Contents
- 1 Table of Contents
- 2 Silkflex Polymers IPO Details
- 3 Silkflex Polymers IPO Date and Roadmap
- 4 Silkflex Polymers IPO GMP Today
- 5 Silkflex Polymers IPO Subscription Status
- 6 Silkflex Polymers IPO Allotment Status
- 7 Know About Silkflex Polymers Limited
- 8 Silkflex Polymers India Limited Share Promoters Holding
- 9 Silkflex Polymers India Limited Financial Report (Restated)
- 10 Key Performance Indicator (KPI) of Silkflex Polymers India Limited
- 11 FAQs For Silkflex Polymers IPO
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.
Table of Contents
Silkflex Polymers IPO Details
| Open Date | May 7, 2024 |
| Close Date | May 10, 2024 |
| Listing Date | May 15, 2024 |
| IPO Size | 34.82 lakh equity shares aggregating up to ₹18.11 Cr. |
| Face Value | ₹10 per share |
| IPO Price Band | ₹52 per share |
| IPO Listing on | NSE SME |
| Lot Size | 2000 Shares |
| OFS | NA |
| Retail Quota | 50%of the total issue share |
| QBI | 50% of the total issue share |
| HNI |
Silkflex Polymers IPO Date and Roadmap
| IPO Open Date | May 7, 2024 |
| IPO Close Date | May 10, 2024 |
| Basis of Allotment | May 14, 2024 |
| Initiation of Refunds | May 14, 2024 |
| The credit of Shares | May 14, 2024 |
| Listing Date | May 15, 2024 |
Silkflex Polymers IPO GMP Today
Silkflex Polymers IPO GMP Today is ₹0.
| Date | GMP | IPO Price | Estimate Listing Price | Update On |
| 05/05/2024 | ₹5 | ₹52 | ₹57 | 05/05/2024 23:14 |
| 04/05/2024 | ₹5 | ₹52 | ₹57 | 04/05/2024 23:32 |
| 03/05/2024 | ₹8 | ₹52 | ₹60 | 03/05/2024 24:00 |
| 02/05/2024 | ₹0 | ₹52 | ₹52 | 02/05/2024 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
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:
- Acquisition of land.
- Funding the capital expenditure requirements for purchasing plant and machinery.
- Meeting the working capital requirements of the company.
- General corporate purposes.
Silkflex Polymers India Limited Financial Report (Restated)
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| 31st December, 2023 | 31st March, 2023 | 31st March, 2022 | 31st March, 2021 | |
| Liabilities | 3,446.35 | 2,374.73 | 1,968.81 | 1,314.06 |
| Assets | 3,446.35 | 2,374.73 | 1,968.81 | 1,314.06 |
| Revenue | 3381.55 | 3442.25 | 2804.52 | 2096.07 |
| PAT (Profit After Tax) | 256.66 | 78.59 | 68.59 | 45.35 |
| Net Worth | 1,073.28 | 816.62 | 738.03 | 513.51 |
| Total Debt | 1,716.18 | 1,208.31 | 994.50 | 612.81 |
Key Performance Indicator (KPI) of Silkflex Polymers India Limited
| Particulars | As of 31 July 2023 |
| EBITDA | 513.06 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 Ratio | 17.64 Post-IPO |
Peer Group Compare with Silkflex Polymers India Limited
| Company | CMP (₹) | Face Value (₹) | Basic EPS (₹) | PE Ratio (times) | RoNW (%) | NAV per Share (₹) |
|---|---|---|---|---|---|---|
| Silkflex Polymers (India) Limited | 52.00 | 10.00 | 0.97 | 53.76 | 9.62 | 10.05 |
| Peer Group: | ||||||
| BASF India Limited | 3,735.05 | 10.00 | 93.10 | 40.12 | 14.92 | 623.97 |
| Heubach Colorants India Limited | 406.20 | 10.00 | 8.31 | 48.88 | 4.44 | 187.34 |
| Berger Paints India Limited | 508.90 | 1.00 | 8.86 | 57.44 | 20.67 | 42.8 |
Silkflex Polymers India Limited IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Silkflex Polymers India Limited IPO Book Running Lead Manager
SHRENI SHARES LIMITED
(Formerly Known as Shreni Shares Private Limited)
Contact Person: Ms. Tanya Goyal
Email: shrenishares@gmail.com
Telephone: 022 – 2089 7022
Silkflex Polymers India Limited Contact
Silkflex Polymers (India) Limited
Daga Complex ,Sulati Jaladhulagori
Sankrail, Howrah-711302
Phone: +91 9674912615
Email: investors@silkflexindia.in
Website: https://silkflexindia.in/
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.
