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SME IPO Status: Listed [19th Jun 2024 to 21st Jun 2024]
Durlax Top Surface IPO, a SME IPO of ₹40.80 Cr was launced on 19-06-2024 to 21-06-2024 and the shares got listed on NSE SME on 26-06-2024.
The public issue of Durlax Top Surface IPO (DURLAX) was offered at ₹68.00 per share and the ipo was listed at ₹109.00. It has delivered listing gain of 60.29%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 82000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Jun 2024 |
| SME IPO Issue Closing Date: | 21st Jun 2024 |
| SME IPO Issue Price: | ₹65.00-68.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹40.80 Cr |
| Offer for Sale: | ₹12.24 Cr |
| Fresh Issue: | ₹28.56 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.44% |
| Promoter Holding Post IPO: | 60.35% |
| Allotment Status: | Allotment Status |
| NSE Code: | DURLAX |
Get important updates regarding Durlax Top Surface SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Jun 2024 |
| Refunds Initiation* | 25th Jun 2024 |
| Credit of Shares to Demat* | 25th Jun 2024 |
| SME IPO Listing Date* | 26th Jun 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹65.00-68.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹136000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹272000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-06-2024 | 68.00 | 64 | 97300 | ₹132 (94.12%) | 26-Jun-2024 10:26 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Durlax Top Surface Limited was incorporated in May 2010 and is engaged in the manufacture of solid surface materials which are sold across India through an extensive distribution network of dealers and direct customers and also exported to various countries such as Dubai, Qatar, Greece and Sri Lanka. The company is represented by two brands, namely LUXOR® and ASPIRON®, which offer a wide range of solid surfaces known for their aesthetics and performance. The LUXOR® brand offers acrylic UV solid sheets, while ASPIRON® offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties and ensure a comprehensive range of high quality solid sheets.
The manufacturing facility is located in Moti Tambadi, Alsad district, near Vapi, Gujarat. The manufacturing facility has infrastructure for storage of raw materials, production of solid slabs, storage of finished products and a laboratory for quality control and research and development. The power requirement for this facility is met by the local grid and back-up generators for running the packaging equipment and general lighting, while water is sourced from the in-house well.
It's surfaces are used in residential, commercial, hospitality, healthcare, outdoor and various other industries where they provide stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Granites & Marbles | ₹40.80 Cr | https://www.durlax.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,252,000 (44.09%) | 856,000 (16.76%) | 2,000,000 (39.15%) | 5,108,000 | |
| 1 | 19th Jun 2024 19:31 | 2.28x | 5.16x | 10.53x | 5.99x |
| 2 | 20th Jun 2024 19:31 | 2.94x | 11.16x | 28.48x | 14.32x |
| 3 | 21st Jun 2024 18:21 | 48.29x | 415.06x | 193.95x | 166.79x |
Durlax Top Surface Limited's revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,553.50 | 7,673.02 | 7,168.11 |
| Revenue | 9,083.93 | 6,684.20 | 4,741.81 |
| Profit After Tax | 505.07 | 209.44 | 48.42 |
| Net Worth | 2,184.38 | 1,671.21 | 1,292.27 |
| Reserves and Surplus | 941.61 | 431.14 | 1,277.29 |
| Total Borrowing | 6,070.71 | 3,690.93 | 3,929.82 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Durlax Top Surface Limited | 4.06 | 4.06 | 17.58 | 23.12 | ||
| Kaka Industries Ltd | 10.34 | 10.34 | 37.69 | 17.53 | 25.25 | |
| Dhabriya Polywood Ltd | 13.01 | 13.01 | 76.08 | 23.79 | 17.1 | |
| Pokarna Ltd. | -1.03 | -1.03 | 38.63 | -5.63 |
Last Updated on 30-Jun-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Durlax Top Surface SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Durlax Top Surface SME IPO with Zerodha.
Alternate approch to apply in Durlax Top Surface SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Durlax Top Surface SME IPO Review and Important Updates
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To subscribe or apply in Durlax Top Surface SME IPO, you can use the following methods:
| Durlax Top Surface SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Durlax Top Surface SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Durlax Top Surface SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Durlax Top Surface SME IPO. Most of the Syndicate Banks provide access to apply in Durlax Top Surface IPO via ASBA process. You must have your net banking access, DP ID information to apply in Durlax Top Surface SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Durlax Top Surface SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Durlax Top Surface SME IPO Review and Important Updates
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Durlax Top Surface SME IPO is going to be list on 26-06-2024. NSE Code for Durlax Top Surface is DURLAX.
Other relevant questions:
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Durlax Top Surface SME IPO Allotment Date is 24-06-2024.
Other relevant questions:
Durlax Top Surface SME IPO share allotment date?Durlax Top Surface SME IPO allotment date?
