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Srigee DLM IPO closes today; subscription rises to 107x, GMP at 30%
The subscription was led by non-institutional investors (NIIs), who bid for over 225.92 times the reserved quota, followed by retail investors at 99.71 times. The portion booked for qualified institutional buyers (QIBs) was subscribed 1.52 times.
Srigee DLM IPO GMP
Srigee DLM IPO details
Srigee DLM IPO aims to raise ₹16.98 crore through the SME offering comprising a fresh issue of 1.71 million equity shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), the basis of the allotment of shares is expected to be finalised on Thursday, May 8, 2025. Shares of Srigee DLM will be listed on the BSE SME platform tentatively on Monday, May 12, 2025.
The company has fixed the price band at 99 per equity share. Retail investors would require a minimum investment amount of ₹1,12,800 to subscribe for a minimum of one lot comprising 1,200 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 2,400 shares with a minimum investment amount of ₹2,37,600. The
Bigshare Services is the registrar for the issue. GYR Capital Advisors is the sole book-running lead manager.
According to the red herring prospectus, the company aims to utilise ₹5.42 crore from the net fresh proceeds for setting up a manufacturing facility in Gautam Budh Nagar, Uttar Pradesh and ₹9.51 crore for the acquisition of machinery to be installed at the proposed manufacturing facility. The remaining funds will be used for general corporate purposes.
About Srigee DLM IPO
Incorporated in December 2005, Srigee DLM is involved in design-led manufacturing and assembly services, specialising in plastic injection moulding, tool room & die manufacturing, mobile phone sub-assembly, and polymer compounding and trading. The company caters to various industries including consumer durables, home appliances, automotive components and electronics. It offers high-quality, cost-efficient, and reliable manufacturing solutions to both OEMs and OEDs.
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