What is the last grey market premium of Srigee DLM IPO?

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Listing Review: Will update on listing.

Subscription status of Srigee DLM IPO

Srigee DLM Limited IPO
(Day 1)

Price Rs. 99 Lot 1200 shares, Rs. 16.98 Crore

QIB NII x RII x Total x Applications
1.45 25.46 15.75 13.77 8306
Note:
The flow of applications has been very impressive on the very first day.

Srigee DLM Allotment Link: 

 

 

What is the business of Srigee DLM?

Originally incorporated on December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited began its journey in plastic moulding for consumer durables. By 2013, the company had successfully diversified into home appliance mouldings, significantly enhancing its capabilities through the addition of advanced injection moulding machines.

Today, Srigee DLM Private Limited is a design-led manufacturing and assembly services company, specializing in:

  • Plastic Injection Moulding
  • Tool Room & Die Manufacturing
  • Mobile Phone Sub-Assembly & Moulding
  • Polymer Compounding & Trading

Serving industries such as consumer durables, home appliances, automotive components, and electronics, Srigee DLM delivers high-quality, cost-effective, and reliable manufacturing solutions to leading OEMs.

Core Business Verticals:

  • Plastic Injection Moulding & Assembly
  • Tool Room & Die Manufacturing
  • Cellular Phone Assembly & Moulding
  • Polymer Compounding & Trading

Driven by a commitment to quality, on-time delivery, and operational efficiency, Srigee DLM has established strong partnerships with renowned OEMs, including Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.

In line with its growth strategy, the company is expanding its presence with a new facility at Ecotech-10, Greater Noida, focused on electronics, electrical assembly, and advanced plastic moulding technologies.

As of August 31, 2024, Srigee DLM Private Limited employs 21 permanent staff members.

Get more information about the company @ http://www.srigee.com/

Srigee DLM IPO Details

IPO opens on  5 May 2025
IPO closes on  7 May 2025
Issue Type Book Built Issue IPO
Issue Size 1714800 Shares /
Rs 16.98 Crore
* Fresh Issue 1714800 Shares /
Rs 16.98 Crore
* Offer for Sale – – shares /
Rs.- crore
Market Maker Portion 86400 Shares
Net offer to Public 1628400 Shares/
Rs 16.12 Crore
Face Value per share Rs. 10
Price Band Rs. 94-99
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 814200 8.06
HNI (15%) 244260 2.42
RII  (35%) 564340 5.64
Total Shares  1628400 16.12
Retail portion will be
oversubscribed by 
470
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1200 Shares Rs.118800
Min HNI Application  2400 Shares Rs. 237600

Who are the Promoters of Srigee DLM?

Mr. Shashi Kant Singh and Mrs. Suchitra Singh are the company promoters.

What are the Objects of Srigee DLM IPO?

The Company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. To meet the capital Expenditure.

  2. To meet out issue expenses

  3. To meet General Corporate Purpose

Tentative timetable

IPO opens on 5 May 2025
IPO Closes on 7 May 2025
IPO Allotment on  8 May 2025
Refund Initiation  9 May 2025
Credit of Shares 9 May 2025
Listing on 12 May 2025
Registered Office of the Company
Srigee DLM Limited
Plot No. 434,
Udyog Kendra 2, Ecotech 3,
Greater Noida
Who is the Lead Manager of this IPO?
GYR Capital Advisors Pvt Ltd

Who is the Registrar to IPO?

Big Share Services Pvt Ltd

Srigee DLM IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Srigee DLM Financial Performance

Period Ended 31-Mar-24 31-Mar-23 31-Mar-22
Assets 24.99 19.89 16.23
Revenue 54.65 47.25 33.04
Profit After Tax 2.97 2.81 1.13
Net Worth 14.56 10.6 7.79
Reserves and Surplus 10.3 8.79 5.97
Total Borrowing 2.27 2.51 3.71
Amount in Rs. Crore
Key Performance Indicators
KPI Values
ROCE 27.85%
Debt/Equity 0.16
RoNW 20.40%
PAT Margin 5.46
Price to Book Value 2.9
EPS  Rs.17.36
PE Ratio 5.72

How Srigee DLM IPO compares with the Peers?

Company Name P/E (x) P/BV Ratio
Srigee DLM Limited 5.72 2.91
Amber Enterprises India Ltd 85.86 5.98
Cyient Dlm Ltd 304.8 2.37

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Srigee DLM IPO Review by Paresh Gordhandas, CA & Research Analyst.

E

+ from fundamental angle: 

+ from grey market angle: So-so

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