Silkflex Polymers (India) Ltd

Trading

Offer Period :

7th to 5th May 2024

Silkflex Polymers India Ltd., established in 2016, distributes textile printing inks and wood coating polymers sourced from Silkflex Polymers SDN BHD, Malaysia. Read more... Offering 108 ink and 51 polymer products, it operates from West Bengal and has branches in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.Read less

Silkflex Polymers (India) Ltd IPO Details

IPO Date 7th to 5th May 2024 Minimum Investment ₹104000 / 1 Lots
Listing Date 2024-05-15 Maximum Investment ₹104000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹18.11 Crores
Price ₹52 to ₹52 per share Fresh Issue ₹18.11 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 7th to 5th May 2024
Listing Date 2024-05-15
Face Value ₹10 per share
Price ₹52 to ₹52 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹104000 / 1 Lots
Maximum Investment ₹104000 / 1 Lots
Total Issue Size ₹18.11 Crores
Fresh Issue ₹18.11 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

7th May

IPO Starts

10th May

IPO Ends

13th May

Allotment Date

14th May

Initiation of Refund

14th May

Credit of Shares to Demat Account

15th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.84 69.89
Public Group 0.16 30.11

Silkflex Polymers (India) Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1652000(47.44%)
Retail Shares Offered 1652000(47.44%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3482000
Total Shares With Anchor Investor 3482000

IPO Lot Size

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

Silkflex Polymers (India) Ltd IPO Registrar

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

Silkflex Polymers (India) Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Silkflex Polymers (India) Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Silkflex Polymers (India) Ltd

1. ZDHC certified.

2. Wide range of its products.

3. Location Advantage.

4. Well established relationship with clients.

5. Leveraging the experience of its Promoter and Directors.

6. Strong Marketing Practices.

Risks Involved

1. There are certain criminal litigations against its Promoter and Directors. In case these cases are decided against its Promoter and the other accused, it will cause loss of reputation of the company and that may affect its business, operations and financial conditions.

2. Its business operations relies significantly on the continuous and timely supply of products from Silkflex Polymers Sdn. Bhd ('Silkflex Malaysia') from whom the company purchase 74.86%, 96.04%, 97.81% and 96.48% of the total purchases for the period ended December 31, 2023 and for the financial years ended March 31, 2023, 2022 and 2021, respectively. Any discontinuation of same will adversely impact its overall performance and profitability.

3. Termination or non-renewal of the Silkflex Agreements by Silkflex Polymers Sdn. Bhd. or any material modification to the existing terms under such agreements adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.

4. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

5. The company depends on the success of its relationships with its customers. The company's top ten customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

6. The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in silkflex products, which in turn could adversely affect its business operations and its sales could be diminished if the company is associated with negative publicity.

7. The Company has made an application for conversion of agricultural land located in Village: Gothada, Taluka: Savli, District: Vadodra of Revenue Survey/ Block No.: 590 paiki2/paiki1 New Tenure, Gujarat, India (2999.99 Sq. mt.) and the same is under process. Any delay in getting approval from relevant government authorities will impact its business plans.

8. The company has certain outstanding litigation against its Promoter, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.

9. Inventories and trade receivables form a major part of its current assets. Failure to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.

10. The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.

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

Silkflex Polymers (India) Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-15 92756 SILKFLEX
INE0STN01015
₹52 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹52 ₹52
Open ₹0 ₹60
Low ₹0 ₹57
High ₹0 ₹63
Low ₹0 ₹57

Frequently Asked Questions

What is Silkflex Polymers (India) Ltd IPO?

Answer Field

Silkflex Polymers (India) Ltd IPO is a SME IPO of 34,82,000 equity shares of a face value of ₹10 aggregating up to ₹18.11 Crores. The issue is priced at ₹52 to ₹52 per share. The minimum order quantity is 2000 Shares. The IPO opens on May 07, 2024, and closes on May 10, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Silkflex Polymers (India) Ltd IPO will open?

Answer Field

The Silkflex Polymers (India) Ltd IPO opens on May 07, 2024 and closes on May 10, 2024.

What is the lot size of Silkflex Polymers (India) Ltd?

Answer Field

Silkflex Polymers (India) Ltd lot size is 2000 shares, and the minimum amount required is ₹1,04,000.

How to apply for Silkflex Polymers (India) Ltd IPO?

Answer Field

You can apply in Silkflex Polymers (India) 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 Silkflex Polymers (India) Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Silkflex Polymers (India) Ltd IPO will be done on May 13, 2024, and the allotted shares will be credited to your demat account by May 14, 2024.

When is Silkflex Polymers (India) Ltd IPO listing date?

Answer Field

The Silkflex Polymers (India) Ltd listing date is May 15, 2024.

Who is the registrar of Silkflex Polymers (India) Ltd IPO?

Answer Field

The registrar of Silkflex Polymers (India) Ltd IPO is Bigshare Services Pvt Ltd

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

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Silkflex Polymers (India) Ltd IPO?

Answer Field

The fresh issue size is ₹18.11 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Silkflex Polymers (India) Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,04,000 amount.

How can I approve the UPI mandate request for Silkflex Polymers (India) Ltd IPO?

Answer Field

To apply for Silkflex Polymers (India) 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 Silkflex Polymers (India) Ltd?

Answer Field

The price of each Silkflex Polymers (India) Ltd share will be ranging in between ₹52 to ₹52 per share.

What is the cut-off time for the UPI mandate for Silkflex Polymers (India) Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 10, 2024.

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