IPO Synopsis
| Durlax Top Surface Ltd |
|---|
| Registered Office: 301 Jaisingh Commonspace Dayal,Das.Rd FP362 WE H.W Vile Parle,Mumbai-400057, Maharashtra |
| Tel. No: +91-75067 99831 |
| Fax No: NA |
| Email: cs@durlaxindia.com |
| Website: www.durlax.com |
| Initial public offer of 60,00,000** equity shares of face value of Rs. 10/- each ("Equity Shares") of Durlax Top Surface Limited ("Company") for cash at a price of Rs. 68/- per equity share (including a share premium of Rs. 58/- per equity share) ("Offer Price") aggregating to Rs. 40.80.** crores comprising a fresh issue of 42,00,000** equity shares aggregating to Rs. 28.56** crores by the company ("Fresh Issue") and an offer for sale of 18,00,000** equity shares aggregating to Rs. 12.24** crores by the promoter selling shareholder, (the "Offered Shares") (the "Offer for Sale" and together with the fresh issue, the "Offer") of which 3,00,000** equity shares aggregating to Rs. 2.04** crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer, less market maker reservation, i.e. net offer 57,00,000** equity shares of face value of Rs. 10/- each at price of Rs. 68/- per equity share aggregating to Rs. 38.76** crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 36.08% and 34.28% respectively of the fully-diluted post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The offer price is 6.8 times the face value of the equity shares. **Subject to finalization of the basis of allotment. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 19-Jun-2024 | 21-Jun-2024 | ₹68.00 - 0.00 | |
| Minimum Application for shares in Nos : 2000.0 | Further Multiples of :2000.0 |
|---|
| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 23.50 | Expert Global Consultants Pvt Ltd |
| Project Financed through Current Offer | 40.80 | |
| Post Issue Equity Share Capital | 16.63 | |
| Issue Price | 68.00 |
| Projects |
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| Part Finance to meet the working capital requirements |
| General corporate purposes |
| Promoted By |
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| Shravan Suthar |
| Lalit Suthar |
| Listing At |
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| NSE - SME |
| Registrar To The Issue |
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