Silkflex Polymers (INDIA) Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹52 - ₹52
- Lot size
- 2,000 shares
- Issue amount
- ₹18.11 cr
- Total subscription
- 35.7×
- Opens
- 7 May 2024
- Closes
- 10 May 2024
- Allotment
- 13 May 2024
- Listing
- 15 May 2024
Offer at a glance
Issue overview
- Issue size
- 34,82,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,04,000
- Fresh issue
- ₹18.11 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,04,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 81,25,000
- Shares after issue
- 1,16,07,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,04,000 |
| HNI | 2 | 4,000 | ₹2,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 8.59 | 299.11 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.16 | 0.97 | 0.85 |
| ROE | 23.91 | 10.11 | 10.96 |
| ROCE | 0 | 0 | 0 |
| RONW | 23.91 | 9.62 | 9.29 |
| PRE IPO(PE) | 3.94 | 0 | 0 |
| POST IPO(PE) | 53.76 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2016, Silkflex Polymers (India) Limited is a top manufacturer of garment printing inks, producing 1,000 MT per month. What sets the company apart is its in-house ink formulation, from polymer and resin synthesis to the final product. This integrated approach allows for precise customization, ensuring high performance. Silkflex Polymers is a trusted supplier for global brands like PUMA, C&A, and H&M, with a growing presence in European markets such as Portugal, Turkey, and Spain. Beyond garment printing inks, Silkflex Polymers Sdn. Bhd. leads in eco-friendly wood coatings with Silkflex Wood Coating—a water-based, low-VOC alternative to traditional solvent-based lacquers. Recognized by top furniture brands and prestigious establishments worldwide, it represents sustainable innovation in wood finishes. With a dedicated team of 28 employees (as of December 2023), Silkflex Polymers continues to drive quality, innovation, and eco-conscious solutions in the industry.
Strengths
- Wide Product Range: Silkflex Polymers (India) Limited offers a variety of innovative products, including garment printing inks and eco-friendly wood coatings . These solutions cater to industries like apparel and furniture , ensuring high-quality and sustainable options.
- Strategic Location: Based in India , the company benefits from a prime geographical position , allowing for efficient distribution and timely deliveries to clients across the globe.
- Strong Client Partnerships: Known for its quality products and exceptional service , Silkflex Polymers has built long-lasting relationships with leading apparel and furniture brands , earning their trust and continued support.
Risk factors
- Dependence on Working Capital: Silkflex Polymers relies on sufficient working capital for daily operations. Any challenges in securing funds on favorable terms could disrupt business activities, affecting profitability and growth .
- Price Volatility Risks: The company’s trading activities are exposed to market fluctuations, which can impact revenues, profit margins, and overall financial performance .
- Legal Challenges: Ongoing litigation risks could negatively impact business operations, damage the company’s reputation, and lead to financial losses if legal outcomes are unfavorable.
Promoters
Mr Tushar Lalit Kumar Sanghavi
Ms Urmi Raj Mehta
M/s. Tushar Lalitkumar Sanghavi HUF
M/s. Lalitbhai H Sanghvi HUF
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302
+91 9674912615
[email protected]Company website ↗Understanding SILKFLEX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.