Durlax Top Surface IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jun 19 to Jun 21 2024
Price Band
₹65 - 68
Current GMP
₹109(60.29%)
Subscription
166.79 times
IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹40.80 Cr) |
| Fresh Issue | 4,200,000 shares (aggregating up to ₹28.56 Cr) |
| Offer for Sale | 1,800,000 shares of ₹10 (aggregating up to ₹12.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,427,701 |
| Share holding post issue | 16,627,701 |
| Market Maker portion | 300,000 shares Globalworth Securities |
IPO Date
June 19, 2024 to June 21, 2024
Listing Date
Wednesday, June 26, 2024
Face Value
₹10 per share
Price Band
₹65 to ₹68 per share
Lot Size
2000 Shares
Total Issue Size
6,000,000 shares (aggregating up to ₹40.80 Cr)
Fresh Issue
4,200,000 shares (aggregating up to ₹28.56 Cr)
Offer for Sale
1,800,000 shares of ₹10 (aggregating up to ₹12.24 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
12,427,701
Share holding post issue
16,627,701
Market Maker portion
300,000 shares Globalworth Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 48.29 |
| Non-Institutional Buyers*** | 415.06 |
| Retail Investors | 193.95 |
| Total ** | 166.79 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
48.29
Non-Institutional Buyers***
415.06
Retail Investors
193.95
Total **
166.79
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jun 19, 2024 | 2.28 | 5.16 | 10.53 | 5.99 |
| Day 2 Jun 20, 2024 | 2.94 | 11.16 | 28.48 | 14.32 |
| Day 3 Jun 21, 2024 | 48.29 | 415.06 | 193.95 | 166.79 |
DayDay 1
Jun 19, 2024
QIB2.28
NII*5.16
Retail10.53
Total5.99
DayDay 2
Jun 20, 2024
QIB2.94
NII*11.16
Retail28.48
Total14.32
DayDay 3
Jun 21, 2024
QIB48.29
NII*415.06
Retail193.95
Total166.79
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 26-06-2024 | 68.00 | 64(94.12%) | 132 |
| 25-06-2024 | 68.00 | 64(94.12%) | 132 |
| 24-06-2024 | 68.00 | 63(92.65%) | 131 |
| 23-06-2024 | 68.00 | 60(88.24%) | 128 |
| 22-06-2024 | 68.00 | 61(89.71%) | 129 |
| 21-06-2024 | 68.00 | 58(85.29%) | 126 |
| 20-06-2024 | 68.00 | 50(73.53%) | 118 |
| 19-06-2024 | 68.00 | 40(58.82%) | 108 |
| 18-06-2024 | 68.00 | 28(41.18%) | 96 |
| 17-06-2024 | 68.00 | 23(33.82%) | 91 |
| 16-06-2024 | 68.00 | 17(25.0%) | 85 |
| 15-06-2024 | 68.00 | 17(25.0%) | 85 |
| 14-06-2024 | 68.00 | 0(0.0%) | 68 |
| 13-06-2024 | 68.00 | 0(0.0%) | 68 |
Date26-06-2024
Price68.00
GMP64(94.12%)
Estimate List Price132
Date25-06-2024
Price68.00
GMP64(94.12%)
Estimate List Price132
Date24-06-2024
Price68.00
GMP63(92.65%)
Estimate List Price131
Date23-06-2024
Price68.00
GMP60(88.24%)
Estimate List Price128
Date22-06-2024
Price68.00
GMP61(89.71%)
Estimate List Price129
Date21-06-2024
Price68.00
GMP58(85.29%)
Estimate List Price126
Date20-06-2024
Price68.00
GMP50(73.53%)
Estimate List Price118
Date19-06-2024
Price68.00
GMP40(58.82%)
Estimate List Price108
Date18-06-2024
Price68.00
GMP28(41.18%)
Estimate List Price96
Date17-06-2024
Price68.00
GMP23(33.82%)
Estimate List Price91
Date16-06-2024
Price68.00
GMP17(25.0%)
Estimate List Price85
Date15-06-2024
Price68.00
GMP17(25.0%)
Estimate List Price85
Date14-06-2024
Price68.00
GMP0(0.0%)
Estimate List Price68
Date13-06-2024
Price68.00
GMP0(0.0%)
Estimate List Price68
IPO Important Dates
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
IPO Open Date
Wednesday, June 19, 2024
IPO Close Date
Friday, June 21, 2024
Basis of Allotment
Monday, June 24, 2024
Initiation of Refunds
Tuesday, June 25, 2024
Credit of Shares to Demat
Tuesday, June 25, 2024
Listing Date
Wednesday, June 26, 2024
Cut-off time for UPI mandate confirmation
5 PM on June 21, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹136,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹136,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹272,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,553.50 | 7,673.02 | 7,168.11 |
| Revenue | 9,083.93 | 6,684.20 | 4,741.81 |
| Profit After Tax | 505.07 | 209.44 | 48.42 |
| Net Worth | 2,184.38 | 1,671.21 | 1,292.27 |
| Reserves and Surplus | 941.61 | 431.14 | 1,277.29 |
| Total Borrowing | 6,070.71 | 3,690.93 | 3,929.82 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 202410,553.50
31 Mar 20237,673.02
31 Mar 20227,168.11
Period EndedRevenue
31 Mar 20249,083.93
31 Mar 20236,684.20
31 Mar 20224,741.81
Period EndedProfit After Tax
31 Mar 2024505.07
31 Mar 2023209.44
31 Mar 202248.42
Period EndedNet Worth
31 Mar 20242,184.38
31 Mar 20231,671.21
31 Mar 20221,292.27
Period EndedReserves and Surplus
31 Mar 2024941.61
31 Mar 2023431.14
31 Mar 20221,277.29
Period EndedTotal Borrowing
31 Mar 20246,070.71
31 Mar 20233,690.93
31 Mar 20223,929.82
Key Performance Indicator
| ROE | 26.20% |
| ROCE | 20.20% |
| Debt/Equity | 2.78 |
| RoNW | 23.12% |
| P/BV | 3.87 |
| PAT Margin (%) | 5.56 |
| EPS (Rs) | 4.06 |
ROE
26.20%
ROCE
20.20%
Debt/Equity
2.78
RoNW
23.12%
P/BV
3.87
PAT Margin (%)
5.56
EPS (Rs)
4.06
IPO Reservation
| Anchor Investor Shares Offered | 592,000 (9.87%) |
| Market Maker Shares Offered | 300,000 (5.00%) |
| QIB Shares Offered | 2,252,000 (37.53%) |
| NII (HNI) Shares Offered | 856,000 (14.27%) |
| Retail Shares Offered | 2,000,000 (33.33%) |
| Total Shares Offered | 6,000,000 (100%) |
Anchor Investor Shares Offered
592,000 (9.87%)
Market Maker Shares Offered
300,000 (5.00%)
QIB Shares Offered
2,252,000 (37.53%)
NII (HNI) Shares Offered
856,000 (14.27%)
Retail Shares Offered
2,000,000 (33.33%)
Total Shares Offered
6,000,000 (100%)
Information about company
Established in 2010, Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India.
The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets. The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.
The company's manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, the company employed 70 people.
Objectives of IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Part finance the working capital requirements;
General corporate purposes; and
To meet the offer expenses.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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