Durlax Top Surface IPO Details ( Durlax Top Surface Limited IPO Review )
(19 June 2024 – 21 June 2024)
Founded in 2010, Durlax Top Surface Limited, previously known as Durlax Archtech Private Limited, is a leading manufacturer of solid surface materials in India.
Durlax Top Surface Limited operates two key brands: LUXOR and ASPIRON. LUXOR specializes in acrylic UV solid sheets, while ASPIRON offers modified solid sheets. Both brands provide seamless, antibacterial, and fire-retardant solid sheets, ensuring a high-quality range for various applications. Their products are widely used in residential, commercial, hospitality, healthcare, and outdoor settings, offering stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, and more.
The company’s manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, Durlax Top Surface Limited employed 70 people.
Durlax Top Surface Limited IPO Competitive Strength
- Focusing on multiple end-user industries
- Wide and diverse range of product offerings
- Experienced promoters and management team with industry knowledge and an established track record
- Diversified distribution network across India catering to customers
Durlax Top Surface IPO Financials Performance ( Results )
Durlax Top Surface Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 7,168.11 | 4,741.81 | 48.42 | 1,292.27 | 1,277.29 | 3,929.82 |
| 31-Mar-23 | 7,673.02 | 6,684.20 | 209.44 | 1,671.21 | 431.14 | 3,690.93 |
| 31-Mar-24 | 10,553.50 | 9,083.93 | 505.07 | 2,184.38 | 941.61 | 6,070.71 |
Objective of Durlax Top Surface IPO Issue
- Part finance the working capital requirements;
- General corporate purposes; and
- To meet the offer expenses.
Durlax Top Surface IPO Basic Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹65 to ₹68 per share |
| Lot Size | 2000 shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹40.80 Cr) |
| Fresh Issue | 4,200,000 shares of ₹10 (aggregating up to ₹28.56 Cr) |
| Offer for Sale | 1,800,000 shares of ₹10 (aggregating up to ₹12.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,427,701 |
| Share holding post issue | 16,627,701 |
| Company Promoters | Mr. Shravan Suthar and Mr. Lalit Suthar |
Durlax Top Surface IPO Reservation
| Anchor Investor Shares Offered | 9.87% of the Net Issue |
| Market Maker Shares Offered | 5.00% of the Net Issue |
| QIB Shares Offered | 37.53% of the Net Issue |
| NII (HNI) Shares Offered | 14.27% of the Net Issue |
| Retail Shares Offered | 33.33% of the Net Issue |
| Total Shares Offered | 100% of the Net Issue |
Durlax IPO Timetable
Durlax IPO will open on June 19, 2024 and close on June 21, 2024. You can join Durlax IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 June 2024 (Wednesday) |
| Closing Date | 21 June 2024 (Friday) |
| Basis of Allotment | 24 June 2024 (Monday) |
| Initiation of Refunds | 25 June 2024 (Tuesday) |
| Credit of Shares to Demat | 25 June 2024 (Tuesday) |
| Listing Date | 26 June 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 21 June 2024 |
Durlax Top Surface IPO Lot Size
For retail investors in Durlax Top Surface IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹136,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| S-HNI (Min) | 2 | 4000 | ₹272,000 |
Durlax Top Surface IPO Promoter Holding
The company’s promoters include Mr. Shravan Suthar and Mr. Lalit Suthar.
| Pre Issue Share Holding | 95.44% |
| Post Issue Share Holding | 60.35% |
Durlax Top Surface Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 113.07 |
| Earning Per Share (EPS) | ₹4.06 per Equity Share |
| Net Asset Value (NAV) | ₹17.58 per Equity Share |
| P/E Ratio (P/E) (x) | 16.73 |
| Post P/E Ratio (P/E) (x) | 22.39 |
| Return on Net Worth (RoNW) (%) | 23.12 |
| Return on equity (ROE) (%) | 26.20 |
| Return on Capital Employed (ROCE) (%) | 20.20 |
| Price/Book Value Ratio | 3.87 |
Durlax Top Surface IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹58 | – | – |
| 21 June 2024 | ₹58 | – | – |
Durlax Top Surface IPO Detail Video:
link
Durlax Top Surface IPO Subscription Status (Bidding Detail)
The Durlax Top Surface IPO on June 21, 2024 at 6:19:55 PM was subscribed 166.79 times, with the retail category being subscribed 193.95 times, the NII (Non-Institutional Investor) category being subscribed 415.06 times, QIB (Qualified-Institutional Buyers) category being subscribed 48.29 times.
