Durlax Top Surface Limited

Company Profile
Company Name Durlax Top Surface Limited
Open Date 19-06-2024
Close Date 21-06-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹65 to ₹68 per share
Issue Size 60,00,000 shares
Application Amount ₹1,36,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Established in 2010, Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, manufactures solid surface materials that are sold across India. The company has two brands, namely LUXOR and ASPIRON. The LUXOR brand offers acrylic UV solid sheets while ASPIRON offers modified solid sheets. Company’s both brands offer seamless designs, antibacterial and fire-retardant properties, ensuring a comprehensive range of high-quality solid sheets. The products are used in residential, commercial, hospitality, healthcare, outdoor and various other industries, providing stylish and durable solutions for countertops, vanities, offices, retail spaces, hotels, hospitals, outdoor projects and more. The company's manufacturing facility is in Vapi, Gujarat. The company has registered office at the Vile Parle East, Mumbai. As of September 25, 2023, the company employed 69 people.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Total Assets 7,168.11 7,673.03 10,553.51
Net Assets 1,292.27 1,671.21 2,184.38
Total Borrowings 3,929.83 3,690.93 6,070.71
Total Revenue 4,741.81 6,684.20 9,083.93
Profit After Tax 48.42 209.44 505.06

Tentative Timeline

Opening Date 19-06-2024
Closing Date 21-06-2024
Basis of Allotment 24-06-2024
Initiation of Refunds 25-06-2024
Credit of Shares to Demat 25-06-2024
Listing Date 26-06-2024

Objects of the Issue

To meet Working Capital Requirements.
General Corporate Purposes.
To meet Public Issue Expenses.

Contact Information

Registered Office Durlax Top Surface Limited 301, Jaisingh Commonspace, Dayal Das Road, FP362, W.E. Highway, Vile Parle (East), Mumbai – 400 057
Phone +91-75067 99831
Email cs@durlaxindia.com
Website https://www.durlax.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 95.24%
Share Holding Post Issue (Promoters) 60.36%

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