SILKFLEX POLYMERS (INDIA) LIMITED (NSE SME)
May 7, 2024 - May 10, 2024
| Price | ₹52 - ₹52 |
| Premium | ₹15 |
|---|---|
| Lot size | 2000 |
| Allotment | May 13, 2024 |
| Listing | May 15, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 104000 | 826 |
| HNI | 2 | 4000 | 208000 | 826 |
Last updated on 10-May-2024 17:44:07
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1652000 | 60434000 | 36.58 |
| RETAIL | 1652000 | 57522000 | 34.82 |
| Total | 3304000 | 117956000 | 35.7 |
| Retail Apps | 28761 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹2.55 | @8% ₹2.92 | @9% ₹3.28 | @10% ₹3.65 | @11% ₹4.01 | @12% ₹4.38 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1652000 |
| Other | 47.5% | 1652000 |
| Market Maker | 5.0% | 178000 |
| Total No. of Shares | 100.0% | 3482000 |
Established in 2016, SILKFLEX POLYMERS (INDIA) LIMITED, Renowned as a leading Garment Printing Ink manufacturer with a monthly capacity of 1000 MT, Silkflex Polymers sets itself apart by meticulously formulating inks in-house, from polymer/resin synthesis to final ink production. This vertically integrated approach enables precise customization of polymers and inks for specific applications, ensuring unparalleled performance. Notably, Silkflex Polymers is a preferred supplier for global giants such as PUMA, C&A, and H&M, and is embraced by major apparel brands worldwide, including recent expansions into European markets like Portugal, Turkey, and Spain. Additionally, Silkflex Polymers Sdn. Bhd. pioneers eco-friendly solutions with Silkflex Wood Coating, a leader in water-based wood coating technology, renowned for its rapid, low VOC formulation and ability to replace traditional solvent-based lacquers. Trusted by renowned furniture brands and prestigious establishments globally, Silkflex Wood Coating epitomizes sustainable innovation in the realm of wood finishes. With a dedicated team of 28 employees as of December 2023, SILKFLEX POLYMERS (INDIA) LIMITED continues to redefine industry standards through innovation, quality, and eco-conscious practices.
IPO Details
| Issue Size | 34,82,000 shares (aggregating up to 18.11 Cr) |
| Fresh Issue | 34,82,000 shares (aggregating up to 18.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 81,25,000 |
| Share holding post issue | 1,16,07,000 |
| Market Maker portion | 1,78,000 Shreni Shares |
Key Performance Indicators
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 23.91% | 10.11% | 10.96% |
| RONW | 23.91% | 9.62% | 9.29% |
| D/E | 1.60 | 1.48 | 1.35 |
| EPS (Diluted) | 3.16 | 0.97 | 0.85 |
| P/BV | 3.94 | ||
| P/E Pre IPO | 53.76 |
Financial Statement (Restated)
| Period | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 3,446.35 | 2,374.73 | 1,968.81 | 1,314.06 |
| Revenue | 3,381.55 | 3,442.25 | 2,804.52 | 2,096.07 |
| Profit After Tax | 256.66 | 78.59 | 68.59 | 45.35 |
| Net Worth | 1,073.28 | 816.62 | 738.03 | 513.51 |
| Reserve & Surplus | 260.78 | 566.62 | 488.03 | 308.06 |
| Total Borrowing | 1,716.18 | 1,208.31 | 994.50 | 612.81 |
| Amount in Lakhs | ||||
Strength factors
Diverse Product Range: Offering a wide array of innovative products, including Garment Printing Inks and eco-friendly Wood Coatings, SILKFLEX POLYMERS (INDIA) LIMITED meets the varied needs of industries such as apparel and furniture with comprehensive solutions.
Geographical Advantage: Situated in India, the company benefits from a strategic location that facilitates efficient market access and distribution networks, enabling prompt delivery of products to clients worldwide.
Robust Client Relationships: With a track record of delivering quality products and exceptional service, SILKFLEX POLYMERS (INDIA) LIMITED has cultivated strong, enduring relationships with major brands in the apparel and furniture sectors, earning their trust and loyalty.
Risk Factors
Working Capital Dependency: The Company’s reliance on adequate working capital for day-to-day operations poses a significant risk. Any difficulty in acquiring sufficient working capital on favorable terms could disrupt business operations, impacting profitability and growth prospects adversely.
Exposure to Price Fluctuations: SILKFLEX POLYMERS (INDIA) LIMITED's trading activities are susceptible to fluctuations in the prices of traded goods. This exposes the company to market volatility, potentially affecting revenues, margins, and overall financial performance.
Litigation Risks: The presence of outstanding litigation poses a notable risk to the company. Adverse outcomes from legal proceedings could have detrimental effects on business operations, tarnish the company's reputation, and result in financial losses, impacting overall results of operations negatively.
SHRENI SHARES LIMITED
Ms. Tanya Goyal
E-mail: shrenishares@gmail.com
Telephone: 022 – 2089 7022
BIGSHARE SERVICES PVT LTD
Mr. Vinayak Morbale
E-mail: ipo@bigshareonline.com
Telephone: 022 - 6263 8200