Durlax Top Surface IPO Makes a Strong Debut with 60% Premium, Stocks  Lists at ₹190!

Durlax Top Surface shares launched on the NSE SME at a 60% premium, listing at ₹190. The successful IPO, open from June 19 to 21, reflected high investor interest.
Durlax Top Surface IPO Makes a Strong Debut with 60% Premium, Stocks  Lists at ₹190!

Durlax Top Surface shares debuted on the NSE SME with a remarkable 60% premium, listing at ₹190 on Wednesday. The IPO, which opened on June 19 and closed on June 21, showcased strong investor enthusiasm by listing at significantly higher than the offer price.

Durlax Top Surface IPO experienced overwhelming demand on Day 3 of its IPO, with the issue being subscribed an astonishing 160.93 times. This exceptional level of interest demonstrated robust market confidence in the company’s growth potential and business model.

Durlax Top Surface Limited, based in Vapi, produces solid surface materials under the LUXOR and ASPIRON brands, using German and South Korean technology. These products serve various sectors including residential and commercial. Founded by Shravan and Lalit Suthar, the company excels in client acquisition, business development, and brand marketing, driving ongoing growth.

Durlax Top Surface Limited aims to allocate INR 17.50 crores to boost working capital and INR 6 crores for general corporate purposes, fueling growth and covering operational expenses.

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