Silkflex Polymers (India) Limited IPO (Silkflex Polymers IPO)

Silkflex Polymers Limited IPO
Upcoming Silkflex Polymers IPO | New Silkflex Polymers IPO

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

Silkflex Polymers IPO – Details

IPO Opening Date07 May 2024
IPO Closing Date10 May 2024
Issue TypeFixed Price Issue IPO
Issue Size34,82,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
Other Shares Offered50%

Silkflex Polymers IPO – Date Schedule

IPO Open Date07 May 2024
IPO Close Date10 May 2024
Basis of Allotment13 May 2024
Initiation of Refund14 May 2024
Credit of Shares to Demat Account14 May 2024
IPO Listing Date15 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 10, 2024

Silkflex Polymers IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)12000₹1,04,000
Retail (Maximum)12000₹1,04,000
HNI (Minimum)24000₹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.
Silkflex Polymers IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202120.9620.350.456.12
31 March 202228.0427.120.689.94
31 March 202334.4233.340.7812.08
31 December 202333.8130.362.5617.16
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)7.67
EPS (Rs)0.972.95
P/E (x)53.7617.64

Silkflex Polymers IPO Promoter Holding

Pre Issue Share Holding99.84%
Post Issue Share Holding69.89%

Silkflex Polymers IPO Prospectus

Company Contact Information

Silkflex Polymers (India) Limited

Daga Complex
Sulati Jaladhulagori
Sankrail, Howrah-711302

Phone: +91 9674912615

Silkflex Polymers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Silkflex Polymers IPO Lead Manager(s)

1. Shreni Shares Limited

Silkflex Polymers IPO FAQs

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.
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