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The Srigee DLM IPO will remain open for public subscription between May 5 and May 7, and the price band of the 16.98-crore BSE SME IPO has been fixed at Rs 94-Rs 99 per share.
Srigee DLM IPO.
Srigee DLM IPO: Srigee DLM Private Ltd will launch its initial public offering (IPO) on May 5, which will be concluded on May 7. The price band of the 16.98-crore BSE SME IPO has been fixed in the range of Rs 94 to Rs 99 per share.
Srigee DLM, which was set up in 2005, is engaged in design-led manufacturing and assembly services, specialising in plastic injection moulding, tool room & die manufacturing, mobile phone sub-assembly, and polymer compounding & trading.
Srigee DLM IPO: Key Dates
The Srigee DLM IPO will remain open for public subscription between May 5 and May 7. Its allotment will likely take place on May 8, while the listing is scheduled to take place on May 12.
Srigee DLM IPO: Price
The price band of the SME IPO has been fixed in the range of Rs 94 to Rs 99 per share.
Srigee DLM IPO: Lot Size
A lot will comprise a total of 1,200 shares. So, retail investors need at least Rs 1,12,800 of investment to apply for the IPO. At the upper IPO price band, the amount is Rs 1,18,800.
For non-institutional investors (NIIs), the minimum investment required is Rs 2,37,600 for 2 lots.
Srigee DLM IPO GMP Today
According to market observers, unlisted shares of Srigee DLM Ltd are currently trading at Rs 107 apiece, which is a 8.08 per cent premium (GMP) over the upper IPO price of Rs 99. The IPO listing is scheduled to take place on the BSE SME on May 12.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Srigee DLM IPO: Other Details
The Srigee DLM IPO is a bookbuilding of Rs 16.98 crores, comprising entirely a fresh issue of 17.15 lakh shares.
As of December 31, 2024, Srigee DLM Limited reported revenue of Rs 54.34 crore and a profit after tax (PAT) of Rs 3.77 crore. The market capitalization for the Srigee DLM IPO stands at ₹59.14 crore.
As per the red herring prospectus (RHP),the company’s listed peers are Amber Enterprises India Ltd (with a P/E of 169.65), and Cyient DLM Ltd (with a P/E of 55.46).
GYR Capital Advisors Private Limited is the book-running lead manager of the Srigee DLM IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Srigee DLM IPO is Globalworth Securities Limited.
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