Durlax Top Surface IPO
The initial public offering (IPO) of Durlax Top Surface will open for subscription on June 19 and close on June 21, comprising fresh issues and an Offer for Sale (OFS) of Rs.40.80 Crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on June 26, 2024.
#1. Quick Intro to Durlax Top Surface
Durlax Top Surface Limited (2010) is engaged in the business of manufacturing solid surface material, which is sold across India, through an extensive distribution network of distributors and direct customers and also exported to various countries such as Dubai, Qatar, Greece, and Sri Lanka. The company operate through two brands namely LUXOR and ASPIRON, which provide a wide range of solid surfaces known for their aesthetics and performance.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Durlax Top Surface
The company intends to use the IPO Funds for the following purposes:
- Working capital requirement
- General corporate purposes and issue expenses.
#3. Durlax Top Surface Core Strengths
- Focusing on multiple end-user industries
- A wide and diverse range of product offerings
- Experienced promoters and management team with industry knowledge and an established track record
- Diversified distribution network across India catering to customers
#4. Durlax Top Surface IPO Review & Rating
| Issue Size | Rs.40.80 Crore |
| Issue Price | Rs.65-68 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (Latest) | Rs.505.07 Lakhs |
| ROE | 26.20% |
| RONW (%) | 23.12% |
| Listing on | NSE SME |
| IPO Deliver Rating | TWO |
#5. Durlax Top Surface IPO Dates, Price Band & Details
Durlax Top Surface IPO will open on June 19, 2024, and close on June 21, 2024. The IPO is to be listed on June 26, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.40.80 Crore |
| Price Brand | Rs.65-68 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | June 19, 2024 |
| IPO Close Date | June 21, 2024 |
| IPO Allotment Date | June 24, 2024 |
| Refund Date | June 25, 2024 |
| Share Credit Date | June 25, 2024 |
| Listing Date | June 26, 2024 |
#6. Durlax Top Surface IPO Offer Details
Durlax Top Surface IPO’s total issue size is 60,00,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 42,00,000 | 28.56 |
| Offer for Sale (OFS) | 18,00,000 | 12.24 |
#7. Durlax Top Surface Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 9083.93 | 6684.20 | 4741.81 |
| Net Worth | 2184.38 | 1671.21 | 1292.27 |
| Profit | 505.07 | 209.44 | 48.42 |
| Total Borrowings | 6070.71 | 3690.93 | 3929.82 |
#8. Durlax Top Surface Quantitative Factors
The following table sets forth the summary of financial information of the company for the period Dec 31, 2024, 2023, March 31, 2023 and March 31, 2022.
| Category | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 4.06 | 1.75 | 0.41 |
| RoNW (%) | 23.12 | 12.53 | 3.75 |
| NAV (Rs.) | 17.58 | 13.48 | 10.92 |
#9. Durlax Top Surface Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV(Rs.) |
| Kaka Indust. | 17,021.63 | 25.25 | 37.69 |
| Dhabriya Plywood | 21,163.30 | 17.10 | 76.08 |
#10. Durlax Top Surface Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Shravan Suthar |
| 02. | Lalit Suthar |
#11. Durlax Top Surface Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 95.44 |
| Post-issue | 60.34 |
#12. Durlax Top Surface IPO Reservation Details
Durlax Top Surface IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not Less than 35% of the Net Offer |
| NII Shares Offered | Not Less than 15% of the Net Offer |
#13. Durlax Top Surface IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 1,36,000 |
| Retail (Max.) | 1 | 2000 | 1,36,000 |
| HNI (Min.) | 2 | 4000 | 2,72,000 |
#14. Durlax Top Surface IPO – Prospectus Copy
An investor can download/view the Durlax Top Surface prospectus copy, which the company filed to exchange, details are as follows.
| Durlax Top Surface IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Durlax Top Surface IPO Registrar
Bigshare Services Private Limited
Website: www.bigshareonline.com
#16. Durlax Top Surface IPO Lead Managers
Expert Global Consultants Private Limited
Website; www.expertglobal.in
#17. Durlax Top Surface IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Durlax Top Surface IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Durlax Top Surface Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Durlax Top Surface Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Durlax Top Surface Company Details
Durlax Top Surface Limited
Registered Office: 301, Jaisingh, Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle, Mumbai-400057
Email: cs@durlaxindia.com
Website: www.durlaxindia.com
Investor Grievances/Compliance Officer: Komal Birla
#19. Durlax Top Surface Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Durlax Top Surface Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Shravan Suthar |
| 02. | Lalit Suthar |
Durlax Top Surface IPO – Frequently Asked Questions (FAQs)
| #1. What is a Durlax Top Surface IPO?
Durlax Top Surface brings its IPO of Rs. 40.80 Crore, on June 19, 2024, with a price band of Rs.65-68 per share. |
| #2. What is the Durlax Top Surface IPO Open date?
Durlax Top Surface IPO’s opening date is June 19, 2024. |
| #3. What is the Durlax Top Surface IPO Close Date?
Durlax Top Surface IPO’s closing date is June 21, 2024. |
| #4. What is the Durlax Top Surface IPO Listing date?
Durlax Top Surface’s IPO listing date is June 26, 2024. |
| #5. What is the Durlax Top Surface IPO Minimum investment amount?
Durlax Top Surface IPO’s minimum investment amount is Rs. 1,36,000. |
| #6. What is the Durlax Top Surface IPO offer issue Size?
Durlax Top Surface offers an issue size of Rs. 40.80 Crore. |
| #7. What is the Durlax Top Surface IPO Price Band?
Durlax Top Surface’s IPO price band is Rs.65-68 per share. |
| #8. Is Durlax Top Surface IPO mainboard IPO or SME IPO?
Durlax Top Surface IPO is an SME IPO. |
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