Durlax Top Surface Limited IPO (Durlax Top Surface IPO)

Durlax Top Surface Limited IPO
Upcoming Durlax Top Surface IPO | New Durlax Top Surface IPO

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

Durlax Top Surface IPO – Details

IPO Opening Date19 June 2024
IPO Closing Date21 June 2024
Issue TypeBook Built Issue IPO
Issue Size60,00,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Durlax Top Surface IPO – Date Schedule

IPO Open Date19 June 2024
IPO Close Date21 June 2024
Basis of Allotment24 June 2024
Initiation of Refund25 June 2024
Credit of Shares to Demat Account25 June 2024
IPO Listing Date26 June 2024
Cut-off time for UPI mandate confirmation5 PM on June 21, 2024

Durlax Top Surface IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)12000₹1,36,000
Retail (Maximum)12000₹1,36,000
HNI (Minimum)24000₹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.
Durlax Top Surface IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202119.7419.66-0.2637.46
31 March 202247.4146.180.8039.29
31 March 202366.8463.962.6236.90
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)5.56
EPS (Rs)4.063.04
P/E (x)16.7322.39

Durlax Top Surface IPO Promoter Holding

Pre Issue Share Holding95.44%
Post Issue Share Holding60.35%

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

Durlax Top Surface IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Durlax Top Surface IPO Lead Manager(s)

1. Expert Global Consultants Private Limited

Durlax Top Surface IPO FAQs

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.
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