Durlax Top Surface IPO details, IPO Date, Price, GMP, Review, Details

Durlax Top Surface IPO Allotment Status Online

Durlax Top Surface IPO Details Today : Durlax Top Surface IPO Details Today (IPO) is Open on 19 June 2024 and Close on 21 June 2024. Durlax Top Surface IPO to Raise 6,000,000 shares (Approx ₹40.80 Cr) via IPO. The Fresh issue of 4,200,000 shares (Approx ₹28.56 Cr) and the Offer for sale is 1,800,000 shares of ₹10 (Approx ₹12.24 Cr).

Durlax Top Surface incorporated May 03, 2010 We are engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka.

We operate through two brands namely LUXOR® and ASPIRON®, which provide a wide range of solid surfaces known for their aesthetics and performance. Our LUXOR® brand offers Acrylic UV Solid Surfaces, while ASPIRON® offers Modified Solid Surfaces. Both brands offer seamless designs, anti-bacterial properties, and fire-retardant features.

Situated in Vapi, our state-of-the-art manufacturing facility is equipped with German and south Korean technologies and advanced machinery to produce solid surface materials. We aim to meet the everevolving demands of our customers and create pleasing and functional spaces across various sectors.

Our solid surfaces find applications in residential, commercial, hospitality, healthcare, exterior, and diverse industries, providing stylish and durable solutions for countertops, vanities, offices, retailspaces, hotels, hospitals, outdoor projects, and more.

Durlax Top Surface IPO Date & Price Band Details

IPO Open Date 19 June 2024
IPO Close Date 21 June 2024
IPO Size 6,000,000 shares (Approx ₹40.80 Cr)
Fresh Issue 4,200,000 shares (Approx ₹28.56 Cr)
Offer For Sale 1,800,000 shares of ₹10 (Approx ₹12.24 Cr)
Lot Size 2000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹65 to 68 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

Durlax Top Surface IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹136,000
Retail Maximum 1 2000 ₹136,000
S-HNI Minimum 2 4000 ₹272,000

Object of the Issue

1. Part finance the working capital requirements.
2. General corporate purposes.
3. To meet the offer expenses.

Durlax Top Surface IPO Allotment & Listings (Details)

IPO Open Date 19 June 2024
IPO Close Date 21 June 2024
Basis of Allotment 24 June 2024
Refunds 25 June 2024
Credit to Demat Account 25 June 2024
IPO Listing Date 26 June 2024

Durlax Top Surface Financial Reports

₹ in Crores
Year Revenue Expense PAT
2023 ₹66.84 ₹63.97 ₹2.63
2022 ₹47.42 ₹46.19 ₹0.81
2021 ₹19.74 ₹19.66 ₹0.26

Our Company Promoters

  1. Shravan Suthar 
  2. Lalit Suthar

Qualitative Factors

1. Focusing on multiple end-user industries.
2. Wide and diverse range of product offerings.
3. Experienced promoters and management team with industry knowledge and an established
track record.
4. Diversified distribution network across India catering to customers.

Comparison with listed industry peer

  • Durlax Top Surface.
  • Kaka Industries Limited.
  • Dhabriya Polywood Limited.
  • Pokarna Limited.

Durlax Top Surface Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Durlax Top Surface 10.00 2.20 [.] 15.21% 14.46 6,673.83
Peer Group
Kaka Industries Limited 10.00 7.19 23.79 36.72% 19.57 15,849.89
Dhabriya Polywood Limited 10.00 7.84 42.54 12.34% 63.56 17,117.22
Pokarna Limited 2.00 21.23 22.03 12.98% 163.58 72,798.97

Durlax Top Surface Company Contact Details

301, Jaisingh Commonspace, Dayal Das Road, FP362 W.E.
Highway, Vile Parle (East), Mumbai – 400 057, Maharashtra,
India
Telephone No.: +91-75067 99831
Website: www.durlax.com
Email id: info@durlaxindia.com

Durlax Top Surface IPO Registrar

Bigshare Services Private Limited
S6-2, 6th Pinnacle Business Park, Mahakali Caves
Road, next to Ahura Centre, Andheri East,
Mumbai- 400093, Maharashtra, India.
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Vinayak Morble
Website: www.bigshareonline.com

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