Durlax Top Surface Ltd

Miscellaneous

Offer Period :

19th to 6th Jun 2024

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Durlax Top Surface Ltd IPO Details

IPO Date 19th to 6th Jun 2024 Minimum Investment ₹136000 / 1 Lots
Listing Date 2024-06-26 Maximum Investment ₹136000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹40.8 Crores
Price ₹68 to ₹68 per share Fresh Issue ₹28.56 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 12.24
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 19th to 6th Jun 2024
Listing Date 2024-06-26
Face Value ₹10 per share
Price ₹68 to ₹68 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹136000 / 1 Lots
Maximum Investment ₹136000 / 1 Lots
Total Issue Size ₹40.8 Crores
Fresh Issue ₹28.56 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

19th Jun

IPO Starts

21st Jun

IPO Ends

24th Jun

Allotment Date

25th Jun

Initiation of Refund

25th Jun

Credit of Shares to Demat Account

26th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 81.39 50
Public Group 18.61 50

Durlax Top Surface Ltd IPO Reservation

QIB Shares Offered 1140000(19%)
NII (HNI) Shares Offered 856000(14.27%)
Retail Shares Offered 2000000(33.33%)
Anchor Investor Shares Offered 1704000(28.4%)
Total Shares Offered 6000000
Total Shares With Anchor Investor 6000000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Durlax Top Surface Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 022-6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Durlax Top Surface Ltd IPO Lead Manager

1. Expert Global Consultants Pvt Ltd

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Durlax Top Surface Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 22,52,000 10,87,50,000 1,93,949.0
Non Institutional Investors 11,56,000 35,55,92,000 1,93,949.0
Retail Individual Investors (RIIs) 20,00,000 38,78,96,000 1,93,949.0
Total 54,08,000 85,22,38,000 1,93,949.0

Strength of Durlax Top Surface Ltd

1. Focusing on multiple end-user industries.

2. Wide and diverse range of product offerings.

3. Experienced promoters and management team with industry knowledge and an established track record.

4. Diversified distribution network across India catering to customers.

Risks Involved

1. The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers and any failure to continue its existing arrangements could adversely affect the company's business and results of operations.

2. The company does not have long term agreements with suppliers for its raw materials and an increase in the cost of or a shortfall in the availability of such raw materials could have an adverse effect on its business, results of operations and financial condition.

3. Under-utilization of its production capacities could have an adverse effect on its business, future prospects and future financial performance.

4. The majority of its operative income is derived from the domestic market and any adverse developments in this market could adversely affect its business.

5. The company does not enter into long-term arrangements with its distributors and any failure to continue its existing arrangements could negatively affect its business and results of operations.

6. The Company, its Promoters and its Directors are party to certain legal proceedings. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

7. Its contingent liabilities as stated in its Restated Financial Statements could affect the company financial condition.

8. The company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failure to derive the desired benefits from its product development efforts may impact its competitiveness and profitability.

9. Its Manufacturing Facility is located in vapi, Gujarat and therefore, any localized social unrest, natural disaster or breakdown of services or any other natural disaster in Gujarat or any disruption in production at, or shutdown of, its manufacturing unit could have material adverse effect on its business and financial condition.

10. The company has not received consents and information pertaining to certain Promoter Group members which are required to be disclose in relation to the promoter Group in the Draft Red Herring Prospectus. Therefore, the disclosure made in the DRHP are limited to the information available in the public domain.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Durlax Top Surface Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-26 92396 DURLAX
INE0OUW01013
₹68 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹68 ₹68
Open ₹0 ₹109
Low ₹0 ₹103.55
High ₹0 ₹109
Low ₹0 ₹103.55

Frequently Asked Questions

What is Durlax Top Surface Ltd IPO?

Answer Field

Durlax Top Surface Ltd IPO is a SME IPO of 60,00,000 equity shares of a face value of ₹10 aggregating up to ₹40.8 Crores. The issue is priced at ₹68 to ₹68 per share. The minimum order quantity is 2000 Shares. The IPO opens on June 19, 2024, and closes on June 21, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Durlax Top Surface Ltd IPO will open?

Answer Field

The Durlax Top Surface Ltd IPO opens on June 19, 2024 and closes on June 21, 2024.

What is the lot size of Durlax Top Surface Ltd?

Answer Field

Durlax Top Surface Ltd lot size is 2000 shares, and the minimum amount required is ₹1,36,000.

How to apply for Durlax Top Surface Ltd IPO?

Answer Field

You can apply in Durlax Top Surface Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Durlax Top Surface Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Durlax Top Surface Ltd IPO will be done on June 24, 2024, and the allotted shares will be credited to your demat account by June 25, 2024.

When is Durlax Top Surface Ltd IPO listing date?

Answer Field

The Durlax Top Surface Ltd listing date is June 26, 2024.

Who is the registrar of Durlax Top Surface Ltd IPO?

Answer Field

The registrar of Durlax Top Surface Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Expert Global Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Durlax Top Surface Ltd IPO?

Answer Field

The fresh issue size is ₹28.56 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Durlax Top Surface Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,36,000 amount.

How can I approve the UPI mandate request for Durlax Top Surface Ltd IPO?

Answer Field

To apply for Durlax Top Surface Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Durlax Top Surface Ltd?

Answer Field

The price of each Durlax Top Surface Ltd share will be ranging in between ₹68 to ₹68 per share.

What is the cut-off time for the UPI mandate for Durlax Top Surface Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 21, 2024.

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