Loading...
Guest User
Welcome! Please login.
| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹40.80 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹40.80 Cr |
| Fresh Issue | ₹26.52 Cr |
| Offer for Sale | ₹12.24 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹65.00-68.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | DURLAX |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Expert Global Consultants Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Established in 2010, Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India.
The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets. The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.
The company's manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, the company employed 70 people.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part finance to meet the working capital requirements | 17.50 |
| 2 | General corporate purposes | 6.00 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 105.54 | 76.73 | 71.68 |
| Total Income | 90.84 | 66.84 | 47.42 |
| Profit After Tax | 5.05 | 2.09 | 0.48 |
| NET Worth | 21.84 | 16.71 | 12.92 |
| Reserves and Surplus | 9.42 | 4.31 | 12.77 |
| Total Borrowing | 60.71 | 36.91 | 39.30 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 26.20% |
| ROCE | 20.20% |
| Debt / Equity | 2.78% |
| RoNW | 23.12% |
| PAT Margin | 5.56% |
| Price to Book Value | 3.87 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.06 | 3.04 |
| P/E (x) | 16.73 | 22.39 |
| Promoter Holding | 95.44% | 60.35% |
| Market Cap | ₹113.07 Cr. | |
