Durlax Top Surface IPO Details: The IPO date for Durlax Top Surface has been confirmed. The IPO will open on June 19 and close on June 21. This NSE SME IPO aims to raise ₹40.80 crores, with the price band set between ₹65 and ₹68 per share and a market lot of 2000 shares.
Durlax Top Surface specializes in manufacturing solid surface materials, distributed throughout India via an extensive network of distributors and direct customers, and exported to countries such as Dubai, Qatar, Greece, and Sri Lanka. The company operates under two brands, LUXOR® and ASPIRON®. LUXOR® offers Acrylic UV Solid Surfaces, while ASPIRON® provides Modified Solid Surfaces, both known for their seamless designs, anti-bacterial properties, and fire-retardant features, ensuring a comprehensive selection of high-quality solid surfaces.
Based in Vapi, Durlax Top Surface’s state-of-the-art manufacturing facility employs advanced German and South Korean technologies. The company strives to meet the evolving demands of its customers, creating aesthetically pleasing and functional spaces across various sectors.
Their solid surfaces are used in a wide range of applications, including residential, commercial, hospitality, healthcare, exterior, and diverse industries. They provide stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, and outdoor projects.
Durlax Top Surface IPO Objectives:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Part finance the working capital requirements;
- General corporate purposes; and
- To meet the offer expenses.
Durlax Top Surface IPO Review (Apply or Not)
- Update Soon
Durlax Top Surface IPO Date & Price Band Details:
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹40.80 Crores, 6,000,000 Equity Shares |
| Fresh Issue: | Approx ₹28.56 Crores, 4,200,000 Equity Shares |
| Offer for Sale: | Approx ₹12.24 Crores, 1,800,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 to ₹68 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Durlax Top Surface IPO Lot Size:
The IPO for Durlax Top Surface is set to open on June 19 and close on June 21. This NSE SME IPO aims to raise ₹40.80 crores, with a price band of ₹65 to ₹68 per share. The minimum market lot is 2000 shares, requiring an application amount of ₹136,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹136,000 |
| Retail Maximum | 1 | 2000 | ₹136,000 |
| S-HNI Minimum | 2 | 4000 | ₹272,000 |
Durlax Top Surface IPO Timeline:
The Durlax Top Surface IPO is scheduled to open on June 19 and close on June 21. The allotment date for the IPO is set for June 24, and if everything proceeds as planned, the IPO is expected to list on June 26.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
Durlax Top Surface IPO GMP Today:
The Grey Market Premium (GMP) for Durlax Top Surface SME IPO stands at ₹23. With the IPO’s price band set at ₹65 to ₹68 per share, and considering the GMP of ₹23, the estimated listing price is expected to be ₹91 per share (which is the upper price band ₹68 plus the GMP ₹23).
Durlax Top Surface Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹19.74 | ₹19.66 | ₹0.26 |
| 2022 | ₹47.42 | ₹46.19 | ₹0.81 |
| 2023 | ₹66.84 | ₹63.97 | ₹2.63 |
Durlax Top Surface IPO Valuation – FY2023
Check Durlax Top Surface IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.20 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 15.21% |
| Net Asset Value (NAV): | ₹14.46 per Equity Share |
Peer Group
- Kaka Industries Limited
- Dhabriya Polywood Limited
- Pokarna Limited
Company Promoters
- Mr. Shravan Suthar
- Mr. Lalit Suthar
Durlax Top Surface IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Durlax Top Surface IPO Allotment Status
Check Durlax Top Surface IPO allotment status on Bigshare website URL. Click Here
Durlax Top Surface IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: https://www.durlax.com/
Durlax Top Surface IPO FAQs
1. What is the IPO date for Durlax Top Surface?
- The IPO for Durlax Top Surface opens on June 19, 2024, and closes on June 21, 2024.
2. What is the price band for Durlax Top Surface IPO?
- The price band for Durlax Top Surface IPO is set at ₹65 to ₹68 per share.
3. What is the minimum market lot for Durlax Top Surface IPO?
- The minimum market lot for Durlax Top Surface IPO is 2000 shares.
4. How much is the application amount for Durlax Top Surface IPO?
- The application amount for Durlax Top Surface IPO, based on the minimum market lot, is ₹136,000.
5. When is the allotment date for Durlax Top Surface IPO?
- The allotment date for Durlax Top Surface IPO is scheduled for June 24, 2024.
6. When is Durlax Top Surface expected to list on the stock exchange?
- Durlax Top Surface IPO is expected to list on June 26, 2024, subject to regulatory approvals and market conditions.
7. What is the Grey Market Premium (GMP) for Durlax Top Surface IPO?
- As of June 17, 2024, the Grey Market Premium (GMP) for Durlax Top Surface IPO is ₹23 per share.
8. How is the estimated listing price calculated for Durlax Top Surface IPO?
- The estimated listing price for Durlax Top Surface IPO can be calculated by adding the upper price band (₹68) to the Grey Market Premium (GMP). Therefore, the estimated listing price is ₹91 per share.
9. What is the expected percentage gain per share upon listing for Durlax Top Surface IPO?
- The expected percentage gain per share upon listing for Durlax Top Surface IPO is approximately 33.82%, calculated based on the difference between the estimated listing price (₹91) and the upper price band (₹68).
10. Where can I find more information about Durlax Top Surface IPO?
- For detailed information about Durlax Top Surface IPO, including prospectus, application process, and updates, you can visit the official website of the National Stock Exchange (NSE) or consult with your registered broker.
