The Silkflex Polymers IPO started on May 7, 2024, and ended on May 10, 2024. Shares were allocated on May 13, 2024, and refund processes began on May 14, 2024. On May 14, 2024, the shares were credited to investors demat accounts. Silkflex Polymers was officially listed on the stock exchange on May 15, 2024.
During the IPO, Silkflex Polymers offered shares at a price range of ₹52 per share, and the lot size was 2000 shares. The total issue size was ₹18.11 crores, with ₹18.11 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Silkflex Polymers IPO Subscription Update Video
Silkflex Polymers IPO Subscription Status
The Silkflex Polymers IPO on May 10, 2024 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 IPO Basic Details
| Company Name | Silkflex Polymers Limited |
| Silkflex Polymers IPO Open Date | May 7, 2024 |
| Silkflex Polymers IPO Close Date | May 10, 2024 |
| Silkflex Polymers IPO Allotment Date | May 13, 2024 |
| Silkflex Polymers IPO Listing Date | May 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,482,000 shares of ₹10 (aggregating up to ₹18.11 Cr) |
| Fresh Issue | 3,482,000 shares of ₹10 (aggregating up to ₹18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr Tushar Lalit Kumar Sanghavi, Ms Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF and M/s. Lalitbhai H Sanghvi HUF |
About Silkflex Polymers Limited
Established in 2016, Silkflex Polymers India Limited specializes in trading textile printing inks and water-based wood coating polymers from Silkflex Polymers SDN BHD, a well-known Malaysian brand.
Our product lineup includes 108 textile printing ink varieties and 51 types of wood coating polymers.
As of May 1, 2024, our main office is located in West Bengal, India. Additionally, we have branches in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited is proud to be the exclusive distributor of Silkflex Polymers Sdn. Bhd. Malaysia, a leading producer of garment printing ink in Malaysia. Equipped with cutting-edge technology, our Malaysian partner has a monthly production capacity of 1000 MT.
We cater to 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 our offices.
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Silkflex Polymers IPO FAQs
What is the start and end date of Silkflex Polymers IPO Subscription?
The Silkflex Polymers IPO started on May 7, 2024, and ended on May 10, 2024.
When does Silkflex Polymers IPO Subscription open?
The Silkflex Polymers IPO open on May 7, 2024.
When does Silkflex Polymers IPO Subscription close?
The Silkflex Polymers IPO Close on May 10, 2024.
What is the allotment date of Silkflex Polymers IPO?
The allotment date for Silkflex Polymers IPO is May 13, 2024.
When is the initial refund date of Silkflex Polymers IPO?
The initial Refund date for Silkflex Polymers IPO is May 14, 2024.
When were the shares credited to investors demat accounts for the Silkflex Polymers IPO?
The shares for the Silkflex Polymers IPO were credited to investors demat accounts on May 14, 2024.
When will Silkflex Polymers IPO be listed on the stock market?
Silkflex Polymers IPO stock market will be listed on May 15, 2024 at 10 am.
What was the price range of the Silkflex Polymers IPO shares?
The Silkflex Polymers IPO shares were offered at a price range of ₹52 per share.
What was the lot size for the Silkflex Polymers IPO shares?
The lot size for the Silkflex Polymers IPO shares was 2000 shares.
What was the total issue size of the Silkflex Polymers IPO?
The total issue size of the Silkflex Polymers IPO was ₹18.11 crores.
How were the shares allocated among different types of investors for the Silkflex Polymers IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Silkflex Polymers IPO listed?
The Silkflex Polymers IPO was listed on the NSE SME.
What is the Silkflex Polymers IPO Subscription Status?
Silkflex Polymers IPO is subscribed 39.30 Times.
