Silkflex Polymers IPO

Silkflex Polymers IPO will open for subscription from 07 May 2024. The company aims for an issue size of ₹18.11 Cr through this IPO.

Company Overview

Full nameSilkflex Polymers Limited
Company Website

About Company

Silkflex Polymers (India) specializes in trading textile printing inks and water-based wood coating polymers, primarily sourced from the Malaysian brand ‘Silkflex’, manufactured by Silkflex Polymers SDN BHD (Silkflex Malaysia). Silkflex Polymers (India) provides an extensive range of products, including 108 textile printing ink products and 51 wood coating polymer products. The company secured a distribution and sales agreement with Silkflex Malaysia on 1 October 2016, to offer Silkflex’s water-based textile printing inks.

Silkflex India products are certified to ZDHC Confidence Level 3 (Zero Discharge of Hazardous Chemicals). As of January 2024, the company’s registered office is located in West Bengal. It also operates five branch offices and warehouses in India, with locations in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab. As of 31 December 2023, Silkflex India had 28 permanent employees working at its offices.

The Objectives of the Issue

  • Acquisition of land;
  • Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries;
  • Funding Working Capital Requirements of the Company; and
  • General corporate purposes.

Silkflex Polymers IPO Timetable

IPO Opening date07 May 2024
IPO Closing10 May 2024
Basis of Allotment13 May 2024
Initiation Refund14 May 2024
Credit to Demat Account14 May 2024
Listing Date15 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 10, 2024)

Silkflex Polymers IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹18.11 Cr – 3,482,000 shares
Fresh Issue₹18.11 Cr – 3,482,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹52 per share
Lot size2000 Shares
Market Maker portion178,000 shares
Shareholding pre-issue8,125,000
Shareholding post-issue11,607,000
Listing ExchangeNSE SME

Lot Size

Retail (Min)12000₹104,000
Retail (Max)12000₹104,000
HNI (Min)24,000₹208,000

Silkflex Polymers IPO Documents

Silkflex Polymers IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered178,000 (5.11%)
Other Shares Offered1,652,000 (47.44%)
Retail Shares Offered1,652,000 (47.44%)
Total Shares Offered3,482,000 (100%)

Silkflex Polymers Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.450.690.792.57
(Amount in ₹ Crores)

Silkflex Polymers Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio53.61
RONW (%)8.839.299.62
ROE (%)11.5210.9610.11
EBITDA (%)7.066.697.59

Company Promoters

  • Mr Tushar Lalit Kumar Sanghavi
  • Ms Urmi Raj Mehta
  • M/s. Tushar Lalitkumar Sanghavi HUF
  • M/s. Lalitbhai H Sanghvi HUF.

Promoter Holding

Pre Issue Share Holding99.84%
Post Issue Share Holding69.89%

Silkflex Polymers IPO Subscription Update

Shares Offered16,52,00016,52,00033,04,000
10 May 202436.3031.4833.89
9 May 20241.638.024.83
8 May 20240.753.241.99
7 May 20240.251.700.98
(The market maker reservation portion of 178,000 shares is not included)

Silkflex Polymers IPO GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
14 May 20241313,500
13 May 20241515,000
11 May 2024109,000
10 May 2024109,000
9 May 202458,000
8 May 202458,000
7 May 202459,000
6 May 2024711,000
4 May 20241015,000

IPO Allotment Status

Silkflex Polymers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Silkflex Polymers IPO Listing Details

Listing Date15 May 2024
BSE Script Code
Final Issue Price₹52 per share

Silkflex Polymers IPO Listing Day Update

Listing ExchangeNSE SME
Final Issue Price₹52.00
Last Trade₹58.70

Silkflex Polymers Lead Manager(s)

Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022

Silkflex Polymers 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

Silkflex Polymers Contact Details

Daga Complex, Sulati Jaladhulagori,
Sankrail, Howrah – 711 302, West Bengal
Phone: +91 9674912615

Silkflex Polymers IPO FAQs

What is the Silkflex Polymers (India) IPO size?

Silkflex Polymers’ offer size is ₹18.11 crores.

What is the Silkflex Polymers (India) IPO price band?

Silkflex Polymers’ public offer price is ₹52 per share.

What is the lot size of the Silkflex Polymers Offer?

Silkflex Polymers offers lot size is 2,000 shares.

What is Silkflex Polymers IPO GMP today?

Silkflex Polymers IPO GMP today is ₹13 per share.

What is the Silkflex Polymers kostak rate today?

Silkflex Polymers’ kostak rate today is INR NA per application.

What is Silkflex Polymers Subject to the Sauda rate today?

Silkflex Polymers is Subject to the Sauda rate today is ₹13,500 per application.

Final thoughts

Silkflex Polymers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. 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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