Durlax Top Surface is launching its initial public offering (IPO) as a book-built issue, aiming to raise ₹40.80 crores. The IPO comprises a fresh issue of 42 lakh shares, aggregating to ₹28.56 crores, and an offer for sale of 18 lakh shares, totaling ₹12.24 crores.
The subscription window for the Durlax Top Surface IPO opened on June 19, 2024, and will close on June 21, 2024. The allotment process is expected to be finalized on Monday, June 24, 2024. Durlax Top Surface’s shares will be listed on the NSE SME platform, with a tentative listing date set for Wednesday, June 26, 2024.
The price band for the Durlax Top Surface IPO is ₹65 to ₹68 per share. Retail investors can apply for a minimum lot size of 2000 shares, requiring an investment of ₹136,000. High-net-worth individuals (HNIs) can invest in 2 lots (equivalent to 4000 shares), totaling ₹272,000.
Expert Global Consultants Private Limited serves as the book-running lead manager for the Durlax Top Surface IPO, while Bigshare Services Pvt Ltd acts as the registrar. Globalworth Securities is the market maker for this IPO.
Durlax Top Surface operates in the construction materials sector.
Durlax Top Surface IPO Details:
| Company Name | Durlax Top Surface |
| Sector | Construction Materials |
| IPO Type | SME |
| IPO Open date | 19th June 2024 |
| IPO Close date | 21st June 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Durlax Top Surface IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,36,000 |
| HNI (Min) | 2 | 4000 | 2,72,000 |
Durlax Top Surface IPO Timeline:
| IPO Open Date | 19th June 2024 |
| IPO Close Date | 21th June 2024 |
| Basis of Allotment | 24th June 2024 |
| Refund Initiation Date | 25th June 2024 |
| Shares Credit to Demat | 25th June 2024 |
| Listing Date | 26th June 2024 |
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
