May 12, 2025
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What is the last grey market premium of Srigee DLM IPO?
Rs. 45
Listing Review: On 12 th May 2025, the scrip is listed at Rs. 118.10, premium of 90% over the issue price of Rs 99. The listing is quite above the expectations of the grey market players.
Subscription status of Srigee DLM IPO
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Srigee DLM Limited IPO Price Rs. 99 Lot 1200 shares, Rs. 16.98 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 136.52 | 1534.66 | 243.71 | 490.93 | 150783 |
| Note: The flow of applications has been very impressive on the last day from all categories |
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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/
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Srigee DLM IPO Details |
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| 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 |
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| 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:
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To meet the capital Expenditure.
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To meet out issue expenses
- To meet General Corporate Purpose
Tentative timetable |
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| 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 |
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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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