IPO Details
RHP/DRHPIssue Date
05 May - 7 May'25
Investment/lot
₹ 118800
Price Range
94 - 99
Lot Size
1200
IPO Size
₹ 16.98 Cr
IPO Listing Details
Listing On
12 May'25
Issue Price
99
Listed Price
₹ 188.1
Retail Gain/Listing Gain
▲90.00%
Schedule of Srigee DLM IPO
Start date
05/05/2025
End date
07/05/2025
Allotment of bids
08/05/2025
Refund Initiation
09/05/2025
Listing on exchange
12/05/2025
About Srigee DLM Ltd IPO
The IPO of Srigee DLM Ltd comprises only a fresh issue of up to 17,14,800 equity shares of face value of ₹10 each, amounting to ₹16.98 crores. There is no offer for sale in this IPO, which is a 100% book-built issue.
Objectives of Srigee DLM Ltd IPO
- To set up a manufacturing facility at Plot No. 15, Ecotech – X, Industrial Area, Greater Noida, Gautam Budh Nagar
- Acquisition of machineries to be installed at proposed manufacturing facility
- General corporate purposes
Srigee DLM Ltd IPO Valuation
Srigee DLM Ltd IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Investors | Not less than 15% of the net issue |
Retail Individual Investors | Not less than 35% of the net issue |
Industry Outlook
The market for electronics in India was valued around US$ 70 billion in 2022 and is projected to be worth a value of US$ 150 billion in 2030. India's domestic electronics production has nearly doubled from US$ 48 billion in FY17 to US$ 101 billion in FY23, driven largely by mobile phones, which account for 43% of production.
On the other hand, the Indian Appliances and Consumer Electronics (ACE) market is predicted to nearly double in the next 3 years, reaching approximately US$ 17.93 billion by 2025.
Company Information
Srigee DLM Ltd’s capabilities cover the full range of plastic production, serving OEM and ODM clients with services such as material selection, extrusion, mould making, precision injection moulding, and final assembly.
For OEMs, the company specialises in converting plastic prototypes — such as those used in consumer electronics and automotive parts — into high-quality, production-ready components. For ODMs, it works closely from concept through to the finished product, ensuring smooth integration of design and manufacturing processes. The company caters to Indian companies and MNC’s in the home appliances, mobile manufacturing, and automotive components industries.
Srigee DLM Ltd Strengths
Strong Relationships with Established Customer Base, With Potential to Expand its Customer Base
The company is committed to solidifying and enhancing its enduring relationships with renowned customers across various product verticals. It considers these customers as strategic partners and are dedicated to providing them with high-quality end-to-end product solutions.
Its clientele comprises esteemed, long-term players in the industry, and its collaborative associations with them have been instrumental in the continuous development, diversification, and improvement of our product portfolio. This strategic alliance enables it to proactively plan production in anticipation of retail demand and maintain an unwavering focus on product quality.
End-to-end Solutions Provider with a Dedicated Design and Development Team
Since its inception, the company has not only expanded its product portfolio but has also diversified its customer base. This journey has sharpened its technological expertise in the intricate field of designing and manufacturing plastic injection moulding.
At the heart of the company's philosophy is the belief that the integration of design, manufacturing, and a robust service infrastructure is the key to unlocking customer satisfaction.
Flexible and Cost-effective Manufacturing Capabilities
With a proven track record in meeting the diverse product requirements of its customers, the company is committed to continually enhancing the efficiency of its manufacturing processes in terms of cost, time, quality, and scale.
Its manufacturing facilities maintain flexibility through measures such as multifunctional training and equipment standardisation.
Risks of Srigee DLM Ltd IPO
- High Dependence on Certain Key Customers
The company depends on certain customers who have contributed to a substantial portion of its total revenues. In the aggregate, its top ten customers accounted for 93.00%, 88.40%, 94.43% and 87.07% of its revenue from operations for the nine-month period ended December 31, 2024 and for the financial years ended March 31, 2024, 2023 and 2022, respectively.
Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
- Litigation against the company
The company, its Directors and its Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make them liable to liabilities/penalties and may adversely affect their reputation, business and financial status.
- Geographical Concentration
A significant percentage of the company’s revenue is generated from operations in the state of Uttar Pradesh. Any adverse developments in this region, including but not limited to economic slowdowns, changes in government policies, labour disruptions, infrastructure challenges, or natural disasters, could negatively impact its ability to conduct business effectively.
