Srigee DLM Limited is coming up with an IPO with a fresh issue of 17,14,800 shares worth INR 16.98 crores. The company aims to meet capital expenditure requirements and general corporate purposes. 

Srigee DLM IPO – Important Dates

Srigee DLM Limited IPO – Company Profile

Srigee DLM Limited specialises in end-to-end plastic manufacturing, offering design-driven solutions across consumer electronics, automotive, white goods, and electrical components. Its services span material selection, extrusion, die design, injection moulding, polymer compounding, and final assembly.

With in-house capabilities for OEM and ODM models, Srigee DLM transforms plastic prototypes into components and provides full-cycle product development. The company ensures integration of design and manufacturing, particularly for home appliance brands.

Incorporated in 2005 and rebranded in 2023, Srigee DLM Limited focuses on quality, timely delivery, and cost efficiency. Backed by long-standing customer relationships and clients, it stands as a reliable and innovation-led partner in the OEM industry.

Srigee DLM Ltd IPO Fundamental Analysis

Srigee DLM Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth along with rising profits, assets, with improved EPS. However, decreasing RoNW highlights challenges. 

• Revenue Trend: The revenue increased from ₹4,724.58 lakhs in March 2023 to ₹5,465.16 lakhs in March 2024. The revenue for the 9-month period ended December 2024 is INR 5,446.88 lakhs. 

• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. The debt-equity ratio has decreased, indicating reduced reliance on debt financing. 

• Profitability: The profit after tax (PAT) has significantly increased from ₹281.17 lakhs in March 2023 to ₹309.54 lakhs in March 2024, boosting investor confidence. The profit for the 9-month period ended in December 2024 is ₹377.21 lakhs. 
• Earnings per Share (EPS): The diluted EPS has increased from ₹6.89 in March 2023 to ₹7.53 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for the 9 month period ended in December 2024 is ₹8.86. 
• Return on Net Worth (RoNW): The RoNW has decreased from 26.53% to 21.08%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 

• Financial Position: Total assets have increased, suggesting potential business growth. The current ratio has also increased, indicating strengthening liquidity and potential in meeting short-term obligations. 

• Inventory Turnover Ratio: There’s a decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management. 

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Srigee DLM IPO Financial Analysis

Srigee DLM Limited IPO Peer Comparison

Srigee DLM Limited shows steady performance in RoNW, D. P. Amber Enterprises India Limited excels in revenue, and Cyient DLM Limited maintains consistent growth in EPS and NAV. 

Srigee DLM Ltd IPO Objective

The main objective of Srigee DLM Limited is to set up a new manufacturing facility, acquire machinery and meet general corporate purposes. 

1. To meet capital expenditure requirements 

1. A new manufacturing facility: The company intends to utilise INR 542.78 lakhs from the Net Proceeds to set up a manufacturing facility located at Greater Noida, Gautam Budh Nagar, Uttar Pradesh. 

2. Acquisition of Machinery: The company plans to utilise INR 951.00 lakhs from the Net Proceeds to install machineries in the manufacturing facility. 

2. General corporate purposes: The company will deploy the remaining proceeds for general corporate purposes to support business growth. 

Srigee DLM IPO Risks And Challenges

Srigee DLM Limited’s risks include ongoing litigation, dependence on key customers, and reliance on a few suppliers, which could adversely impact operations, profitability, and business performance. 

• The company’s directors are involved in certain legal proceedings at various levels of adjudication. Any adverse verdicts could result in liabilities or penalties, adversely affecting the company’s reputation and financial condition.

• The company is highly dependent on a few key customers for a substantial portion of its revenue. The loss of any major customer relationship could materially impact profitability and the overall performance of operations. 

• The company also relies on a few suppliers for the purchase of products. The loss of any of these suppliers may affect their business operations. 

Srigee DLM Ltd IPO – Industry & Market Potential

India’s Consumer Electronics and Appliances (CEA) market has shown strong double-digit growth, supported by increasing disposable incomes, urbanisation, and higher product awareness. Rural demand has surged at 30% annually due to low penetration and rising usage.

The ACE market is expected to double, reaching USD 17.93 billion by 2025, making India the world’s fifth-largest CEA market. Electronics hardware demand is estimated to reach USD 400 billion by FY24, with government targets of USD 300 billion in electronics manufacturing and USD 120 billion in exports by FY26.

In FY21, India’s electronics hardware production was USD 63.39 billion. Key product segments like TVs, refrigerators, air conditioners, and washing machines are projected to grow significantly by 2025, supported by increased automation and Industry 4.0 adoption.

Srigee DLM Limited IPO – Type of Offer

Srigee DLM Limited is coming up with an IPO with a fresh issue of 17,14,800 shares worth INR 16.98 crores. The company aims to meet capital expenditure requirements and general corporate purposes. 

Srigee DLM IPO Offer Size

The offer size of Srigee DLM Limited is INR 16.98 crores, consisting of a fresh issue of 17,14,800 shares. The company aims to meet capital expenditure requirements and general corporate purposes.

Srigee DLM Limited IPO Allotment Structure

Srigee DLM Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

How to apply for the Srigee DLM IPO?

To apply for the Srigee DLM Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Srigee DLM Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Srigee DLM Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Srigee DLM IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Srigee DLM Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Srigee DLM Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Srigee DLM Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Srigee DLM Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange Small and Medium Enterprises (BSE SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Srigee DLM Ltd IPO Offer Registrar

The registrar for the Srigee DLM Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Bigshare Services Private Limited

Office No. S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road, Andheri East, 

Mumbai – 400 093, Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com 

Srigee DLM IPO – FAQs