Listed

Srigee DLM Limited IPO

Srigee DLM Limited is launching its SME IPO on the BSE SME platform from May 5 to May 7, 2025. The company, based in New Delhi, manufactures plastic and polymer products for industries such as home appliances and automotive. The IPO offers 1,714,800 equity shares at a price range of ₹94–99 per share, with a target of raising ₹16.12–16.98 crore. The minimum lot size is 1,200 shares, requiring an investment of ₹1,18,800. The allotment date is set for May 8, and shares are expected to be listed on May 12, 2025.

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Min Investment

₹1,18,800

Lot Size

1,200 Shares

Price Range

₹94.0 - 99.0

Issue Size (₹ Cr.)

₹16.98 Cr

IPO Type

SME

Key Metrics

Face Value

₹ 10

GMP

₹ 45

Subscription

490.93x

EPS

₹ 8.66

P/E Ratio

11.43 x

RoNW

20.40%

ROE

23.61%

Debt to Equity (₹ Cr.)

0.16

Timeline

IPO Opened05/05/2025Monday

IPO Closed07/05/2025Wednesday

Allotted08/05/2025Thursday

Refunded09/05/2025Friday

Listed12/05/2025Monday

Strengths

Strong Profitability: The company has demonstrated healthy financial performance with a solid Return on Equity (ROE) and Return on Net Worth (RoNW), reflecting efficient use of capital.
Low Debt Levels: With a low debt-to-equity ratio of 0.16, Srigee DLM maintains a conservative approach to leveraging, minimizing financial risk.
Experienced Management: The company is backed by a skilled and experienced management team with expertise in its sector.
Scalable Business Model: Srigee DLM’s business model is adaptable, enabling it to scale operations in line with growing demand.
Strong Market Position: The company has established a strong market presence, which enhances its ability to compete and expand.

Weaknesses

Dependence on a Few Clients: A significant portion of revenue might depend on a limited number of clients, which could expose the company to risks if these relationships are disrupted.
Limited Geographical Reach: Srigee DLM’s operations are primarily concentrated in specific regions, limiting its ability to tap into broader markets.
Exposure to Economic Fluctuations: As a company in the SME sector, it may be more susceptible to economic downturns and changes in market conditions.
Small Scale Operations: Compared to larger competitors, Srigee DLM’s scale of operations might be smaller, potentially limiting its competitive edge.
Dependence on External Financing: The company may rely on external financing to fund growth or working capital needs, which could be affected by market conditions or lender policies.