Durlax Top Surface IPO Date, Allotment, Details, Review

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Durlax Top Surface IPO Date, Allotment, Details, Review

Durlax Top Surface IPO: Durlax Top Surface Limited IPO is open for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the IPO is expected on June 24, 2024. Durlax Top Surface IPO will be listed on NSE SME with a listing date fixed as June 26, 2024.

Durlax Top Surface IPO has a book-built issue of Rs 40.80 crores. This includes Rs 28.56 crore raised from issuing 42 lakh new shares and Rs 12.24 crore from OFS (Offer For Sale) 18 lakh existing shares.

Source from Durlax Top Surface IPO RHP

Durlax Top Surface IPO Details

Open Date	June 19, 2024
Close Date	June 21, 2024
Listing Date	June 24, 2024
IPO Size	Aggregating up to 40.80 Cr
Fresh Issue	42 lakh shares
Face Value	₹10 per share
IPO Price Band	₹65 to ₹68 per share
IPO Listing on	NSE SME
Lot Size	2,000 Shares
OFS	18 lakh shares
Share Offered to Retail	35%
Share Offered to QBI	50%
Share Offered to HNI	15%

Durlax Top Surface IPO Date

IPO Open Date: June 19, 2024
IPO Close Date: June 21, 2024
Allotment: June 24, 2024
Refunds: June 25, 2024
Shares Credit to Demat: June 25, 2024
Listing Date: June 26, 2024

Lot Size Of the Durlax Top Surface IPO

Application Type	Lots	Shares	Amount (₹)
Retail (Min)	1	2000	₹136,000
Retail (Max)	1	2000	₹136,000
HNI (Min)	2	4000	₹272,000

Durlax Top Surface IPO GMP (Grey Market Premium)

If you want to know Durlax Top Surface SME IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP. IncludingDurlax Top Surface IPO GMP.

Durlax Top Surface IPO Subscription Status

Durlax Top Surface IPO subscription starts on June 19, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Durlax Top Surface IPO Allotment Status

To check Durlax Top Surface IPO allotment status go to the IPO registrar website ”Bigshare Services Private Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

Go to the Link given above.
Select the IPO Name
Enter your PAN/ DP ID/ Application No
Submit details and get the allotment status of Durlax Top Surface Limited IPO.

Know About Company

Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, has been making solid surface materials since 2010. Their two main brands are LUXOR and ASPIRON. LUXOR offers acrylic UV solid sheets, while ASPIRON provides modified solid sheets.

Both brands offer seamless designs and have antibacterial and fire-retardant properties. These materials are used in homes, offices, hotels, hospitals, and outdoor projects for countertops, vanities, and other purposes, providing stylish and durable solutions.

Objects of the Issue

Part finance the working capital requirements;
General corporate purposes; and
To meet the offer expenses

Promoters Holding

The promoters of the company are Mr. Shravan Suthar and Mr. Lalit Suthar. Before the issue, they held 95.44% of the shares. After the issue, their shareholding reduced to 60.35%.

Durlax Top Surface Limited Financial Report

The financial information for Durlax Top Surface Limited for the years ending March 31, 2024, March 31, 2023, and March 31, 2022, presented in a table:

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,553.50	7,673.02	7,168.11
Revenue	9,083.93	6,684.20	4,741.81
Profit After Tax	505.07	209.44	48.42
Net Worth	2,184.38	1,671.21	1,292.27
Total Borrowing	6,070.71	3,690.93	3,929.82

Amounts are in ₹ Lakhs.

KPI Of Durlax Top Surface Limited

Here’s the metric data for Durlax Top Surface Limited for the fiscal years 2024, 2023, and 2022, presented in a table:

Metric	Fiscal 2024	Fiscal 2023	Fiscal 2022
Revenue From Operations (₹ Lakhs)	9,076.42	6,673.83	4,735.82
Total Revenue (₹ Lakhs)	9,083.93	6,684.20	4,741.81
EBITDA (₹ Lakhs)	1,073.78	779.87	649.31
EBITDA Margin (%)	11.83	11.69	13.71
Profit After Tax (₹ Lakhs)	505.07	209.44	48.42
PAT Margin (%)	5.56	3.14	1.02
Return on Equity (ROE) (%)	26.20	14.13	3.96
Debt To Equity Ratio	2.78	2.21	3.04
Interest Coverage Ratio	2.28	1.59	1.17
Return on Capital Employed (ROCE)	20.20	16.13	12.35
Current Ratio	1.34	1.34	1.26
Net Capital Turnover Ratio	5.06	5.46	4.70

Amounts are in ₹ Lakhs.

Peer Group

Kaka Industries Limited
Dhabriya Plywood Limited
Pokarna Limited

Durlax Top Surface Limited IPO Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves
Road, Andheri (East), Mumbai –400 093, Maharashtra, India
Telephone: 022-6263 8200
Facsimile:022-6263 8299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Durlax Top Surface Limited IPO Lead Manager

Expert Global Consultants Private Limited
1511, RG Trade Tower Netaji Subhash Place, Pitampura, New Delhi – 110034,
India
Telephone: +91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in

Durlax Top Surface Limited Contact

Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: https://www.durlax.com/

Durlax Top Surface Limited IPO Prospectus

Durlax Top Surface IPO Application Form PDF

To download theDurlax Top Surface IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs

When does the Durlax Top Surface IPO open and close?

The Durlax Top Surface IPO opens for subscription on June 19, 2024, and closes on June 21, 2024.

What is the IPO size and price band?

The IPO size is aggregating up to ₹40.80 crores. The price band for the IPO is ₹65 to ₹68 per share.

5/5 - (1 vote)

iPO GMP Today Desk

Rajesh, with 5 years in the stock market, holds a degree in Finance and Management from the University of Kalyani. He simplifies complex financial concepts, offering clear insights to readers, blending expertise with a passion for easy-to-understand analysis.

Durlax Top Surface IPO Date, Allotment, Details, Review

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