Srigee DLM IPO: Check GMP, price band, issue size and other details
Srigee DLM IPO price band
Live Events
Srigee DLM IPO: Check GMP on Day 1
About Srigee DLM
Financials
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Srigee DLM is set to launch its initial public offering (IPO) on May 5, 2025, aiming to raise Rs 16.98 crore through a fresh issue of 17.15 lakh shares. The IPO will close on May 7. Srigee DLM raised Rs 4.8 crore from anchor investors, with a total allotment of 4.84 lakh shares.The company plans to use the IPO proceeds to set up a new manufacturing facility in Greater Noida (Ecotech-10) and acquire advanced machinery. These expansion efforts are aimed at improving product diversity, cost efficiency, and delivery timelines, especially in high-margin segments like electronics and electrical assemblies.The issue is being managed by GYR Capital Advisors, while Bigshare Services is the registrar. Globalworth Securities is the market maker.The allotment is expected to be finalized on May 8, with shares credited to demat accounts by May 9. The company is likely to list on the BSE SME platform on May 12.The company has set a price band of Rs 94 to Rs 99 per share, with a minimum lot size of 1,200 shares, requiring a retail investment of Rs 1.18 lakh at the upper end.The Grey Market Premium (GMP) for Srigee DLM IPO is yet to be reported, but investor interest is expected to build given the company's manufacturing focus and expansion plans.Srigee DLM is a design-led manufacturing company engaged in plastic injection moulding, tool and die manufacturing, mobile phone sub-assembly, and polymer trading. It supplies to top OEMs across consumer durables, automotive, and electronics sectors.Srigee DLM has posted steady growth in both top and bottom lines. For FY24, revenue stood at Rs 54.65 crore, and net profit rose to Rs 3.1 crore. For the nine-month period ending December 2024, PAT improved further to Rs 3.77 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
S Jaishankar welcomes Belgium's support and solidarity in combatting terrorism
BRUSSELS: External affairs minister began his visit to Belgium on Monday with a meeting with deputy prime minister and foreign minister Maxime Prevot. The discussions focused on enhancing bilateral cooperation and combating terrorism. Tired of too many ads? go ad free now He appreciated Belgium's support in combating terrorism and welcomed their solidarity and emphasised the strong momentum in the India-EU partnership, highlighting the potential for collaboration in clean energy, mobility, and pharmaceuticals. The two leaders discussed deepening cooperation in areas such as trade, investment, technology, defense, and security. Sharing the details in a post on X on Monday, EAM said, "Pleased to meet DPM & FM @prevotmaxime at the start of my visit to Belgium. Welcomed Belgium's support and solidarity in combatting terrorism. Appreciated the strong momentum of our bilateral engagement and the India - EU partnership. Also held wide - ranging discussions on deepening our cooperation including in trade, investment, technology, defence & security, pharmaceuticals, clean energy and mobility. " Jaishankar's visit to Brussels comes three months after Princess Astrid of Belgium led a 300-member economic mission to India. The recent visit by Princess Astrid, who met with Prime Minister Narendra Modi and Jaishankar, discussed key areas such as labor migration, pharmaceuticals, defense, diamonds, space exploration, and green energy. Interestingly, Jaishankar's visit coincides with the detention of fugitive Indian diamantaire Mehul Choksi in a Belgian jail. Choksi, accused of defrauding Punjab National Bank of Rs 13,850 crore, was arrested in mid-April on India's extradition request. Tired of too many ads? go ad free now India has an extradition treaty with Belgium, and the government is likely to pursue Choksi's extradition during the EAM's visit. Jaishankar is on an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. The EAM will hold a Strategic Dialogue with the EU High Representative and Vice President Kaja Kallas. According to the MEA press release, "India-European Union strategic partnership has strengthened over the years across diverse sectors and got a big boost with the first-ever visit of the EU College of Commissioners to India in February this year." Jaishankar will also meet senior leadership from the European Commission and European Parliament and interact with think tanks and media. MEA in its statement noted that the Belgium leg would also see the EAM meet members of the Indian community during his visit. The MEA highlighted, "India and Belgium share warm and friendly relations along with a very robust economic partnership. Today the collaboration between the two countries spans various domains like trade and investment, green energy, technology, pharmaceutical, diamond sector and strong people-to-people ties." The Ministry of External Affairs emphasized that the visit is expected to further deepen India's friendly relations with the European Union, France and Belgium and give renewed momentum to ongoing cooperation in diverse areas.
