Srigee DLM was incorporated on December 20, 2005. The company provides end-to-end plastic manufacturing for OEM and ODM clients, covering design, moulding, die making, compounding, and assembly. It operates across four segments and serves Indian and global clients in home appliances, mobile, and automotive industries
| Bidding Dates |
|---|
| 05 May 2025 - 07 May 2025 |
| Subscription |
|---|
| 456.8x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,800 | 1 | 1 | 1200 | 1.7 M | ₹94 - ₹99 | 71.29 % | ₹161.2 M - ₹169.8 M | RHP DOC |
Srigee DLM IPO SUBSCRIPTION STATUS
07 May '25Srigee DLM IPO overall subscription rate was 456.8 times the total available shares
Srigee DLM IPO retail subscription rate was 324.05 times in the retail segment
Srigee DLM IPO non-institutional investor subscription rate was 2046.68 times in the non-institutional investor category
Srigee DLM IPO Qualified Institutional Bidder subscription rate was 72.76 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
07 May 2025 (Day 3) | 324.05x | 2046.68x | 72.76x |
06 May 2025 (Day 2) | 86.53x | 149.72x | 0.76x |
05 May 2025 (Day 1) | 20.95x | 33.94x | 0.76x |
Srigee DLM FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 37.7 | 543.4 | 19.3 | -6.9 | 10.4% |
| FY24 | 31.0 | 544.3 | 15.3 | 4.7 | 9.0% |
| FY23 | 28.1 | 471.4 | 17.6 | 16.8 | 9.9% |
| FY22 | 11.3 | 330.1 | -5.8 | -8.3 | 6.8% |
Srigee DLM IPO SUBSCRIPTION STATUS DETAILS
Srigee DLM had 1.7 M shares on offer
Srigee DLM IPO offer price was in the range ₹94 - ₹99
Srigee DLM IPO minimum Investment was ₹112800
Srigee DLM IPO issue size was ₹ 161.2 M - ₹ 169.8 M
Srigee DLM had a minimum lot size of 1200 Shares per application
Srigee DLM NUMBER OF SHARES ON OFFER
Srigee DLM IPO IMPORTANT DATES
| Issue Open Date | 05 May 2025 |
| Issue close Date | 07 May 2025 |
| Allotment Date | 08 May 2025 |
| Refund Date | 09 May 2025 |
| Demat Account Credit Date | 09 May 2025 |
| Listing Date | 12 May 2025 |
| Listing on Exchange(s) | BSE |
| Srigee DLM Allotment Status | Exchange/ Registrar |
Srigee DLM IPO subscription opened on 05 May 2025, and closed on 07 May 2025
IPO allotment for Srigee DLM was finalized on Thursday, 08 May 2025
IPO listing for Srigee DLM was on BSE on Monday, 12 May 2025
Srigee DLM IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 188.1 |
| Listing Close Price | 197.5 |
| Listing Gain% | 90.0% |
| Current Gain% | -23.5% |
Srigee DLM Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Srigee DLM Ltd. | 75.7 | 45.2 | 6.6 | 0.2 | 0.6 | 16.4 | 10.9 | 75.8 | 6.1 | 6.9 | 37.2 | 11.5 | 37.2 |
| Supreme Industries Ltd. | 3432 | 43595.6 | 42.2 | 2.6 | 3.8 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1427.9 | 38360.6 | 71.5 | 29.3 | 5.8 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3470.1 | 15946 | 90.2 | 1.8 | 15.6 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Time Technoplast Ltd. | 205.6 | 10151.6 | 20.7 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
| Finolex Industries Ltd. | 162 | 10051.1 | 16.3 | 0.3 | 2.5 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
Srigee DLM INFORMATION ON IPO ISSUE
About Srigee DLM
Srigee DLM was incorporated on December 20, 2005. The company provides end-to-end plastic manufacturing for OEM and ODM clients, covering design, moulding, die making, compounding, and assembly. It operates across four segments and serves Indian and global clients in home appliances, mobile, and automotive industries
Object of the Issue
- To meet capital expenditure requirements
- To meet general corporate purposes
- Issue expenses
Srigee DLM - PROMOTERS
| Name |
|---|
| Shashi Kant Singh |
| Suchitra Singh |
Srigee DLM Book Running Lead Manager
Gyr Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Srigee DLM Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Srigee DLM Strengths
Strong customer relationships
The company has built long-term relationships with reputed, strategic clients across various product segments. These partnerships have helped it improve its product offerings and anticipate market demand more effectively. Its focus on quality and timely delivery, even under tight schedules, has earned customer appreciation
Integrated product solutions
The company provides end-to-end solutions by combining design, manufacturing, and service infrastructure under one roof. Its focus on plastic injection molding has sharpened its technological expertise and helped it diversify its customer base
Efficient manufacturing capability
The company offers flexible and cost-effective manufacturing supported by scalable operations, multifunctional training, and standardized equipment. It leverages in-house tool rooms, timely raw material sourcing, and skilled manpower to optimize cost, time, and quality. Strong control over the production process, robust engineering, and pre-manufacturing quality checks help minimize defects
Srigee DLM Risks
Customer concentration risk
The company derives a major share of its revenue from a few key customers, with the top 10 clients contributing over 87% to 94% of revenue in recent periods. Losing any of these customers or facing reduced orders could severely affect the company’s financial performance
Supplier dependency risk
The company relies on a limited number of suppliers, with the top 10 accounting for 38.66% to 47.82% of revenue in recent periods. Any disruption or loss of these suppliers could significantly impact product availability, affecting stock purchases and overall revenue
Leased facility
The company operates all its manufacturing units on leased premises, with three under long-term government leases and one on a short-term lease. While the long-term leases offer some stability, changes in government policies or land-use regulations could disrupt operations
IPO FAQs
The promoters of the company are Shashi Kant Singh and Suchitra Singh.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 94.0 - 99.0.
The IPO application opens on May 05, 2025 and closes on May 07, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 112,800.0, the maximum value for this IPO is Rs 118,800.0.
This IPO will be allotted on May 08, 2025.
The refund will be credited to your account on May 09, 2025.
The allotted shares will be credited to your demat on May 09, 2025.
Srigee DLM Ltd.’s shares listed on the stock exchanges on May 12, 2025.