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Silkflex Polymers (India) Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Silkflex Polymers (India) Ltd IPO

Registered Office: Daga Complex Sulati-,Jaladhulagori Sankrail , Howrah - 711302 , West Bengal , India.
Phone : +91 96749 12615   Fax:
Email :  investors@silkflexindia.in  
Website :  www.silkflexindia.in
Initial public offering of 34,82,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of Silkflex Polymers (India) Limited ("SPIL" or "The Company" or "The Issuer") for cash at a price of (Rs)52/- per equity share (including a premium of (Rs)42 per equity share) ("Issue Price") aggregating to (Rs)18.11 crores ("The Issue") of which 1,78,000 equity shares aggregating to (Rs)0.93 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 33,04,000 equity shares of face value of (Rs)10/- each at an issue price of (Rs)52/- per equity share aggregating to (Rs)17.18 crores ("Net Issue"). The issue and the net issue will constitute 30.00 % and 28.47 % of the post issue paid-up equity share capital of the company. The face value of the equity shares is (Rs)10/- each and the issue price is 5.2 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
07-May-24 10-May-24 (Rs)52.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  (Rs Cr) Lead Managers to the Issue
Project Cost 16.40
Shreni Shares Ltd
Project Financed through Current Offer 18.11  
Post Issue Equity Share Capital 11.61  
Issue Price (Rs)52.00  
 
Projects
Acquisition of LandFunding working capital requirements of the company
Funding of capital expenditure requirements of its company towards purchase of plant and machineryGeneral corporate purposes
Promoted By
Tushar Lalit Kumar Sanghavi  
Urmi Raj Mehta  
Tushar Lalitkumar Sanghavi HUF  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd