Silkflex Polymers IPO

Silkflex Polymers Limited IPO includes 34.82 lakh shares worth INR 18.11 cr, aiming to fund land acquisition, machinery purchase, and operating expenses.

Important Details

Open Date : May 7, 2024 Close Date : May 10, 2024 Allotment Date: May 13, 2024 Listing Date: May 15, 2024

Important Details

IPO Price: INR 52 per share Lot Size: 2000 Shares Total Issue Size: INR 18.11 crores

Fundamental Analysis

Financial Strengths (Mar 2022 Dec 2023): 1. Consistent Revenue Growth 2. Increased Profitability 3. Rising Equity Levels 4. Improved Return on Net Worth (RoNW)

Peer Comparison

Silkflex Polymers: Low EPS & RoNW, moderate P/E BASF India: High EPS & RoNW, high P/E Heubach Colorants: Low EPS & RoNW Berger Paints: Strong EPS & RoNW, low face value


1. Acquire land in Vadodra for a new manufacturing facility (INR 5.53 crores) 2. Purchase plant and machinery (INR 2.07 crores) 3. Meet increased working capital needs (INR 4.68 crores)

Risks And Challenges

1. Heavy dependence on a single supplier: Silkflex Polymers Malaysia. 2. Vulnerable to revenue loss from key clients. 3. Potential financial or reputational risk from ongoing litigation.