Company Profile
Srigee DLM Limited, based in Greater Noida, is preparing to launch its Initial Public Offering (IPO) on the SME platform of BSE. The IPO will open on May 5, 2025, and close on May 7, 2025. The company aims to raise approximately ₹16.98 crore by issuing 17.14 lakh new equity shares. The shares are priced between ₹94 and ₹99 each.
The company provides design-led plastic moulding and assembly solutions, catering to sectors such as home appliances, automotive, and electricals. Srigee DLM currently operates four manufacturing units and is in the process of expanding to a new facility in Ecotech-10 to enhance its production capabilities.
Financially, Srigee DLM reported revenue of ₹54.65 crore and a net profit of ₹2.97 crore in FY 2024. The funds from the IPO will be used for equipment purchases, facility expansion, and general business needs.
Product Portfolio
Main Products and Services
Srigee DLM Limited specializes in plastic injection moulding and offers a full range of design-led manufacturing solutions. Their core services and products include:
- Plastic Moulded Components: Precision-moulded plastic parts used in home appliances, automotive parts, and electrical devices.
- OEM and ODM Services: Custom manufacturing services for clients needing complete product development (Original Equipment Manufacturing) or design support (Original Design Manufacturing).
- Mould Design and Manufacturing: In-house design and production of moulds tailored to client specifications.
- Extrusion and Material Processing: Processing various plastic materials to produce durable and lightweight parts.
- Assembly Services: Final assembly of plastic parts and electronic components, ensuring ready-to-market products.
- Electronics and Electrical Assemblies: Specialized production lines for assembling electrical products and devices.
Key Industries Served:
- Home appliances (e.g., coolers, kitchen equipment)
- Automotive components
- Electrical and electronic products
Srigee DLM is expanding its capabilities with a new manufacturing facility that will focus more on advanced plastic moulding and electrical assembly technologies.
Financial Snapshot (as of March 31, 2024)
Total Revenue: ₹54.65 crore
Net Profit: ₹2.97 crore
Earnings Per Share (EPS): ₹7.22
Return on Equity (ROE): 23.61%
Return on Capital Employed (ROCE): 27.85%
EBITDA Margin: 8.83%
Debt-to-Equity Ratio: 0.16
Net Worth: ₹14.56 crore
Initial Public Offering (IPO) Plans
Srigee DLM Limited is set to launch its Initial Public Offering (IPO) on the BSE SME platform in May 2025. The company plans to raise approximately ₹16.98 crore through a fresh issue of 17.14 lakh equity shares.
Key Details:
- IPO Opening Date: May 5, 2025
- Closing Date: May 7, 2025
- Listing Date: May 12, 2025
- Issue Price Range: ₹94 to ₹99 per share
- Minimum Lot Size: 1,200 shares
- Minimum Investment: ₹1,18,800
- Face Value: ₹10 per share
Use of Funds:
- Setting up a new manufacturing facility in Greater Noida
- Purchasing advanced machinery for production
- Covering general business expenses
IPO Management:
- Lead Manager: GYR Capital Advisors Pvt. Ltd.
- Registrar: Bigshare Services Pvt. Ltd.
This IPO aims to fuel the company’s expansion into more advanced plastic moulding and electronic assembly capabilities, supporting its growing client base in the home appliance, electronics, and automotive sectors.
Objectives of the IPO
Important Dates:
- Basis of Allotment: May 7, 2025
- Refund Initiation: May 8, 2025
- Credit of Shares: May 8, 2025
- Listing Date: May 9, 2025
Other IPO Details:
Market Maker: MNM Stock Broking Pvt. Ltd.
Registrar to the Issue: Skyline Financial Services Pvt. Ltd.
Lead Manager: Turnaround Corporate Advisors Pvt. Ltd.
Key IPO Details:
- IPO Type: SME IPO (Book Built Issue)
- Exchange: NSE EMERGE
- Issue Size: ₹33.99 crore (Fresh Issue + Offer for Sale)
- Fresh Issue: 52.6 lakh equity shares (₹30.5 crore)
- Offer for Sale: 6 lakh equity shares (₹3.48 crore)
- Price Band: ₹55 to ₹58 per share
- Face Value: ₹10 per share
- Lot Size: 2,000 shares
- Minimum Investment: ₹1,16,000
- Retail Quota: 40% of the issue
- IPO Open Date: April 29, 2025
- IPO Close Date: May 2, 2025
- Allotment Finalization: May 5, 2025
- Refunds Initiation: May 6, 2025
- Shares Credited to Demat: May 6, 2025
- Listing Date: May 7, 2025
- Registrar: Bigshare Services Pvt Ltd
- Lead Manager: Unistone Capital Pvt Ltd
Important Dates:
- IPO Open Date: April 29, 2025
- IPO Close Date: May 2, 2025
- Allotment Finalization Date: May 5, 2025
- Refunds Initiation Date: May 6, 2025
- Shares Credited to Demat Accounts: May 6, 2025
- Listing Date: May 7, 2025
IPO Objectives:
Expansion of Manufacturing Facilities:
A significant portion of the funds will be used to establish a new production unit in Greater Noida, enhancing the company’s capacity to meet rising demand, especially for advanced plastic moulding and electronics assembly.
Investment in New Machinery and Equipment:
The company plans to acquire modern, high-precision machinery to improve product quality, speed up production, and introduce new capabilities.
Strengthening Operational Capabilities:
The investment will help streamline existing operations, increase production efficiency, and support the company’s move into higher-value segments.
Support for General Corporate Purposes:
A part of the funds will be allocated for working capital, business expansion activities, and other general needs to strengthen the company’s overall financial health.
Enhancing Market Presence:
By expanding its facilities and production lines, Srigee DLM aims to serve a broader range of industries and clients, solidifying its position in the plastics and electronics manufacturing sectors.
Future Outlook
Looking ahead, Srigee DLM Limited is well-positioned for growth, driven by its focus on expanding production capabilities and investing in advanced manufacturing technologies. With the upcoming new facility in Greater Noida, the company aims to significantly increase its production capacity, allowing it to cater to a broader client base in sectors like home appliances, automotive, and electronics.
Srigee DLM plans to strengthen its role as a preferred partner for OEM and ODM clients by offering high-quality, customized plastic and electronic assembly solutions. The adoption of new machinery and advanced moulding techniques will enable the company to introduce innovative products and meet evolving industry standards.
Financially, the company expects to benefit from improved margins and higher revenues due to operational efficiencies and a broader product range. Strategic investments supported by the IPO proceeds are expected to enhance competitiveness, open new market opportunities, and contribute to long-term profitability.
Overall, Srigee DLM’s commitment to quality, innovation, and customer service sets a strong foundation for sustainable growth in the coming years.
Market Positioning and Growth Prospects
Srigee DLM Limited has carved out a strong position in the plastic injection moulding and electronic assembly market by offering end-to-end manufacturing solutions tailored to OEM and ODM clients. Its reputation for quality, customization, and reliable delivery has helped the company build long-term relationships with prominent brands in the home appliances, automotive, and electronics sectors.
With the expansion of its production facilities and the addition of advanced machinery, Srigee DLM is poised to move into higher-value segments that demand precision manufacturing and innovative solutions. The company’s strategic focus on sectors experiencing steady growth — such as consumer electronics and electric vehicles — positions it to benefit from rising industry demand.
In the coming years, Srigee DLM aims to deepen its market presence, expand its customer base, and leverage operational efficiencies to achieve higher profitability. Its commitment to technological advancement and customer-centric solutions gives it a competitive edge and supports strong growth prospects in both domestic and international markets.
