Srigee DLM IPO: Check GMP, price band, issue size and other details
Srigee DLM IPO price band
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Srigee DLM IPO: Check GMP on Day 1
About Srigee DLM
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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)
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