DURLAX TOP SURFACE Limited IPO GMP

DURLAX TOP SURFACE LIMITED has been involved in Solid Surface Business for more than 10 Years with its two Established Popular Brands LUXOR (ACRYLIC UV SOLID SURFACE) & ASPIRON (MODIFIED SOLID SURFACE) with Excellent Satisfaction Rating with our end customer & Channel Partners.

DURLAX TOP SURFACE IPO, a Book Built issue amounting to ₹40.08 crores, consists of a fresh issue of 42 Lakhs shares aggregating to ₹28.56 crores and an offer for sale of 18 Lakhs shares totaling ₹12.24 crores. The subscription period for the IPO opens on June 19, 2024, and closes on June 21, 2024. The allotment is expected to be finalized on or about Monday, June 24, 2024, with a tentative listing date on the NSE SME scheduled on or about Wednesday, June 26, 2024.

The price band of Durlax Surface IPO is set at ₹65 to ₹68 per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹136,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4000 shares), amounting to ₹272,000.

EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar. Globalworth Securities Limited is also the market maker for the Durlax Surface IPO.

Grey Market Premium (GMP) of Durlax Top Surface Limited

The Grey Market Premium is expected in the range of Rs 15 to Rs. 18 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Objectives of GP Eco Solutions India Limited

Durlax Top Surface intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. Part finance the working capital requirements 
2. General corporate purposes 
3. To meet the offer expenses

Refer to Durlax Top Surface Limited RHP for more details about the Company.