Durlax Top Surface Ltd

Durlax Top Surface Ltd IPO

IPO Price Range: ₹65 - 68

We are engaged in the business of manufacturing of solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, Sri Lanka. We operate through two brands namely LUXOR and ASPIRON, which provide a wide range of solid surfaces known for their aesthetics and performance. Our LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON offers Modified Solid Surfaces. Both brands offer seamless designs, anti-bacterial properties, and fire-retardant features, ensuring a comprehensive selection of high-quality solid surfaces.

Min Investment

₹1,36,000

IPO Size

₹40 Cr

IPO Status

Closed

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Durlax Top Surface Ltd

Open Date19 Jun 2024
Close Date21 Jun 2024
Allotment Date24 Jun 2024
Listing Date26 Jun 2024

Key Statistics

Bid Opening DateBid Opening Date19 Jun 2024
Bid Closing DateBid Closing Date21 Jun 2024
Allotment DateAllotment Date24 Jun 2024
Issue SizeIssue Size₹40.8Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • Focusing on multiple end-user industries.

  • Wide and diverse range of product offerings.

  • Experienced promoters and management team with industry knowledge and an established track record.

  • Diversified distribution network across India catering to customers.


Risk

Risk

  • The Company, its Promoters and its Directors are party to certain legal proceedings. Any adverse outcome in such proceedings may have an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

  • The company is dependent on a few customers for a major part of its revenues. Further the company does not enter into long-term arrangements with its customers and any failure to continue its existing arrangements could adversely affect the companys business and results of operations.

  • The company does not have long term agreements with suppliers for its raw materials and an increase in the cost of or a shortfall in the availability of such raw materials could have an adverse effect on its business, results of operations and financial condition.

  • Under-utilization of its production capacities could have an adverse effect on its business, future prospects and future financial performance.

  • The majority of its operative income is derived from the domestic market and any adverse developments in this market could adversely affect its business.

  • The company does not enter into long-term arrangements with its distributors and any failure to continue its existing arrangements could negatively affect its business and results of operations.

  • Its contingent liabilities as stated in its Restated Financial Statements could affect the company financial condition.

  • The company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failure to derive the desired benefits from its product development efforts may impact its competitiveness and profitability.

  • Its Manufacturing Facility is located in vapi, Gujarat and therefore, any localized social unrest, natural disaster or breakdown of services or any other natural disaster in Gujarat or any disruption in production at, or shutdown of, its manufacturing unit could have material adverse effect on its business and financial condition.

  • The company has not received consents and information pertaining to certain Promoter Group members which are required to be disclose in relation to the promoter Group in the Draft Red Herring Prospectus. Therefore, the disclosure made in the DRHP are limited to the information available in the public domain.

Promoters Holding

Investors Holdings %
Shravan Suthar66.8%
Lalit Suthar14.59%

About Durlax Top Surface Ltd

OrganisationDurlax Top Surface Ltd
HeadquartersMumbai
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Durlax Top Surface Ltd IPO?

    The size of the Durlax Top Surface Ltd IPO is ₹40.8Cr .

  • What is 'pre-apply' for Durlax Top Surface Ltd IPO?

    'Pre-apply' for Durlax Top Surface Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Durlax Top Surface Ltd IPO order be placed?

    Your Durlax Top Surface Ltd IPO order will be placed on 19 Jun 2024.

  • What are the open and close dates of the Durlax Top Surface Ltd IPO?

    The open and close dates of the Durlax Top Surface Ltd IPO are 19 Jun 2024 to 21 Jun 2024.

  • What is the lot size and minimum order quantity of the Durlax Top Surface Ltd IPO?

    The lot size and minimum order quantity of the Durlax Top Surface Ltd IPO are 2000 and 2000 respectively.

  • What would be the listing gains on the Durlax Top Surface Ltd IPO?

    The potential listing gains on the Durlax Top Surface Ltd IPO will depend on various market factors and cannot be predicted with certainty.