IPO

Silkflex Polymers (India) Ltd. IPO

Silkflex Polymers (India) Ltd., established in 2016, operates in the Dyes & Pigments sector. The company's IPO opened on May 7, 2024 and closed on May 10, 2024, with an issue price of ₹52. The ... Read more

Min Investment
₹ 1,04,000 / 2000 shares
Price Range
₹52
Bidding Dates
7 May '24 - 10 May '24
Total Issue Value
9.52 Cr
Lot Size
2,000
Total Issue Size
9.52 Cr
Listing At
NSE SME
Subscription
37.15 times
NSE Price
78.75 (51.44%)

IPO Timeline

  • 7 May 2024
    Bidding Starts
  • 10 May 2024
    Bidding Ends
  • 13 May 2024
    Allotment Finalization
  • 15 May 2024
    Listing

About Silkflex Polymers (India) Ltd.

Our Company is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- “Silkflex” produced by Silkflex Polymers SDN BHD (“Silkflex Malaysia”). Silkflex Malaysia, are one of the garment printing ink ... Read more

Parent organisation
Founded
Silkflex Polymers (India) Ltd.
2016

Silkflex Polymers (India) Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 1,78,000 (9.73%)
Non Institutional Investors 16,52,000 (90.27%)
Retail Individual Investors (RIIs) 16,52,000 (90.27%)

Silkflex Polymers (India) Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 59.97 Cr 3.93 Cr 4.14 Cr
31 Mar 2023 34.42 Cr 78.59 Lakh 5.67 Cr
31 Mar 2022 28.05 Cr 68.59 Lakh 4.88 Cr

Silkflex Polymers (India) Ltd. Background

Our Company was originally incorporated on May 13, 2016 as “Silkflex Polymers (India) Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited ...

Read more

Major Events And Milestones
  • 2016
    Incorporation of our company under the name “Silkflex Polymers (India) Private Limited”
    Company has entered into an agreement with Silkflex Malaysia on October 01, 2016, for distribution and selling, the water-based textile printing inks products of Silkflex
  • 2019
    Company has entered into an agreement with Silkflex Malaysia on October 01, 2019 for distribution and selling, the wood coating polymers products of Silkflex Malaysia
  • 2023
    Company has entered into an agreement with Silkflex Malaysia on July 25, 2023, for manufacturing the Silkflex products like Silkbond 35 and binder for table glue products.in India.
    Conversion of the Company from Private Limited Company i.e., Silkflex Polymers (India) Private Limited to “Silkflex Polymers (India) Limited”
Silkflex Polymers (India) Ltd. Object of Issues

1. Acquisition of land
2. Funding of capital expenditure requirements of our Company towards purchase of Plant and Machineries
3. Funding Working Capital Requirements of our Company
4. General corporate purposes

Silkflex Polymers (India) Ltd. IPO Listing Details
Listing Date
15 May 2024
NSE Symbol
SILKFLEX
ISIN
INE0STN01015
Final Issue Price
₹ 52
Silkflex Polymers (India) Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 52.00
Open - ₹ 60.00
Low - ₹ 57.00
High - ₹ 63.00
Last Trade - ₹ 58.70
Silkflex Polymers (India) Ltd. Company Promoters

1. Mr. Tushar Lalit Kumar Sanghavi
2. Ms. Urmi Raj Mehta
3. M/s Tushar Lalitkumar Sanghavi HUF
4. M/s Lalitbhai H Sanghvi HUF

Industry Overview

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other ... Read more

Silkflex Polymers (India) Ltd. Contact Details
Address: Daga Complex, Sulati Jaladhulagori, Sankrai, Howrah West Bengal - 711302
Phone no:
Silkflex Polymers (India) Ltd. IPO Registrar
Bigshare Services Private Limited.
S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai Maharashtra - 400093
62638200
Silkflex Polymers (India) Ltd. IPO Lead Manager(s)
Shreni Shares Ltd.
No. 217, Hive 67 Icon, Poisar Gymkhana Road, Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai Maharashtra - 400067
20897022

FAQs

When does Silkflex Polymers (India) Ltd. IPO opens and closes?

Silkflex Polymers (India) Ltd. IPO opens from 7th May to 10th May 2024.

What is the size of Silkflex Polymers (India) Ltd. IPO?

The size of the Silkflex Polymers (India) Ltd. IPO is ₹9.52 Cr.

What is the minimum investment and lot size required for the Silkflex Polymers (India) Ltd. IPO?

The minimum investment required is ₹1,04,000 and minimum lot size is 2000 shares.

When is Silkflex Polymers (India) Ltd. IPO listing date?

The Silkflex Polymers (India) Ltd. IPO will be listed on 15th May 2024.

What is the objective of Silkflex Polymers (India) Ltd. IPO?

1. Acquisition of land
2. Funding of capital expenditure requirements of our Company towards purchase of Plant and Machineries
3. Funding Working Capital Requirements of our Company
4. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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