Durlax Top Surface
Durlax Top Surface Info
Details about the Durlax Top Surface IPO. Opening Date of Durlax Top Surface is 19 Jun 24 and Closing Date is 21 Jun 24 . Face Value of Each share of Durlax Top Surface is ₹10 per share. Price band of Durlax Top Surface is ₹65 to ₹68. The Lot size of Durlax Top Surface is 2,000 shares. Total issue size of Durlax Top Surface IPO is ₹40.8 cr. Fresh Issue of Durlax Top Surface IPO is 28.56 cr. Durlax Top Surface IPO also includes offer for sale of ₹12.24 cr.This is a Book Building IPO. Expected to list on NSE SME. Share Holding Pre Issue of Durlax Top Surface is 12,427,701. Share Holding Post Issue of Durlax Top Surface is 16,627,701.
Business Summary
Durlax Top Surface are engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka.
Company operate through two brands namely LUXOR® and ASPIRON®, which provide a wide range of solid surfaces known for their aesthetics and performance
Durlax Top Surface IPO Details
| Open Date | 19 Jun 24 |
|---|---|
| Close Date | 21 Jun 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹65 - ₹68 |
| Lot Size | 2,000 Shares |
| Total issue Size | 6,000,000 Shares ₹40.8 cr |
| Fresh Issue | 4,200,000 Shares ₹28.56 cr |
| Offer for Sale | 1,800,000 Shares (₹12.24 cr) |
| Issue Type | Book Building |
| Listing At | NSE SME |
| Share Holding Pre Issue | 12,427,701 |
| Share Holding Post Issue | 16,627,701 |
| Market Maker | Globalworth Securities |
| Market Maker Portion | 300,000 Shares |
| RHP , DHRP | View RHP, View DRHP |
Durlax Top Surface IPO Timeline
The Durlax Top Surface Initial Public Offering (IPO) is set to open on 19 Jun 24 and will end its subscription phase on 21 Jun 24. You can check your allotment status for Durlax Top Surface on 24 Jun 24. The refund process for your funds will start promptly on 25 Jun 24. Durlax Top Surface IPO credit of shares will be on 25 Jun 24. The listing date for Durlax Top Surface is on 26 Jun 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Durlax Top Surface IPO Reservation
The Durlax Top Surface IPO reserves shares for different investor categories. Approximately Not more than 50.00% of the Net offer will be available for QIB, Not less than 15.00% of the Offer will be available for NII, Not Less than 35.00% of the Offer will be available for Retail,
300,000 Shares will be reserved for subscription by Globalworth Securities
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50.00% of the Net offer |
| NII | Not less than 15.00% of the Offer |
| Retail | Not Less than 35.00% of the Offer |
Durlax Top Surface IPO Lot Size
Bids can be made for minimum of 2000 shares and in multiple of 2000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 136,000 |
| Retail (Max) | 1 | 2,000 | 136,000 |
| HNI (Min) | 2 | 4,000 | 272,000 |
Durlax Top Surface IPO Promoters Holding
Promoters holding details for Durlax Top Surface in the current issue is as follows: The share holding of promoters before the issue stands at 95.44%, and after the issue, it has been adjusted to 60.35%.
Promoters of Durlax Top Surface are Mr. Shravan Suthar, Mr. Lalit Suthar,
| Share Holding Pre Issue | 95.44% |
|---|---|
| Share Holding Post Issue | 60.35% |
Durlax Top Surface Financial Information
Financial performance details for Durlax Top Surface over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 31 Mar 24 | 31 Mar 23 | 31 Mar 21 |
|---|---|---|---|
| Assets | 10,553.5 | 7,673.02 | 7,168.11 |
| Revenue | 9,083.93 | 6,684.2 | 4,741.81 |
| Profit After Tax | 505.07 | 209.44 | 48.42 |
Durlax Top Surface IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Durlax Top Surface are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 16.73 |
| ROCE | 20.20% |
| ROE | 26.20% |
| EPS (Rs) | 4.06 |
Object of the Issue
- • To Meet Working Capital requirements of the Company
- • Part finance the working capital requirements
- • General Corporate Expenses
Contact Details for Durlax Top Surface
Phone
Office
301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle (East), Mumbai – 400 057
Registrar Details for Durlax Top Surface
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Expert Global Consultants Private Limited