Durlax Top Surface Limited-SME | Globe Capital Market LTD.
Durlax Top Surface Limited-SME
Closed
Price Band
₹65 to ₹68 per share
IPO Issue Period
June 19, 2024 to June 21, 2024
Issue Size
₹40.80 Cr
Face value
₹10 per share
Fresh issue
₹28.56 Cr
Offer for sale
₹12.24 Cr
Minimum Shares for Retail
2000 Shares
Listing on
NSE SME
Issue Type
Book Built Issue IPO
Registrar to the Issue
Bigshare Services Pvt Ltd
Tentative Listing Date
Wednesday, June 26, 2024
QIB
50%
NII
15%
Retail
35%

Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India. The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets. The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more.

For year/ period ended ( in Lacs.)

H1FY23 FY22 FY21
Total Revenue 9,083.93 6,684.20 4,741.81
Profit After Tax 505.07 209.44 48.42
EPS 4.06 1.75 0.41
OPM (%) 11.83% 11.69% 13.71%
PATM (%) 5.56% 3.14% 1.02%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23

 

 

  • Focusing on multiple end-user industries
  • Wide and diverse range of product offerings
  • Experienced promoters and management team with industry knowledge and an established track record
  • Diversified distribution network across India catering to customers
  • Part finance the working capital requirements;
  • General corporate purposes; and
  • To meet the offer expenses.

The company is in the manufacturing of solid surface materials. Based on FY24 earnings, the issue appears greedily priced. Investors may park moderate funds for the medium term perspective.

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