India.com
35 minutes ago
- India.com
Meet QRSAM – India's Strongest Rs 30,000 Cr Missile Wall That Will Crush Pakistan's Drones, Block China's Jets
New Delhi: India is set to bring home a deadly new shield, the Quick Reaction Surface-to-Air Missile (QRSAM) system, in a deal worth Rs 30,000 crore. It is fast and smart. And it kills moving threats in seconds. It is a mobile missile defence system designed to track and destroy enemy aircraft and drones in real-time. It reacts quickly, locks onto fast-moving targets and takes them out in a flash. This new system will be deployed near the Pakistan and China borders. Three full regiments will protect the skies. Sources say the Ministry of Defence is ready to seal the deal with the DRDO. The QRSAM is a beast in battle. It can track enemy aircraft from 120 km away. It can lock onto threats from 80 km. And it does not wait. It finds. It fires. It finishes. It works in the day. It works at night. It can move from place to place. And most importantly, it takes down moving targets at short notice. The QRSAM will strengthen India's short-to-medium range air defence, support systems like MRSAM and Akash and fill the gaps by intercepting threats that sneak in under radar coverage. With a range of 30 km, it will team up with India's other missiles such as MRSAM and Akash to trap anything that tries to enter Indian airspace. A top-level meeting is expected later this month. Sources say QRSAM could soon be inducted into the armed forces. After May's Conflict, India Moves Fast From May 7 to 10, India and Pakistan clashed in a shadow war. Pakistan fired Chinese missiles. It sent Israeli drones. But none could breach India's air shield. Akashteer, S-400 and Iron Drone systems struck them down mid-air. Not a single missile made it to its target. Akashteer became the unexpected hero. It is powered by artificial intelligence. It controls all ground air-defence systems through one brain. It connects radars, sensors and comms in real time. That edge saved lives. Difference between QRSAM and S-400 S-400 is a long-range defence system with a reach of up to 400 km. The QRSAM is for short-range and fast-reaction strikes within 30 km. While S-400 locks onto threats from far away, the QRSAM is designed to handle close-in, sudden threats like low-flying jets and drones. S-400 is the king of India's air defence. It blocks enemy missiles, rockets, drones and fighter jets. Russia made it. India bought five units in 2018 for Rs 40,000 crore. Each unit is mobile. It can move fast. Its radar sees targets from 600 km away. Within minutes, it is ready to fire. It can track 160 targets at once and launch two missiles per threat. The version India has hits from 400 km away. It can also strike threats 30 km above the ground. That makes it one of the world's most advanced defence systems. With QRSAM joining forces with Akash, S-400 and Iron Dome-style defences, India is building an air wall no missile can cross.
Time of India
35 minutes ago
- Time of India
Transport dept nets over 13% growth in revenue over last fiscal year
Lucknow: The transport department of UP recorded an increase of over Rs 240 crore revenue in the first two months of the current financial year. During April-May 2025, the department collected a total of Rs 2,083.6 crore in revenue, compared to Rs 1,842.1 crore in the same period last year — a gain of Rs 241.5 crore, marking a 13.1% increase. Tired of too many ads? go ad free now In May 2025 alone, revenue stood at Rs 1,040.5 crore, which is around Rs 128 crore more than May 2024 — a 14% increase. In May 2025, 3,62,134 non-transport vehicles were registered compared to 2,92,331 in May 2024 — an increase of 69,803 vehicles, or 23.9%. Two-wheeler registrations rose by 26.9% (an increase of 67,225 vehicles). In May 2025, 40,311 transport vehicles were registered, compared to 36,686 in May 2024 — an increase of 3,625 vehicles, or over 9.9%. The e-cart segment recorded an exceptional 65.1% growth (from 2,381 to 3,932). Furthermore, 50,626 electric vehicles were registered in Apr-May 2025, indicating an estimated 35% growth over the previous year. Major contributors include e-rickshaws (23,277), two-wheelers (10,845) and passenger three-wheelers (7,745). Additionally, 3,664 electric cars were registered in just two months — a rise of approximately 11.8%. The total number of on-road vehicles in the state increased from 4.9 crore in Mar 2025 to over 5 crore by May 31, 2025, adding over 7 lakh vehicles in just two months. This represents a 1.6% growth in Apr-May alone, with the annual growth rate projected to exceed 9% by year-end. Transport commissioner Brajesh Narain Singh said, "The department is steadily progressing in revenue growth, service quality and public satisfaction. Tired of too many ads? go ad free now If this momentum continues, we expect to exceed Rs 14,000 crore in revenue, register 3.5-4 lakh electric vehicles, and cross 5.35 crore total on-road vehicles by the end of the financial year." Other positive indicators include over 90% of tax and vehicle-related revenue being collected through online platforms, reflecting strong digital adoption and transparency. Driving licence fee collections for May alone stood at Rs 29.5 crore, confirming that licensing services have become faster and more automated, officials said.
