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Durlax Top Surface IPO
Durlax Top Surface Limited
Durlax Top Surface IPO Details
Durlax Top Surface Limited is coming up with an IPO to raise Rs. 40.80 crores. The IPO will open on 19 June 2024 with a price band of Rs.65 to 68 per share and will close on 21 June 2024. The offer is a combination of a fresh issue of 42 lakh shares aggregating to Rs. 28.56 crores and an offer for sale of 18 lakh shares aggregating to Rs. 12.24 crores.
Funds Utilization
The funds acquired through the IPO will be utilized for the following purposes:
Fresh issue:
Part finance the working capital requirements, general corporate purposes, and to meet the offer expenses.
Offer for Sale:
The promoter selling shareholder will receive the proceeds after deducting offer-related expenses. The company will not receive any proceeds from the offer for sale.
Company Business
The company operates its business in the manufacturing industry under two brands, ASPIRON and LUXOR
The products/services offered are:
ASPIRON®:
A solid surface made with a mixture of polyester resin, aluminium trihydrate powder, and certain adhesives, suitable for residential and commercial applications such as hotels, healthcare facilities, retail spaces, and marine settings. It offers over 60 colors and can be carved, routed, molded, thermoformed, or inlaid.
LUXOR®:
Acrylic UV solid surface made with a mixture of mono methyl amine, PVC methyl amine, aluminium trihydrate powder, and certain adhesives, suitable for a wide range of design applications both indoors and outdoors in residential, commercial, and office settings.
Durlax Top Surface Strengths
- Led by experienced promoters and a management team with deep industry expertise and a proven track record
- Operating a widespread distribution network across India
- Serves diverse customer segments
- Emphasizing multiple end-user industries as key focus areas
- Broad and varied range of product offerings
Durlax Top Surface Weaknesses
- Dependency on a few customers for significant revenue without long-term agreements
- Lack of long-term agreements with suppliers for raw materials
- Reliance on domestic market
- Absence of long-term arrangements with distributo
- Legal proceedings
Durlax Top Surface Revenue & Profit
+0.474 | +0.005 |
+0.668 | +0.021 |
+0.908 | +0.050 |
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Durlax Top Surface IPO Dates
| Open Date | 19 June , 2024 |
| Close Date | 21 June , 2024 |
| Allotment Date | 24 June , 2024 |
| Initiation of Refunds | 25 June 2024 |
| Credit of Shares to Demat Account | 25 June 2024 |
| Listing Date | 26 June 2024 |
Durlax Top Surface IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | 1 |
Seize the Opportunity! Apply for Durlax Top Surface IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Durlax Top Surface IPO Subscription Breakup
| QIBs | 50% |
| Non Institutional Investors | 35% |
| Retail Investors | 15% |
How to Apply for Durlax Top Surface IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Durlax Top Surface IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Durlax Top Surface IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.