Silkflex Polymers (India) SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Silkflex Polymers (India) IPO. Explore Silkflex Polymers (India) IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Silkflex Polymers (India) Limited is a company engaged in the trading of textile printing inks and water-based wood coating polymers. They exclusively distribute products of the Malaysian brand "Silkflex," which is renowned for its quality and adherence to international standards. Initially founded in 2016 by Late Lalit Kumar Hargovinddas Sanghavi and Mr. Tushar Lalit Kumar Sanghavi, the company continues its operations under the leadership of Mr. Tushar Lalit Kumar Sanghavi and his daughter Ms. Urmi Raj Mehta. They boast a significant partnership with Silkflex Malaysia, enabling them to distribute products across India.
Key Points:
- Product Range: Silkflex Polymers (India) Limited offers a diverse range of products, including 108 textile printing ink products and 51 wood coating polymers products.
- Partnership with Silkflex Malaysia: The company has a longstanding association with Silkflex Malaysia, dating back to 2016. They hold exclusive rights to distribute Silkflex products in India and utilize the Silkflex brand name.
- Expansion Plans: The company is in the process of setting up a manufacturing unit in India, following a Technology Transfer Agreement with Silkflex Malaysia. This move aims to enhance production capabilities and meet the growing demand for Silkflex products in the region.
Objects of the Issue
- Acquisition of land
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries
- Funding Working Capital Requirements of the Company
- General corporate purposes
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 | 07 May - 10 May 2024 |
| IPO Price Band | ₹ 52 per share |
| Fresh Issue | Upto 34,82,000 Shares ( ₹ 18.11 crore) |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 18.11 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 | 07 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Basis Of Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Demat Transfer | 14 May 2024 |
| IPO Listing Date | 15 May 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 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 20.96 | 28.05 | 34.42 | 33.82 |
| Total Expenses | 20.35 | 27.12 | 33.34 | 30.36 |
| Net Profit/Loss | 0.45 | 0.69 | 0.79 | 2.57 |
| NPM (*) | 2.19 | 2.47 | 2.30 | 7.67 |
| Total Assets | 13.14 | 19.69 | 23.75 | 34.46 |
| Total Liabilities | 8.00 | 12.31 | 15.58 | 23.73 |
* 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 | Dec 2023 |
|---|---|---|---|---|
| EPS | 0.68 | 0.85 | 0.97 | 0.97 |
| ROE (%) | 11.52 | 10.96 | 10.11 | 23.91 |
| ROCE (%) | 27.49 | 22.42 | 26.93 | 41.04 |
| D/E Ratio | 1.19 | 1.35 | 1.48 | 1.60 |
| Current Ratio | 2.31 | 1.46 | 1.36 | 1.07 |
| EBITDA MARGIN (%) | 7.06 | 6.69 | 7.59 | 15.32 |
* 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 |
|---|---|---|---|---|---|
| Silkflex Polymers (India) Limited | 34.21 | 53.76 | 0.97 | 9.62 | 10.05 |
| BASF India Limited | 13,644.77 | 40.12 | 93.10 | 14.92 | 623.97 |
| Heubach Colorants India Limited | 766.42 | 48.88 | 8.31 | 4.44 | 187.34 |
| Berger Paints India Limited | 9,470.62 | 57.44 | 8.86 | 20.67 | 42.86 |
* 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) | 0 |
| Non-Institutional Investor (NII/HNI) | 36.59 |
| Retail Individual Investor (RII) | 35.97 |
| Total | 39.3 |
* 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
- MR. TUSHAR LALIT KUMAR SANGHAVI
- MS. URMI RAJ MEHTA
- M/S. TUSHAR LALITKUMAR SANGHAVI HUF
- M/S. LALITBHAI H SANGHVI HUF
Lead Managers
- SHRENI SHARES LIMITED
Company Address
Silkflex Polymers (India) Limited
Daga Complex, Sulati Jaladhulagori, Sankrail, Howrah-711302, West Bengal, India.
Phone: +91 9674912615
Email: investors@silkflexindia.in
Website: www.silkflexindia.in
FAQs
- What is the issue size of the Silkflex Polymers (India) SME IPO?The Silkflex Polymers (India) SME IPO has an issue size of ₹ 18.11 crore. This includes a fresh issue of Upto 34,82,000 Shares ( ₹ 18.11 crore) and an offer for sale (OFS) of NIL.
- What is the price band of the Silkflex Polymers (India) IPO?The price band for the Silkflex Polymers (India) IPO is ₹ 52 per share.
- What are the bidding dates for the Silkflex Polymers (India) IPO?The Silkflex Polymers (India) IPO will open for bidding on 07 May 2024 and close on 10 May 2024.
- What is the allotment date for the Silkflex Polymers (India) IPO?The allotment date for the Silkflex Polymers (India) IPO is 13 May 2024.
- What is the listing date for the Silkflex Polymers (India) IPO?The listing date for the Silkflex Polymers (India) IPO is 15 May 2024.
- What is the Silkflex Polymers (India) IPO grey market premium?The grey market premium (GMP) for the Silkflex Polymers (India) IPO is currently at ₹15, with an expected listing gain of approximately 28.85%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.