Silkflex Polymers IPO Details ( Silkflex Polymers Limited IPO Review )
(7 May 2024 – 10 May 2024)
Founded in May 2016, Silkflex Polymers India Limited deals in textile printing inks and water-based wood coating polymers. These products are made by Silkflex Polymers SDN BHD, a well-known Malaysian brand.
We offer a wide range of products, including 108 types of textile printing inks and 51 wood coating polymers.
Our headquarters are located in West Bengal, as of May 1, 2024. We also have branch offices in five other states across India: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited is proud to distribute products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. Their cutting-edge thermal reactor allows them to produce up to 1000 MT per month.
We serve customers in five Indian states: West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.
As of December 31, 2023, our company employs 28 permanent staff across all our offices.
Silkflex Polymers Limited IPO Competitive Strength
- ZDHC certified
- Wide range of our products
- Location Advantage
- Well established relationship with clients
- Leveraging the experience of our Promoter and Directors
- Strong Marketing Practices
Silkflex Polymers IPO Financials Performance ( Results )
Silkflex Polymers Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,314.06 | 2,096.07 | 45.35 | 513.51 | 308.06 | 612.81 |
| 31-Mar-22 | 1,968.81 | 2,804.52 | 68.59 | 738.03 | 488.03 | 994.50 |
| 31-Mar-23 | 2,374.73 | 3,442.25 | 78.59 | 816.62 | 566.62 | 1,208.31 |
| 31-Dec-23 | 3,446.35 | 3,381.55 | 256.66 | 1,073.28 | 260.78 | 1,716.18 |
Objective of Silkflex Polymers IPO Issue
- Acquisition of land;
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries;
- Funding Working Capital Requirements of the Company; and
- General corporate purposes.
Silkflex Polymers IPO Basic Details
| IPO Date | May 7, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Fresh Issue | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,125,000 |
| Share holding post issue | 11,607,000 |
| Company Promoters | Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF |
Silkflex Polymers IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Silkflex IPO Timetable
Silkflex IPO will open on May 7, 2024 and close on May 10, 2024. You can join Silkflex IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 May 2024 (Tuesday) |
| Closing Date | 10 May 2024 (Friday) |
| Basis of Allotment | 13 May 2024 (Monday) |
| Initiation of Refunds | 14 May 2024 (Tuesday) |
| Credit of Shares to Demat | 14 May 2024 (Tuesday) |
| Listing Date | 15 May 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 10 May 2024 |
Silkflex Polymers IPO Lot Size
For retail investors in Silkflex Polymers IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹104,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹104,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| S-HNI (Min) | 2 | 4000 | ₹208,000 |
Silkflex Polymers IPO Promoter Holding
The company’s promoters include 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 | 99.84% |
| Post Issue Share Holding | 69.89% |
Silkflex Polymers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 60.36 |
| Earning Per Share (EPS) | ₹0.97 per Equity Share |
| Net Asset Value (NAV) | ₹10.05 per Equity Share |
| P/E Ratio (P/E) (x) | 53.76 |
| Post P/E Ratio (P/E) (x) | 17.64 |
| Return on Net Worth (RoNW) (%) | 23.91 |
| Return on equity (ROE) (%) | 23.91 |
| Return on Capital Employed (ROCE) (%) | 41.04 |
| Debt/Equity Ratio | 1.6 |
| Price/Book Value Ratio | 3.94 |
Silkflex Polymers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹5 | – | – |
| 6 May 2024 | ₹5 | – | – |
Silkflex Polymers IPO Detail Video:
link
Silkflex Polymers IPO Subscription Status (Bidding Detail)
The Silkflex Polymers IPO on May 10, 2024 at 7:02:00 PM was subscribed 39.30 times, with the retail category being subscribed 35.97 times, the Other category being subscribed 36.59 times.
| Category | Subscription |
| Other | 36.59x |
| Retail | 35.97x |
| Total | 39.30x |
Silkflex Polymers IPO Prospectus
| Silkflex Polymers IPO DRHP | Download |
| Silkflex Polymers IPO RHP | Download |
| Silkflex Polymers IPO Anchor Investors Details PDF | Download |
Silkflex Polymers IPO Rating
| Our Rating | 2.5/5.0 |
Silkflex Polymers Company Contact Information
Silkflex Polymers Limited
Registered Office: Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah – 711 302, West Bengal, India
Tel: +91 9674912615
E-mail: investors@silkflexindia.in
Website: www.silkflexindia.in
Contact Person: Mr. Sourabh Sharma, Company Secretary and Compliance Officer
Our Promoters: Mr. Tushar Lalit Kumar Sanghavi, Ms. Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF
Silkflex Polymers IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Vinayak Morbale
SEBI Registration No.: INR000001385
Silkflex Polymers IPO Lead Manager
Shreni Shares Limited
Registered Office: Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai – 400067, Maharashtra, India
Telephone: 022 – 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Ms. Tanya Goyal
Website: www.shreni.in
SEBI Registration Number: INM000012759
Silkflex Polymers IPO FAQs
What is the lot size of Silkflex Polymers IPO?
The total size of Silkflex Polymers IPO is ₹18.11 crores and this is a complete fresh Issue.
When will Silkflex Polymers IPO start?
Silkflex Polymers IPO will open from 7 May 2024 and IPO will close on 10 May 2024.
What is the open date of Silkflex Polymers IPO?
Silkflex Polymers IPO will open date from 7 May 2024.
What is the last date ( close date ) of Silkflex Polymers IPO?
Silkflex Polymers IPO will close from 10 May 2024.
What is the price band of Silkflex Polymers IPO?
Silkflex Polymers IPO price band is ₹52.
What is the minimum amount required to apply for Silkflex Polymers IPO?
The minimum investment for retailers to apply for Silkflex Polymers IPO is ₹104,000 and the maximum investment is ₹104,000.
What is going on gray market premium of Silkflex Polymers IPO?
View gray market premium of Silkflex Polymers IPO by Clicking Here
How much is the GMP of Silkflex Polymers IPO?
Watch Silkflex Polymers IPO GMP Today: Click Here
What is the allotment date of Silkflex Polymers IPO?
The allotment date of Silkflex Polymers IPO is 13 May 2024.
How to check allotment status in Silkflex Polymers IPO?
To check the allotment status of Silkflex Polymers IPO, first of all go to the registrar website by clicking here, select your bad Silkflex Polymers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Silkflex Polymers IPO?
The listing date of Silkflex Polymers IPO is 15 May 2024.
How much will be the listing gain in Silkflex Polymers IPO?
View listing gain of Silkflex Polymers IPO by Clicking Here
How much time Silkflex Polymers IPO is subscribed?
Total 39.30 times subscribed in Silkflex Polymers IPO out of which 35.97 times subscription was done in retail quota, 36.59 times subscription in other quota.
How to apply for Silkflex Polymers IPO from Upstox?
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How to apply for Silkflex Polymers PO from Zerodha?
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How to apply for Silkflex Polymers IPO from Angle One?
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