Durlax Top Surface Ltd IPO
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Durlax Top Surface Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 60 L | ₹ 18 L | ₹ 20 L | ₹ 101.15 L | NSE | ₹ 40.8 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Jun, 24 | 21 Jun, 24 | 2000 | ₹ 1,30,000 | Book Building - SME | 26 Jun, 24 |
Durlax Top Surface Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 38.24x | 2844000 | 108750000 |
| NII | 415.8x | 856000 | 355926000 |
| Retail | 202.82x | 2000000 | 405650000 |
| Employee | 0x | 0 | 0 |
| Total | 145.05x | 6000000 | 870326000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Durlax Top Surface Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.32 | 4.48 | 3.39 |
| EBITDA | 9.43 | 6.81 | 5.55 |
| PAT | 5.05 | 2.09 | 0.81 |
| Total Assets | 83.82 | 56.53 | 48.98 |
| Share Capital | 12.43 | 12.40 | 0.15 |
| Total Borrowings | 43.81 | 20.97 | 24.81 |
| Operating Activities (Net Cash) | 7.16 | 4.42 | 2.97 |
| Investing Activities (Net Cash) | 0.48 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 43.81 | 20.97 | 24.81 |
| Net Cashflow | 1.23 | 0.98 | 1.03 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Durlax Top Surface Ltd
Durlax Top Surface Limited was originally incorporated as Durlax Archtech Private Limited on May 03, 2010 as a private limited company under the provisions of Companies Act, 1956 pursuant to Certificate of Incorporation issued by RoC, Maharashtra, Mumbai. Further, the name of the company was changed to Durlax India Private Limited vide the Certificate of Incorporation pursuant to change of name dated August 23, 2017 issued by RoC, Mumbai. Subsequently, the name was changed to Durlax Top Surface Private Limited vide Certificate of Incorporation pursuant to change of name dated January 06, 2023 issued by RoC, Mumbai. The Company was converted into a public limited company pursuant to shareholders resolution passed at the General Meeting of our Company held on January 27, 2023 and the name of the Company was changed to Durlax Top Surface Limited and a Fresh Certificate of Incorporation dated March 29, 2023 was issued by RoC, Mumbai. The Corporate Identification Number of the Company is U74999MH2010PLC202712.
The most recent research report on the global Corian Acrylic Solid Surface Market from 2023 to 2029 offers a comprehensive overview of the market, highlighting current trends, demand, and recent advancements that are anticipated to impact market growth in the near future. The report delves into various aspects including new business opportunities, pricing, revenue generation, gross margin, market size, market share, growth potential, and upcoming strategies employed by leading players. Additionally, it provides detailed profiles of major companies operating in the market, with a focus on market size for different product types (Casting Molding Solid Surface, Extrusion Molding Solid Surface), applications (Hospitals, Hotels), and geographical regions. The report also analyses the competitive landscape, current status, and emerging trends in the industry.
Durlax Top Surface Limited is engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka. The Company operates through two brands namely LUXOR and ASPIRON, which provide a wide range of solid surfaces known for their aesthetics and performance. Its LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON offers Modified Solid Surfaces. Both brands offer seamless designs, anti-bacterial properties, and fire-retardant features, ensuring a comprehensive selection of high-quality solid surfaces.
Peer Comparison:
- Kaka Industries Ltd
- Dhabriya Polywood Ltd
- Pokarna Ltd
Durlax Top Surface Ltd IPO Key Points
Strengths
- Focusing on multiple end-user industries.
- Wide and diverse range of product offerings.
- Experienced promoters and management team with industry knowledge and an established track record.
- Diversified distribution network across India catering to customers.
Risk
- The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers and any failure to continue its existing arrangements could adversely affect the company's business and results of operations.
- The company does not have long term agreements with suppliers for its raw materials and an increase in the cost of or a shortfall in the availability of such raw materials could have an adverse effect on its business, results of operations and financial condition.
- Under-utilization of its production capacities could have an adverse effect on its business, future prospects and future financial performance.
Strategy
- Continue to add to product portfolio by introducing new designs.
- Further expand its distribution network across India and globally.
- Continue to drive business based on people-centric policies and practices.
- To increase brand visibility.
- Focusing on multiple end-user industries.
- Wide and diverse range of product offerings.
- Experienced promoters and management team with industry knowledge and an established track record.
- Diversified distribution network across India catering to customers.
How To Apply for Durlax Top Surface Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.