Srigee DLM IPO is a bookbuilding of Rs 16.98 crores. The issue is entirely a fresh issue of 17.15 lakh shares.
Srigee DLM IPO bidding opened for subscription on May 5, 2025 and will close on May 7, 2025. The allotment for the Srigee DLM IPO is expected to be finalized on Thursday, May 8, 2025. Srigee DLM IPO will be list on BSE SME with a tentative listing date fixed as Monday, May 12, 2025.
Srigee DLM IPO price band is set at ₹94 to ₹99 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,12,800. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,18,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,37,600.
Incorporated on December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited initially began operations with plastic mouldings for consumer durables. By 2013, the company had diversified into home appliance mouldings and expanded its manufacturing capacity by adding advanced injection molding machines.
Today, Srigee DLM Private Limited offers design-led manufacturing and assembly services, specializing in plastic injection moulding, tool room and die manufacturing, mobile phone sub-assembly, as well as polymer compounding and trading. The company serves a wide range of industries, including consumer durables, home appliances, automotive components, and electronics, providing high-quality, cost-effective, and reliable solutions to leading OEMs.
Its core business verticals include Plastic Injection Moulding & Assembly, Tool Room & Die Manufacturing, Cellular Phone Assembly & Moulding, and Polymer Compounding & Trading. With a strong focus on quality, timely delivery, and efficiency, Srigee DLM has built long-standing relationships with prominent clients such as Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.
To support its continued growth, the company is expanding with a new facility at Ecotech-10, Greater Noida, dedicated to electronics, electrical assembly, and advanced plastic moulding operations.
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.