If it experiences prolonged disruptions or difficulties in these operations, it could materially and adversely affect its financial performance and future growth prospects.
All Financial Information about Srigee DLM
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Company Name | Total Income (in ₹ crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|---|
Srigee DLM Ltd | 54.6516 | 7.53 | 21.08 | 34.48 |
Amber Enterprises India Ltd | 6784.5768 | 39.44 | 6.76 | 612.68 |
Cyient DLM Ltd | 1219.70 | 8.42 | 6.73 | 114.62 |
Anchor Investor Bidding Date May 2, 2025
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Bigshare Services Pvt Ltd
- Book Running Lead Manager: Gyr Capital Advisors Pvt Ltd
Business Model
Srigee DLM Ltd classifies its business into four segments:
- Plastic Injection Moulding & Assembly
- Tool Room & Die Manufacturing
- Job Work- Moulding
- Polymer Compounding & Trading
Its products are used in the following end-use products:
- Home appliances and utility
- Electrical and electronic components
- Automotive components
Its emphasis on design-led manufacturing is central to its service offerings, particularly for leading home appliance brands in the white goods sector, electrical components, and automotive applications.
Company Growth Trajectory
Srigee has established a track record of consistent financial growth and operational excellence, underscoring the robustness of its business model and execution capabilities. Its total income grew from ₹33.0391 crores in FY 22 to ₹54.6516 crores in FY 24. Its EBITDA margin grew from 6.79% in FY 22 to 9% in FY 24. PAT margin grew from 3.44% in FY 22 to 5.69% in FY 24.
Market Position
Incorporated in 2005, with the manufacturing of plastic mouldings for consumer durables, in 2013 the company expanded its operations to include the production of plastic mouldings for home appliances and enhanced its production capacity by integrating two additional injection moulding machines.
Most of its manufacturing facilities hold ISO 9001:2015, ISO 45001:2018, IATF 16949:2016 certifications, adhering to international quality standards.
Srigee DLM Ltd Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 54.6516 | 47.2458 | 33.0391 |
Profit Before Tax (in ₹ crores) | 4.1256 | 3.9189 | 1.5846 |
Profit After Tax (in ₹ crores) | 3.0954 | 2.8171 | 1.1345 |
EPS in ₹ | 7.53 | 6.89 | 2.78 |
Srigee DLM Ltd Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 4.1256 | 3.9189 | 1.5846 |
Net Cash Flow from/(used in) Operating Activities (in ₹ crores) | 1.5320 | 1.7571 | (0.5803) |
Net Cash Flow from/(used in) Investing Activities (in ₹ crores) | (1.0426) | (0.0631) | (0.2363) |
Net Cash Flow from/(used in) Financing Activities (in ₹ crores) | 0.3543 | (1.6338) | 0.8333 |
Cash & Cash Equivalents As At End of the Year (in ₹ crores) | 0.9225 | 0.0788 | 0.0186 |
How to Check Allotment Status of Srigee DLM Ltd?
Visit the Registrar’s Website
- Visit the official website of Bigshare Services Pvt Ltd
- Click on ‘IPO Allotment Status’ from ‘Solutions’
- Click on any one of the three servers
- Choose company name from dropdown and input either your PAN no, beneficiary ID or application no
- Enter captcha and click on ‘Search’ to know the status
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for Srigee DLM Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Srigee DLM IPO FAQs
When is Srigee DLM IPO listing date?
Srigee DLM IPO will list on 2025-05-12.
What is the issue size of Srigee DLM IPO?
16.98 is the issue size of Srigee DLM IPO.
What is the minimum lot size required for Srigee DLM IPO?
The minimum lot size is 1200 shares and the investment required is ₹118800.
What is the price band of the Srigee DLM IPO?
The price band of Srigee DLM IPO is ₹94 to ₹99.
Where can I read more about Srigee DLM business?
You can read more about Srigee DLM and its IPO from the company’s red herring prospectus (RHP) here.
What is the Srigee DLM Ltd IPO?
The Srigee DLM Ltd IPO comprises a fresh issue of up to 17,14,800 equity shares of face value of ₹ 10 each.
When will the IPO of Srigee DLM Ltd go live?
The IPO opens on 5th May and closes on 7th May.
What is the lot size of shares in the Srigee DLM Ltd IPO?
The lot size is 1200 and in multiples thereof.
From where can I read more about the IPO of Srigee DLM Ltd?
You can read more about the IPO of Srigee DLM Ltd from the company’s red herring prospectus here.
