Srigee DLM IPO Day 2: Check Subscription Status, GMP Today
Last Updated:
Unlisted shares of Srigee DLM Ltd are currently trading at Rs 129 apiece in the grey market, which is a 30.30 per cent premium over the upper IPO price of Rs 99.
Srigee DLM IPO Day 2: The initial public offering of Srigee DLM Ltd received a strong response on its first day of bidding on Monday, May 5. The three-day IPO will be closed on Wednesday, May 7. Now, till 10:34 am on the second day of bidding on May 6, the Rs 16.98-crore BSE SME IPO received a strong 21.67 times subscription garnering bids for 2,47,78,800 shares as against 11,43,600 shares on offer.
The retail and NII participation stood at 24.49 times and 41.82 times, respectively. The qualified institutional buyers (QIB) category has received a 1.45 times subscription on the Day 2 so far.
The IPO was fully subscribed in less than an hour of its opening on Monday. On the first day of bidding, it was subscribed by 13.77 times.
The price band of the Srigee DLM IPO has been fixed in the range of Rs 94 to Rs 99 apiece.
For investors, the minimum lot size for an application is 1,200. The minimum amount of investment required by retail investors Rs 1,18,800 on an upper price band. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to Rs 2,37,600.
Srigee DLM IPO GMP Today
According to market observers, unlisted shares of Srigee DLM Ltd are currently trading at Rs 129 apiece in the grey market, which is a 30.30 per cent premium over the upper IPO price of Rs 99. It indicates a decent listing gains for investors on May 12, the tentative listing date.
The IPO will be listed on the BSE SME platform.
After the IPO closes on May 7, the Srigee DLM IPO allotment will likely be finalised on May 8.
The Srigee DLM IPO is entirely a fresh issue of 17.15 lakh shares. Its price band has been fixed at Rs 94 to Rs 99 per share.
As of December 31, 2024, Srigee DLM Limited reported revenue of Rs 54.34 crore and a profit after tax (PAT) of Rs 3.77 crore. The market capitalisation for the Srigee DLM IPO stands at Rs 59.14 crore.
As per the red herring prospectus (RHP),the company's listed peers are Amber Enterprises India Ltd (with a P/E of 169.65), and Cyient DLM Ltd (with a P/E of 55.46).
GYR Capital Advisors Private Limited is the book-running lead manager of the Srigee DLM IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Srigee DLM IPO is Globalworth Securities Limited.
First Published:
May 06, 2025, 10:44 IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Piramal Enterprises sees asset under management crossing ₹1 trn in FY26
Piramal Enterprises Chairman Ajay Piramal on Monday said the asset under management (AUM) of the NBFC firm is expected to cross Rs 1 trillion during the current financial year on the back of strong performance. The consolidated AUM grew by 17 per cent to Rs 80,689 crore, exceeding the stated target of 15 per cent growth during FY25, Piramal said while addressing shareholders at the Annual General Meeting (AGM). "With strong performance across our retail and wholesale businesses in FY2025, we are now well positioned to build upon the platform and leverage the investments that have been made. As our three-year transformation journey nears completion, we look ahead with optimism," he said. In FY2026, he said, "we expect to further build on the momentum, growing our total AUM by about 25 per cent to exceed Rs 1 trillion, with growth AUM projected to rise about 30 per cent. Retail lending is expected to contribute 8085 per cent of total AUM." During the 2024-25, Piramal Capital & Housing Finance Ltd was renamed Piramal Finance Ltd. and converted from an NBFC-Housing Finance Company (HFC) to an NBFC-Investment and Credit Company (ICC). Piramal Finance is classified as an upper-layer NBFC and ranks among the top 10 private-sector NBFCs in India. "We have received RBI approval for the merger of Piramal Enterprises and Piramal Finance. The NCLT process is underway and expected to conclude by around September 2025," he said. During FY25, the NBFC had undertaken global borrowings programme, with a total raise of USD 815 million. Of this, USD 550 million was secured through social loans and sustainability-linked bonds. External Commercial Borrowings (ECBs) now constitute 10 per cent of total borrowings, he said. He further said, "Our growth business profits, coupled with monetisation of embedded value, are expected to drive robust earnings in FY2026. We currently estimate consolidated PAT of over Rs 1,300 crore in FY2026, up from Rs 485 crore in FY2025. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Centre okays ₹3,667 cr plan for road, infra development in Himachal Pradesh
