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The Srigee DLM IPO is scheduled to open for subscription on May 5, 2025, and will close on May 7, 2025. This IPO is being launched as a book-built issue, where the company aims to raise about ₹16.98 crore. The entire amount will come from a fresh issue of shares worth ₹16.98 crore, while details for the offer-for-sale portion are yet to be disclosed. Each equity share will carry a face value of ₹10.
The price band for the Srigee DLM IPO has been set between ₹94 and ₹99 per share. Investors should note that 35% of the issue is reserved for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The company’s shares are expected to be listed on the BSE on May 12, 2025, with the IPO allotment date likely on May 8, 2025.
Looking at the company’s financial performance, Srigee DLM reported a revenue of ₹54.65 crore in the financial year 2024, which is an increase from ₹47.25 crore in 2023. The company also posted a net profit of ₹3.10 crore in 2024, up from ₹2.81 crore in the previous year. Based on these improving financials, analysts believe that investors who apply for the Srigee DLM IPO may consider holding the stock for the long term for potential growth.
Kenrik Industries IPO – Key Details
- IPO Opening Date: May 5, 2025
- IPO Closing Date: May 7, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹94 to ₹99 per share
- Issue Size: Approximately ₹16.98 crores
- Fresh Issue Amount: Approximately ₹16.98 crores
- Issue Type: Book-built issue
- Stock Exchange Listing: BSE SME platform
- Quota Allocation:
- Retail Investors: Up to 35%
- Qualified Institutional Buyers (QIB): Up to 50%
- Non-Institutional Investors (NII): Up to 15%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
- Anchor Investors List: Click Here
Srigee DLM IPO: Market Lot & Investment Details
The minimum lot size for the Srigee DLM IPO is 1,200 shares, requiring an investment of ₹1,18,800. Below is a breakdown of the application sizes:
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹1,18,800 |
| Retail Maximum | 1 | 1,200 | ₹1,18,800 |
| Small HNI Minimum | 2 | 2,400 | ₹2,37,600 |
Srigee DLM IPO: Important Dates
Here’s the complete schedule for the Srigee DLM IPO:
- IPO Opening Date: May 5, 2025
- IPO Closing Date: May 7, 2025
- Allotment Finalization: May 8, 2025
- Refund Initiation: May 9, 2025
- Shares Credited to Demat Account: May 9, 2025
- IPO Listing Date: May 12, 2025
The IPO will open for subscription on May 5 and close on May 7, with listing set for May 12, 2025 on the BSE SME platform.
Promoters of Srigee DLM IPO
The promoters of Srigee DLM are Mr. Shashi Kant Singh and Mrs. Suchitra Singh.
About Srigee DLM IPO
Founded in 2005, Srigee DLM is a leading player in the plastics industry, specializing in the manufacturing of a wide range of plastic products. The company has expertise in producing both OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) products.
Srigee DLM focuses on developing plastic prototypes for OEM and ensures a smooth design and manufacturing process for ODM. Their strategic goal is to maintain leadership in cost efficiency across all product categories they enter.
The company’s approach includes building strong manufacturing capabilities, implementing backward integration, and establishing a significant industry presence in each market segment.
With years of experience, the promoters of Srigee DLM have focused on leveraging technology, conducting ongoing research, fostering strong supplier partnerships, maintaining solid customer relationships, and ensuring consistent industry demand.
Srigee DLM IPO: Company Financial Overview
Srigee DLM has shown steady growth in its financial performance over the past few years. Below is a summary of the company’s financials:
- Revenue (2024): ₹54.65 crores (up from ₹47.25 crores in 2023)
- Profit (2024): ₹3.10 crores (up from ₹2.81 crores in 2023)
Financial Performance (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹33.04 | ₹31.45 | ₹1.13 | ₹16.23 |
| 2023 | ₹47.25 | ₹43.33 | ₹2.81 | ₹19.89 |
| 2024 | ₹54.65 | ₹50.53 | ₹3.10 | ₹24.99 |
| December 2024 | ₹54.47 | ₹49.43 | ₹3.77 | ₹32.02 |
Srigee DLM IPO Valuation – FY2024
Here are the key valuation metrics for Srigee DLM’s IPO for FY2024:
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 23.61% |
| Return on Capital Employed (ROCE) | 27.85% |
| EBITDA Margin | 8.83% |
| Profit After Tax (PAT) Margin | 5.46% |
| Debt-to-Equity Ratio | 0.16 |
| Earnings Per Share (EPS) | ₹7.22 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.40% |
| Net Asset Value (NAV) | ₹34.18 |
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Amber Enterprises India Limited | ₹12.04 | 85.86 | 5.60% | ₹612.68 | ₹4,504.67 Cr. |
| Cyient DLM Limited | ₹8.42 | 304.81 | 35,938% | ₹304.81 | ₹1,191.87 Cr. |
Objects of the Issue
The funds raised through the Srigee DLM IPO will be utilized for the following purposes:
- Capital Expenditure
- General Corporate Purposes
- Issue Expenses
Srigee DLM IPO Review
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Srigee DLM IPO Registrar
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers)
- GYR Capital Advisors Private Limited
Srigee DLM Limited (Company Address)
Srigee DLM Limited
Plot No. 434,
Udyog Kendra 2, Ecotech 3,
Greater Noida
- Phone: +91 9911786252
- Email: compliance@srigee.com
- Website: Srigee DLM Website
Srigee DLM IPO FAQs
1. What is the Srigee DLM IPO?
The Srigee DLM IPO is a Small and Medium Enterprise (SME) IPO, through which the company aims to raise ₹16.98 crores. The issue is priced between ₹94 and ₹99 per equity share, and the IPO will be listed on the BSE.
2. When will the Srigee DLM IPO open for subscription?
The IPO will open on May 5, 2025 for QIB, NII, and Retail Investors. The subscription will close on May 7, 2025.
3. What is the investor portion in the Srigee DLM IPO?
The allocation for investors is as follows:
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 35%
How to Apply for the Srigee DLM IPO?
You can apply for the Srigee DLM IPO through the following methods:
- ASBA Online: Apply via your bank account.
- UPI through Stock Brokers: Apply via UPI through your stock broker.
- Offline Application: Fill out the offline form through your stock broker.
1. What is the Size of the Srigee DLM IPO?
The issue size of the Srigee DLM IPO is ₹16.98 crores.
2. What is the Srigee DLM IPO Price Band?
The price band for the Srigee DLM IPO is ₹94 to ₹99 per share.
3. What is the Srigee DLM IPO Lot Size?
The minimum bid is for 1200 shares, with an application amount of ₹1,18,800.
4. What is the Srigee DLM IPO Allotment Date?
The allotment date for the Srigee DLM IPO is May 8, 2025.
5. What is the Srigee DLM IPO Listing Date?
The listing date for the Srigee DLM IPO is May 12, 2025. The shares will be listed on the BSE.
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