Durlax Top Surface SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Durlax Top Surface IPO. Explore Durlax Top Surface IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Durlax Top Surface Limited, originally incorporated as Durlax Archtech Private Limited in 2010, is a leading manufacturer of solid surface materials in India. The company, which underwent several name changes and became a public limited company in 2023, is known for its high-quality solid surface products sold under the brands LUXOR® and ASPIRON®. With a manufacturing facility in Vapi equipped with advanced German and South Korean technologies, Durlax Top Surface Limited serves a broad market, including residential, commercial, hospitality, healthcare, and exterior applications, both domestically and internationally.
Key Points:
- Product Brands:
- LUXOR®: Offers Acrylic UV Solid Surfaces made from a mixture of mono methyl amine, PVC methyl amine, aluminium trihydrate powder, and other adhesives. Suitable for a wide range of indoor and outdoor applications.
- ASPIRON®: Offers Modified Solid Surfaces made from polyester resin, aluminium trihydrate powder, and other adhesives. Known for its versatility in design, allowing for carving, routing, molding, thermoforming, and inlaying.
- Manufacturing Facility:
- Located in Vapi, the facility is equipped with advanced machinery from Germany and South Korea.
- Produces a wide range of solid surfaces that meet the evolving demands of customers across various sectors.
- Market Presence:
- Extensive distribution network across India.
- Exports to countries including Dubai, Bahrain, Greece, and Nepal.
- Solid surfaces are used in residential, commercial, hospitality, healthcare, exterior, and diverse industries.
Objects of the Issue
- Part finance to meet the working capital requirements
- General Corporate Purposes
- To meet the offer expenses
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jun - 21 Jun 2024 |
| IPO Price Band | ₹ 65 - 68 per share |
| Fresh Issue | 42,00,000 shares (₹ 28.56 crore) |
| Offer For Sale | 18,00,000 shares (₹ 12.24 crore) |
| Total IPO Size | Approx ₹ 40.80 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jun 2024 |
| IPO Closing Date | 21 Jun 2024 |
| Basis Of Allotment | 24 Jun 2024 |
| Refunds | 25 Jun 2024 |
| Demat Transfer | 25 Jun 2024 |
| IPO Listing Date | 26 Jun 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 19.74 | 47.42 | 66.84 | 90.84 |
| Total Expenses | 19.66 | 46.64 | 64.69 | 85.63 |
| Net Profit/Loss | -0.26 | 0.48 | 2.09 | 5.05 |
| NPM (*) | -1.35 | 1.02 | 3.14 | 5.56 |
| Total Assets | 57.58 | 71.68 | 76.73 | 105.54 |
| Total Liabilities | 45.44 | 58.76 | 60.02 | 83.69 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -0.22 | 0.41 | 1.75 | 4.06 |
| ROE (%) | -2.15 | 3.96 | 14.13 | 26.20 |
| ROCE (%) | 6.73 | 12.35 | 16.13 | 20.20 |
| D/E Ratio | 3.09 | 3.04 | 2.21 | 2.78 |
| Current Ratio | 1.72 | 1.26 | 1.34 | 1.34 |
| EBITDA MARGIN (%) | 24.45 | 13.71 | 11.69 | 11.83 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Durlax Top Surface Limited | 90.76 | 16.75 | 4.06 | 23.12 | 17.58 |
| Kaka Industries Limited | 170.22 | 17.53 | 10.34 | 25.25 | 37.69 |
| Dhabriya Plywood Limited | 211.63 | 23.79 | 13.01 | 17.10 | 76.08 |
| Pokarna Limited | 37.97 | NA | -1.03 | -5.63 | 38.63 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 48.29 |
| Non-Institutional Investor (NII/HNI) | 415.06 |
| Retail Individual Investor (RII) | 193.95 |
| Total | 166.79 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- SHRAVAN SUTHAR
- LALIT SUTHAR
Lead Managers
- EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
Company Address
Durlax Top Surface Limited
301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle (East), Mumbai – 400 057, Maharashtra, India
Phone: +91-75067 99831
Email: cs@durlaxindia.com
Website: www.durlax.com
FAQs
- What is the issue size of the Durlax Top Surface SME IPO?The Durlax Top Surface SME IPO has an issue size of Approx ₹ 40.80 crore. This includes a fresh issue of 42,00,000 shares (₹ 28.56 crore) and an offer for sale (OFS) of 18,00,000 shares (₹ 12.24 crore).
- What is the price band of the Durlax Top Surface IPO?The price band for the Durlax Top Surface IPO is ₹ 65 - 68 per share.
- What are the bidding dates for the Durlax Top Surface IPO?The Durlax Top Surface IPO will open for bidding on 19 Jun 2024 and close on 21 Jun 2024.
- What is the allotment date for the Durlax Top Surface IPO?The allotment date for the Durlax Top Surface IPO is 24 Jun 2024.
- What is the listing date for the Durlax Top Surface IPO?The listing date for the Durlax Top Surface IPO is 26 Jun 2024.
- What is the Durlax Top Surface IPO grey market premium?The grey market premium (GMP) for the Durlax Top Surface IPO is currently at ₹64, with an expected listing gain of approximately 94.12%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.