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Silkflex Polymers Limited IPO
SILKFLEX POLYMERS (INDIA) LIMITED is selling products of Silkflex Polymers Sdn. Bhd. Malaysia, who are the leading Garment Printing Ink manufacturer in Malaysia with 1000 MT per month capacity having a state-of-the-art thermal reactor. Unlike other suppliers, their inks are manufactured and formulated in-house, from the polymer/resin right up to the final ink. Since the performance of the ink is almost completely dependent on the properties of the polymers/resin, they are able to design and tailor-make polymers/inks for specific application and effect. Silkflex Polymers Sdn. Bhd. is in the list of nominated suppliers for PUMA, C&A and H&M, and is currently used by all major brands of apparel in the world including the recent expansion into European countries like Portugal, Turkey and Spain.
Silkflex Polymers IPO is a fixed price issue of Rs 18.11 crores. The issue is entirely a fresh issue of 34.82 lakh shares. Silkflex Polymers IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. Shreni Shares Limited is the book running lead manager of the Silkflex Polymers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Silkflex Polymers IPO is Shreni Shares.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Silkflex Polymers Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Silkflex Polymers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 7, 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Fresh Issue | 3,482,000 shares (aggregating up to ₹18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,125,000 |
| Share holding post issue | 11,607,000 |
| Market Maker portion | 178,000 shares |
Silkflex Polymers Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, May 7, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
Silkflex Polymers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
Silkflex Polymers Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.84% |
| Share Holding Post Issue | 69.89% |
Competitive Strength:
- -
Silkflex Polymers Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 3,446.35 | 3,381.55 | 256.66 | 1,073.28 | 1,716.18 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,374.73 | 3,442.25 | 78.59 | 816.62 | 1,208.31 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 1,968.81 | 2,804.52 | 68.59 | 738.03 | 994.50 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 1,314.06 | 2,096.07 | 45.35 | 513.51 | 612.81 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.91% |
| ROCE | 41.04% |
| Debt/Equity | 1.6 |
| RoNW | 23.91% |
| P/BV | 3.94 |
| PAT Margin (%) | 7.67 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.97 | 2.95 |
| P/E (x) | 53.76 | 17.64 |
Objectives of Silkflex Polymers IPO
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Acquisition of land.
- 2. Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
- 3. Funding Working Capital Requirements of the Company.
- 4. General corporate purposes.
Silkflex Polymers IPO Review
The company is engaged in the business of trading in Malaysian textile printing inks and water based wood coating polymer products in India. It posted average performance till FY23 and marked bumper profits for 9M of FY23. Based on this performance the issue appears fully priced. Such earning in trading business raise eyebrows and concern over its sustainability. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards.
RHP:
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Frequently asked Questions (FAQs )
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What Is The Size Of The Silkflex Polymers IPO?
The offer size for Silkflex Polymers Limited’s IPO is a fresh issue of 34, 82,000 shares, valued at INR 18.11 crores. The company plans to allocate these funds towards land acquisition, plant and machinery purchases, general corporate needs, and meeting working capital requirements.
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What Is The Price Band Of The Silkflex Polymers IPO?
The price of the issue is INR 52 per share.
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What Is The Listing Date Of The Silkflex Polymers IPO?
The listing date of Silkflex Polymers IPO is May 15, 2024.
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What Is The Allotment Date Of Silkflex Polymers?
The allotment date of the Silkflex Polymers IPO is May 13, 2024.
