1. Home
  2. SME IPO
  3. Durlax Top Surface Ltd IPO
durlax-top-surface-ipo

Durlax Top Surface IPO

  • Status: Closed
  • RHP:
  • ₹ 130,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    26 Jun 2024

  • Listing Price

    ₹ 109.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 65.00

IPO Details

  • Open Date

    19 Jun 2024

  • Close Date

    21 Jun 2024

  • IPO Price Range

    ₹ 65 to ₹68

  • IPO Size

    ₹ 40.80 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    26 Jun 2024

With just a few clicks, Invest in IPO's!

+91

By proceeding, you agree to all T&C*

Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Durlax Top Surface IPO Subscription Status

Last Updated: 05 July 2024 10:36 AM by 5Paisa

Last Updated: 21st June, 2024 by 5paisa

Durlax Top Surface IPO is all set to open from 19th June to 21st June 2024. The company is engaged in the business of manufacturing solid surface materials. The IPO includes a fresh issue of 4,200,000 shares worth ₹28.56 cr. and an Offer for Sale (OFS) of 1,800,000 shares worth ₹12.24 cr. The total IPO size is ₹40.80 cr. The share allotment date is 24th June 2024, and the IPO will be listed on 26th June 2024 on the stock exchanges. The price band is ₹65 to ₹68 and the lot size is 2000 shares.    

Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Durlax Top Surface IPO:

Durlax Top Surface Limited plans to utilize the raised capital from the IPO to:
●    To fund the working capital requirement.
●    General corporate purposes. 
●    To fund the public issue. 

Established in 2010, Durlax Top Surface is engaged in the business of manufacturing solid surface material. It has two brands LUXOR® and ASPIRON® Acrylic UV Solid Surfaces and Modified Solid Surfaces, respectively. It distributes products directly to customers as well as via distributors. It supplies products in India as well as in Dubai, Bahrain, Greece, and Nepal. 

The products are used in residential, commercial, hospitality, healthcare, exterior, and diverse industries. 

Peer Comparison

●    Kaka Industries Ltd
●    Dhabriya Polywood Ltd
●    Pokarna Ltd

For More Information:
Webstory on Durlax Top Surface IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue from operations 90.76 66.73 47.35
EBITDA 10.73 7.79 6.49
PAT 5.05 2.09 0.48
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets  105.53 76.73 71.68
Share Capital 12.42 12.40 0.15
Total Borrowings 83.69 60.01 58.75
Particulars (in Rs. Crores) FY24 FY23 FY22
Net cash generated from / (used in) operating activities -16.60 3.82 1.57
Net cash from / (used in) investing activities -3.83 -0.064 -0.46
Net cash flow from / (used in) financing activities 20.51 -3.81 -1.05
Net increase (decrease) in cash and cash equivalents 0.082 -0.05 0.04


Strengths

1.    The company focuses on multiple end-user industries.
2.    It has a wide and diverse range of product offerings.
3.    It has a diversified distribution network across India catering to customers.
4.    Experienced promoters and management team.
 

Risks

1.    The company’s revenue mainly comes from the western zone.
2.    The business is working capital intensive.
3.    High working capital requirements. 
4.    It has reported negative cash flow in the past. 
 

Will You Apply for Durlax Top Surface IPO?

Yes No Maybe

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
 

FAQs

Durlax Top Surface IPO opens from 19th June to 21st June 2024.
 

The size of Durlax Top Surface IPO is ₹40.80 cr. 

To apply for Durlax Top Surface IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Durlax Top Surface IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.

The price band of Durlax Top Surface IPO is fixed at  ₹65 to ₹68 per share. 

The minimum lot size of Durlax Top Surface IPO is 2000 shares and the investment required is ₹1,30,000.

The share allotment date of Durlax Top Surface IPO is 24th June 2024.

The Durlax Top Surface IPO will be listed on 26th June 2024.

Expert Global Consultants Private Limited is the book-running lead manager for Durlax Top Surface IPO.

Durlax Top Surface plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    General corporate purposes. 
●    To fund the public issue.