Silkflex Polymers (India) Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Silkflex Polymers (India) Ltd IPO

Silkflex Polymers (India) Limited is engaged in the trading of the textile printing inks and water-based wood coating polymers products of a Malaysian based brand- Silkflex produced by Silkflex Polymers SDN BHD (Silkflex Malaysia). Silkflex Malaysia, are one of the garment printing ink manufacturers of Malaysia. Silkflex Malaysia manufactures its products through its manufacturing unit located in Malaysia and the same products are then supplied around the globe through its authorised agents. The list of countries where Silkflex Malaysia supplies the products includes India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia. As on this date of Draft Prospectus, the Company have the exclusive right to sell the products of Silkflex and the rights to use the brand name of Silkflex in India. The Company offers a wide variety of products which consists of 108 textile printing ink products and 51 wood coating polymers products.

Silkflex Polymers (India) Ltd IPO Details

Total Shares Offered

₹ 34,82,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,52,000

Pre Issue Promoters Holding

₹ 81,11,700

Exchange

NSE

Issue size

TBA

IPO Open Date

May 7, 2024

Close Date

May 10, 2024

Lot Size

2000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

May 15, 2024

Silkflex Polymers (India) Ltd IPO Dates

May 7, 2024

Opening date

May 10, 2024

Closing date

May 13, 2024

Basis of Allotment

May 14, 2024

Initiation of Refunds

May 14, 2024

Credit of Shares

May 15, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	1652000
Retail	0x	1652000
Employee	0x	0
Total	0x	3482000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1652000

3482000

Silkflex Polymers (India) Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	9.78	5.73	1.51
EBITDA	10.16	6.21	1.91
PAT	7.00	3.93	0.83
Total Assets	63.93	24.31	18.16
Share Capital	11.61	8.13	2.50
Total Borrowings	54.86	16.54	11.59
Operating Activities (Net Cash)	7.38	4.41	1.23
Investing Activities (Net Cash)	-0.93	-0.93	1.40
Financing Activities (Net Cash)	54.86	16.54	11.59
Net Cashflow	0.09	0.06	0.04

About Silkflex Polymers (India) Ltd

Silkflex Polymers (India) Limited was originally incorporated on May 13, 2016 as Silkflex Polymers (India) Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, the status of the Company was changed to public limited Company and the name of the Company was changed from Silkflex Polymers (India) Private Limited to Silkflex Polymers (India) Limited vide fresh certificate of incorporation dated December 21, 2023 by the Registrar of Companies, Kolkata. The Corporate Identification Number of the Company is U51909WB2016PLC215739.

India's textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. Wood coatings are generally created by combining various layers of shellac, drying oil, lacquer, varnish, etc. where every layer is followed by sanding. Whereas, on the contrary, waterborne wood coatings are made from a wide range of resins which include acrylic, polyester, polyurethane, fluoropolymer, waterborne powder, etc.

Peer Comparison:

BASF India Ltd
Heubach Colorants India Ltd
Berger Paints India Ltd

Silkflex Polymers (India) Ltd Key Points

Strengths

ZDHC certified.

Wide range of its products.

Location Advantage.

Well established relationship with clients.

Leveraging the experience of its Promoter and Directors.

Risk

There are certain criminal litigations against its Promoter and Directors. In case these cases are decided against its Promoter and the other accused, it will cause loss of reputation of the company and that may affect its business, operations and financial conditions.

Its business operations relies significantly on the continuous and timely supply of products from Silkflex Polymers Sdn. Bhd ('Silkflex Malaysia') from whom the company purchase 74.86%, 96.04%, 97.81% and 96.48% of the total purchases for the period ended December 31, 2023 and for the financial years ended March 31, 2023, 2022 and 2021, respectively. Any discontinuation of same will adversely impact its overall performance and profitability.

Termination or non-renewal of the Silkflex Agreements by Silkflex Polymers Sdn. Bhd. or any material modification to the existing terms under such agreements adverse to its interest will materially and adversely affect the company's ability to continue its business and operations and its future financial performance.

Strategy

Focus on dealing in quality standard products.

Expanding its clientele network by geographic expansion.

Reduction of operational costs and achieving functional efficiency.

Focus on cordial relationship.

Focus on increase in volume of sales.

How To Apply for Silkflex Polymers (India) Ltd IPO Online?

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Silkflex Polymers (India) Ltd IPO?

Silkflex Polymers (India) Ltd's IPO offers shares for up to 18.11 It begins on May 7, 2024 and ends on May 10, 2024.

What is the price of the Silkflex Polymers (India) Ltd IPO?

The price of Silkflex Polymers (India) Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Silkflex Polymers (India) Ltd IPO?

The Silkflex Polymers (India) Ltd IPO opens on May 7, 2024 and closes on May 10, 2024.

When will the Silkflex Polymers (India) Ltd IPO be allotted?

The allotment for the Silkflex Polymers (India) Ltd IPO will be finalised on May 13, 2024. The shares will be listed on BSE and NSE on May 15, 2024.

What is the minimum lot size required for Silkflex Polymers (India) Ltd IPO?

The minimum lot size for Silkflex Polymers (India) Ltd IPO is 2000 shares, priced between NA to NA per share.

What is the GMP of Silkflex Polymers (India) Ltd IPO?

The GMP (Grey Market Premium) of Silkflex Polymers (India) Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Silkflex Polymers (India) Ltd IPO?

To check the allotment status of Silkflex Polymers (India) Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Silkflex Polymers (India) Ltd IPO getting listed?

The Silkflex Polymers (India) Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 7, 2024, and closes on May 10, 2024. The allotment is finalised on May 13, 2024.

How do you apply for the Silkflex Polymers (India) Ltd IPO?

To apply for the Silkflex Polymers (India) Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.