Durlax Top Surface IPO Details
| IPO Size | 40.80 |
| Price Range | ₹65 to ₹68 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹136,000 |
| Pre IPO Promotor Holding | 95.71% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Durlax Top Surface IPO Timelines
19/06/2024
Start Date21/06/2024
End Date25/06/2024
Refund Initiation25/06/2024
Credit of Shares to Demat Ac26/06/2024
Listing DateDurlax Top Surface IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹136,000 |
| Retail Maximum | 1 | 2000 | ₹136,000 |
| S-HNI Minimum | 2 | 4000 | ₹272,000 |
Durlax Top Surface IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 48.29 x | 415.06 x | 193.95 x | -- | 166.79 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹109 | ₹103.55 | ₹109 | ₹103.55 |
Durlax Top Surface IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹19.74 | ₹19.66 | ₹-0.26 |
| FY 2022 | ₹47.42 | ₹46.19 | ₹0.81 |
| FY 2023 | ₹66.84 | ₹63.97 | ₹2.63 |
About Company
Durlax Top Surface Limited, originally incorporated as Durlax Archtech Private Limited on May 3, 2010, is a prominent manufacturer of solid surface materials. The company operates from Vapi with a state-of-the-art facility employing German and South Korean technologies.
They offer their products under two brands: LUXOR® and ASPIRON®. LUXOR® specialises in Acrylic UV Solid Surfaces, while ASPIRON® provides modified solid surfaces. Both brands are celebrated for their aesthetic appeal, seamless designs, and functional properties like antibacterial and fire-retardant features.
The company’s products are distributed across India through a robust network of distributors and direct customers and are also exported to various countries, including Dubai, Qatar, Greece, and Sri Lanka.
Durlax Top Surface Limited caters to a wide range of residential, commercial, hospitality, healthcare, and more sectors, offering solutions for countertops, vanities, office spaces, retail environments, hotels, hospitals, and outdoor projects.
The founders, Shravan Suthar and Lalit Suthar, both certified interior designers, bring extensive expertise to the firm. Together, they drive the company’s mission to fulfill the evolving demands of their customers and enhance various living and professional spaces.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2010 | Construction | Shravan Suthar |
Know Before Investing
Durlax Top Surface IPO Strengths
- Offering over 100 shades and thicknesses from 4 mm to 20 mm.
- Strong presence in Indian and international markets like Dubai, USA, and Thailand.
- Wide and diverse product portfolio enhances cross-selling opportunities.
- Experienced promoters with 20 years of industry knowledge and growth leadership.
- Strategic distribution network across India with over 20 distributors.
- Significant sales to distributors, accounting for 67.12% of total sales in FY 2023.
Durlax Top Surface IPO Risks
- Top 10 customers contribute 71.24% of revenue, posing a concentration risk.
- No long-term agreements with key suppliers; top 10 provided 84.30% of purchases.
- Underutilised production capacity impacts financial performance and growth.
- 96.98% reliance on domestic market increases vulnerability to local disruptions.
- No long-term distributor agreements; 67.12% of sales through distributors.
- Contingent liabilities of ₹573.72 lakhs for import duties affect stability.
Swot Analysis for Durlax Top Surface IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
Durlax Top Surface Limited
301, Jaisingh Commonspace,
Dayal Das Road, FP362, W.E.
Highway, Vile Parle (East), Mumbai – 400 057
Phone: +91-75067 99831
Email: [email protected]
Website: https://www.durlax.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Durlax Top Surface IPO are:
- Part finance the working capital requirements
- To meet the offer expenses
- General corporate purposes
Expert Global Consultants Pvt Ltd is are the book-running lead managers for the Durlax Top Surface IPO.