Last updated on June 21, 2024
Durlax Top Surface IPO description – Durlax Top Surface specializes in crafting solid surface materials. These products are distributed throughout India via a vast network of distributors and direct customers. Additionally, they are exported to diverse locations including Dubai, Bahrain, Greece, and Nepal.
The company has two brands, LUXOR and ASPIRON. LUXOR offers acrylic UV solid sheets, while ASPIRON provides modified solid sheets. Both brands feature seamless designs with antibacterial and fire-retardant properties, ensuring a high-quality range of solid sheets. These products are ideal for residential, commercial, hospitality, healthcare, outdoor, and various other industries, offering stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects, and more.
The company achieved sales to distributors amounting to approximately INR 58.90 Lakhs, accounting for 64.89% of its total sales for the financial year 2024. In this period, the company was working with 16 distributors. Durlax Top Surface employed a team of 69 individuals.
Promoters of Durlax Top Surface – Shravan Suthar, and Lalit Suthar
Table of Contents
Durlax Top Surface IPO Details
| Durlax Top Surface IPO Dates | 19 – 21 June 2024 |
| Durlax Top Surface Issue Price | INR 65 – 68 per share |
| Fresh issue | 42,00,000 shares (INR 27.30 – 28.56 crore) |
| Offer For Sale | 18,00,000 shares (INR 11.70 – 12.24 crore) |
| Total IPO size | 60,00,000 shares (INR 39.0 – 40.80 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Durlax Top Surface Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 47.36 | 66.74 | 90.76 |
| Expenses | 46.64 | 64.69 | 85.63 |
| Net income | 0.48 | 2.09 | 5.05 |
Durlax Top Surface Offer News
- Durlax Top Surface RHP
- Durlax Top Surface Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Durlax Top Surface Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.41 | 1.75 | 4.06 |
| PE ratio | – | – | 16.01 – 16.75 |
| RONW (%) | 3.75 | 12.53 | 23.12 |
| NAV | 10.92 | 13.48 | 17.58 |
| ROCE (%) | 12.35 | 16.13 | 20.20 |
| EBITDA (%) | 13.71 | 11.69 | 11.83 |
| Debt/Equity | 3.04 | 2.21 | 2.78 |
Durlax Top Surface IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 21 June 2024 | 50 | – | 75,000 |
| 20 June 2024 | 35 | – | 41,000 |
| 19 June 2024 | 25 | – | 30,000 |
| 18 June 2024 | 20 | – | 28,000 |
| 17 June 2024 | 16 | – | 21,500 |
Durlax Top Surface IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 22,52,000 | 8,56,000 | 20,00,000 | 51,08,000 |
| 21 Jun 2024 | 48.29 | 414.58 | 184.83 | 163.14 |
| 20 Jun 2024 | 2.94 | 11.41 | 27.66 | 14.04 |
| 19 Jun 2024 | 2.28 | 5.13 | 10.27 | 5.88 |
The market maker reservation portion of 3,00,000 shares is not included in the above calculations.
Durlax Top Surface IPO Allotment Status
Durlax Top Surface IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Durlax Top Surface IPO Dates & Listing Performance
| IPO Opening Date | 19 June 2024 |
| IPO Closing Date | 21 June 2024 |
| Finalization of Basis of Allotment | 24 June 2024 |
| Initiation of refunds | 25 June 2024 |
| Transfer of shares to demat accounts | 25 June 2024 |
| IPO Listing Date | 26 June 2024 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Durlax Top Surface Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone:Â +91 011 4509 8234
Email:Â [email protected]
Website:Â www.expertglobal.in
Durlax Top Surface 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Durlax Top Surface Issue Contact Details
DURLAX TOP SURFACE LIMITED
301, Jaisingh Commonspace, Dayal Das Road,
FP362, W.E. Highway, Vile Parle (East), Mumbai – 400057
Phone: +91-75067 99831
E-mail: [email protected]
Website: www.durlax.com
IPO FAQs
What is the Durlax Top Surface offer size?
Durlax Top Surface’s offer size is INR 39.0 – 40.80 crores.
What is the Durlax Top Surface offer price band?
Durlax Top Surface’s public offer price is INR 65 – 68 per share.
What is the lot size of the Durlax Top Surface IPO?
Durlax Top Surface offer a lot size is 2,000 shares.
What is Durlax Top Surface IPO GMP today?
Durlax Top Surface IPO GMP today is INR 50 per share.
What is the Durlax Top Surface kostak rate today?
Durlax Top Surface kostak rate today is INR NA per application.
What is Durlax Top Surface Subject to the Sauda rate today?
Durlax Top Surface is Subject to the Sauda rate today is INR 75,000 per application.
