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)
| 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 |
| 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%) |
| 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 |
| 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 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 |
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 |
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% |
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.
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Silkflex Polymers (India) Limited
Daga Complex
Sulati Jaladhulagori
Sankrail, Howrah-711302
Phone: +91 9674912615
Email: investors@silkflexindia.in
Website: https://silkflexindia.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | May 15, 2024 |
| NSE Symbol | SILKFLEX |
| ISIN | INE0STN01015 |
| Final Issue Price | ₹ 52 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 52 | ₹ 52 |
| Open | ₹ 60 | ₹ |
| Low | ₹ 57 | ₹ |
| High | ₹ 63 | ₹ |
| Close Price | ₹ 58.70 | ₹ |
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.