000 shares, approximately 47.44% for retail investors, and 5.11% for market maker.
| 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 Analytics
Silkflex Polymers (India) Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Silkflex Polymers (India) Limited IPO Subscription Status
Silkflex Polymers (India) 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 | 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
Earnings
- EPS Pre IPO
- ₹0.97/-
- EPS Post IPO
- ₹2.95/-
- P/E Pre IPO
- 53.76
- P/E Post IPO
- 17.64
Returns
- ROE
- 23.91%
- ROCE
- 41.04%
- RoNW
- 23.91%
- PAT Margin
- 7.67%
Fundamentals
- Debt / Equity
- 1.60
- Price / Book
- 3.94
Silkflex Polymers (India) Limited Financials( In Lakhs)
| 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 |
Silkflex Polymers (India) Limited Company & Offer Insights
About Silkflex Polymers (India) Limited
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. are the company's promoters of Silkflex Polymers (India) Limited.
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 Information
Contact Details
Silkflex Polymers (India) Limited
+91 9674912615
Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Silkflex Polymers (India) Limited IPO is a Fixed Priced IPO worth ₹18.11 crore. The issue price is ₹52 per share (fixed price). The IPO opens on May 7, 2024 and closes on May 10, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of Silkflex Polymers (India) Limited IPO is ₹52 per share (fixed price).
The lot size of Silkflex Polymers (India) Limited IPO is 2000 shares.
The minimum investment for Silkflex Polymers (India) Limited IPO is approximately ₹1,04,000 based on the issue price .
Silkflex Polymers (India) Limited IPO opens on May 7, 2024 and closes on May 10, 2024.
The allotment date of Silkflex Polymers (India) Limited IPO is May 13, 2024.
Silkflex Polymers (India) Limited IPO is expected to be listed on May 15, 2024, on NSE SME Platform.
Silkflex Polymers (India) Limited IPO valuation snapshot: P/E 17.64, EPS ₹2.95/-, P/B 3.94, RoNW 23.91%, and market cap N/A.
To apply for Silkflex Polymers (India) 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 Silkflex Polymers (India) 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 Silkflex Polymers (India) Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Silkflex Polymers (India) Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Silkflex Polymers (India) Limited IPO allotment status on IPO Ji for quick and easy access.