Srigee DLM Limited is set to offer an IPO amounting to ₹16.97 Crores, consisting entirely of a Fresh Issue of 17.14 Lakh shares. The company is a significant player in the plastic manufacturing industry, offering services like material selection, extrusion, mould making, precision injection moulding, and final assembly. Catering to both OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) clients, Srigee DLM focuses on end-to-end plastic manufacturing solutions with an emphasis on design-driven production for enhanced functionality and manufacturability.

The Srigee DLM IPO opens for subscription on May 5, 2025, and closes on May 7, 2025, with the allotment date expected to be finalized on May 8, 2025. Shares will be listed on the BSE SME (Small and Medium Enterprises) segment, with the tentative listing date set for May 12, 2025.

The Share Price Band for the IPO is set between ₹94 and ₹99 per equity share. With a Market Capitalization of ₹59.13 Crores at the upper price band of ₹99, the IPO's lot size is 1,200 shares. Retail investors are required to invest a minimum of ₹1,18,800, while High-Net-Worth Individuals (HNIs) need to invest in a minimum of two lots (2,400 shares), amounting to ₹2,37,600.

Book Running Lead Manager: GYR Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited
Market Maker: Globalworth Securities Limited

Srigee DLM Limited IPO: Grey Market Premium (GMP) Today

As of now, the Grey Market Premium (GMP) for Srigee DLM Limited IPO stands at ₹17, indicating a 17.17% premium over the issue price. However, it is important to note that the GMP is based on unorganized market conditions and serves only for educational and informational purposes. No real price discovery occurs in the grey market, making it a risky basis for decision-making.

The Grey Market Premium reflects potential listing gains and is subject to fluctuations based on demand and supply dynamics of the unlisted shares in the grey market.

Srigee DLM IPO Subscription Status & Updates

As of May 7, 2025, 7:00 PM, Srigee DLM IPO has been subscribed a whopping 456.80 times on the final day of the subscription period. The high demand highlights investor interest in the IPO, especially given the strong financials of the company. You can check the live subscription status at the BSE website.

Srigee DLM IPO Allotment Date and Status

The allotment of shares for Srigee DLM IPO is expected to be finalized on May 8, 2025. Investors can check their allotment status online by visiting the registrar's website. To check, follow these steps:

1. Visit the IPO allotment status page.

2. Select Srigee DLM Limited IPO from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of Srigee DLM IPO

The proceeds from this IPO will be used for various purposes, primarily focusing on expanding Srigee DLM's production capacity and business growth:

1. Capital Expenditure: ₹542.78 Lakh will be used to set up a new manufacturing facility in Greater Noida, Uttar Pradesh.

2. Machinery Acquisition: ₹951.00 Lakh will be utilized for purchasing machinery to enhance the production capabilities of the new facility.

3. General Corporate Purposes and Issue Expenses.

Srigee DLM IPO Review

Srigee DLM has shown consistent growth in revenue and profit over the past few years. The company’s Revenues from operations were ₹5,446.88 Lakh in FY24, showing a steady increase from ₹3,303.91 Lakh in FY22. The EBITDA has also improved from ₹230.34 Lakh in FY22 to ₹567.19 Lakh in FY24. The company reported a Profit After Tax (PAT) of ₹377.21 Lakh in FY24, up from ₹113.45 Lakh in FY22.

The company’s key financial ratios indicate a pre-issue EPS of ₹7.53 and a post-issue EPS of ₹5.18. The pre-issue P/E ratio stands at 13.15x, while the post-issue P/E ratio rises to 19.11x, which is significantly lower than the industry P/E ratio of 113x. The ROCE (Return on Capital Employed) for FY24 is 25.80%, while the ROE (Return on Equity) stands at 24.49%.

These metrics suggest that the IPO is fairly priced compared to industry standards, and the growth trajectory of Srigee DLM presents a promising investment opportunity.

However, given the company’s relatively smaller size and market volatility, we recommend risky investors to apply for the Srigee DLM IPO primarily for potential listing gains.

The Upcoming IPOs in this week and coming weeks are Integrity Belrise Industries,Infrabuild Developers, Virtual Galaxy Infotech, Accretion Pharmaceuticals, Wagons Learning.

The Closed IPOs are Srigee DLM, Manoj Jewellers.

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