Silkflex Polymers (India) is engaged in the trading of 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 is one of the garment printing ink manufacturers in 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 authorized agents. The list of countries where Silkflex Malaysia supplies the products includes India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh, and Indonesia. As of this date of the Draft Prospectus, the Company has the 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 polymer products. The Company entered into an agreement with Silkflex Malaysia on October 01, 2016, for the distribution and selling, of the water-based textile printing ink products of Silkflex. They also agreed with Silkflex Malaysia on October 01, 2019, for the distribution and selling, of the wood coating polymer products of Silkflex Malaysia. These agreements also give them the right to use the brand name of Silkflex in India. Further, by Technology Transfer Agreement (“TTA”) dated July 25, 2023, Silkflex Malaysia has permitted them to be the manufacturer of its products in India and agreed to provide the full right, technology relating to products like Silkbond 35 and binder for table glue products. However, as of the date of this Draft Prospectus, the Company is in the process of setting up the manufacturing unit and has not started its production activities.
Objects of the Issue:
- Acquisition of land
- Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
- Funding Working Capital Requirements of the Company.
- General corporate purposes.
Silkflex Polymers IPO Review
- May Apply
Silkflex Polymers IPO Date & Price Band Details
| IPO Open: | May 7, 2023 |
| IPO Close: | May 10, 2023 |
| IPO Size: | Approx ₹18.11 Crores, 3,482,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Silkflex Polymers IPO Market Lot
The Silkflex Polymers IPO minimum market lot is 2000 shares with a ₹104,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹104,000 |
| Retail Maximum | 1 | 2000 | ₹104,000 |
| S-HNI Minimum | 2 | 4000 | ₹208,000 |
Silkflex Polymers IPO Dates
The Silkflex Polymers IPO date is May 7 and the IPO close date is May 10. The IPO allotment date is May 13 and the IPO might list on May 15.
| IPO Open Date: | May 7, 2023 |
| IPO Close Date: | May 10, 2023 |
| Basis of Allotment: | May 13, 2023 |
| Refunds: | May 14, 2023 |
| Credit to Demat Account: | May 14, 2023 |
| IPO Listing Date: | May 15, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Silkflex Polymers IPO Form
How to apply Silkflex Polymers IPO? You can apply Silkflex Polymers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Silkflex Polymers IPO in the Invest section. The other option you can apply Silkflex Polymers IPO via IPO forms download via the NSE website. Check out the Silkflex Polymer IPO forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Silkflex Polymer Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹20.96 | ₹20.35 | ₹0.45 |
| 2022 | ₹28.05 | ₹27.12 | ₹0.69 |
| 2023 | ₹34.42 | ₹33.34 | ₹0.79 |
| Dec 2023 | ₹33.82 | ₹30.36 | ₹2.57 |
Silkflex Polymers IPO Valuation – FY2023
Check Silkflex Polymers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.97 per Equity Share |
| Price/Earning P/E Ratio: | 53.61 |
| Return on Net Worth (RoNW): | 9.62% |
| Net Asset Value (NAV): | ₹10.05 per Equity Share |
Peer Group
- BASF India Limited
- Heubach Colorants India Limited
- Berger Paints India Limited
Company Promoters
- Mr Tushar Lalit Kumar Sanghavi
- Ms Urmi Raj Mehta
- M/s. Tushar Lalitkumar Sanghavi HUF
- M/s. Lalitbhai H Sanghvi HUF
Silkflex Polymers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Silkflex Polymers IPO Allotment Status
Check Silkflex Polymers IPO allotment status on Bigshare website URL. Click Here
Silkflex Polymers IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
Silkflex Polymers (India) Limited
Daga Complex
Sulati Jaladhulagori
Sankrail, Howrah-711302
Phone: +91 9674912615
Email: [email protected]
Website: https://silkflexindia.in/
