Silkflex Polymers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 07 to May 10 2024
Price Band
₹52
Current GMP
₹60(15.38%)
Subscription
39.30 times
IPO Details
| IPO Date | May 7, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Fresh Issue | 3,482,000 shares (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 | 178,000 shares Shreni Shares |
IPO Date
May 7, 2024 to May 10, 2024
Listing Date
Wednesday, May 15, 2024
Face Value
₹10 per share
Price
₹52 per share
Lot Size
2000 Shares
Total Issue Size
3,482,000 shares (aggregating up to ₹18.11 Cr)
Fresh Issue
3,482,000 shares (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
178,000 shares Shreni Shares
IPO Subscription Details
| Non-Institutional Buyers*** | 36.59 |
| Retail Investors | 35.97 |
| Total ** | 39.30 |
Non-Institutional Buyers***
36.59
Retail Investors
35.97
Total **
39.30
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 May 7, 2024 | 0.26 | 1.80 | 1.03 |
| Day 2 May 8, 2024 | 0.65 | 3.48 | 2.07 |
| Day 3 May 9, 2024 | 1.53 | 8.11 | 4.82 |
| Day 4 May 10, 2024 | 36.59 | 35.97 | 39.30 |
DayDay 1
May 7, 2024
NII*0.26
Retail1.80
Total1.03
DayDay 2
May 8, 2024
NII*0.65
Retail3.48
Total2.07
DayDay 3
May 9, 2024
NII*1.53
Retail8.11
Total4.82
DayDay 4
May 10, 2024
NII*36.59
Retail35.97
Total39.30
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-05-2024 | 52.00 | 15(28.85%) | 67 |
| 14-05-2024 | 52.00 | 15(28.85%) | 67 |
| 13-05-2024 | 52.00 | 12(23.08%) | 64 |
| 12-05-2024 | 52.00 | 12(23.08%) | 64 |
| 11-05-2024 | 52.00 | 12(23.08%) | 64 |
| 10-05-2024 | 52.00 | 12(23.08%) | 64 |
| 09-05-2024 | 52.00 | 12(23.08%) | 64 |
| 08-05-2024 | 52.00 | 12(23.08%) | 64 |
| 07-05-2024 | 52.00 | 5(9.62%) | 57 |
| 06-05-2024 | 52.00 | 5(9.62%) | 57 |
| 05-05-2024 | 52.00 | 5(9.62%) | 57 |
| 04-05-2024 | 52.00 | 5(9.62%) | 57 |
| 03-05-2024 | 52.00 | 8(15.38%) | 60 |
| 02-05-2024 | 52.00 | 0(0.0%) | 52 |
Date15-05-2024
Price52.00
GMP15(28.85%)
Estimate List Price67
Date14-05-2024
Price52.00
GMP15(28.85%)
Estimate List Price67
Date13-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date12-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date11-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date10-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date09-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date08-05-2024
Price52.00
GMP12(23.08%)
Estimate List Price64
Date07-05-2024
Price52.00
GMP5(9.62%)
Estimate List Price57
Date06-05-2024
Price52.00
GMP5(9.62%)
Estimate List Price57
Date05-05-2024
Price52.00
GMP5(9.62%)
Estimate List Price57
Date04-05-2024
Price52.00
GMP5(9.62%)
Estimate List Price57
Date03-05-2024
Price52.00
GMP8(15.38%)
Estimate List Price60
Date02-05-2024
Price52.00
GMP0(0.0%)
Estimate List Price52
IPO Important Dates
| 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 | 5 PM 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
5 PM on May 10, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹104,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹104,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹208,000
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,446.35 | 2,374.73 | 1,968.81 |
| Revenue | 3,381.55 | 3,442.25 | 2,804.52 |
| Profit After Tax | 256.66 | 78.59 | 68.59 |
| Net Worth | 1,073.28 | 816.62 | 738.03 |
| Reserves and Surplus | 260.78 | 566.62 | 488.03 |
| Total Borrowing | 1,716.18 | 1,208.31 | 994.50 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20233,446.35
31 Mar 20232,374.73
31 Mar 20221,968.81
Period EndedRevenue
31 Dec 20233,381.55
31 Mar 20233,442.25
31 Mar 20222,804.52
Period EndedProfit After Tax
31 Dec 2023256.66
31 Mar 202378.59
31 Mar 202268.59
Period EndedNet Worth
31 Dec 20231,073.28
31 Mar 2023816.62
31 Mar 2022738.03
Period EndedReserves and Surplus
31 Dec 2023260.78
31 Mar 2023566.62
31 Mar 2022488.03
Period EndedTotal Borrowing
31 Dec 20231,716.18
31 Mar 20231,208.31
31 Mar 2022994.50
Key Performance Indicator
| ROE | 23.91% |
| ROCE | 41.04% |
| Debt/Equity | 1.6 |
| RoNW | 23.91% |
| P/BV | 3.94 |
| PAT Margin (%) | 7.67 |
| EPS (Rs) | 0.97 |
ROE
23.91%
ROCE
41.04%
Debt/Equity
1.6
RoNW
23.91%
P/BV
3.94
PAT Margin (%)
7.67
EPS (Rs)
0.97
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 178,000 (5.11%) |
| Other Shares Offered | 1,652,000 (47.44%) |
| Retail Shares Offered | 1,652,000 (47.44%) |
| Total Shares Offered | 3,482,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
178,000 (5.11%)
Other Shares Offered
1,652,000 (47.44%)
Retail Shares Offered
1,652,000 (47.44%)
Total Shares Offered
3,482,000 (100%)
Information about company
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.Â
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.
Objectives of 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.
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.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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