Silkflex Polymers is scheduled to hit the market on May 07, 2024 and close on May 10, 2024. Silkflex Polymers plans to raise around ₹18.11 Cr through an IPO with a sale of up to 3,482,000 equity shares of ₹10 each. The Retail offered 50%, Others Shares Offered 50%.
Silkflex Polymers India Limited, established on May 13, 2016, specializes in trading textile printing inks and water-based wood coating polymers manufactured by Silkflex Polymers SDN BHD, a renowned Malaysian brand. Offering a wide range of 108 textile printing ink products and 51 wood coating polymer products, the company caters to various industries with quality solutions. The registered office of the company, as of May 1, 2024, is located in West Bengal, with five branch offices spread across different states of India – Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
As a distributor of Silkflex Polymers Sdn. Bhd. Malaysia, a prominent producer of garment printing ink in Malaysia, Silkflex Polymers India Limited benefits from cutting-edge technology, including a state-of-the-art thermal reactor with a capacity of 1000 MT per month. The company serves customers in five Indian states – West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat. With a dedicated team of 28 permanent employees as of December 31, 2023, Silkflex Polymers India Limited remains committed to providing high-quality products and services to its clientele across the nation.
Silkflex Polymers IPO Details
Silkflex Polymers IPO opens on May 07, 2024, and closes on May 10, 2024. The Listing date for Silkflex Polymers IPO is on May 15, 2024. The price band for IPO is ₹52 per share and lot size of 2000 Shares.
| IPO Date | May 07, 2024 to May 10, 2024 |
| Listing Date | May 15, 2024 |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹18.11 Cr |
| Face Value | ₹10 per share |
Silkflex Polymers IPO Tentative Timetable
Silkflex Polymers opening date is May 07, 2024 and close date is May 10, 2024. The IPO allotment date is May 13, 2024. The refund initiation of IPO is on May 14, 2024. The credit of shares in demat account is on May 14, 2024. The listing date is on May 15, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 07, 2024 |
| IPO Closing | May 10, 2024 |
| IPO Allotment Date | May 13, 2024 |
| Refund Initiation | May 14, 2024 |
| Shares Credit to Demat | May 14, 2024 |
| Lisiting Date | May 15, 2024 |
Silkflex Polymers IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹104,000 |
| Retail(Maximum) | 1 | 2000 | ₹104,000 |
| HNI (Minimum) | 2 | 4000 | ₹208,000 |
Silkflex Polymers IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 69.89% |
Silkflex Polymers IPO Review
Silkflex Polymers (India), a company specializing in textile printing inks and wood coating polymers, recently launched its Initial Public Offering (IPO) with impressive key performance indicators. With a pre-issue shareholding of 99.84% and a post-issue shareholding of 69.89%, investors are taking note of the company's growth potential. The IPO market capitalization stands at Rs 60.36 Cr, reflecting investor confidence in Silkflex Polymers' future prospects.
The financial performance of Silkflex Polymers has been on an upward trajectory, with a significant increase in revenue and profit after tax over the past few financial years. The company's Return on Equity (ROE) of 23.91% and Return on Capital Employed (ROCE) of 41.04% showcase strong financial management. Additionally, the Debt/Equity ratio of 1.6 indicates a balanced approach towards financing, further enhancing the company's attractiveness to potential investors.
Investors considering Silkflex Polymers' IPO should take note of its impressive Post-IPO earnings per share (EPS) of Rs 2.95 and a reduced Price-to-Earnings (P/E) ratio of 17.64, compared to the Pre-IPO values. The company's focus on utilizing the net proceeds from the IPO for strategic objectives such as land acquisition, capital expenditure, working capital requirements, and general corporate purposes demonstrates a clear growth strategy. Overall, Silkflex Polymers' IPO presents a compelling investment opportunity in the booming Indian market for those looking to diversify their portfolio with a promising player in the textile and polymer industry.
Silkflex Polymers IPO Subscription Status (Bidding Details)
Table not foundSilkflex Polymers IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Silkflex Polymers IPO FAQs
What is Silkflex Polymers IPO?
Silkflex Polymers is issuing 3,482,000 equity shares with a face value of 10 each, totaling up to ₹18.11 Cr. The shares are being offered at a price of ₹52 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Silkflex Polymers IPO will open?
Silkflex Polymers will open on May 07, 2024 for QIB, NII, and Retail Investors.
When Silkflex Polymers IPO will end?
Silkflex Polymers will end on May 10, 2024.
What is Silkflex Polymers IPO Size?
Silkflex Polymers IPO size is ₹18.11 Cr.
What is Silkflex Polymers IPO Price Band?
Silkflex Polymers price band is ₹52 per share.
What is the Silkflex Polymers IPO Allotment Date?
Silkflex Polymers allotment date is May 13, 2024.
What is the Silkflex Polymers IPO Listing Date?
Silkflex Polymers listing date is May 15, 2024. The IPO is to be listed on BSE and NSE.
How to Silkflex Polymers IPO through Zerodha?
To apply for the IPO “Silkflex Polymers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Silkflex Polymers IPO through Upstox?
To apply for the IPO “Silkflex Polymers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Silkflex Polymers IPO Allotment Status?
For Silkflex Polymers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Silkflex Polymers IPO GMP?
You can check out here: Silkflex Polymers IPO GMP