Durlax Top Surface IPO

Durlax Top Surface IPO will open for subscription from 19 June 2024. The company aims to have an issue size of ₹40.80 Cr through this IPO.

Company Overview

Full nameDurlax Top Surface Limited
SectorConstruction Materials
Company Websitehttps://www.durlax.com/

About Company

Durlax Top Surface specializes in crafting solid surface materials. These products are distributed throughout India via a vast network of distributors and direct customers. Additionally, they are exported to diverse locations including Dubai, Bahrain, Greece, and Nepal.

The company has two brands, LUXOR and ASPIRON. LUXOR offers acrylic UV solid sheets, while ASPIRON provides modified solid sheets. Both brands feature seamless designs with antibacterial and fire-retardant properties, ensuring a high-quality range of solid sheets. These products are ideal for residential, commercial, hospitality, healthcare, outdoor, and various other industries, offering stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects, and more.

The company achieved sales to distributors amounting to approximately INR 58.90 crore, accounting for 64.89% of its total sales for the financial year 2024. In this period, the company was working with 16 distributors. Durlax Top Surface employed a team of 69 individuals.

The Objectives of the Issue

  • Part finance the working capital requirements;
  • General corporate purposes; and
  • To meet the offer expenses.

Durlax Top Surface IPO Timetable

IPO Opening date19 June 2024
IPO Closing21 June 2024
Basis of Allotment24 June 2024
Initiation Refund25 June 2024
Credit to Demat Account25 June 2024
Listing Date26 June 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 21, 2024)

Durlax Top Surface IPO details

Issue typeBook Built Issue IPO
IPO issue size₹40.80 Cr – 6,000,000 shares
Fresh Issue₹28.56 Cr – 4,200,000 shares
Offer for sale₹12.24 Cr – 1,800,000 shares
Face value₹10 per share
Price Band ₹65 to ₹68 per share
Lot size2000 Shares
Market Maker portion300,000 shares
Shareholding pre-issue12,427,701
Shareholding post-issue16,627,701
Listing ExchangeNSE SME

Durlax Top Surface IPO Lot Size

Retail (Min)12000₹136,000
Retail (Max)12000₹136,000
HNI (Min)24,000₹272,000

Durlax Top Surface Offer Documents

Durlax Top Surface IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered592,000 (9.87%)
Market Maker Shares Offered300,000 (5.00%)
QIB Shares Offered2,252,000 (37.53%)
NII (HNI) Shares Offered856,000 (14.27%)
Retail Shares Offered2,000,000 (33.33%)
Total Shares Offered6,000,000 (100%)

Durlax Top Surface Financial Performance

 FY 2022FY 2023FY 2024
Net income0.482.095.05
(Amount in ₹ Crores)

Durlax Top Surface Valuations & Margins

FY 2022FY 2023FY 2024
PE ratio16.01 – 16.75
RONW (%)3.7512.5323.12
ROCE (%)12.3516.1320.20
EBITDA (%)13.7111.6911.83

Company Promoters

  • Mr. Shravan Suthar
  • Mr. Lalit Suthar

Promoter Holding

Pre Issue Share Holding95.44%
Post Issue Share Holding60.35%

Durlax Top Surface Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
25 June 20246592,500
24 June 20246088,000
22 June 20245787,500
21 June 20245075,000
20 June 20243541,000
19 June 20242530,000
18 June 20242028,000
17 June 20241621,500

Durlax Top Surface Offer Subscription Update

Shares Offered22,52,0008,56,00020,00,00051,08,000
21 Jun 202448.29414.58184.83163.14
20 Jun 20242.9411.4127.6614.04
19 Jun 20242.285.1310.275.88
(The market maker reservation portion of 3,00,000 shares is not included)

Durlax Top Surface IPO Allotment Status

Durlax Top Surface IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Durlax Top Surface IPO Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Durlax Top Surface IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Durlax Top Surface IPO Lead Manager(s)

1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in

Durlax Top Surface IPO Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Durlax Top Surface Contact Details

301, Jaisingh Commonspace, Dayal Das Road,
FP362, W.E. Highway, Vile Parle (East), Mumbai – 400057
Phone: +91-75067 99831
E-mail: cs@durlaxindia.com
Website: www.durlax.com

Durlax Top Surface IPO FAQs

What is the Durlax Top Surface offer size?

Durlax Top Surface’s offer size is ₹ 39.0 – 40.80 crores.

What is the Durlax Top Surface offer price band?

Durlax Top Surface’s public offer price is ₹ 65 – 68 per share.

What is the lot size of the Durlax Top Surface Offer?

Durlax Top Surface offer a lot size is 2,000 shares.

What is Durlax Top Surface Offer GMP today?

Durlax Top Surface IPO GMP today is ₹ 65 per share.

What is the Durlax Top Surface kostak rate today?

Durlax Top Surface kostak rate today is ₹ NA per application.

What is Durlax Top Surface Subject to the Sauda rate today?

Durlax Top Surface is Subject to the Sauda rate today is ₹ 92,500 per application.

Final thoughts

Durlax Top Surface IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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