Srigee DLM IPO Date, Price, GMP, Review Details; 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 opens for subscription on May 5, 2025 and closes 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.
Srigee DLM IPO Date, Price, GMP, Review Details
| IPO Date | May 5, 2025 to May 7, 2025 |
| Listing Date | [To be announced] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹94 to ₹99 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 17,14,800 shares (₹16.98 Cr) |
| Fresh Issue | 17,14,800 shares (₹16.98 Cr) |
| Issue Type | Book Building IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 42,58,800 shares |
| Post-Issue Shareholding | 59,73,600 shares |
| Market Maker Portion | 86,400 shares |
About Srigee DLM
Founded on December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited has evolved into a comprehensive design-led manufacturing and assembly services provider. Initially focused on plastic moulding for consumer durables, the company took significant steps toward expansion by 2013, diversifying into home appliance mouldings and significantly upgrading its production capabilities with the installation of advanced injection moulding machinery.
Srigee DLM has grown into a multifaceted enterprise that offers integrated manufacturing solutions. Its core services include plastic injection moulding, tool room and die manufacturing, sub-assembly of mobile phones, and polymer compounding and trading. These capabilities enable the company to cater effectively to a wide array of industries, including consumer durables, home appliances, automotive components, and electronics.
By delivering reliable, cost-effective, and quality-driven manufacturing services, Srigee DLM has positioned itself as a trusted partner to original equipment manufacturers (OEMs). Its client portfolio features well-established brands such as Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises, highlighting the company’s proven ability to build and maintain long-term business relationships.
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Business Verticals
Srigee DLM operates across the following specialized verticals:
- Plastic Injection Moulding and Assembly: The company provides end-to-end plastic manufacturing solutions using high-quality materials and precision moulding processes.
- Tool Room and Die Manufacturing: In-house tool room capabilities allow for custom tooling and die development, ensuring control over production timelines and quality.
- Mobile Phone Assembly and Moulding: The firm offers sub-assembly services for mobile devices, which includes both mechanical and plastic component integration.
- Polymer Compounding and Trading: This division focuses on developing customized polymer solutions and facilitating the trading of raw materials for industrial use.
Srigee DLM IPO Lot Size and Investment Details
The lot size for the Srigee DLM IPO has been set at 1,200 shares, and investors can apply in multiples of this lot. This structure allows both retail investors and high-net-worth individuals (HNIs) to participate in the offering as per their financial capacity. Retail investors are permitted to submit only one lot, while HNIs must apply for a minimum of two lots or more.
| Application Type | No. of Lots | Total Shares | Total Investment (Approx.) |
|---|---|---|---|
| Retail (Minimum) | 1 Lot | 1,200 Shares | ₹1,18,800 |
| Retail (Maximum) | 1 Lot | 1,200 Shares | ₹1,18,800 |
| HNI (Minimum) | 2 Lots | 2,400 Shares | ₹2,37,600 |
Srigee DLM IPO GMP Live Rates – Daily Grey Market Premium Trends
The Grey Market Premium (GMP) is an informal indicator of investor sentiment and the likely listing performance of an IPO. Below is the day-by-day update of the Srigee DLM IPO GMP, along with the Subject to Sauda and Kostak rates. This data helps retail and HNI investors track interest levels and pricing expectations before the listing.
| Date | IPO GMP (₹) | GMP Trend | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|---|
| 3 May 2025 | ₹10 | IPO GMP UP | ₹– | ₹10,000 |
| 2 May 2025 | ₹10 | IPO GMP UP | ₹– | ₹10,000 |
| 1 May 2025 | ₹8 | IPO GMP UP | ₹– | ₹7,300 |
| 30 Apr 2025 | ₹– | – | ₹– | ₹– |
| 29 Apr 2025 | ₹– | – | ₹– | ₹– |
| 28 Apr 2025 | ₹– | – | ₹– | ₹– |
Key Points:
- The GMP increased from ₹8 to ₹10 between May 1 and May 3, 2025, indicating growing demand for the IPO in the grey market.
- The Subject to Sauda rate rose to ₹10,000, reflecting strong confidence in listing gains.
