Silkflex Polymers (India) Ltd IPO

Silkflex Polymers (India) Ltd IPO

Trading

sme

Bidding period

07 May 2024 - 10 May 2024

Bid price

₹52.00 - ₹52.00

Listing on

NSE-SME

Listing date

15 May 2024

Lot size

2000 shares

Issue size

₹18.11 crore


Minimum investment

₹1,04,000.00 / 1 lot

Maximum investment

₹1,04,000.00 / 1 lot

Bidding closed on 10 May 2024

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Silkflex Polymers (India) Ltd IPO dates

IPO opening date

07 May 2024

IPO end date

10 May 2024

Allotment date

13 May 2024

Initiation of refunds

14 May 2024

Credit of shares to demat

14 May 2024

IPO listing date

15 May 2024

Silkflex Polymers (India) Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹38.92
Total liabilities ₹38.92
Total expenditure ₹54.72
Total revenue ₹59.97
Profit after tax ₹3.93
EBITDA ₹7.38
Adjusted EBITDA ₹0.00

Silkflex Polymers (India) Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 99.84 69.89
Public group 0.16 30.11

Silkflex Polymers (India) Ltd strengths and risks

Information currently unavailable

  • ZDHC certified.

  • Wide range of its products.

  • Location Advantage.

  • Well established relationship with clients.

  • Leveraging the experience of its Promoter and Directors.

  • Strong Marketing Practices.

  • There are certain criminal litigations against its Promoter and Directors. In case these cases are decided against its Promoter and the other accused, it will cause loss of reputation of the company and that may affect its business, operations and financial conditions.

  • Its business operations relies significantly on the continuous and timely supply of products from Silkflex Polymers Sdn. Bhd ('Silkflex Malaysia') from whom the company purchase 74.86%, 96.04%, 97.81% and 96.48% of the total purchases for the period ended December 31, 2023 and for the financial years ended March 31, 2023, 2022 and 2021, respectively. Any discontinuation of same will adversely impact its overall performance and profitability.

  • Termination or non-renewal of the Silkflex Agreements by Silkflex Polymers Sdn. Bhd. or any material modification to the existing terms under such agreements adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The company depends on the success of its relationships with its customers. The company's top ten customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

  • The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in silkflex products, which in turn could adversely affect its business operations and its sales could be diminished if the company is associated with negative publicity.

  • The Company has made an application for conversion of agricultural land located in Village: Gothada, Taluka: Savli, District: Vadodra of Revenue Survey/ Block No.: 590 paiki2/paiki1 New Tenure, Gujarat, India (2999.99 Sq. mt.) and the same is under process. Any delay in getting approval from relevant government authorities will impact its business plans.

  • The company has certain outstanding litigation against its Promoter, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.

  • Inventories and trade receivables form a major part of its current assets. Failure to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.

  • The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.

How to check the allotment status of the Silkflex Polymers (India) Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Silkflex Polymers (India) Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Silkflex Polymers (India) Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Silkflex Polymers (India) Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number 022 - 6263 8200
E-mail ID ipo@bigshareonline.com
Website www.bigshareonline.com

Silkflex Polymers (India) Ltd IPO reservation

QIB shares offered

0 (0.0%)

NII (HNI) shares offered

16,52,000 (47.44%)

Retail shares offered

16,52,000 (47.44%)

Anchor investor shares offered

0 (0.0%)

Total shares offered

34,82,000

Total shares with anchor investor

34,82,000

Silkflex Polymers (India) Ltd IPO lead manager

  • Shreni Shares Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Silkflex Polymers (India) Ltd IPO?

The listing date for the Silkflex Polymers (India) Ltd IPO is 15 May 2024.

What is the issue size of Silkflex Polymers (India) Ltd IPO?

The issue size of the Silkflex Polymers (India) Ltd IPO is ₹18.11 cr.

What is the minimum lot size needed for Silkflex Polymers (India) Ltd IPO?

The minimum lot size for Silkflex Polymers (India) Ltd IPO is 2000

When does the Silkflex Polymers (India) Ltd open and close?

Silkflex Polymers (India) Ltd IPO is open from 07 May 2024 to 10 May 2024.

How can I apply for the Silkflex Polymers (India) Ltd IPO?

To apply for the Silkflex Polymers (India) Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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