Silkflex Polymers (India) Limited IPO
- IPO Date07 May, 2024 to 10 May, 2024
- Listing Date15 May, 2024
- Face Value₹10 per share
- Issue Price₹52 to ₹52 per share
- Lot Size2000 Shares
- Minimum Investment₹1,04,000
- Listing AtNSE SME
- Total Issue Size34,82,000 Shares
(aggregating up to ₹18.11 Cr) - Fresh Issue34,82,000 Shares
(aggregating up to ₹18.11 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue81,25,000
- Shareholding post issue1,16,07,000
IPO Dates
Closing Date
10 May, 2024
Initiation of Refunds
14 May, 2024
Listing Date
15 May, 2024
07 May, 2024
Opening Date
13 May, 2024
Basis of Allotment
14 May, 2024
Credit of Shares
Silkflex Polymers (India) Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,04,000 |
| HNI (Min) | 2 | 4000 | ₹2,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,04,000 |
Silkflex Polymers (India) Limited Promoter Holding
The Promoters of the Company are Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.84% | 69.89% |
Silkflex Polymers (India) Limited COMPANY INFORMATION
Silkflex Polymers IPO bidding opened for subscription on May 7, 2024 and will close on May 10, 2024. The allotment for the Silkflex Polymers IPO is expected to be finalized on Monday, May 13, 2024. Silkflex Polymers IPO will list on NSE SME with tentative listing date fixed as Wednesday, May 15, 2024. Silkflex Polymers IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹208,000. Shreni Shares Limited is the book running lead manager of the Silkflex Polymers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Silkflex Polymers IPO is Shreni Shares. Refer to Silkflex Polymers IPO RHP for detailed information.
Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand.
The company offers 108 textile printing ink products and 51 wood coating polymer products.
As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month.
The company sells its products in five Indian states - West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.
As of December 31, 2023, the company has 28 permanent employees at its offices.
FAQs About Silkflex Polymers (India) Limited Ipo
Silkflex Polymers (India) Limited IPO will open on 07 May, 2024 and close on 10 May, 2024. Investors must apply within this period to participate.
The Silkflex Polymers (India) Limited IPO price band is set between ₹52.00 and ₹52.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹104000.00.
The Silkflex Polymers (India) Limited IPO shares are expected to be listed on 15 May, 2024, subject to regulatory approvals and final allotment.
You can track your Silkflex Polymers (India) Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Silkflex Polymers (India) Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.