Durlax Top Surface IPO opens on June 19, 2024. Durlax Top Surface IPO is a book built issue of Rs 40.80 crores.
Durlax Top Surface IPO: The Durlax Top Surface IPO is subscribed 5.99 times on June 19, 2024. Durlax Top Surface Limited’s revenue increased by 35.9% and profit after tax (PAT) rose by 141.15% between the financial year ending with March 31, 2024 and March 31, 2023.
About Durlax Top Surface IPO
Durlax Top Surface Limited Established in 2010, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India.
The company’s manufacturing facility is located in Vapi, Gujarat. As of September 25, 2023, the company employed 70 people.
Durlax Top Surface IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 65 to Rs 68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to Rs 40.80 Cr) |
| Fresh Issue | 4,200,000 shares (aggregating up to Rs 28.56 Cr) |
| Offer for Sale | 1,800,000 shares of Rs 10 (aggregating up to Rs 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 |
| Market Maker Portion | 300,000 shares Globalworth Securities |
Durlax Top Surface IPO Price
The IPO price has fixed at Rs 65 to Rs 68 per share.
Durlax Top Surface IPO Subscription Status
Durlax Top Surface IPO opens for subscription on Wednesday, June 19, 2024 and closes on Friday, June 21, 2024.
Durlax Top Surface IPO GMP
The IPO last GMP is Rs 40, last updated Jun 19th 2024 08:25 PM. With the price band of 68.00, Durlax Top Surface IPO’s estimated listing price is Rs 108.
Durlax Top Surface IPO Allotment Status
The Durlax Top Surface IPO is expected to be finalized on Monday, June 24, 2024.
Durlax Top Surface IPO Lot Size
The minimum lot size for the IPO is 2000 Shares. The minimum amount of investment required by retail investors is Rs 136,000.
Durlax Top Surface IPO Listing Date
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
Durlax Top Surface IPO Promoter Holding
The promoters of the Durlax Top Surface IPO company are Mr. Shravan Suthar and Mr. Lalit Suthar.
Durlax Top Surface IPO Review
Dilip Davda: The company is in the manufacturing of solid surface materials. It marked steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears greedily priced. Well-informed investors may park moderate funds for the medium term.
• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.
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