Silkflex Polymers IPO Details Today, GMP Price, Allotment, Review

Silkflex Polymers IPO Allotment Status Online

Silkflex Polymers IPO Details Today: Silkflex Polymers IPO is Open on 7 May 2024 and Close on 10 May 2024. Silkflex Polymers IPO to Raise 3,482,000 shares (Approx ₹18.11 Cr) via IPO. The Fresh Issue of 3,482,000 shares (Approx ₹18.11 Cr).

 

Silkflex Polymers India Incorporated on 2016 Company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- “Silkflex”.

 

Silkflex Malaysia are one of the garment printing ink manufacturers of Malaysia.

 

Silkflex Malaysia supplies the products includes India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia.

 

Our Company offers a wide variety of products which consists of 108 textile printing ink products and 51 wood coating polymers products.

 

Our Company has entered into an agreement with Silkflex Malaysia for distribution and selling, the water-based textile printing inks products of Silkflex.

 

Silkflex Polymers list of Nominated Suppliers for PUMA, C&A & H&M and is Currently Used by all Major Brands of apparel sector .

 

Silkflex Polymers IPO Date & Price Band Details

IPO Open Date 7 May 2024
IPO Close Date 10 May 2024
IPO Size 3,482,000 shares (Approx ₹18.11 Cr)
Fresh Issue 3,482,000 shares (Approx ₹18.11 Cr)
Lot Size 2000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹52 Per Every Share
IPO Listing On NSE SME
IPO Retail Quota 50%
IPO QIB Quota -%
IPO NII Quota 50%
DRHP Draft Click Here
Anchor Investor Click Here

 

Silkflex Polymers IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹104,000
Retail Maximum 1 2000 ₹104,000
S-HNI Minimum 2 4000 ₹208,000

 

Object of the Issue

  1. Acquisition of land.
  2.  Funding of capital expenditure requirements of our Company towards purchase of Plant and Machineries.
  3.  Funding Working Capital Requirements of our Company.
  4.  General corporate purpose.

 

Silkflex Polymers IPO Allotment & Listing Date (Details)

IPO Open Date May 7, 2024
IPO Close Date May 10, 2024
Basis of Allotment May 13, 2024
Refunds May 14, 2024
Credit to Demat Account May 14, 2024
IPO Listing Date May 15, 2024

 

Silkflex Polymers Financial Reports

₹ in Crores
Year Revenue Expense PAT
2024 ₹18.81 ₹16.59 ₹1.76
2023 ₹34.21 ₹33.34 ₹0.79
2022 ₹27.82 ₹27.12 ₹0.69
2021 ₹20.75 ₹20.35 ₹0.45

 

Our Company Promoters-

  • Mr. Tushar Lalit Kumar Sanghavi
  • Ms. Urmi Raj Mehta
  • M/s. Lalitbhai H Sanghvi HUF

 

Silkflex Polymers Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per CMP (₹)
Silkflex Polymers (India) Limited 10.00 0.97 53.76 9.62 10.05 52.00
Peer Group
BASF India Limited 10.00 93.10 32.10 14.92 623.97 2,988.70
Heubach Colorants India Limited 10.00 8.31 71.73 4.44 187.34 596.10
Berger Paints India Limited 1.00 8.86 67.25 42.86 595.80

 

Qualitative Factors

  •  ZDHC certified
  •  Wide range of our products
  •  Location Advantage
  •  Well established relationship with clients
  •  Leveraging the experience of our Promoter and Directors
  •  Strong Marketing Practices

 

Comparison of Accounting Ratios with Peer Group Companies.

  1. Silkflex Polymers (India) Limited
  2. BASF India Limited
  3. Heubach Colorants India Limited
  4. Berger Paints India Limited

Silkflex Polymers Company Contact Details

Daga Complex, Sulati Jaladhulagori,
Sankrail, Howrah, Howrah – 711302,
West Bengal, India.
Tel No.: +91 9674912615
Email: investors@silkflexindia.in
Website: www.silkflexindia.in

 

Silkflex Polymers IPO Registar

Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400 093,
Maharashtra, India.
Tel No: 022 – 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale

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