Durlax Top Surface IPO booked over 5 times on day 1; check latest GMP, subscription status, more
₹65 to ₹68 per equity share, having a face value of ₹10.The firm manufactures solid surface materials, which are distributed throughout India via a large distribution network of distributors and direct clients, as well as exported to countries such as Dubai, Bahrain, Greece, and Nepal. The firm operates under two names, LUXOR and ASPIRON, which provide a wide variety of solid surfaces.
The company's LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON provides Modified Solid Surfaces.Also Read: GP Eco Solutions IPO: Issue subscribed over 600 times so far on last day; Check GMP, other key details of SME IPOTheir production plant in Vapi is equipped with German and South Korean technology as well as innovative gear for producing solid surface materials.The company's listed peers are Kaka Industries Ltd (with a P/E of 17.53), Dhabriya Plywood Ltd (with a P/E of 23.79), and Pokarna Ltd. Durlax Top Surface Limited's revenue gained by 35.9%, while profit after tax (PAT) increased by 141.15% during the fiscal years ending March 31, 2024 and March 31, 2023.Durlax Top Surface IPO subscription status is 5.72 times, on day 1, so far.The retail portion was subscribed 9.94 times, and NII portion was booked 4.95 times.
Qualified Institutional Buyers was booked 2.28 times.The company has received bids for 2,92,32,000 shares against 51,08,000 shares on offer, at 16:35 IST, according to data on chittorgarh.com.Also Read: Sylvan Plyboard IPO price band set at ₹55 per share; issue to open on June 24The Durlax Top Surface IPO, worth ₹40.80 crore, consists of a fresh issuance of 4,200,000 equity shares at face value of ₹10. Through offer-for-sale component, the promoter selling shareholder, Shravan Suthar will offload 1,800,000 equity
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