Durlax Top Surface Ltd
Price Range
₹65 - ₹68
Min. Quantity
2,000
Closes on
21 June 2024
Min. investment
₹1,36,000/2,000 Shares
Durlax Top Surface Ltd IPO Timeline
Durlax Top Surface Limited was originally incorporated as Durlax Archtech Private Limited on May 03, 2010 as a Private Limited Company vide Certificate of Incorporation issued by RoC, Maharashtra, Mumbai. The name of Company was changed to Durlax India Private Limited dated August 23, 2017 and again to Durlax Top Surface Private Limited dated January 06, 2023 issued by RoC, Mumbai. The Company was further converted into a Public Limited and the name of Company was changed to 'Durlax Top Surface Limited' vide a Fresh Certificate of Incorporation dated March 29, 2023.
| Event | Date |
|---|---|
| Durlax Top Surface Ltd IPO Opening Date | 19 June 2024 |
| Durlax Top Surface Ltd IPO Closing Date | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation of Refunds | 25 June 2024 |
| Credit of Shares to Demat | 25 June 2024 |
| Durlax Top Surface Ltd IPO Listing Date | 26 June 2024 |
Durlax Top Surface Ltd IPO Details
| Durlax Top Surface Ltd IPO Date | 19 June 2024 to 21 June 2024 |
| Durlax Top Surface Ltd IPO Face Value | ₹10 per share |
| Durlax Top Surface Ltd IPO Price | ₹65 to ₹68 per share |
| Durlax Top Surface Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹40.8 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹28.56 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹12.24 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Shravan Suthar, Lalit Suthar |
Durlax Top Surface Ltd IPO Lot Size
The Durlax Top Surface Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,36,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,36,000 |
| Maximum | 1 | 2,000 | ₹1,36,000 |
- Strengths
- Risks
- Opportunities
- Focusing on multiple end-user industries.
- Wide and diverse range of product offerings.
- Experienced promoters and management team with industry knowledge and an established track record.
- Diversified distribution network across India catering to customers.
Company Financials
Durlax Top Surface Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 105.53 | 90.84 | 5.05 |
| 03-2023 | 77.82 | 66.84 | 2.63 |
| 03-2022 | 72.05 | 47.42 | 0.81 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Part Finance to meet the working capital requirements
- General corporate purposes
Durlax Top Surface Ltd IPO Promoter Holding
| Pre Issue Share Holding | 66.8% |
| Post Issue Share Holding | 39.1% |
Durlax Top Surface Ltd IPO Subscription Status (Bidding Detail)
The Durlax Top Surface Ltd IPO is subscribed 161 times on 21 June 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 161 |
Durlax Top Surface Ltd IPO Prospectus
Durlax Top Surface Ltd IPO Listing Date
| Listing Date | 26 June 2024 |
| BSE Script | 92396 |
| NSE Symbol | DURLAX |
| Listing In | NSE - SME |
| ISIN | INE0OUW01013 |
| IPO Price | ₹68 |
| Face Value | ₹10 |
Company Contact Information
301 Jaisingh Commonspace DayalDas.Rd FP362 WE H.W Vile Parle,Mumbai-400057
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: www.durlax.com
Durlax Top Surface Ltd IPO Registrar
Durlax Top Surface Ltd IPO Lead Manager(s)
- Expert Global Consultants Pvt Ltd
FAQ
What is the issue size of Durlax Top Surface Ltd IPO?
I have pre-applied for Durlax Top Surface Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.