Srigee DLM IPO
Srigee DLM Limited is gearing up to float its SME IPO through the book-building route, targeting a fundraise of approximately ₹16.98 crore. The entire offering comprises a fresh issue of around 17.15 lakh equity shares. The bidding window for this IPO is scheduled from May 5 to May 7, 2025.
The company has fixed the price band between ₹94 and ₹99 per share. Retail investors are generally encouraged to apply at the upper price to enhance the likelihood of securing allotment, particularly if the issue sees high demand.
For retail applicants, the minimum investment lot consists of 1,200 shares, which requires a capital outlay of ₹1,12,800 at the lower band and ₹1,18,800 at the top end. High-net-worth individuals (HNIs) or non-institutional bidders must apply for a minimum of two lots (2,400 shares), which comes to ₹2,37,600 at the upper price.
Post-issue, Srigee DLM’s equity capital will increase from 42.59 lakh shares to 59.74 lakh shares. The company intends to list its shares on the BSE SME platform, with a tentative listing date of May 12, 2025. The share allotment process is likely to be completed by May 8, 2025.
GYR Capital Advisors Pvt Ltd is the lead manager for the issue, while Bigshare Services Pvt Ltd will handle the registrar duties. Globalworth Securities Ltd is appointed as the market maker, with an allocation of 86,400 shares reserved for this role.
Srigee DLM IPO – Important Dates (Tentative)
| Event | Scheduled Date |
|---|---|
| Opening of IPO Subscription | Monday, May 5, 2025 |
| Closing of IPO Subscription | Wednesday, May 7, 2025 |
| UPI Mandate Approval Deadline | By 5:00 PM on May 7, 2025 |
| Provisional Allotment Announcement | Thursday, May 8, 2025 |
| Refunds Begin (if applicable) | Friday, May 9, 2025 |
| Shares Credited to Demat Accounts | Friday, May 9, 2025 |
| Expected Listing on Stock Exchanges | Monday, May 12, 2025 |
Srigee DLM IPO Lot Size Details
The minimum bid for the Srigee DLM IPO has been set at 1200 equity shares, and further bids can be made in multiples of this lot size. The table below outlines the required number of shares and the corresponding investment amounts for both retail and high net-worth individuals (HNIs):
- Retail Investors can apply with at least one lot (1,200 shares), requiring an investment of ₹1,18,800.
- The maximum permissible bid for retail investors also stands at one lot (₹1,18,800).
- HNIs must apply for at least two lots (2,400 shares), amounting to ₹2,37,600.
Srigee DLM IPO Promoter Shareholding
Mr. Shashi Kant Singh and Mrs. Suchitra Singh are the primary stakeholders and promoters of Srigee DLM. Before the IPO issuance, the promoters held a combined stake of 63.44% in the company.
Anchor Investors Participation in Srigee DLM IPO
Srigee DLM secured a total of ₹4.80 crore through anchor investor funding. The bidding by anchor investors took place on May 2, 2025. A total of 4,84,800 shares were allocated in this portion.
- 50% of the shares allocated to anchor investors will be under a lock-in period ending on June 7, 2025.
- The remaining 50% will be locked in until August 6, 2025, completing a 90-day period.
Srigee DLM IPO Share Allocation Structure
The distribution of shares in the IPO is categorized as follows:
- Qualified Institutional Buyers (QIBs): Can be allotted up to 50% of the total net offer.
- Retail Investors: At least 35% of the net issue is earmarked for this segment.
- Non-Institutional Investors (HNIs): Will receive not less than 15% of the net issue.
More About Srigee DLM Limited
Srigee DLM Limited, originally established as Srigee Enterprises Private Limited in 2005, has steadily evolved from its initial focus on plastic moulding for consumer durables to become a diversified manufacturing solutions provider. By 2013, the company expanded into home appliance components, enhancing its production capabilities with advanced injection moulding technology. Today, Srigee DLM offers design-driven manufacturing and assembly services, with expertise in plastic injection moulding, tool and die making, mobile phone sub-assembly, and polymer compounding. Serving key sectors such as consumer electronics, home appliances, automotive, and industrial components, the company is known for delivering reliable, cost-efficient, and high-quality solutions tailored to OEM needs.
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Srigee DLM Limited – Financial Snapshot (₹ in Lakhs)
| Financial Metric | Dec 31, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Total Assets | 3,202.00 | 2,499.00 | 1,989.00 | 1,623.00 |
| Total Revenue | 5,447.00 | 5,465.00 | 4,725.00 | 3,304.00 |
| Net Profit (After Tax) | 377.00 | 310.00 | 281.00 | 113.00 |
| Shareholders’ Equity | 1,846.00 | 1,468.00 | 1,060.00 | 779.00 |
| Reserves & Surplus | 1,420.00 | 1,030.00 | 879.00 | 597.00 |
| Total Debt | 283.00 | 227.00 | 251.00 | 371.00 |
Srigee DLM IPO Proceeds (₹ in Lakhs)
| S.No. | Purpose of Fund Utilization | Estimated Cost (₹ Lakhs) |
|---|---|---|
| 1 | Funding for capital-related expenditures. | Not specified |
| 2 | Construction of a new production unit at Plot No. 15, Ecotech-X, Industrial Estate, Greater Noida, Gautam Budh Nagar, Uttar Pradesh. | 542.8 |
| 3 | Purchase of equipment and machinery to be set up at the upcoming manufacturing plant mentioned above. | 951.0 |
| 4 | Allocation for general corporate expenses to support routine business operations. | Not specified |
Srigee DLM IPO Registrar
Srigee DLM IPO Registrar is Bigshare Services Pvt Ltd, a well-established registrar and transfer agent in India. Their role in the IPO process is crucial—they manage the collection and verification of IPO applications, oversee the allotment of shares to investors, and handle any post-issue inquiries or grievances. Bigshare Services acts as the bridge between the company and investors, ensuring transparency and efficiency in the IPO process. Investors participating in the Srigee DLM IPO can contact them for any support via phone at +91-22-6263 8200, email at ipo@bigshareonline.com, or check their IPO status online at https://ipo.bigshareonline.com/IPO_Status.html.
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