Silkflex Polymers (India) Limited IPO GMP Today, Price Range and Company Details

Silkflex Polymers IPO runs from May 7 to 9, 2024, priced at ₹52 per share with a GMP of ₹5. It offers lots of 2000 shares each.
Silkflex Polymers (India) Limited IPO GMP Today, Price Range and Company Details

As of May 6, 2024, Silkflex Polymers IPO has ₹5 as Grey Market Premium, with a price ₹52 per share. Offering lots of 2000 shares, the subscription window is open from May 7, 2024 to May 9, 2024.

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Silkflex Polymers Limited GMP Today

The Grey Market Premium (GMP) for Silkflex Polymers Limited is ₹5 as of May 6, 2024. This assessment coincides with a price of ₹52 per share for the IPO.

Silkflex Polymers Limited IPO Review

Silkflex Polymers’ IPO analysis shows growth and stability with increased revenue from INR 2804.52 lakhs in March 2022 to INR 3442.25 in March 2023. Equity expansion and profitability are up, with PAT rising sharply to INR 256.66 by December 2023, indicating strong financial performance.

However, the firm faces potential liquidity issues as the current ratio has declined. Despite this, returns on net worth and assets have grown significantly, demonstrating enhanced shareholder value. The debt-equity ratio has risen slightly, reflecting a greater reliance on debt financing.

Silkflex Polymers Limited IPO Date

Silkflex Polymers Limited will start accepting subscriptions on May 7, 2024 to May 9, 2024

Silkflex Polymers Limited IPO Price

Silkflex Polymers Limited price range is ₹52 per share with a face value of ₹10 each.

Silkflex Polymers Limited

Silkflex trades in textile printing inks and wood coating polymers under the Malaysian Silkflex brand. They distribute 108 ink and 51 polymer products in India, authorised since 2016 and 2019 respectively. Silkflex Malaysia also allowed Silkflex India manufacturing rights in 2023, but production has yet to start as the manufacturing unit is still being set up as per the latest prospectus.

How To Apply For Silkflex Polymers Ltd IPO?

To apply for the Silkflex Polymers through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Silkflex Polymers on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Silkflex Polymers IPO at Alice Blue in just a few clicks!

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