What you must know about Silkflex Polymers IPO?
by 5paisa Research Team
03 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 15-May-24
- IPO Price Range ₹ 52
- Listing Price ₹ 60
- Listing Change 15.4%
- Last Traded Price ₹ 82.15
- Current Change 58.0%
Silkflex IPO Details
- Open Date 07-May-24
- Close Date 10-May-24
- Lot Size 2000
- IPO Size ₹ 18.11 Cr
- IPO Price Range ₹ 52
- Min Investment ₹ 1,04,000
- Listing Exchange NSE SME
- Basis of Allotment 13-May-24
- Refunds 14-May-24
- Credit to Demat Account 14-May-24
- Listing Date 15-May-24
Silkflex Polymers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-May-24 | - | 0.26 | 1.80 | 1.03 |
| 08-May-24 | - | 0.65 | 3.48 | 2.07 |
| 09-May-24 | - | 1.53 | 8.07 | 4.80 |
| 10-May-24 | - | 36.47 | 34.82 | 38.67 |
Silkflex IPO Synopsis
Last Updated: 10th May, 2024 by 5paisa
Silkflex Polymers Limited IPO is all set to open from 7th May to 10th May 2024. The company trades a Malaysian brand Silkflex’s textile printing inks and water-based wood coating polymer products. The IPO includes a fresh issue of 3,482,000 shares worth ₹18.11 cr. The share allotment date is 13th May 2024, and the IPO will be listed on 15th May 2024 on the stock exchanges. The price band is ₹52 and the lot size is 2000 shares.
Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Silkflex Polymers IPO:
Silkflex Polymers Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements to purchase Plant and Machinery.
● To acquire land.
● To fund the capital capital requirements.
● General Corporate Purposes.
Silkflex Polymers IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 18.11 |
| Offer for sale | - |
| Fresh issue | 18.11 |
Silkflex Polymers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹104,000 |
| Retail (Max) | 1 | 2,000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
Silkflex Polymers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Market Maker | 1 | 1,78,000 | 1,78,000 | 0.93 |
| NII | 36.47 | 16,52,000 | 6,02,56,000 | 313.33 |
| Retail Investors | 34.82 | 16,52,000 | 5,75,22,000 | 299.11 |
| Total | 38.67 | 33,04,000 | 12,77,54,000 | 664.32 |
Silkflex Polymers IPO Shareholding Pattern
| Shareholding Pattern | Pre issue % | Post issue % |
|---|---|---|
| Promoter & Promoter Group | 99.84 | 69.89 |
About Silkflex Polymers
Established in 2016, Silkflex Polymers trades a Malaysian brand Silkflex’s textile printing inks and water-based wood coating polymers products. It has received the right to sell products under the brand name Silkflex in India. The products are produced by Silkflex Polymers SDN BHD in Malaysia. Silkflex Malaysia exports products to different countries including India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia.
The company sells 108 textile printing ink products and 51 wood coating polymer products in India. These products are certified as ZDHC Confidence Level 3 (Zero Discharge of Hazardous Chemicals).
Peer Comparison
● BASF India Limited
● Heubach Colorants India Limited
● Berger Paints India Limited
For More Information:
Webstory on Silkflex Polymers IPO
Silkflex Polymers Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 34.21 | 27.82 | 20.75 |
| EBITDA | 2.59 | 1.86 | 1.46 |
| PAT | 0.79 | 0.79 | 0.45 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 23.74 | 19.68 | 13.14 |
| Share Capital | 2.50 | 2.50 | 2.05 |
| Total Borrowings | 15.58 | 12.30 | 8.00 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.012 | -4.28 | -0.17 |
| Net cash from / (used in) investing activities | -1.03 | -0.37 | -1.48 |
| Net cash flow from / (used in) financing activities | 1.01 | 4.64 | 1.65 |
| Net increase (decrease) in cash and cash equivalents | -0.0017 | -0.014 | -0.0008 |
Silkflex IPO Key Points
-
Strengths
1. The company’s products have certification of ZDHC Confidence Level 3.
2. It has a good product mix.
3. The company has a presence in various states of India.
4. It has strong client relationships.
5. It also has the efficiency of the marketing and sales network.
6. Experienced Promoters and management team.
-
Risks
1. Inventories and trade receivables form a major part of the current assets. Failure to manage can impact the business.
2. High working capital requirements.
3. Exposed to fluctuations in the prices of traded goods.
4. A major portion of sales from operations comes from certain geographical regions especially, West Bengal, Tamil Nadu, Punjab and Gujarat.
5. It has reported negative cash flows in the past.
Silkflex
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Silkflex IPO FAQs
When does Silkflex Polymers IPO open and close?
Silkflex Polymers IPO opens from 7th May to 10th May 2024.
What is the size of the Silkflex Polymers IPO?
The size of Silkflex Polymers IPO is ₹18.11 cr.
How to apply for the Silkflex Polymers IPO?
To apply for Silkflex Polymers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Silkflex Polymers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Silkflex Polymers IPO?
The price band of Silkflex Polymers IPO is fixed at ₹52 per share.
What is the minimum lot size and investment required for the Silkflex Polymers IPO?
The minimum lot size of Silkflex Polymers IPO is 2000 shares and the investment required is ₹1,04,000.
What is the allotment date of the Silkflex Polymers IPO?
The share allotment date of Silkflex Polymers IPO is 13th May 2024.
What is the Silkflex Polymers IPO listing date?
The Silkflex Polymers IPO will be listed on 15th May 2024.
Who are the book runners for the Silkflex Polymers IPO?
Shreni Shares Limited is the book-running lead manager for Silkflex Polymers IPO.
What is the objective of Silkflex Polymers IPO?
Silkflex Polymers plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements to purchase Plant and Machineries.
● To acquire land.
● To fund the capital capital requirements.
● General Corporate Purposes.
Contact Details of Silkflex Polymers IPO
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 Register
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
Shreni Shares Limited
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