Durlax Top Surface Limited SME IPO

Issue Size (Net)
up to ₹ 40.80 Cr

Price Band
₹ 65.00-68.00 per share

Issue Opens
Jun 19, 2024

Issue Closes
June 21, 2024

Company Information

Durlax Top Surface Limited was incorporated in May 2010 and is engaged in the manufacture of solid surface materials which are sold across India through an extensive distribution network of dealers and direct customers and also exported to various countries such as Dubai, Qatar, Greece and Sri Lanka. The company is represented by two brands, namely LUXOR® and ASPIRON®, which offer a wide range of solid surfaces known for their aesthetics and performance. The LUXOR® brand offers acrylic UV solid sheets, while ASPIRON® offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties and ensure a comprehensive range of high quality solid sheets.

The manufacturing facility is located in Moti Tambadi, Alsad district, near Vapi, Gujarat. The manufacturing facility has infrastructure for storage of raw materials, production of solid slabs, storage of finished products and a laboratory for quality control and research and development. The power requirement for this facility is met by the local grid and back-up generators for running the packaging equipment and general lighting, while water is sourced from the in-house well.

It’s surfaces are used in residential, commercial, hospitality, healthcare, outdoor and various other industries where they provide stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.

Durlax Top Surface SME IPO Strengths

  • Focusing on multiple end-user industries.
  • Wide and diverse range of product offerings.
  • Experienced promoters and management team with industry knowledge and an established track record.
  • Diversified distribution network across India catering to customers.

Durlax Top Surface SME IPO Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Part finance the working capital requirements;
  2. General corporate purposes; and
  3. To meet the offer expenses.

Durlax Top Surface Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,553.507,673.027,168.11
Revenue9,083.936,684.204,741.81
Profit After Tax505.07209.4448.42
Net Worth2,184.381,671.211,292.27
Reserves and Surplus941.61431.141,277.29
Total Borrowing6,070.713,690.933,929.82
Amount in ₹ Lakhs

Durlax Top Surface Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
26-06-2024 Listing68.00₹64 – No Change₹132 (94.12%)26-Jun-2024 10:26
25-06-202468.00₹64 – Up₹132 (94.12%)25-Jun-2024 12:23
24-06-2024 Allotment68.00₹63 – Up₹131 (92.65%)24-Jun-2024 10:28
23-06-202468.00₹60 – Down₹128 (88.24%)24-Jun-2024 0:32
22-06-202468.00₹61 – Up₹129 (89.71%)23-Jun-2024 0:28
21-06-2024 Close68.00₹58 – Up₹126 (85.29%)22-Jun-2024 0:30
20-06-202468.00₹50 – Up₹118 (73.53%)20-Jun-2024 10:59
19-06-2024 Open68.00₹40 – Up₹108 (58.82%)19-Jun-2024 12:00
18-06-202468.00₹28 – Up₹96 (41.18%)18-Jun-2024 10:54
17-06-202468.00₹23 – Up₹91 (33.82%)17-Jun-2024 10:30
16-06-202468.00₹17 – No Change₹85 (25%)17-Jun-2024 0:29
15-06-202468.00₹17 – Up₹85 (25%)16-Jun-2024 0:24
14-06-202468.00₹0 – No Change₹68 (0%)15-Jun-2024 0:31
13-06-202468.00₹0 – No Change₹68 (0%)14-Jun-2024 0:27
 

Durlax Top Surface Limited SME IPO Details

SME IPO Issue Opening Date:June 19, 2024
SME IPO Issue Closing Date:June 21, 2024
SME IPO Issue Price:₹65.00-68.00 Per Share
Face Value₹10 Per Equity Share
Lot Size2000 Shares
Issue Size₹40.80 Cr
Fresh Issue₹28.56 Cr
Issue TypeBook Build Issue
IPO Listing At:NSE SME

Durlax Top Surface Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date19th Jun 2024
Closing Date21st Jun 2024
Basis of Allotment24th Jun 2024
Initiation of Refunds25th Jun 2024
Credit of Shares to Demat25th Jun 2024
Listing Date26th Jun 2024

Prospectus File

We at Bizzlab provide you one-touch solution for all your business ideas. New business setup, or existing business, we provide the most experienced advice and services at one platform in minimum budget.