Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India.
The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets.
The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.
The company’s manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, the company employed 70 people.
Durlax Top Surface IPO – Details
| IPO Opening Date | 19 June 2024 |
| IPO Closing Date | 21 June 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 60,00,000 Shares Worth ₹40.80 Crore Fresh Issue: 42,00,000 Shares Worth ₹28.56 Crore Offer For Sale: 18,00,000 Shares Worth ₹12.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 – ₹68 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Durlax Top Surface IPO – Date Schedule
| IPO Open Date | 19 June 2024 |
| IPO Close Date | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation of Refund | 25 June 2024 |
| Credit of Shares to Demat Account | 25 June 2024 |
| IPO Listing Date | 26 June 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
Durlax Top Surface IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,36,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,36,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,72,000 |
Competitive Strengths
- Focusing on multiple end-user industries.
- Wide and diverse range of product offerings.
- Experienced promoters and management team with industry knowledge and an established track record.
- Diversified distribution network across India catering to customers.
Company Promoters
- Mr. Shravan Suthar
- Mr. Lalit Suthar
Object Of The Issue
- Part finance the working capital requirements;
- General corporate purposes; and
- To meet the offer expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 19.74 | 19.66 | -0.26 | 37.46 |
| 31 March 2022 | 47.41 | 46.18 | 0.80 | 39.29 |
| 31 March 2023 | 66.84 | 63.96 | 2.62 | 36.90 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.20% |
| ROCE | 20.20% |
| Debt/Equity | 2.78 |
| RoNW | 23.12% |
| P/BV | 3.87 |
| PAT Margin (%) | 5.56 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.06 | 3.04 |
| P/E (x) | 16.73 | 22.39 |
Durlax Top Surface IPO Promoter Holding
| Pre Issue Share Holding | 95.44% |
| Post Issue Share Holding | 60.35% |
Durlax Top Surface IPO Prospectus
Company Contact Information
| 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/ |
Durlax Top Surface IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Durlax Top Surface IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Durlax Top Surface IPO FAQs
| What is Durlax Top Surface IPO? Durlax Top Surface IPO is a SME IPO. The issue is priced at ₹65 – ₹68 per equity share. The IPO is to be listed on NSE SME. |
| When Durlax Top Surface IPO will open? The IPO is to open on 19 June 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Durlax Top Surface IPO? You can apply for Durlax Top Surface IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Durlax Top Surface IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Durlax Top Surface”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Durlax Top Surface IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Durlax Top Surface”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Durlax Top Surface IPO Size? Durlax Top Surface IPO size is ₹40.80 crores. |
| What is Durlax Top Surface IPO Price Band? Durlax Top Surface IPO Price Band is ₹65 – ₹68. |
| What is Durlax Top Surface IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,36,000 amount while the maximum bid is 2000 shares with ₹1,36,000. |
| What is the Durlax Top Surface IPO Allotment Date? Durlax Top Surface IPO allotment date is 24 June 2024. |
| What is the Durlax Top Surface IPO Listing Date? Durlax Top Surface IPO listing date is 26 June 2024. The IPO is to list on NSE SME. |
