Srigee DLM Limited IPO To Open On 05th May, Sets Price Band At Rs 94 to Rs 99 Per Share
Bengaluru (Karnataka) [India], May 6: Incorporated on December 20, 2005, as Srigee Enterprises Private Limited, the Company began with plastic mouldings for consumer durables in the year 2012. By 2013, the Company diversified its business into home appliance mouldings and boosted its capacity by adding advanced injection moulding machines. The company is poised for its initial public offering (IPO), with plans to raise INR 16.98 crores through the issuance of 17,14,800 fresh Equity shares.
For its SME Initial Public Offering (IPO), Srigee DLM Limited has set a price band of Rs. 94 to Rs. 99 per share. The company’s shares will open for subscription on Monday, May 05, 2025 and close on Wednesday, May 07, 2025. These will be listed on the BSE SME, with a projected listing date of Monday, May 12, 2025.
GYR Capital Advisors Private Limited is the book-running lead manager of the Srigee DLM IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Srigee DLM IPO is Globalworth Securities Limited.
The issue proceeds will be utilized to meet out capital expenditure to set up a manufacturing facility in Greater Noida, acquisition of machineries to be installed at proposed manufacturing facility and general corporate purposes.
On Thursday, May 08, 2025, the shares for the Srigee DLM IPO are anticipated to be allotted, and on Friday, May 09, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.
Retail investors need to contribute a minimum of Rs 1,18,800, considering the minimum lot size for an application is 1200 shares. For HNIs, the minimum bidding size is two lots, or 2400 shares, for a total investment of Rs 2,37,600 at the upper price band.
Srigee DLM Limited’s revenue was Rs 54.34 crore on 31st Dec 2024 and profit after tax (PAT) was Rs 3.77 crore. The market capitalization of Srigee DLM IPO is Rs 59.14 Cr.
Srigee DLM Limited is engaged in design-led manufacturing and assembly services, specializing in plastic injection moulding, tool room & die manufacturing, mobile phone sub-assembly, and polymer compounding & trading.
The company caters to industries like consumer durables, home appliances, automotive components, and electronics by delivering high-quality, cost-efficient, and reliable manufacturing solutions to leading OEMs.
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