Silkflex Polymers IPO GMP, Review, Price, Allotment

Silkflex Polymers IPO description – Silkflex Polymers (India) specializes in trading textile printing inks and water-based wood coating polymers, primarily sourced from the Malaysian brand ‘Silkflex’, manufactured by Silkflex Polymers SDN BHD (Silkflex Malaysia).

Silkflex Polymers (India) provides an extensive range of products, including 108 textile printing ink products and 51 wood coating polymer products. The company secured a distribution and sales agreement with Silkflex Malaysia on 1 October 2016, to offer Silkflex’s water-based textile printing inks.

Silkflex India products are certified to ZDHC Confidence Level 3 (Zero Discharge of Hazardous Chemicals). As of January 2024, the company’s registered office is located in West Bengal. It also operates five branch offices and warehouses in India, with locations in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab. As of 31 December 2023, Silkflex India had 28 permanent employees working at its offices.

Promoters of Silkflex Polymers (India) – Mr. Tushar Lalit Kumar Sanghavi, Ms. Urmi Raj Mehta, M/S. Tushar Lalitkumar Sanghavi HUF, and M/S. Lalitbhai H Sanghvi HUF

Silkflex Polymers IPO Details

Silkflex Polymers IPO Dates	7 – 10 May 2024
Silkflex Polymers Issue Price	INR 52 per share
Fresh issue	3,482,000 shares (INR 18.11 crore)
Offer For Sale	NIL
Total IPO size	3,482,000 shares (INR 18.11 crore)
Minimum bid (lot size)	2,000 shares (INR 104,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE EMERGE

Silkflex Polymers Financial Performance

	FY 2021	FY 2022	FY 2023	9M FY 2024
Revenue	20.75	27.82	34.21	33.48
Expenses	20.35	27.12	33.34	30.36
Net income	0.45	0.69	0.79	2.57

Figures in INR Crores unless specified otherwise

Silkflex Polymers (India) Offer News

Silkflex Polymers Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	0.68	0.85	0.97
PE ratio	–	–	53.61
RONW (%)	8.83	9.29	9.62
NAV	7.69	9.14	10.05
ROE (%)	11.52	10.96	10.11
EBITDA (%)	7.06	6.69	7.59
Debt/Equity	1.19	1.35	1.48

*Compiled by IPO Central from Prospectus

Silkflex Polymers IPO GMP Today

Silkflex Polymers IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

Silkflex Polymers IPO Allotment Status

Silkflex Polymers IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Silkflex Polymers IPO Dates & Listing Performance

Silkflex India IPO Opening Date	7 May 2024
Silkflex India IPO Closing Date	10 May 2024
Finalization of Basis of Allotment	13 May 2024
Initiation of refunds	14 May 2024
Transfer of shares to demat accounts	14 May 2024
Silkflex Polymers IPO Listing Date	15 May 2024
Opening Price on BSE SME	Coming soon
Closing Price on BSE SME	Coming soon

Silkflex Polymers Offer Lead Manager

SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email: [email protected]
Website: www.shreni.in

Silkflex Polymers Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

SILKFLEX POLYMERS (INDIA) LIMITED
Daga Complex, Sulati Jaladhulagori,
Sankrail, Howrah – 711 302, West Bengal
Phone: +91 9674912615
E-mail: [email protected]
Website: www.silkflexindia.in