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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹18.11 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹18.11 Cr |
| Fresh Issue | ₹17.18 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹52.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SILKFLEX |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares 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
Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand.
The company offers 108 textile printing ink products and 51 wood coating polymer products.
As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month.
The company sells its products in five Indian states - West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat.
As of December 31, 2023, the company has 28 permanent employees at its offices.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of land | 5.53 |
| 2 | Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries | 2.08 |
| 3 | Funding Working Capital Requirements of the Company | 4.68 |
| 4 | General corporate purposes | 4.11 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 34.46 | 23.75 | 19.69 | 13.14 |
| Total Income | 33.82 | 34.42 | 28.05 | 20.96 |
| Profit After Tax | 2.57 | 0.79 | 0.69 | 0.45 |
| NET Worth | 10.73 | 8.17 | 7.38 | 5.14 |
| Reserves and Surplus | 2.61 | 5.67 | 4.88 | 3.08 |
| Total Borrowing | 17.16 | 12.08 | 9.95 | 6.13 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 23.91% |
| ROCE | 41.04% |
| Debt / Equity | 1.60% |
| RoNW | 23.91% |
| PAT Margin | 7.67% |
| Price to Book Value | 3.94 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.97 | 2.95 |
| P/E (x) | 53.76 | 17.64 |
| Promoter Holding | 99.84% | 69.89% |
| Market Cap | ₹60.36 Cr. | |
