Durlax Top Surface Limited IPO opens today. Check the GMP & other details
| Company Name | Durlax Top Surface Limited |
|---|---|
| Formerly Known As | Durlax Archtech Private Limited |
| Location | Vapi, Gujarat |
| Brands | LUXOR, ASPIRON |
| Products Offered | – LUXOR: Acrylic UV solid sheets |
| – ASPIRON: Modified solid sheets | |
| Properties | Seamless designs, antibacterial, fire-retardant |
| Industries Served | Residential, commercial, hospitality, healthcare, outdoor |
| Common Applications | Countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects |
Financials
| Financial Year | Assets (₹ Lakh) | Revenue (₹ Lakh) | Profit After Tax (₹ Lakh) |
|---|---|---|---|
| 31-Mar-23 | 7,782.04 | 6,684.20 | 262.59 |
| 31-Mar-22 | 7,205.30 | 4,741.81 | 80.66 |
| 31-Mar-21 | 5,757.66 | 1,974.00 | −82.51-82.51 |
Company Promoters
- Mr. Shravan Suthar
- Mr. Lalit Suthar
Issue Purpose
- Finance working capital requirements
- General corporate purposes
- To meet the IPO issue expenses.
IPO Details
This is an SME category IPO . Other details are :
| Date | Details |
|---|---|
| Open Date | 19 June, 2024 |
| Close Date | 21 June, 2024 |
| Allotment Date | 24 June, 2024 |
| Listing Date | 26 June, 2024 |
| Issue Price | ₹65-68 per equity share |
| Face Value | ₹10 per equity share |
| Market Lot | 2000 Shares (₹136,000/-) |
| Listing at | NSE SME |
| Registrar | Bigshare Services Pvt Ltd |
| Retail Portion | 35% |
| Issue Size | 6,000,000 shares (aggregating up to ₹40.80 Cr) |
Durlax Top Surface Ltd. GMP Today
The expected Grey Market Premium(GMP) today is Rs. 18-23 ( i.e. 26.47% of the issue price) .It is expected that investors can get a profit of 26.47% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
READ MORE: United Cotfab Limited IPO subscribed 107 times on the last day of bidding. Check the GMP here
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