Durlax Top Surface IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
👉A legacy of 31 Years.
India`s Oldest Investment & IPO website.
👉Most Trusted by Investors across India.

Table of Contents

What is the business of Durlax Top Surface?

Durlax Top Surface is engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka. It operates through two brands namely LUXOR® and ASPIRON®, which provide a wide range of solid surfaces known for their aesthetics and performance. Its LUXOR® brand offers Acrylic UV Solid Surfaces, while ASPIRON® offers Modified Solid Surfaces. Both brands offer seamless designs, anti-bacterial properties, and fire-retardant features, ensuring a comprehensive selection of high-quality solid surfaces.
Situated in Vapi, its state-of-the-art manufacturing facility is equipped with German and south Korean
technologies and advanced machinery to produce solid surface materials. It aims to meet the ever
evolving demands of its customers and create pleasing and functional spaces across various sectors.
Its solid surfaces find applications in residential, commercial, hospitality, healthcare, exterior, and
diverse industries, providing stylish and durable solutions for countertops, vanities, offices, retail
spaces, hotels, hospitals, outdoor projects, and more.
The company is founded by Shravan Suthar and Lalit Suthar, both of whom are certified in interior
designing and decoration, boasting substantial expertise in this domain.
Get more information about the company @ https://www.durlax.com/

Who are the Promoters of Durlax Top Surface IPO?
Mr. Shravan Suthar and Mr. Lalit Suthar are the promoters of the company.

What are the Objects of Durlax Top Surface IPO?

The Offer comprises of a Fresh Issue of Equity shares 

The company intends to utilize the proceeds of the Offer to meet the following objects: –

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

Durlax Top Surface IPO Guidance

Durlax Top Surface is engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka. It operates through two brands namely LUXOR® and ASPIRON®, which provide a wide range of solid surfaces known for their aesthetics and performance
Size: Net size of the IPO is Rs. 35.91 crore which is not very large considering strong euphoria among the investors. The retail portion is just RS. 12.57 crore and can get one time subscribed with just 998 applications. HNI portion is just Rs. 5.39 crore and it can also get huge oversubscription.
Analysis of Financials: The company incurred losses during 2020-21, may due to lockdown phase.The profits for the year 2022-23 appears to be some what higher side.Even if we underweight the same, the upper price band leaves  room for some listing gains. 
Guidance: As mentioned above the chances of allotment are low and yet one or two lots can be applied with the expectations of small listing gains. 

Quicklinks

• Staffavailable.com
• BigGaddi.com
• ChanakyaMFGuidance.com
• Magajmari.com
• AnalysisLibrary.com

Durlax Top Surface IPO GMP today details

Durlax Top Surface IPO

Durlax Top Surface IPO FAQs

What is Durlax Top Surface IPO?
Durlax Top Surface IPO is a SME IPO of 6000000 equity shares of the face value of Rs. 10 aggregating up to Rs.40.80 Crores. The issue is priced at Rs.65-68 per share. The minimum order quantity is 2000 Shares.

When will Durlax Top Surface IPO open?
Durlax Top Surface IPO opens on June 19, 2024, and closes on June 21, 2024.

What is the lot size of Durlax Top Surface IPO?
urlax Top Surface IPO lot size is 2000 Shares, and the minimum amount required is Rs.13000.

How to apply for Durlax Top Surface IPO?
You can apply in Durlax Top Surface IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Durlax Top Surface IPO allotment?
The finalization of Basis of Allotment for Durlax Top Surface IPO will be done on 24 June, 2024, and the allotted shares will be credited to your demat account by June 25, 2024.

When is Durlax Top Surface IPO listing date?
Durlax Top Surface IPO listing date is June 26, 2024.