Durlax Top Surface IPO: Things To Know Before Investing

Durlax Top Surface IPO is open for subscription starting Wednesday, June 19, 2024, and closing on Friday, June 21, 2024. The price of this upcoming IPO is decided at Rs 65 to Rs 68 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,36,000 ( 68 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (68 x 4000 shares). Durlax Top Surface IPO is a book-built issue of Rs 40.80 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue amounting to Rs 28.56 crore and OFS is of 18 lakh equity shares amounting to Rs 12.24 crores. The allotment for this new IPO is expected to be finalised on Monday, June 24, 2024. Durlax Top Surface IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, June 26, 2024. The book-running lead manager of Durlax Top Surface IPO is Expert Global Consultants Private Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Durlax Surface Limited

Durlax Surface Limited, established in 2010, manufactures solid surface materials across India. The company owns two brands: LUXOR and ASPIRON. LUXOR Offers acrylic UV solid sheets, while ASPIRON offers modified solid sheets. Durlax both brands offer seamless designs and antibacterial and fire retardant properties, ensuring a comprehensive range of high-quality solid sheets. The company’s product is used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects. The company's manufacturing facility is located in Vapi, Gujarat. The company’s goal is to meet the ever-evolving demands of their customers and create pleasing and functional spaces across various sectors. As of September 25, 2023, the company has a team of 70 people. 

Objectives of Durlax Surface Limited

The amount  raised from this Initial public offer will be utilised to finance the day-to-day capital needs of the company for smooth functioning of business. Other than this general corporate purposes and offer expenses will also be covered.

Financials of Durlax Top Surface Limited (Amt in Rs Lakhs)

Durlax Top Surface posted revenue of Rs 6,684.20 lakhs and net profit of Rs  262.59 lakhs for the period ending on 31 Mar 2023. The company’s revenue by 40.96% and PAT increased by 225.55% between the FY ending on 31 March 2023 and 31 March 2022. 

Other Important Details of Durlax Top Surface IPO

Time-Table of Durlax Top Surface IPO

Lot Size of Durlax Top Surface IPO

IPO Reservation of Durlax Top Surface Limited

EPS and P/E Ratio Post IPO of Durlax Top Surface Limited

The market capitalization of Durlax Top Surface is Rs 113.07 crore.

Promoters of Durlax Top Surface Limited and Their Holdings

The promoters of Durlax Top Surface company are Divyesh Modi and Khyati Modi.

Lead Manager(s) of Durlax Top Surface IPO

The lead manager for Durlax Top Surface IPO is Expert Global Consultants Private Limited.

How do you apply for the Durlax Top Surface IPO?

Wait for the public issue to open for subscription, then click here to apply for the Durlax Top Surface Limited IPO with Bigul.

How do you check the allotment status of Durlax Top Surface IPO?

Bigshare Services Private Limited is the registrar for Durlax Top Surface IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Durlax Top Surface IPO?

Durlax Top Surface IPO is a book-built issue of Rs 40.80 crores. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue amounting to Rs 28.56 crore and OFS is of 18 lakh equity shares amounting to Rs 12.24 crores. 

2. Who are the lead managers for the Durlax Top Surface Limited IPO?

Expert Global Consultants Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for Durlax Top Surface Limited, handling the IPO's administrative aspects.

4. How can I apply for the Durlax Top Surface IPO?

The public subscription of this new IPO will open on June 19, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The amount  raised from this Initial public offer will be utilised to finance the day-to-day capital needs of the company for smooth functioning of business. Other than this general corporate purposes and offer expenses will also be covered.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Durlax Top Surface Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Durlax Top Surface Limited?

Durlax Top Surface posted revenue of Rs 6,684.20 lakhs and net profit of Rs  262.59 lakhs for the period ending on 31 Mar 2023. The company’s revenue by 40.96% and PAT increased by 225.55% between the FY ending on 31 March 2023 and 31 March 2022.

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