Srigee DLM IPO
- IPO Date05 May, 2025 to 07 May, 2025
- Listing Date12 May, 2025
- Face Value₹10 per share
- Issue Price₹99 to ₹99 per share
- Lot Size1200 Shares
- Minimum Investment₹1,18,800
- Listing AtBSE SME
- Total Issue Size17,14,800 Shares
(aggregating up to ₹16.98 Cr) - Fresh Issue17,14,800 Shares
(aggregating up to ₹16.98 Cr)
- Offer for Sale-
- Issue TypeBookbuilding IPO
- Share holding pre issue42,58,800
- Shareholding post issue59,73,600
IPO Dates
Closing Date
07 May, 2025
Initiation of Refunds
09 May, 2025
Listing Date
12 May, 2025
05 May, 2025
Opening Date
08 May, 2025
Basis of Allotment
09 May, 2025
Credit of Shares
Srigee DLM Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | 1200 | ₹1,18,800 |
| Retail (Max) | 1 | 1200 | ₹1,18,800 |
| HNI (Min) | 2 | 2400 | ₹2,37,600 |
Srigee DLM Promoter Holding
Mr. Shashi Kant Singh and Mrs. Suchitra Singh are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 63.44% | - |
Srigee DLM COMPANY INFORMATION
Srigee DLM IPO is a bookbuilding of ₹16.98 crores. The issue is entirely a fresh issue of 17.15 lakh shares. Srigee DLM IPO bidding started from May 5, 2025 and ended on May 7, 2025. The allotment for Srigee DLM IPO was finalized on Thursday, May 8, 2025. Srigee DLM IPO will be listed on BSE SME on May 12, 2025. Srigee DLM IPO price band is set at ₹99 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,12,800. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,18,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,37,600. GYR Capital Advisors Private Limited is the book-running lead manager of the Srigee DLM IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Srigee DLM IPO is Globalworth Securities Limited. Refer to Srigee DLM IPO RHP for detailed information.
Incorporated in December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited began with plastic mouldings for consumer durables. By 2013, Srigee DLM Private Limited diversified into home appliance mouldings and boosted its capacity by adding advanced injection molding machines.
Srigee DLM Private Limited is engaged in design-led manufacturing and assembly services, specializing in plastic injection moulding, tool room & die manufacturing, mobile phone sub-assembly, and polymer compounding & trading.
The company caters to industries like consumer durables, home appliances, automotive components, and electronics by delivering high-quality, cost-efficient, and reliable manufacturing solutions to leading OEMs.
Business Verticals:
- Plastic Injection Moulding & Assembly
- Tool Room & Die Manufacturing
- Cellular Phone Assembly & Moulding
- Polymer Compounding & Trading
Focused on quality, timely delivery, and cost efficiency, Srigee DLM Private Limited has built lasting relationships with OEM leaders like Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.
Srigee DLM Private Limited is also expanding its footprint with a new facility at Ecotech-10, Greater Noida, focused on electronics, electrical assembly, and advanced plastic moulding.
As of January 31, 2025, the company has 61 permanent employees.
Competitive Strengths:
- Strong relationships with established customer base, with potential to expand the customer base.
- Experienced promoter and management
- End-to-end solutions provider with a dedicated design and development team
- Flexible and cost-effective manufacturing capabilities
In-Depth Analysis of Srigee DLM IPO
Srigee DLM Limited, a design-led manufacturer of plastic mouldings and electronic subassemblies, is entering the SME IPO market. With over a decade of operational experience and a strong client base including Symphony Limited, the company now plans to raise capital for expansion and modernization.
Srigee DLM IPO Summary of the IPO
The IPO consists of a fresh issue of up to 17,14,800 equity shares. The offering is 100% book-built and will be listed on the BSE SME platform. The objective is to fund capital expenditure and purchase new machinery to support production at a new facility in Greater Noida.
Srigee DLM IPO Company Overview
Srigee DLM began operations in 2005 and has evolved from a plastic moulding manufacturer to a diversified player in the consumer electronics and home appliances space. The company has consistently expanded its portfolio, including subassembly services for 4G mobile phones and a tool room facility to reduce dependency on external vendors.
Financial Performance Snapshot
The company has shown commendable financial growth:
FY 2021-22: Revenue ₹3,301.26 lakhs, Net Profit ₹113.45 lakhs
FY 2022-23: Revenue ₹4,714.48 lakhs, Net Profit ₹281.17 lakhs
FY 2023-24: Revenue ₹5,442.73 lakhs, Net Profit ₹296.95 lakhs
Their EBITDA margin improved from 6.79% in FY22 to 10.36% as of December 2024.
Srigee DLM IPO Objectives of the Issue
Utilization of Funds
Setting up a new manufacturing unit in Ecotech-X, Greater Noida – ₹542.78 lakhs
Acquisition of machinery – ₹951 lakhs
General corporate purposes – Balance of proceeds
This capital infusion is expected to increase production capacity and meet the rising demand from OEM clients.
Pros and Cons of Srigee DLM IPO
Pros
Strong revenue growth: Over 60% growth in two years.
Improved profitability: Net profit margins and ROE have shown consistent improvement.
Experienced leadership: The promoters bring deep industry knowledge and administrative experience.
Established clientele: Long-term relationships with brands like Symphony.
Diversified operations: Expanding beyond plastic mouldings to mobile subassembly and design services.
Cons
SME platform risk: Liquidity may be lower compared to main board IPOs.
No prior market listing: First-time issue, so price discovery post-listing may be volatile.
High capital expenditure: If the IPO isn’t fully subscribed or machinery investment faces delays, growth plans may stall.
Limited dividend history: No dividends declared in the past three years, which may concern income-seeking investors.
Investment Outlook
Srigee DLM is strategically positioned in the growing OEM and home appliance assembly segment. Its proactive expansion strategy and vertical integration offer promising long-term value. However, retail investors should remain cautious due to potential SME liquidity and execution risks.
FAQs About Srigee DLM IPO
Srigee DLM IPO will open on 05 May, 2025 and close on 07 May, 2025. Investors must apply within this period to participate.
The Srigee DLM IPO price band is set between ₹99.00 and ₹99.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹118800.00.
The Srigee DLM IPO shares are expected to be listed on 12 May, 2025, subject to regulatory approvals and final allotment.
You can track your Srigee DLM IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Srigee DLM IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.
Srigee DLM offers a combination of legacy manufacturing, new-age electronic subassemblies, and internal toolroom capabilities, giving it an edge in both scale and innovation.
The new Greater Noida facility will significantly scale production volumes and reduce lead times, positioning Srigee DLM to handle larger OEM contracts efficiently.
The company has prioritized reinvestment in operations and expansion over dividend payouts, as seen in their capex-heavy growth trajectory.
Yes, as stated in the Red Herring Prospectus, future equity or convertible issuances may dilute current shareholder value.
Plastic moulding for home appliances and subassembly of mobile devices contribute the largest share of operational revenues, with noticeable year-on-year growth.
The primary risks include potential delays in machinery procurement, uncertainties in IPO fund mobilization, and inability to sustain revenue growth without timely capex deployment
Absolutely. The company’s domestic manufacturing orientation aligns with national policies, opening doors to government and private sector opportunities in electronics and consumer goods.