Srigee DLM IPO

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 opens 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 to ₹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

1. The Indian consumer electronics and appliances market is expected to nearly double in value from US$ 9.84 billion in 2021 to over US$ 21.18 billion by 2025, driven by increasing consumer awareness, higher disposable incomes, and rapid technological advancements.
2. Growth is fueled by rising disposable incomes, urbanization, technological advancements, and supportive government policies like the 'Make in India' campaign and Production-Linked Incentive (PLI) schemes.
3. The Original Design Manufacturer (ODM) model is gaining prominence, allowing brands to reduce production costs and enhance time-to-market efficiency. The Indian ODM market is estimated at INR 420 billion for FY25, dominated by the television segment.
4. The industry faces challenges such as infrastructure bottlenecks and skilled labor shortages but offers opportunities through rising domestic consumption, export potential, and supportive government initiatives. 

Srigee DLM IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. 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.
2. A portion of the proceeds will be allocated towards acquiring new machinery for the proposed manufacturing facility, ensuring efficient and high-quality production.
3. Remaining funds will be utilized for general corporate purposes, including operational expenses, strategic initiatives, and unforeseen contingencies.
4. 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 was subsequently converted into a public limited company on October 10, 2023, and renamed Srigee DLM Limited.

The company offers comprehensive end-to-end plastic manufacturing solutions, focusing on design-driven production that optimizes functionality and manufacturability. This approach caters to both OEM and ODM clients. For OEMs, Srigee DLM efficiently transforms plastic-based prototypes, such as those for consumer electronics or automotive parts, into high-quality, production-ready components. For ODMs, the company partners from initial concept to finished product, leveraging expertise in material selection, extrusion, mold making, precision injection molding, and final assembly.

Srigee DLM specializes in the design-led manufacturing of plastic components mainly for major home appliance companies in the white goods segment, electrical components, and automotive components through plastic injection molding and assembly. Over time, the company has become a backward integrated entity with in-house die design and testing, polymer compounding, and assembly lines, offering comprehensive solutions under one roof.

The company's operations are supported by its manufacturing facilities located in Greater Noida, Uttar Pradesh. Through this IPO, Srigee DLM aims to fund its capital expenditure requirements, including setting up a new manufacturing facility and acquiring machinery, as well as general corporate purposes. The listing of equity shares is expected to enhance brand visibility, improve credibility with customers, and create a public market for the 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:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Srigee DLM IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Srigee DLM IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.