Durlax Top Surface Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 18-06-2024 | 20-06-2024 | 10 | 68 | 2000 Shares | NSE SME | 6,000,000 shares (aggregating up to ₹40.80 Cr) | 2024-06-23 18:30:00 | 2024-06-24 18:30:00 | 2024-06-24 18:30:00 | 25-06-2024 |
About The Company
Durlax Top Surface IPO is a book built issue of Rs 40.80 crores. The issue is a combination of fresh issue of 42 lakh shares aggregating to Rs 28.56 crores and offer for sale of 18 lakh shares aggregating to Rs 12.24 crores.
Durlax Top Surface IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the Durlax Top Surface IPO is expected to be finalized on Monday, June 24, 2024. Durlax Top Surface IPO will list on NSE SME with tentative listing date fixed as Wednesday, June 26, 2024.
Durlax Top Surface IPO price band is set at ₹65 to ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
Expert Global Consultants Private Limited is the book running lead manager of the Durlax Top Surface IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2023 | 7782 | 6684 | 263 | 1726.37 | 430.2 | 3690.93 |
| 30-03-2022 | 7205 | 4742 | 81 | 1294.28 | 1223.2 | 3929.82 |
| 30-03-2021 | 5758 | 1974 | -83 | 1213.62 | 1142.54 | 3746.74 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 48.29 |
| Non-Institutional Buyers*** | 413.57 |
| Retail Investors | 179.79 |
| Total | 160.99 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 136000 |
| Retail (Max) | 1 | 2000 | 136000 |
| HNI (Min) | 2 | 4000 | 272000 |
IPO Listing Details
| Listing Date | 25-06-2024 |
| BSE Script Code | N/A |
| NSE Symbol | DURLAX |
| ISIN | INE0OUW01013 |
| Final Issue Price | 68 |
Promoter holdings
Mr. Shravan Suthar and Mr. Lalit Suthar are the promoters of the company.
Contact Information of the Company
Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: https://www.durlax.com/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Bigshare Services Pvt Ltd