Srigee DLM IPO: Price And GMP

Srigee DLM IPO- Complete Overview

Srigee DLM IPO under the SME IPO category is a book build issue of Rs. 16.98 Cr by Srigee DLM Limited, established in December 20, 2005, as Srigee Enterprises Private Limited. The company commenced manufacturing of plastic moulded products solely for the consumer durables sector. By the year 2013, it expanded into home appliances, which added sophisticated injection molding equipment to increase its capacity.

It is engaged in design-led manufacturing and assembly services, specifically in plastic molding by injection, toolroom and die manufacturing, mobile phone sub-assembly, and polymer compounding and trading.

Industries like consumer durables, home appliances, automotive components, and even electronics find their reputably manufactured high quality, cost effective, and reliable solutions for OEMs.

Business Verticals:

• Plastic Injection Moulding & Assembly.

• Tool Room & Die Manufacturing.

• Cellular Phone Assembly & Moulding.

• Polymer Compounding & Trading.

Focused on quality, on-time delivery, and cost-effective solutions, the company has developed long-standing ties with OEM leaders such as Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.

It is now setting up a new facility at Ecotech-10, Greater Noida, which is going to be dedicated to being an electronics, electrical assembly, and advanced plastic moulding facility.

Srigee DLM IPO Overview

The Srigee DLM IPO date is on 05 May 2025, and its initial public offering will end on 07 May 2025. 

The Rs. 16.98 crore new SME IPO comprises a fresh issue of 17.15 lac Shares.

This upcoming IPO is available from May 05 to 07 May 2025. Srigee DLM IPO price is Rs. 94 to Rs. 99 for each Share. 

The expected Srigee DLM IPO listing date is May 12, 2025, and listing at the BSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

Cash Flows

(Amount in lac)

 

Segment-wise Revenue Breakdown  

(Rs. in lac)

 

Geography-wise Revenue Breakdown  

(Rs. in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Requirements for working capital.

• Establishing a production plant in Ecotech-X, Plot No. 15, Industrial Area, Greater Noida, Gautam Budh Nagar, UP.

• Purchasing equipment to be installed at the suggested manufacturing site.

• General corporate purposes.

Click to check the IPO application status.

 

 

Peers of Srigee DLM Ltd.

 

Evaluation

The Srigee DLM Limited IPO price is Rs. 94 to Rs. 99 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 7.53 from the last year, the resulting P/E ratio is 13.14x.

Considering the weighted EPS of Rs. 6.52 for the last three years, the P/E ratio is 15.18x.

Explore Arunaya Organics IPO.

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 112.56.

In simple words, the P/E ratio of this IPO (13.14x), compared with the industry’s average P/E of 112.56x, has an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• Good rapport with existing customers, which may lead to larger opportunities in the future.

• Skilled marketing and management teams.

• One-stop solution provider having in-house design and development teams.

• Flexible and economic manufacturing capabilities.

 

IPO’s Weaknesses

• The company has relatively limited experience in manufacturing detergents and related products, which might hinder the assessment of historical performance or future perspectives.

• The performance of the company is greatly driven by the continuing services of senior management, more especially the Promoters. Loss of one of these key managerial resources could very much affect business operations.

• Srigee Industries is present in selected geographical regions of India only, which would restrict it at any given time in dealing with regional risks or effectively expanding to other markets.

 

Srigee DLM IPO GMP

Srigee DLM IPO GMP is Rs. 0 as of 30 Apr 2025. Hence, its estimated listing price is Rs. 99.

IPO Timetable (Tentative)

The Srigee IPO date of subscription is May 05 to May 07, 2025, allotment on May 08, refund initiation on May 09, and listing on May 12, 2025.

 

 

Srigee DLM IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 17,14,800 Shares (Rs. 16.98 Cr).

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs. 1,18,800 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs. 2,37,600.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Srigee DLM Ltd.

• Mr. Shashi Kant Singh.

• Mrs. Suchitra Singh.

 

IPO Lead Managers

• GYR Capital Advisors Private Limited.
  
  

Dividend Policy

The company hasn’t paid a dividend in the last three fiscal years. 

Conclusion

Srigee DLM IPO provides a good investment proposition for the design-oriented manufacturing company with strong OEM partnerships. It has attractive valuations, increased operations in Greater Noida, and steady financial growth, which is a good proposition in the SME segment.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.