Durlax Top Surface IPO Date, Allotment, Details, Review

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 DateJune 19, 2024
Close DateJune 21, 2024
Listing DateJune 24, 2024
IPO SizeAggregating up to 40.80 Cr
Fresh Issue42 lakh shares
Face Value₹10 per share
IPO Price Band₹65 to ₹68 per share
IPO Listing onNSE SME
Lot Size2,000 Shares
OFS18 lakh shares
Share Offered to Retail35%
Share Offered to QBI50%
Share Offered to HNI15%

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 TypeLotsSharesAmount (₹)
Retail (Min)12000₹136,000
Retail (Max)12000₹136,000
HNI (Min)24000₹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.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Revenue9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Total Borrowing6,070.713,690.933,929.82
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:

MetricFiscal 2024Fiscal 2023Fiscal 2022
Revenue From Operations (₹ Lakhs)9,076.426,673.834,735.82
Total Revenue (₹ Lakhs)9,083.936,684.204,741.81
EBITDA (₹ Lakhs)1,073.78779.87649.31
EBITDA Margin (%)11.8311.6913.71
Profit After Tax (₹ Lakhs)505.07209.4448.42
PAT Margin (%)5.563.141.02
Return on Equity (ROE) (%)26.2014.133.96
Debt To Equity Ratio2.782.213.04
Interest Coverage Ratio2.281.591.17
Return on Capital Employed (ROCE)20.2016.1312.35
Current Ratio1.341.341.26
Net Capital Turnover Ratio5.065.464.70
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.

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