Silkflex Polymers (India) Limited

07 May 2024 - 10 May 2024 Individual Category SME NSE

Min Investment

₹208000

Price Band

₹52

Issue Size

34.82 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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07 May 2024

Open Date

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10 May 2024

Close Date

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13 May 2024

Allotment Date

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15 May 2024

Listing Date

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.

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About Silkflex Polymers (india) Limited

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. 

Founded

2016

Managing Director

Tushar Lalit Kumar Sanghavi

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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