IPO Details
Bidding Dates
05 May '25 - 07 May '25
Minimum Investment
₹1,18,800 / 1 Lot (1,200 Shares)
Price Range
₹94 - ₹99
Maximum Investment
₹1,18,800 / 1 Lot (1,200 Shares)
Retail Discount
To be announced
Issue Size
₹16.98 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Srigee DLM IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
May 05, 25
IPO Closing Date
May 07, 25
Basis of Allotment
May 08, 25
Initiation of Refunds
May 09, 25
IPO Listing Date
May 12, 25
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1May 4, 2025 |
1.45 | 25.46 | 15.75 | 13.77 |
About Srigee DLM IPO
Srigee DLM IPO is a book-built issue worth ₹16.98 crore. The IPO is entirely a fresh issue of 17.15 lakh shares aggregating to ₹16.98 crore. The IPO opened for subscription on May 5, 2025, and will close on May 7, 2025. Allotment is expected to be finalised on May 8, 2025, with tentative listing on the BSE SME platform scheduled for May 12, 2025.
The IPO price band is fixed at ₹94 - ₹99 per share. Retail investors must apply for a minimum of 1 lot comprising 1,200 shares, requiring an investment of ₹1,18,800 at the cutoff price. HNI investors are required to apply for at least 2 lots (2400 shares), amounting to ₹2,37,600.
GYR Capital Advisors Private Limited is the book-running lead manager for this issue, while Bigshare Services Pvt Ltd is the registrar. The market maker is Globalworth Securities Limited.
For detailed financials, company background, and risk factors, investors are advised to refer to the Srigee DLM IPO RHP.
Industry Outlook
- India’s consumer electronics and appliances market is set to grow from US$ 9.84 billion in 2021 to over US$ 21.18 billion by 2025.
- Growth is driven by rising incomes, urbanisation, tech adoption, and supportive policies like ‘Make in India’ and PLI.
- The ODM model is expanding, with the market expected to hit INR 420 billion in FY25, led by the TV segment.
- Key challenges include infrastructure and skilled labour shortages, but opportunities lie in rising consumption and exports.
Srigee DLM IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Funds will be used to set up a new manufacturing facility at Plot No. 15, Ecotech – X, Industrial Area, Greater Noida, Uttar Pradesh, enhancing production capacity.
- A portion of the proceeds will be allocated towards acquiring new machinery for the proposed manufacturing facility, ensuring efficient and high-quality production.
- Remaining funds will be utilized for general corporate purposes, including operational expenses, strategic initiatives, and unforeseen contingencies.
- Listing of equity shares is expected to enhance brand visibility, improve credibility with customers, and create a public market for the shares in India.
About Srigee DLM Limited
Srigee DLM Limited was originally incorporated as Srigee Enterprises Private Limited on December 20, 2005, under the Companies Act, 1956. The company transitioned into a public limited entity on October 10, 2023, and was renamed Srigee DLM Limited, marking a strategic step towards expansion and market visibility.
The company provides end-to-end plastic manufacturing solutions with a strong focus on design-driven production. It caters to both Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs), offering services that span from prototype development to final product assembly. For OEMs, it delivers high-quality, production-ready plastic components, while for ODMs, it supports the entire product lifecycle from concept to completion.
Srigee DLM primarily serves the white goods segment, electrical and automotive industries, specialising in plastic injection molding and assembly of components. Its backward-integrated operations include in-house capabilities such as die design, polymer compounding, testing, and assembly, enabling it to deliver comprehensive solutions under a single roof.
With manufacturing facilities based in Greater Noida, Uttar Pradesh, Srigee DLM is well-positioned to scale operations. The IPO proceeds will be used for capital expenditure, including a new manufacturing unit and machinery acquisition, along with general corporate needs. The public listing is expected to boost the company’s brand visibility, enhance customer trust, and establish a market for its equity shares in India.
How To Check the Allotment Status of the Srigee DLM IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Srigee DLM IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Srigee DLM IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Srigee DLM IPO
Registered office: Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida, Uttar Pradesh, India.
