Silkflex Polymers (India) Limited

Company Profile
Company Name Silkflex Polymers (India) Limited
Open Date 07-05-2024
Close Date 10-05-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹52 per share
Issue Size 34,82,000 shares
Application Amount ₹1,04,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Incorporated on May 13, 2016, Silkflex Polymers India Limited has it’s registered office in Howrah, West Bengal. They trade textile printing inks as well as water-based wood coating polymers produced by Silkflex Polymers SDN BHD, a Malaysian brand. The company offers 108 textile printing ink products and 51 wood coating polymer products. It sells products from Silkflex Polymers Sdn. Bhd. Malaysia, the leading manufacturer of garment printing ink in Malaysia. With a state-of-the-art thermal reactor, they have a capacity of 1000 MT per month. As of December 31, 2023, the company has 28 employees on it’s payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 1,314.06 1,968.81 2,374.73 3,446.35
Net Assets 513.51 738.03 816.62 1,073.28
Total Borrowings 612.81 994.50 1,208.31 1,716.18
Total Revenue 2,096.06 2,804.51 3,442.25 3,381.55
Profit After Tax 45.34 68.58 78.60 256.66

Tentative Timeline

Opening Date 07-05-2024
Closing Date 10-05-2024
Basis of Allotment 13-05-2024
Initiation of Refunds 14-05-2024
Credit of Shares to Demat 14-05-2024
Listing Date 15-05-2024

Objects of the Issue

Acquisition of land.
Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries.
Working Capital Requirements.
General Corporate Purposes.

Contact Information

Registered Office Silkflex Polymers (India) Limited Daga Complex Sulati Jaladhulagori Sankrail, Howrah-711302
Phone +91 9674912615

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Retail Shares Offered 50% of the Net Issue
Other Shares Offered 50% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.84%
Share Holding Post Issue (Promoters) 69.89%

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