What you must know Durlax Top Surface IPO?
by 5paisa Research Team
18 Jun 2024
Durlax IPO Details
- Open Date 19-Jun-24
- Close Date 21-Jun-24
- Lot Size 2000
- IPO Size ₹ 40.80 Cr
- IPO Price Range ₹ 65 to ₹68
- Min Investment ₹ 136,000
- Listing Exchange NSE SME
- Basis of Allotment 24-Jun-24
- Refunds 25-Jun-24
- Credit to Demat Account 25-Jun-24
- Listing Date 26-Jun-24
Durlax Top Surface IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jun-24 | 2.28 | 5.16 | 10.53 | 5.99 |
| 20-Jun-24 | 2.94 | 11.14 | 28.29 | 14.24 |
| 21-Jun-24 | 48.29 | 413.97 | 183.18 | 162.39 |
Durlax IPO Synopsis
Last Updated: 21st June, 2024 by 5paisa
Durlax Top Surface IPO is all set to open from 19th June to 21st June 2024. The company is engaged in the business of manufacturing solid surface materials. The IPO includes a fresh issue of 4,200,000 shares worth ₹28.56 cr. and an Offer for Sale (OFS) of 1,800,000 shares worth ₹12.24 cr. The total IPO size is ₹40.80 cr. The share allotment date is 24th June 2024, and the IPO will be listed on 26th June 2024 on the stock exchanges. The price band is ₹65 to ₹68 and the lot size is 2000 shares.
Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Durlax Top Surface IPO:
Durlax Top Surface Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
● To fund the public issue.
About Durlax Top Surface
Established in 2010, Durlax Top Surface is engaged in the business of manufacturing solid surface material. It has two brands LUXOR® and ASPIRON® Acrylic UV Solid Surfaces and Modified Solid Surfaces, respectively. It distributes products directly to customers as well as via distributors. It supplies products in India as well as in Dubai, Bahrain, Greece, and Nepal.
The products are used in residential, commercial, hospitality, healthcare, exterior, and diverse industries.
Peer Comparison
● Kaka Industries Ltd
● Dhabriya Polywood Ltd
● Pokarna Ltd
For More Information:
Webstory on Durlax Top Surface IPO
Durlax Top Surface Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 90.76 | 66.73 | 47.35 |
| EBITDA | 10.73 | 7.79 | 6.49 |
| PAT | 5.05 | 2.09 | 0.48 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 105.53 | 76.73 | 71.68 |
| Share Capital | 12.42 | 12.40 | 0.15 |
| Total Borrowings | 83.69 | 60.01 | 58.75 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -16.60 | 3.82 | 1.57 |
| Net cash from / (used in) investing activities | -3.83 | -0.064 | -0.46 |
| Net cash flow from / (used in) financing activities | 20.51 | -3.81 | -1.05 |
| Net increase (decrease) in cash and cash equivalents | 0.082 | -0.05 | 0.04 |
Durlax IPO Key Points
-
Strengths
1. The company focuses on multiple end-user industries.
2. It has a wide and diverse range of product offerings.
3. It has a diversified distribution network across India catering to customers.
4. Experienced promoters and management team.
-
Risks
1. The company’s revenue mainly comes from the western zone.
2. The business is working capital intensive.
3. High working capital requirements.
4. It has reported negative cash flow in the past.
Durlax
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Durlax IPO FAQs
When does Durlax Top Surface IPO open and close?
Durlax Top Surface IPO opens from 19th June to 21st June 2024.
What is the size of the Durlax Top Surface IPO?
The size of Durlax Top Surface IPO is ₹40.80 cr.
How to apply for the Durlax Top Surface IPO?
To apply for Durlax Top Surface IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Durlax Top Surface IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Durlax Top Surface IPO?
The price band of Durlax Top Surface IPO is fixed at ₹65 to ₹68 per share.
What is the minimum lot size and investment required for the Durlax Top Surface IPO?
The minimum lot size of Durlax Top Surface IPO is 2000 shares and the investment required is ₹1,30,000.
What is the allotment date of the Durlax Top Surface IPO?
The share allotment date of Durlax Top Surface IPO is 24th June 2024.
What is the Durlax Top Surface IPO listing date?
The Durlax Top Surface IPO will be listed on 26th June 2024.
Who are the book runners for the Durlax Top Surface IPO?
Expert Global Consultants Private Limited is the book-running lead manager for Durlax Top Surface IPO.
What is the objective of Durlax Top Surface IPO?
Durlax Top Surface plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● General corporate purposes.
● To fund the public issue.
Contact Details of Durlax Top Surface IPO
Contact Information
Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: https://www.durlax.com/
Durlax Top Surface IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Durlax Top Surface IPO Lead Manager
Expert Global Consultants Private Limited
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