The initial public offer (IPO) of Srigee DLM received bids for 1,57,51,200 shares as against 12,30,000 shares on offer, as per BSE data as of 17:00 hours on Monday (05 May 2025). The issue was subscribed 12.80 times.
The issue opened for bidding on Monday (05 May 2025) and it will close on Wednesday (07 May 2025). The price of the IPO is fixed between Rs 94 to 99 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 12,30 000 equity shares. About 86,400 equity shares will be reserved for subscription by market makers to the issue. The net offers comprises of 11,43,600 equity shares.
The company intends to utilize the net proceeds to setup manufacturing facility in Greater Noida, Uttar Pradesh, to acquire machineries for proposed manufacturing facility and general corporate purposes.
Ahead of the Srigee DLM on Friday, 2 May 2025, raised Rs 4.79 crore from anchor investors. The board has allotted 4.84 lakh shares at Rs 99 per share to 2 anchor investors.
Srigee DLM offers comprehensive end to end plastic manufacturing solutions, with a focus on design-driven production that optimizes functionality and manufacturability. It offers customer comprehensive solutions all under one roof. The company classify its business into four segments, plastic injection moulding & assembly, tool room and die manufacturing, moulding, and polymer compounding and trading. As on 31st January 2025, the company has 61 permanent employees.
The company recorded revenue from operations of Rs 54.34 crore and net profit of Rs 3.77 crore for the period ended 31 December 2024.