BSE SME Srigee DLM ignites on listing day
The scrip was listed at Rs 188.10, a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit over its listing price.
The counter hit a high of Rs 197.50 and a low of Rs 188.10. About 7.32 lakh shares of the company changed hands at the counter.
Srigee DLM's IPO was subscribed 456.80 times. The issue opened for bidding on 5 May 2025 and it closed on 7 May 2025. The price of the IPO was set at Rs 94 to 99 per share.
The IPO comprised fresh issue of 12,30 000 equity shares. The company intends to utilize the net proceeds to setup manufacturing facility in Greater Noida, Uttar Pradesh, to acquire machineries for proposed manufacturing facility and general corporate purposes.
Ahead of the Srigee DLM on 2 May 2025, raised Rs 4.79 crore from anchor investors. The board has allotted 4.84 lakh shares at Rs 99 per share to 2 anchor investors.
Srigee DLM offers comprehensive end to end plastic manufacturing solutions, with a focus on design-driven production that optimizes functionality and manufacturability. It offers customer comprehensive solutions all under one roof. The company classify its business into four segments, plastic injection moulding & assembly, tool room and die manufacturing, moulding, and polymer compounding and trading. As on 31st January 2025, the company has 61 permanent employees.
The company recorded revenue from operations of Rs 54.34 crore and net profit of Rs 3.77 crore for the period ended 31 December 2024.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
22 minutes ago
- Indian Express
Unclaimed money with Indian banks rises to Rs 67,000 crore, SBI with 29% of all such deposits
The quantum of unclaimed deposits with Indian banks stood at Rs 67,003 crore as at the end of the June quarter, with State Bank of India (SBI) accounting for 29 per cent of all such deposits, the Finance Ministry told Parliament on Monday. According to data shared by Minister of State for Finance Pankaj Chaudhary in response to a question in the Lok Sabha, 87 per cent of all unclaimed deposits were with public sector banks. Of the total unclaimed deposits of Rs 58,330.26 crore with state-owned lenders, Rs 19,329.92 crore was with SBI. The other public sector banks with sizeable chunks of unclaimed deposits include Punjab National Bank (Rs 6,910.67 crore), Canara Bank (Rs 6,278.14 crore), Bank of Baroda (Rs 5,277.36 crore), and Union Bank of India (Rs 5,104.50 crore). Private banks, on the other hand, held unclaimed deposits of Rs 8,673.72 crore, with ICICI Bank in possession of the most, at Rs 2,063.45 crore. Money in savings and current accounts that have not been operated for 10 years or term deposits not claimed within 10 years from the date of maturity are called unclaimed deposits. These funds are, after the expiry of the 10-year threshold, moved to the Depositor Education and Awareness Fund maintained by the Reserve Bank of India (RBI). In a separate Parliament question in March, data from the Finance Ministry had shown that the amounts of unclaimed deposits rose sharply starting 2022-23. In the previous three years, the annual additions to the Depositor Education and Awareness Fund were slightly more than Rs 4,500 crore on average. However, in 2022-23, this almost tripled to Rs 12,254.29 crore before edging down slightly to Rs 11,794.17 crore in 2023-24. The pace was somewhat maintained in the first nine months of 2024-25, with Rs 7,946.49 crore being transferred to the Depositor Education and Awareness Fund. Seemingly in response to the rise in unclaimed deposits, the RBI had in June 2023 started a '100 Days 100 Pays' campaign for banks to trace and settle the 100 largest unclaimed deposits of every bank in every district of the country within 100 days. Subsequently, in August 2023, the Indian central bank had announced the development of a web portal to allow depositors to search across multiple banks for any unclaimed deposits. The portal, called UDGAM – Unclaimed Deposits- Gateway to Access Information – had more than 8.5 lakh registered users as on July 1, Chaudhary said on Monday. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More
Deccan Herald
22 minutes ago
- Deccan Herald
Odisha food supply minister duped of Rs 25 lakh in land fraud case
When he was a director in a company, the minister had given Rs 25 lakh to a man from Dhenkanal Sadar area to arrange a plot of land, a police officer said.
Time of India
33 minutes ago
- Time of India
LuLu Group allotted land in Vizag, Vijayawada
Vijayawada: The state govt has allotted land to LuLu Group in Vijayawada and for setting up of mega shopping malls. The land was allotted through Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on lease basis for a period of 99 years. Tired of too many ads? go ad free now The govt also allocated 532 acres to Laurus Labs for a pharma park. Laurus Labs informed the bourses that it has been allotted land at Rambilli Phase-II in Anakapalli district for the setting up of Laurus Pharma Zone that will house manufacturing units for pharma products. The company plans to invest Rs 5,630 crore in the project that is slated to provide employment to 6,350 people in three phases over an eight-year period. LuLu Group earlier expressed interest in setting up a mall in Visakhapatnam and the land was allotted to it by the previous TDP govt. However, the land allotment was cancelled by the subsequent YSRCP govt. LuLu has been given the same land where the original proposal was made to construct the mall. The 13.74 acres allotted to LuLu along the beach road will see the construction of a mega shopping mall in a 13.5 lakh sq ft built-up space. The project has been recognised as a special project with three-year lease exemption and land allotment will be done as per the state's tourism policy. The govt has directed the revenue dept and APIIC to resolve all court cases. In Vijayawada, 4.15 acres of land available with Andhra Pradesh State Road Transport Corporation (APSRTC) at old bus station has been allocated to LuLu Group for the construction of an integrated shopping mall with 2.23 lakh sq ft built-up space. Tired of too many ads? go ad free now The govt has directed the NTR district collector to look for alternative lands to relocate APSRTC installations and to compensate the corporation with the land that it is losing. Left parties and worker unions are opposing this move as it was in prime location. LuLu Group chairman MA Yousuff Ali said the mega shopping mall will generate over 7,000 jobs and contribute significantly to the economic development of North Andhra region. Meanwhile, retired IAS officer EAS Sharma has written a letter to chief secretary K Vijayanand, stating that allotting valuable land at low price to a private company is against the law and Supreme Court orders. He also claimed the land allotted to LuLu Group comes under CRZ limits. "The govt should not allot lands to private companies at its will. It should take 10% above the market rate if the land is to be allotted for the benefit of the public. The allotment should be investigated by the CBI," Sarma demanded.
