Silkflex Polymers IPO: What Investors Must Know Before Applying

Silkflex Polymers IPO is open for subscription starting Tuesday, May 7, 2024, and closing on Friday, May 10, 2024. The price of this upcoming IPO is decided at Rs 52 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 with 4000 shares. The minimum investment required for retail category investors is Rs 1,04,000 (52 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,08,000 (52 x 4000 shares). Silkflex Polymers IPO is a book-built issue of Rs 18.11 crores. This upcoming IPO is a fresh issue of 34.82 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 13, 2024. Silkflex Polymers IPO will be listed on NSE SME, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead manager of Silkflex Polymers IPO is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Shreni Shares.

About Silkflex Polymers IPO

Silkflex Polymers, incorporated on May 13, 2016, engaged in the business of textile printing ink and water-based wood coating polymers. The company offers 108 textile printing ink products and 51 wood coating polymer products. Silkflex Polymers India sells products from Silkflex Polymers SDN BHD Malaysia, a leading manufacturer of garment printing ink in Malaysia. The company sells its products in five Indian states – West Bengal, Tamil Nadu, Gujarat, Rajasthan and Punjab. Silkflex Polymers – Malaysia also introduces fully water-based wood coating products in the Silkflex Wood Coating brand name. Silkflex Wood Coating is the leader in water based wood coating technology where extremely hard finishes can be achieved rapidly in a low VOC formulation. It is currently being used by the most prominent brand of furniture worldwide and in some of the most prestigious buildings. As of 31 December 2023, Silkflex has a team of 28 permanent employees at its office.its office. 

Objectives of Silkflex Polymers

The net proceeds from this IPO will be used in land acquisition, funding the company's capital expenditure toward purchase of Plant and Machineries. Also the fund will be utilised in funding the working capital requirement of the company and to fulfil the general corporate purposes. 

Financials of Silkflex Polymers Limited (Amt in Rs Lakhs)

Silkflex Polymers posted a revenue of Rs 3,381.55 lakhs and net profit of Rs 256.66 lakhs for the period ending on 31 Dec 2023. The company’s revenue increased by 22.74% and PAT increased by 14.58% between the FY ending on March 31, 2023 and March 31, 2022.

Other Important Details of Silkflex Polymers IPO

Time-Table of Silkflex Polymers IPO

Lot Size of Silkflex Polymers IPO

IPO Reservation of Silkflex Polymers Limited

Key Performance Indicator of Silkflex Polymers Limited IPO

EPS and P/E Ratio Post IPO

Promoters of Silkflex Polymers Limited and Their Holdings

The promoters of Silkflex Polymers company are Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.

Lead Manager(s) of Silkflex Polymers IPO

The lead manager for Silkflex Polymers IPO is Shreni Shares Limited.

How do you apply for the Silkflex Polymers IPO?

Wait for the public issue to open for subscription, then click here to apply for the Silkflex Polymers Limited IPO with Bigul. 

How do you check the allotment status of Silkflex Polymers IPO?

The registrar for Silkflex Polymers IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What is the Silkflex Polymers IPO?

Silkflex Polymers IPO is a book-built issue of Rs 18.11 crores. This upcoming IPO is a fresh issue of 34.82 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Monday, May 13, 2024. 

2. Who are the lead managers for the Silkflex Polymers Limited IPO?

Shreni Shares 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 Silkflex Polymers Limited, handling the IPO's administrative aspects. 

4. How can I apply for the Silkflex Polymers IPO?

The public subscription of this new IPO will open on May 7, 2024. Click here to initiate the application process.

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

The net proceeds from this IPO will be used in land acquisition, funding the company's capital expenditure toward purchase of Plant and Machineries. Also the fund will be utilised in funding the working capital requirement of the company and to fulfil the general corporate purposes. 

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

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

7. What is the financial performance of Silkflex Polymers Limited?

Silkflex Polymers posted a revenue of Rs 3,381.55 lakhs and net profit of Rs 256.66 lakhs for the period ending on 31 Dec 2023. The company’s revenue increased by 22.74% and PAT increased by 14.58% between the FY ending on March 31, 2023 and March 31, 2022.