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Durlax Top Surface Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹68
Per Share
GMP
NIL
Grey Market
Est. Listing
₹68
Expected Price
Min. Application
₹272,000
2 lots × 2000 shares
IPO Issue Details
Issue Price / Price Band₹68 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size60,00,000 shares (aggregating up to ₹40.80 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 19 Jun 2024
Subscription CloseFri, 21 Jun 2024
Anchor AllotmentTue, 18 Jun 2024
Basis of AllotmentMon, 24 Jun 2024
Initiation of RefundsTue, 25 Jun 2024
Credit of Shares to DematTue, 25 Jun 2024
Listing DateWed, 26 Jun 2024
UPI Mandate Deadline2024-06-21
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 2,000 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 4,000 shares
EPS (Pre-IPO)₹4.06
EPS (Post-IPO)₹3.04
P/E Ratio (Pre-IPO)16.73x
P/E Ratio (Post-IPO)22.39x
Net Offer to Public57,00,000 shares (aggregating up to ₹38.76 Cr)
Reserved for Market Maker3,00,000 shares (aggregating up to ₹2.04 Cr)
Pre-IPO Promoter Holding1,24,27,701 shares
Post-IPO Promoter Holding1,66,27,701 shares
Fresh Issue Shares39,00,000 shares (aggregating up to ₹26.52 Cr)
Offer for Sale Shares18,00,000 shares of ₹10 (aggregating up to ₹12.24 Cr)
About Durlax Top Surface Ltd

Durlax Top Surface Ltd is proposing an Initial Public Offering (IPO) on the NSE SME platform under the SME category. The total issue size is 60,00,000 shares (aggregating up to ₹40.80 Cr).

Subscription opens 19 Jun 2024, closes 21 Jun 2024. Listing expected 26 Jun 2024. Apply via ASBA or UPI.

Objects of the Issue

Durlax Top Surface Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Part finance the working capital requirements;
2
General corporate purposes; and
3
To meet the offer expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding 1,24,27,701 shares
Post-IPO Promoter Holding 1,66,27,701 shares
Check AllotmentCheck Status →
Durlax Top Surface Ltd — Live Price LIVE
₹68.00
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Issue ₹68.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹68
GMPNIL
Est. Listing₹68
Lot Size2,000 shares
Min Amount₹272,000
Listing Date26 Jun 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹68
Listing Date26 Jun 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 300,000 ₹2.04 Cr
TOTAL 6,000,000 100.00% ₹40.80 Cr
* Based on ₹68.00 (upper price band)
Lot Size & Investment Details
Lot Size
2,000
Shares
Issue Price
₹68.00
Per Share
Min Investment
₹136,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 2,000 ₹136,000
Retail (Max) 13 26,000 ₹1,768,000
sNII (Min) 14 28,000 ₹1,904,000
bNII (Min) 68 136,000 ₹9,248,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 9083.93 6684.20 4741.81
EBITDA N/A N/A N/A
Profit After Tax (PAT) 505.07 209.44 48.42
Net Worth 2184.38 1671.21 1292.27
Total Assets 10553.50 7673.02 7168.11
Reserves & Surplus 941.61 431.14 1277.29
Total Borrowings 6070.71 3690.93 3929.82
Key Ratios & Valuation
Issue Price ₹68
Face Value ₹10 Per Share
P/BV 3.87
RoE 26.20%
RoCE 20.20%
RoNW 23.12%
PAT Margin (%) 5.56%
EBITDA Margin (%) N/A
Debt / Equity 2.78
Company Details
Company
Durlax Top Surface Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle (East), Mumbai – 400 057 Mumbai, Maharashtra
Book Running Lead Managers
Expert Global Consultants Pvt.Ltd
Book Running Lead Manager (BRLM)