Silkflex Polymers IPO Date, Details, GMP, Allotment Status

The Silkflex Polymers IPO (Silkflex Polymers India Limited IPO), valued at Rs 18.11 crores, is offering 34.82 lakh fresh shares. Subscriptions for the IPO open on May 7, 2024, and close on May 10, 2024. Allotments are anticipated by May 13, 2024, with the listing scheduled tentatively on May 15, 2024, on the NSE SME platform.

Silkflex Polymers IPO Date, Details
Silkflex Polymers India Limited IPO

Silkflex Polymers IPO Details

Open DateMay 7, 2024
Close DateMay 10, 2024
Listing DateMay 15, 2024
IPO Size34.82 lakh equity shares aggregating up to ₹18.11 Cr.
Face Value₹10 per share
IPO Price Band₹52 per share
IPO Listing onNSE SME
Lot Size2000 Shares
Retail Quota50%of the total issue share
QBI50% of the total issue share

Silkflex Polymers IPO Date and Roadmap

IPO Open DateMay 7, 2024
IPO Close DateMay 10, 2024
Basis of AllotmentMay 14, 2024
Initiation of RefundsMay 14, 2024
The credit of SharesMay 14, 2024
Listing DateMay 15, 2024

Silkflex Polymers IPO GMP Today

Silkflex Polymers IPO GMP Today is ₹0.

DateGMPIPO PriceEstimate Listing PriceUpdate On
05/05/2024₹5₹52₹5705/05/2024 23:14
04/05/2024₹5₹52₹5704/05/2024 23:32
03/05/2024₹8₹52₹6003/05/2024 24:00
02/05/2024₹0₹52₹5202/05/2024 22:02

Silkflex Polymers IPO Subscription Status

To see Silkflex Polymers IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link.

Silkflex Polymers IPO Allotment Status

You can check the allotment status for the Silkflex Polymers IPO by following these steps. First, click the link BIGSHARE SERVICES PVT LTD. Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number.

Once entered the required information, click on submit and then you can view the allotment status of the IPO. This process should be done around the expected date of May 14, 2024.

Know About Silkflex Polymers Limited

Silkflex Polymers India Limited was founded on May 13, 2016. They specialize in trading textile printing inks and water-based wood coating polymers, sourced from Silkflex Polymers SDN BHD, a renowned Malaysian brand.

Their product portfolio includes 108 types of textile printing inks and 51 varieties of wood-coating polymers.

As of May 1, 2024, the company’s headquarters are located in West Bengal, India. Additionally, they operate branch offices in five different Indian states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.

Silkflex Polymers India Limited sources its products from Silkflex Polymers Sdn. Bhd. Malaysia is a leading manufacturer of garment printing ink in Malaysia. Their manufacturing facility boasts a cutting-edge thermal reactor with a production capacity of 1000 MT per month.

Their products are distributed across five Indian states: West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.

The referring Document is – Silkflex Polymers India Limited IPO RHP

Silkflex Polymers India Limited Share Promoters Holding

The company’s promoters include Mr. Tushar Lalit Kumar Sanghavi, and Ms. Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF, and M/s. Lalitbhai H Sanghvi HUF. Together, they hold 99.84% of the company’s shares before the issue.

Objects of the Issue IPO

The company intends to utilize the net proceeds from the issue for the following purposes:

  1. Acquisition of land.
  2. Funding the capital expenditure requirements for purchasing plant and machinery.
  3. Meeting the working capital requirements of the company.
  4. General corporate purposes.

Silkflex Polymers India Limited Financial Report (Restated)

ParticularsFor the Period / Year ended on (₹ in Lakh)
31st December, 202331st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Total Debt1,716.181,208.31994.50612.81

Key Performance Indicator (KPI) of Silkflex Polymers India Limited

ParticularsAs of 31 July 2023
EBITDA513.06 Lakh,15.32%
PAT Margin (in %)7.67%
ROCE (%)41.04%
RoE (%)23.91%
RoNW (%)23.91%
EPS₹0.97 in pre-issue and post-issue EPS is ₹2.95
PE Ratio17.64 Post-IPO

Peer Group Compare with Silkflex Polymers India Limited

CompanyCMP (₹)Face Value (₹)Basic EPS (₹)PE Ratio (times)RoNW (%)NAV per Share (₹)
Silkflex Polymers (India) Limited52.0010.000.9753.769.6210.05
Peer Group:
BASF India Limited3,735.0510.0093.1040.1214.92623.97
Heubach Colorants India Limited406.2010.008.3148.884.44187.34
Berger Paints India Limited508.901.008.8657.4420.6742.8

Silkflex Polymers India Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

Silkflex Polymers India Limited IPO Book Running Lead Manager

(Formerly Known as Shreni Shares Private Limited)
Contact Person: Ms. Tanya Goyal
Telephone: 022 – 2089 7022

Silkflex Polymers India Limited Contact

Silkflex Polymers (India) Limited
Daga Complex ,Sulati Jaladhulagori
Sankrail, Howrah-711302
Phone: +91 9674912615

Silkflex Polymers IPO Application Form PDF

To download Silkflex Polymers IPO click on Application Form Download ASBA IPO Forms PDF

FAQs For Silkflex Polymers IPO

What is the IPO size and price of Silkflex Polymers India Limited?

The Silkflex Polymers IPO is offering 34.82 lakh fresh shares with an IPO price of ₹52 per share, totalling ₹18.11 crores.

When does the subscription for the Silkflex Polymers IPO open and close?

Subscriptions for the IPO open on May 7, 2024, and close on May 10, 2024.

What is the listing date for Silkflex Polymers IPO?

The IPO is tentatively scheduled to be listed on the NSE SME platform on May 15, 2024.

How can I check the allotment status of Silkflex Polymers IPO?

The allotment status can be checked through the registrar’s website by entering the application number or PAN number around the expected date of May 14, 2024.

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