Srigee DLM Limited is concluding its Initial Public Offering (IPO), marking a significant milestone for the company. Here’s an in depth look at the Srigee DLM IPO details, company background, and what this means for potential investors.
Srigee DLM Company Overview
Incorporated in 2005, Srigee DLM provides end-to-end plastic manufacturing solutions with a focus on design-driven production for improved functionality and manufacturability. It serves both OEM and ODM clients, offering services like material selection, extrusion, mold making, injection moulding, polymer compounding, and final assembly. Products cater to home appliances, electronics, and the automotive sectors. Key offerings include air coolers, inverter components, TV cases, switches, MCB covers, battery chargers, plugs, emergency lights, and various automotive plastic parts. Clients include Indian companies and multinational corporations in the home appliances, mobile, and automotive industries.
Srigee DLM IPO Details
Srigee DLM IPO is a bookbuilding IPO of Rs 16.98 crores. The issue is a complete fresh issue of Rs 16.98 crores. GYR Capital Advisors Private Limited is the book running lead manger of the Srigee DLM IPO, Bigshare Services Private Limited is the Registrar for the issue. Market Maker for Srigee DLM IPO is Globalworth Securities Limited.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 94 – 99 per share |
| Lot Size | 1200 shares per lot |
| Issue Size | Rs 16.98 crore |
| Fresh Issue | Rs 16.98 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | BSE SME |
| Market Capitalization | Rs 59.14 cr |
| Book Running Lead Managers | GYR Capital Advisors Private Limited |
| Registrar | Bigshare Services Private Limited |
| Market Maker | Globalworth Securities Limited |
Srigee DLM IPO Timeline
Srigee DLM IPO opens on 5th May 2025 and Closes on 7th May 2025. Find Srigee DLM Limited IPO tentative dates below.
| IPO Open Date | 05-May-2025 (Monday) |
| IPO Close Date | 07-May-2025 (Wednesday) |
| Allotment | 08-May-2025 (Thursday) |
| Initiation of Refunds | 09-May-2025 (Friday) |
| Demat Credit of Shares | 09-May-2025 (Friday) |
| Listing Date | 12-May-2025 (Monday) |
| Cut off time for UPI mandate confirmation | 07-May-2025 at 5PM |
Srigee DLM IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1200 | Rs 1,18,800 |
| Retail (Maximum) | 1 | 1200 | Rs 1,18,800 |
| HNI (Minimum) | 2 | 2400 | Rs 2,37,600 |
Srigee DLM IPO Objectives
The proceeds from the Srigee DLM IPO are intended to be utilised for the following purposes:
- Setting up a manufacturing facility: Rs 5.43 crore (approximately 31.98%)
- Acquisition of Machinery: Rs 9.51 crore (approximately 56%)
- General Corporate Purposes: Rs 2.04 crore (approximately 12.02%)
Srigee DLM Financial Performance
Find Srigee DLM Limited last 3 years financial details below.
| FINANCIALS | 31-Dec-24 (Crs) | 31-Mar-24 (Crs) | 31-Mar-23 (Crs) |
| REVENUE | 54.47 | 54.65 | 47.25 |
| ASSETS | 32.02 | 24.99 | 19.89 |
| NET WORTH | 18.46 | 14.68 | 10.6 |
| TOTAL DEBT | 2.83 | 2.27 | 2.51 |
| PAT | 3.77 | 3.1 | 2.81 |
Srigee DLM Limited Strengths and Risks
Strengths:
- Strong relationships with renowned, long-term, and global customer base
- Experienced promoter and leadership team with strategic business expertise
- End-to-end solutions with integrated design and development capabilities
- Flexible and cost-effective manufacturing, ensuring high operational efficiency
- Proven track record of growth and solid financial performance
Risks:
- Ongoing litigations may affect reputation, business, and financial status.
- Business heavily reliant on a few key customers’ orders.
- Delays or defaults in customer payments may impact cashflow.
- Failure to implement growth strategy may affect performance.
- No NOC from lenders may breach loan agreement terms.
- Operating with hazardous materials poses safety and liability risks.
- Manufacturing disruptions may impact operations and financial results.
Srigee DLM Grey Market Premium (GMP)
Grey market premium for Srigee DLM shares was reported at Rs 30, suggesting a potential listing price of Rs 129 per share. This represents a 30.3% premium over the upper end of the IPO price band.
Srigee DLM IPO Review: Apply
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.