- Kostak rates remain unavailable, suggesting limited large-scale retail applications being sold in the grey market.
Note: GMP and grey market activity are unofficial and speculative. They should not be the sole basis for investment decisions but can be considered as one of many indicators.
Srigee DLM Limited Financial Performance (Restated) – Detailed Analysis
The financial performance of Srigee DLM Limited has demonstrated consistent growth across key indicators such as revenue, profitability, and net worth. This reflects the company’s strong operational efficiency and market expansion strategy. Below is a summary of Srigee DLM’s restated financial information for the years ending March 31, 2022, through December 31, 2024.
| Financial Year Ended | Total Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Reserves & Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|
| 31 Dec 2024 | 32.02 | 54.47 | 3.77 | 18.46 | 14.20 | 2.83 |
| 31 Mar 2024 | 24.99 | 54.65 | 3.10 | 14.68 | 10.30 | 2.27 |
| 31 Mar 2023 | 19.89 | 47.25 | 2.81 | 10.60 | 8.79 | 2.51 |
| 31 Mar 2022 | 16.23 | 33.04 | 1.13 | 7.79 | 5.97 | 3.71 |
Key Financial Highlights:
- Revenue Growth: Srigee DLM’s revenue increased from ₹33.04 crore in FY22 to ₹54.47 crore for the period ending December 31, 2024, demonstrating robust top-line growth.
- Profitability: The company’s Profit After Tax (PAT) rose significantly from ₹1.13 crore in FY22 to ₹3.77 crore in Dec 2024, showing a CAGR-driven improvement in profit margins.
- Net Worth Expansion: Net worth has more than doubled from ₹7.79 crore in FY22 to ₹18.46 crore as of Dec 2024, backed by retained earnings and reserves.
- Low Borrowing: Total borrowing declined from ₹3.71 crore in FY22 to ₹2.83 crore as of Dec 2024, indicating prudent financial management and reduced dependency on debt.
Srigee DLM IPO Key Performance Indicators (KPI) – Financial Ratios & Market Valuation
Before investing in any IPO, understanding the company’s financial ratios and valuation metrics is essential. Below is a snapshot of Srigee DLM Limited’s key performance indicators as of March 31, 2024. These metrics provide insight into the company’s profitability, efficiency, and overall financial health.
| KPI | Values |
|---|---|
| Market Capitalization | ₹59.14 Crore |
| Return on Equity (ROE) | 24.49% |
| Return on Capital Employed (ROCE) | 25.80% |
| Debt-to-Equity Ratio | 0.15 |
| Return on Net Worth (RoNW) | 20.44% |
| PAT Margin | 5.69% |
| Price to Book Value (P/BV) | 2.90 |
KPI Analysis:
- ROE of 24.49% indicates efficient use of shareholders’ equity to generate profit.
- ROCE of 25.80% suggests strong capital efficiency and management effectiveness.
- A low debt-to-equity ratio of 0.15 reflects a conservative capital structure, reducing financial risk.
- RoNW of 20.44% shows consistent return delivery on net invested funds.
- The PAT margin of 5.69% demonstrates a healthy bottom-line contribution from revenues.
- With a P/B ratio of 2.90, the stock appears reasonably valued relative to its book value for an SME player.
Conclusion
Srigee DLM Limited’s IPO offers a glimpse into a well-positioned company operating in the design-led manufacturing and assembly services space. With consistent revenue growth, a solid profit track record, and low debt levels, the company demonstrates financial discipline and operational strength. Its strong return ratios—ROE, ROCE, and RoNW—highlight its efficient use of capital and earnings potential. Moreover, strategic expansion in Greater Noida and partnerships with established OEMs further enhance its growth prospects. For retail and HNI investors seeking exposure to a quality SME with an integrated business model and cost-effective manufacturing capabilities, Srigee DLM’s IPO could be a compelling opportunity.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors are advised to read the Red Herring Prospectus (RHP) carefully before making any investment decision. The stock market is subject to risks, and past performance is not indicative of future results. Please consult a SEBI-registered financial advisor before investing in any IPO.
