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Open
7 May 2024
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Close
10 May 2024
3
Allotment
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Listing
Wed, May 15, 2024
Price Band
₹52 per share
Issue Size
34,82,000 shares (agg. up to ₹18 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, May 15, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 36.59x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 34.46 | 23.75 | 19.69 | 13.14 |
| Total Income | 33.82 | 34.42 | 28.05 | 20.96 |
| Profit After Tax | 2.57 | 0.79 | 0.69 | 0.45 |
| NET Worth | 10.73 | 8.17 | 7.38 | 5.14 |
| Reserves and Surplus | 2.61 | 5.67 | 4.88 | 3.08 |
| Total Borrowing | 17.16 | 12.08 | 9.95 | 6.13 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Accent Microcell Ltd. | SME | ₹78.40 Cr | ₹140 | 13.92 | ₹315.00 | +125.00% | ₹513.40 (+0.71%) |
| Deepak Chemtex Ltd. | SME | ₹23.04 Cr | ₹80 | 10.14 | ₹159.60 | +99.50% | ₹75.75 (-0.63%) |
| Saroja Pharma Industries India Ltd. | SME | ₹9.11 Cr | ₹84 | 23.25 | ₹68.25 | -18.75% | ₹28.60 (-4.51%) |
| Platinum Industries Ltd. | Mainboard | ₹235.32 Cr | ₹171 | 18.73 | ₹221.20 | +29.36% | ₹229.36 (+1.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of land | 5.53 |
| 2 | Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries | 2.08 |
| 3 | Funding Working Capital Requirements of the Company | 4.68 |
| 4 | General corporate purposes | 4.11 |
About Silkflex Polymers IPO
Incorporated on May 13, 2016, Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand. The company offers 108 textile printing ink products and 51 wood coating polymer products. As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab. Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month. The company sells its products in five Indian states - West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat. As of December 31, 2023, the company has 28 permanent employees at its offices.+ Read More
Contact Details
Silkflex Polymers (India) Ltd. AddressDaga ComplexSulati JaladhulagoriSankrailHowrah, West Bengal, 711302+91 9674912615investors@silkflexindia.inVisit Website