| Category | Subscription |
| QIB | 48.29x |
| NII | 415.06x |
| Retail | 193.95x |
| Total | 166.79x |
Durlax Top Surface IPO Prospectus
| Durlax Top Surface IPO DRHP | Download |
| Durlax Top Surface IPO RHP | Download |
| Durlax Top Surface IPO Anchor Investors Details PDF | Download |
Durlax Top Surface IPO Rating
| Our Rating | 4.0/5.0 |
Durlax Top Surface Company Contact Information
Durlax Top Surface Limited
Registered office: 301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle (East), Mumbai – 400057, Maharashtra, India.
Tel: +91-75067 99831
E-mail: cs@durlaxindia.com
Website: www.durlax.com
Contact Person: Komal Birla, Company Secretary and Compliance Officer
Promoters of the Company: Shravan Suthar and Lalit Suthar
Durlax Top Surface IPO Registrar
Bigshare Services Private Limited
Registered office: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093, Maharashtra, India
Telephone: 022-6263 8200
Facsimile: 022-6263 8299
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Mr. Vinayak Morble
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385
CIN: U99999MH1994PTC076534
Durlax Top Surface IPO Lead Manager
Expert Global Consultants Private Limited
Registered office: 1511, RG Trade Tower Netaji Subhash Place, Pitampura, New Delhi – 110034, India
Telephone: +91 11 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Investor Grievance Email: compliance@expertglobal.in
Contact Person: Mr. Gaurav Jain
SEBI registration number: INM000012874
CIN: U74110DL2010PTC205995
Durlax Top Surface IPO FAQs
What is the lot size of Durlax Top Surface IPO?
The total size of Durlax Top Surface IPO is ₹40.80 crores out of which ₹28.56 crores is fresh issue and ₹12.24 crores is offer for sale (OFS).
When will Durlax Top Surface IPO start?
Durlax Top Surface IPO will open from 19 June 2024 and IPO will close on 21 June 2024.
What is the open date of Durlax Top Surface IPO?
Durlax Top Surface IPO will open date from 19 June 2024.
What is the last date ( close date ) of Durlax Top Surface IPO?
Durlax Top Surface IPO will close from 21 June 2024.
What is the price band of Durlax Top Surface IPO?
Durlax Top Surface IPO price band is ₹65 to ₹68. ( Upper Price Band: ₹68, Lower Price Band: ₹65 )
What is the minimum amount required to apply for Durlax Top Surface IPO?
The minimum investment for retailers to apply for Durlax Top Surface IPO is ₹136,000 and the maximum investment is ₹136,000.
What is going on gray market premium of Durlax Top Surface IPO?
View gray market premium of Durlax Top Surface IPO by Clicking Here
How much is the GMP of Durlax Top Surface IPO?
Watch Durlax Top Surface IPO GMP Today: Click Here
What is the allotment date of Durlax Top Surface IPO?
The allotment date of Durlax Top Surface IPO is 24 June 2024.
How to check allotment status in Durlax Top Surface IPO?
To check the allotment status of Durlax Top Surface IPO, first of all go to the registrar website by clicking here, select your bad Durlax Top Surface IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Durlax Top Surface IPO?
The listing date of Durlax Top Surface IPO is 26 June 2024.
How much will be the listing gain in Durlax Top Surface IPO?
View listing gain of Durlax Top Surface IPO by Clicking Here
How much time Durlax Top Surface IPO is subscribed?
Total 166.79 times subscribed in Durlax Top Surface IPO out of which 193.95 times subscription was done in retail quota, 415.06 times subscription in NII quota and 48.29 times subscription in QIB quota.
How to apply for Durlax Top Surface IPO from Upstox?
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How to apply for Durlax Top Surface IPO from Zerodha?
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How to apply for Durlax Top Surface IPO from Angle One?
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