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 | 2,000 Shares |
| Total Issue Size | 34,82,000 shares (aggregating up to ₹ 18.11 Cr) |
| Fresh Issue | 34,82,000 shares (aggregating up to ₹ 18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 81,25,000 |
| Share holding post issue | 1,16,07,000 |
| Market Maker portion | 1,78,000 shares |
About 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.
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.
Silkflex Polymers Limited IPO Financial Information
Latest Revenue
3,381.55
₹ Crore
Profit After Tax
256.66
₹ Crore
Net Worth
1,073.28
₹ Crore
Total Borrowing
1,716.18
₹ Crore
| Period Ended | Assets | Revenue From Operations | 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 | |||||||||
Silkflex Polymers Limited 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 |
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Competitive Strengths
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Silkflex Polymers Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |