Silkflex Polymers India Limited trades textile printing inks and water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand.
The company offers 108 textile printing ink products and 51 wood coating polymer products.
As of May 1, 2024, the registered office of the Company is situated in the state of West Bengal. Additionally, the company has 5 branch offices across India, with one in each of the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab.
Silkflex Polymers India Limited sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month.
The company sells its products in five Indian states – West Bengal, Tamil Nadu, Punjab, Rajasthan, and Gujarat. As of December 31, 2023, the company has 28 permanent employees at its offices.
Silkflex Polymers IPO – Details
| IPO Opening Date | 07 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 34,82,000 Shares Worth ₹18.11 Crore Fresh Issue: 34,82,000 Shares Worth ₹18.11 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Silkflex Polymers IPO – Date Schedule
| IPO Open Date | 07 May 2024 |
| IPO Close Date | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation of Refund | 14 May 2024 |
| Credit of Shares to Demat Account | 14 May 2024 |
| IPO Listing Date | 15 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
Silkflex Polymers IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,04,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,04,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,08,000 |
Competitive Strengths
- ZDHC certified;
- Wide range of company’s products;
- Location Advantage;
- Well established relationship with clients;
- Leveraging the experience of company’s Promoter and Directors;
- Strong Marketing Practices;
Company Promoters
- Mr Tushar Lalit Kumar Sanghavi
- Ms Urmi Raj Mehta
- M/s. Tushar Lalitkumar Sanghavi HUF
- M/s. Lalitbhai H Sanghvi HUF
Object Of The Issue
- Acquisition of land;
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries;
- Funding Working Capital Requirements of the Company; and
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 20.96 | 20.35 | 0.45 | 6.12 |
| 31 March 2022 | 28.04 | 27.12 | 0.68 | 9.94 |
| 31 March 2023 | 34.42 | 33.34 | 0.78 | 12.08 |
| 31 December 2023 | 33.81 | 30.36 | 2.56 | 17.16 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.91% |
| ROCE | 41.04% |
| Debt/Equity | 1.6 |
| RoNW | 23.91% |
| P/BV | 3.94 |
| PAT Margin (%) | 7.67 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.97 | 2.95 |
| P/E (x) | 53.76 | 17.64 |
Silkflex Polymers IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | 69.89% |
Silkflex Polymers IPO Prospectus
Company Contact Information
| Silkflex Polymers (India) Limited Daga Complex Sulati Jaladhulagori Sankrail, Howrah-711302 Phone: +91 9674912615 Email: investors@silkflexindia.in Website: https://silkflexindia.in/ |
Silkflex Polymers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Silkflex Polymers IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Silkflex Polymers IPO FAQs
| What is Silkflex Polymers IPO? Silkflex Polymers IPO is a SME IPO. The issue is priced at ₹52 per equity share. The IPO is to be listed on NSE SME. |
| When Silkflex Polymers IPO will open? The IPO is to open on 07 May 2024 for Retails – 50% and Others – 50% Investors. |
| How to Silkflex Polymers IPO? You can apply for Silkflex Polymers 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 Silkflex Polymers IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Silkflex Polymers”. 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 Silkflex Polymers IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Silkflex Polymers”. 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 Silkflex Polymers IPO Size? Silkflex Polymers IPO size is ₹18.11 crores. |
| What is Silkflex Polymers IPO Price Band? Silkflex Polymers IPO Price Band is ₹52. |
| What is Silkflex Polymers IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,04,000 amount while the maximum bid is 2000 shares with ₹1,04,000. |
| What is the Silkflex Polymers IPO Allotment Date? Silkflex Polymers IPO allotment date is 13 May 2024. |
| What is the Silkflex Polymers IPO Listing Date? Silkflex Polymers IPO listing date is 15 May 2024. The IPO is to list on NSE SME. |
