Issue Price
₹65- ₹68
per equity share
Issue Size
54.08 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
2000
equity share
Please note
Listing at NSE
Durlax Top Surface Limited
Important Dates
IPO Open Date
19 Jun 2024
IPO Close Date
21 Jun 2024
Allotment Date
24 Jun 2024
Initiation of Refunds
25 Jun 2024
Credit of Shares to Demat Account
25 Jun 2024
IPO Listing Date
26 Jun 2024
UPI Mandate Expiry Date
21 Jun 2024
IPO Details
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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Check Allotment StatusAbout Durlax Top 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.
Parent Organisation
Founded
2024
Managing Director
Mr. Shravan Suthar
IPO Objectives
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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