Silkflex Polymers (India) Limited IPO

NSE SME

Listed On: May 15, 2024 at ₹ 60.0

₹ 104000 /2000 Shares

Check Allotment

Silkflex Polymers (India) Limited IPO Details

07 May, 2024

Open Date

10 May, 2024

Close Date

13 May, 2024

Allotment Date

15 May, 2024

Listing Date

Issue Price

₹52 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

60.0

Listing Date

2024-05-15

Market Lot

2000 Shares (₹104,000/-)

Lead Manager

Shreni Shares Limited

Issue Size

3,482,000 shares(aggregating up to ₹18.11 Cr)

Retail Portion

50%

Subscription

36.86 times

IPO Docs

DRHP RHP

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

Total No. of Applications: 29,711 (Approx)

Silkflex Polymers (India) Limited Valuations

EPS Pre IPO

₹0.97/-

EPS Post IPO

₹2.95/-

P/E Pre IPO

53.76

P/E Post IPO

17.64

RoNW

23.91%

Silkflex Polymers (India) Limited Company Financials All values are in ₹ Lakh

	31-Dec-23	31-Mar-23	31-Mar-22	31-Mar-21
Assets	3,446.35	2,374.73	1,968.81	1,314.06
Revenue	3,381.55	3,442.25	2,804.52	2,096.07
Profit After Tax	256.66	78.59	68.59	45.35

About The Company

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.

Silkflex Polymers (India) Limited - Promoter(s)

Pre Issue Share Holding: 99.84%

Post Issue Share Holding: 69.89%

Company Promoter(s)

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

Company Contact Details

Silkflex Polymers (India) Limited

Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302

Phone: +91 9674912615

Email: investors@silkflexindia.in

Website: https://silkflexindia.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.