Phone: +91-120 2345678
E-mail: compliance@srigeedlm.com
Srigee DLM IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares Offered |
4,84,800 (28.27%) |
|
Market Maker Shares Offered |
86,400 (5.04%) |
|
QIB Shares Offered |
3,25,200 (18.96%) |
|
NII (HNI) Shares Offered |
2,46,000 (14.35%) |
|
Retail Shares Offered |
5,72,400 (33.38%) |
|
Total Shares Offered |
17,14,800 (100%) |
Srigee DLM IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1200 |
₹1,18,800 |
|
Retail (Max) |
1 |
1200 |
₹1,18,800 |
|
HNI (Min) |
2 |
2400 |
₹2,37,600 |
Srigee DLM IPO Promoter Holding
Mr. Shashi Kant Singh and Mrs. Suchitra Singh are the company promoters.
|
Share Holding Pre-Issue |
63.44% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for Srigee DLM IPO
As of March 31, 2024, the market capitalisation of Srigee DLM is ₹101.80 crore. Here are the KPIs of Srigee DLM:
|
KPI |
Value |
|
EBITDA Margin (%) |
9.00 |
|
PAT Margin (%) |
5.69 |
|
Return on Average Equity (RoAE) (%) |
24.49 |
|
Return on Capital Employed (RoCE) (%) |
25.80 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
7.27 |
8.42 |
|
P/E (x) |
13.62 |
11.76 |
Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of December 31, 2024, that are available in RHP.
Srigee DLM IPO Prospectus
Srigee DLM IPO Registrar and Lead Managers
Srigee DLM IPO Lead Managers
- GYR Capital Advisors Private Limited
Registrar for Srigee DLM IPO
Bigshare Services Private Limited
- Contact Number: +91 22 6263 8200
- Email Address: ipo@bigshareonline.com
Srigee DLM IPO Registrar
Know before investing
Strengths
8-
Srigee DLM is led by experienced promoters and a skilled management team with strong industry knowledge and strategic insight.
-
The company provides end-to-end plastic manufacturing solutions, including design, mold making, injection molding, and assembly.
-
It caters to both OEM and ODM clients, supporting them from prototype development to final product delivery.
-
Srigee DLM is backward integrated with in-house die design, polymer compounding, and testing facilities, ensuring quality and cost control.
-
It serves multiple industries, home appliances, electrical components, and automotive, reducing dependency on any single sector.
-
The company benefits from supportive policies like ‘Make in India’ and PLI, which promote domestic manufacturing.
-
Continuous investment in advanced machinery and technology helps meet evolving customer needs and enhances product quality.
-
With strong growth prospects in the expanding consumer electronics and appliances market, the IPO will boost brand visibility and attract new investors.
Risks
8-
High dependence on a few key customers poses a risk to revenue stability if any major client is lost.
-
Reliance on limited suppliers may disrupt operations in case of supply issues or raw material cost hikes.
-
The business requires multiple regulatory approvals; non-compliance could affect operations.
-
Past negative cash flows from operations, investments, and financing may impact overall financial health.
-
The company operates in a competitive market, facing pricing pressure and risk of margin erosion.
-
Rapid tech changes demand ongoing investment in machinery to remain competitive.
-
Involvement in legal proceedings, especially tax-related, may lead to liabilities and reputational risk.
-
Sensitive to economic conditions and policy changes, which can impact business performance and growth.
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Srigee DLM IPO FAQs
Srigee DLM IPO is a fixed price issue IPO. It will be open from May 5, 2025, to May 7, 2025.
The Basis of Allotment will happen on Thursday, May 8, 2025.
The IPO subscription window will open on May 5, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.
The listing date for Srigee DLM Limited is Monday, May 12, 2025.
The issue size of the Srigee DLM IPO is up to ₹16.98 crores, consisting of a fresh issue of 17.15 lakh shares.
The open and close dates for Srigee DLM IPO are from May 5, 2025, to May 7, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Srigee DLM ‘s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Srigee DLM IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Srigee DLM Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
