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SME IPO Status: Listed [7th May 2024 to 10th May 2024]
Silkflex Polymers IPO, a SME IPO of ₹18.11 Cr was launced on 07-05-2024 to 10-05-2024 and the shares got listed on NSE SME on 15-05-2024.
The public issue of Silkflex Polymers IPO (SILKFLEX) was offered at ₹52.00 per share and the ipo was listed at ₹60.00. It has delivered listing gain of 15.38%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 16000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 7th May 2024 |
| SME IPO Issue Closing Date: | 10th May 2024 |
| SME IPO Issue Price: | ₹52.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹18.11 Cr |
| Fresh Issue: | ₹18.11 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.84% |
| Promoter Holding Post IPO: | 69.89% |
| Allotment Status: | Allotment Status |
| NSE Code: | SILKFLEX |
Get important updates regarding Silkflex Polymers 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* | 13th May 2024 |
| Refunds Initiation* | 14th May 2024 |
| Credit of Shares to Demat* | 14th May 2024 |
| SME IPO Listing Date* | 15th May 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹52.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹104000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-05-2024 | 52.00 | 15 | 22800 | ₹67 (28.85%) | 15-May-2024 10:32 |
**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.
Silkflex Polymers (India) Limited was founded in May 2016 and distributes products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading garment ink manufacturer in Malaysia with a capacity of 1000 MT per month and a state of the art thermal reactor. Unlike other suppliers, the inks are manufactured and formulated in-house, from polymer/resin to finished ink.
As the performance of the ink is almost entirely dependent on the properties of the polymers/resins, the company is able to develop and customise polymers/inks for specific applications and effects. Silkflex Polymers Sdn. Bhd. is on the list of nominated suppliers to PUMA, C&A and H&M and is currently used by all major apparel brands in the world, including recent expansion into European countries such as Portugal, Turkey and Spain.
Silkflex Wood Coating is at the forefront of water-based wood coating technology, enabling the rapid production of extremely hard surfaces in a low VOC formulation. It is currently used by the largest furniture brands in the world and in some of the most prestigious buildings. Silkflex Wood Coating can be used effectively and without compromise as a replacement for traditional solvent–based wood coatings. Silkflex Wood Coating is the solution for environmentally friendly wood coatings.
| Incorporation | Sector | IPO Issue Size | Website |
| 2016 | Paints | ₹18.11 Cr | https://silkflexindia.in/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding 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 | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,652,000 (50%) | 1,652,000 (50%) | 3,304,000 | |
| 1 | 7th May 2024 19:31 | 0.26x | 1.80x | 1.03x |
| 2 | 8th May 2024 19:31 | 0.65x | 3.48x | 2.07x |
| 3 | 9th May 2024 19:31 | 1.53x | 8.11x | 4.82x |
| 4 | 10th May 2024 18:21 | 36.59x | 35.97x | 39.30x |
Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,446.35 | 2,374.73 | 1,968.81 | 1,314.06 |
| Revenue | 3,381.55 | 3,442.25 | 2,804.52 | 2,096.07 |
| Profit After Tax | 256.66 | 78.59 | 68.59 | 45.35 |
| Net Worth | 1,073.28 | 816.62 | 738.03 | 513.51 |
| Reserves and Surplus | 260.78 | 566.62 | 488.03 | 308.06 |
| Total Borrowing | 1,716.18 | 1,208.31 | 994.50 | 612.81 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Silkflex Polymers (India) Limited | 0.97 | 10.05 | 53.76 | 9.62 | ||
| Basf India Ltd. | 93.1 | 623.97 | 40.12 | 14.92 | Standalone | |
| Heubach Colorants India Limited | 8.31 | 187.34 | 48.88 | 4.44 | Standalone | |
| Berger Paints India Ltd. | 8.86 | 42.86 | 57.44 | 20.67 | Standalone |
Last Updated on 19-May-2024 07:02:47
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 Silkflex Polymers 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 Silkflex Polymers SME IPO with Zerodha.
Alternate approch to apply in Silkflex Polymers SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Silkflex Polymers SME IPO Review and Important Updates
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To subscribe or apply in Silkflex Polymers SME IPO, you can use the following methods:
| Silkflex Polymers SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Silkflex Polymers 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 Silkflex Polymers 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 Silkflex Polymers SME IPO. Most of the Syndicate Banks provide access to apply in Silkflex Polymers IPO via ASBA process. You must have your net banking access, DP ID information to apply in Silkflex Polymers 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 Silkflex Polymers 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. |
Silkflex Polymers SME IPO Review and Important Updates
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Silkflex Polymers SME IPO is going to be list on 15-05-2024. NSE Code for Silkflex Polymers is SILKFLEX.
Other relevant questions:
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Silkflex Polymers SME IPO Allotment Date is 13-05-2024.
Other relevant questions:
Silkflex Polymers SME IPO share allotment date?Silkflex Polymers SME IPO allotment date?
