Srigee DLM Ltd IPO

About Srigee DLM Ltd

Srigee DLM Limited was incorporated as `Srigee Enteprises Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 20, 2005 issued by the Registrar of Companies, U.P. & Uttaranchal, Kanpur. Pursuant to a resolution passed by the shareholders at their meeting held on September 12, 2023, the name of the Company was changed to `Srigee DLM Private Limited' and a Fresh Certificate of Incorporation dated September 22, 2023 was issued by Registrar of Companies, Kanpur. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders at an Extraordinary General Meeting held on September 22, 2023 and consequently the name of the Company was changed to `Srigee DLM Limited' and a fresh certificate of incorporation dated October 10, 2023 was issued by the Registrar of Companies, Kanpur. The Corporate Identification Number of the Company is U32109UP2005PLC031105.

The CEA (Consumer Electronics and Appliances) sector in India has demonstrated robust growth in recent years, driven by increasing consumer awareness, higher disposable incomes, expanding middle-class population, and rapid technological advancements. With the increasing adoption of smart devices and a shrinking replacement cycle for consumer durables, both urban and rural markets have witnessed a surge in demand for appliances such as televisions, refrigerators, washing machines, air conditioners, LEDs, and other electronic products. The industry is expected to nearly double in value, from approximately US$ 9.84 billion in 2021 to over US$ 21.18 billion by 2025, positioning India as the fifth-largest consumer electronics and appliances market globally. A significant development within this sector is the growing prominence of the Original Design Manufacturer (ODM) model. ODMs are responsible for designing products based on brand specifications, sourcing components, overseeing manufacturing and assembly, and, in some cases, managing logistics and post-sales services. This model allows brands to reduce production costs, enhance time-to-market efficiency, and focus on marketing and distribution strategies. The Indian ODM market, estimated at INR 420 billion for FY25, is largely dominated by the television segment, followed by room air conditioners, washing machines, refrigerators, and small domestic appliances. The increasing global competitiveness of ODMs is attributed to their deep manufacturing expertise, cost-effectiveness, and integration within global value chains. The industry's expansion is significantly supported by the Indian government through initiatives such as the ake in India' campaign and various Production Linked Incentive (PLI) schemes. These policies aim to boost domestic manufacturing capabilities, attract foreign investment, and reduce dependency on imports by promoting self-reliance in critical electronic components. Additional support measures include fiscal incentives, infrastructure development, and efforts to establish electronics manufacturing clusters across the country. India's electronics production ambitions are substantial, with a target of reaching US$ 500 billion by 2030 and electronics exports worth US$ 120 billion by FY26. To support these goals, substantial investments have been made in R&D, semiconductor development, and skill enhancement, with the government also promoting employment generation and innovation in the sector.

The Company offers comprehensive end to end plastic manufacturing solutions, with a focus on design-driven production that optimizes functionality and manufacturability. This approach caters to both OEM and ODM clients. For OEMs, the company efficiently transforms plastic based prototypes, such as those for consumer electronics or automotive parts, into high quality, production ready components. For ODMs, the company partners from initial concept to finished product, leveraging our expertise in material selection, extrusion, mold making, precision injection molding, and final assembly. With a focus on Design-led manufacturing of plastic components mainly for major home appliance companies in white goods segment, electrical components and automotive components through plastic injection moulding and assembly. The company initially started with plastic injection molding. Over time, it has become a backward integrated company with in-house die design and testing, polymer compounding, and assembly lines. This allows us to offer our customers comprehensive solutions all under one roof. We classify our business segments into four: 1. Plastic Injection Moulding & Assembly. 2. Tool Room and Die Manufacturing. 3. Job-Work - Moulding. 4. Polymer Compounding and Trading.

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