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Silkflex Polymers India Limited IPO

Silkflex Polymers India Limited IPO Detail

Silkflex Polymers IPO opens for subscription on May 7, 2024 and closes on May 10, 2024. The allotment for the Silkflex Polymers IPO is expected to be finalized on Monday, May 13, 2024. Silkflex Polymers IPO will list on NSE SME with tentative listing date fixed as Wednesday, May 15, 2024.

IPO Size: 3,482,000 shares (18.11 Cr) Fresh Issue: 3,482,000 shares (18.11 Cr) Subscription Dates: May 7, 2024 to May 10, 2024 Expected Allotment: Monday, May 13, 2024 Listing Date (Tentative): May 15, 2024 Price Band: ₹52 per share Retail Investors: ₹.104,000 (2000 shares) Small HNI : ₹.208,000(2 lots, 4000 shares) Big HNI : ₹.1,040,000(10 lots, 20000 shares)

Silkflex Polymers India Limited IPO Details
IPO Date May 7, 2024 to May 10, 2024
Listing Date May 15, 2024
Face Value ₹10 per share
Lot Size 2000 Shares
Total Issue Size 3,482,000 shares (aggregating up to ₹18.11 Cr)
Fresh Issue 3,482,000 (aggregating up to ₹18.11 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue 8,125,000
Share holding post issue 11,607,000
Market Maker Portion 5 Shares
Silkflex Polymers India Limited IPO Reservation

Investor Category Shares Offered
Retail Shares Offered 1,651,997 (47.4439%)
Others 1,651,997 (47.4439%)
Total Shares Offered 3,482,000 (100%)
Silkflex Polymers India Limited IPO Subscription Status (Bid Detail) Live Subscription
Silkflex Polymers India Limited IPO Subscription Status Live
Investor Category Shares Offered *** Shares Bid for Total Amount (Rs Cr.)* Subscription (times)
Retail Investors 1,651,997 59,422,000 308.99 35.97
Others 1,651,997 60,454,000 314.36 36.59
Total 3,303,993 119,876,000 623.36 36.28

* The total sum is computed according to either the final issue price or the upper price range.
** The allocation for anchor investors (or market makers) is excluded from the total shares offered.
*** Shares Offered" and "Total Amount" are determined using the upper end of the issue price range.
Silkflex Polymers India Limited IPO GMP
GMP Date IPO Price GMP Estimated Listing Price Last Updated
04-05-2024 ₹52 ₹0 ₹52 (0.00%) 04-05-2024 09:05
02-05-2024 ₹52 ₹50 ₹102 (96.15%) 02-05-2024 09:05
01-05-2024 ₹52 ₹40 ₹92 (76.92%) 01-05-2024 09:05
Silkflex Polymers India Limited IPO Timeline (Tentative Schedule)

Silkflex Polymers India Limited IPO opens on May 7, 2024 and closes on May 10, 2024.

IPO Open Date Tuesday, May 7, 2024
IPO Close Date Friday, May 10, 2024
Basis of Allotment* Monday, May 13, 2024
Initiation of Refunds* Tuesday, May 14, 2024
Credit of Shares to Demat* Tuesday, May 14, 2024
Listing Date* Wednesday, May 15, 2024
Cut-off time for UPI mandate confirmation 05:00 pm, May 10, 2024
Silkflex Polymers India Limited IPO Lot Size Lot Size Calculator

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹ 104,000
Retail (Max) 1 2000 ₹ 104,000
HNI (Min) 2 4000 ₹ 208,000
Silkflex Polymers India Limited IPO Promoter Holding

The promoters of the company are Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.

Share Holding Pre Issue 99.84%
Share Holding Post Issue 69.89%
About Silkflex Polymers (India) Limited IPO

Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand.

The company offers 108 textile printing ink products and 51 wood coating polymer products. 

As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.

Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month.

The company sells its products in five Indian states - West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.

As of December 31, 2023, the company has 28 permanent employees at its offices.

Objects of the Silkflex Polymers India Limited IPO

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  • Acquisition of land;
  • Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries;
  • Funding Working Capital Requirements of the Company; and
  • General corporate purposes.
Contact Details

Silkflex Polymers (India) Limited
Daga Complex
Sulati Jaladhulagori
Sankrail, Howrah-711302
Phone: +91 9674912615
Email: investors@silkflexindia.in
Websitehttps://silkflexindia.in/

Silkflex Polymers India Limited IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html

Silkflex Polymers India Limited IPO Listing Details
Listing Date May 15, 2024
NSE Symbol SILKFLEX
ISIN INE0STN01015
Final Issue Price ₹ 52 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Silkflex Polymers (India) Limited IPO Stock Quote & Charts
NSE Symbol: SILKFLEX
Day Open Price: ₹ 54
Day High - Low: ₹ 61.8 - ₹ 53.5
Previous Close: ₹ 53.4
Total Traded Value: ₹ 15881100
Traded Quantity: 274000
Total Trade: 125
Updated On: 19 Jun 2024

Stock Details >>
Listing Day Trading Information View IPO Performance
Price Details NSE BSE
Final Issue Price ₹ 52 ₹ 52
Open ₹ 60
Low ₹ 57
High ₹ 63
Close Price ₹ 58.70
FAQ

Silkflex Polymers India Limited IPO is a main-board FPO of 3,482,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 18.11 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000 Shares.

The Silkflex Polymers India Limited IPO opens on May 7, 2024 and closes on May 10, 2024.

Retail Investors: ₹.104,000 (2000 shares) Small HNI : ₹.208,000(2 lots, 4000 shares) Big HNI : ₹.1,040,000(10 lots, 20000 shares)

The finalization of Basis of Allotment for Silkflex Polymers India Limited IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024. Check the Silkflex Polymers India Limited IPO allotment status.