The Union government has approved the annual plan of Rs 3,667 crore for the construction and up-gradation of roads, bridges and related infrastructure in Himachal Pradesh for the financial year 2024'25, said Public Works Minister Vikramaditya Singh on Monday. The plan includes construction of bridges, road widening, installation of crash barriers and other works on national highways across various districts of the state, he said in a statement issued here. The minister said that he recently met Union Minister for Road Transport and Highways Nitin Gadkari and discussed important issues related to the state, appraising him that presently the state has around 1,200 kilometres of roads under the national highway network and requested to enhance central assistance for their maintenance and improvement of road and other related works. He said that while the state had submitted an annual plan of Rs 2,600 crore for the financial year 2023'24, but received only Rs 269 crore, which was insufficient. However, for the financial year 2024'25, the state government proposed a plan worth Rs 3,667 crore, which has now been approved by the Centre in June. Vikramaditya Singh informed that he had also raised the issue of constructing a tunnel beneath Jalori Jot in Kullu district and the Central Government has given in-principle approval and sanctioned Rs 1,452 crore for this tunnel. The 4.2 km long Jalori Jot tunnel under the Jalori pass in Kullu district would provide all-year connectivity to Banjat and Anni areas. He said that the construction of this tunnel would not only boost tourism in the area but also benefit lakhs of residents in the region. He said that due to repeated landslides near Brauni Nala in Shimla district on National Highway-5 (Hindustan-Tibet Road), the stretch has suffered serious damage and to address this, the Centre has approved Rs 135 crore for the construction of a bridge at this location. Apart from this, the Central government has sanctioned Rs 1,385 crore for the four-laning of the Kala Amb Paonta Sahib on Dehradun road. It includes land acquisition and pre-construction activities. The PWD minister expressed his gratitude to Union Minister Nitin Gadkari and the Central government for approving significant funds for the state. He said he was hoping that strong coordination between the Centre and the State would continue in the future. Singh said that during his Delhi visit, he also met Union Defence Minister Rajnath Singh and raised the issue of the proposed Bhubu Jot tunnel and road connecting Mandi and Kullu districts and requested that the road leading to the tunnel be declared a strategically important defence route. He said that the state was hopeful of a positive outcome on this vital road project in the near future. Once completed, the road would reduce the distance between Pathankot and Kullu by 40 to 50 kilometres which would boost tourism and also benefit local residents as well as the Indian Army.
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data
The central government's fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping Rs 2.69 trillion dividend received from the Reserve Bank of India. The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 trillion in April. Following the RBI's dividend payout, the Centre's fiscal deficit was reduced to 0.8 per cent of BE of 2025-26 or Rs 13,163 crore, the data released by the Controller General of Accounts (CGA) showed. The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP or Rs 15.69 trillion. It stood at 3.1 per cent of BE of 2024-25 in the first two months of the previous financial year. According to the CGA, the amount the government received under the head 'dividends and profits' was Rs 2.78 trillion or 86 per cent of the BE. The data on monthly accounts showed that the Government of India received Rs 7.32 trillion, 21 per cent of corresponding BE 2025-26 of total receipts, up to May 2025. This comprised Rs 3.5 trillion tax revenue (net to centre), Rs 3.56 trillion of non-tax revenue and Rs 25,224 crore of non-debt capital receipts. CGA said Rs 1.63 trillion has been transferred to state governments as devolution of share of taxes by the Government of India, which was Rs 23,720 crore higher than the previous year. Total expenditure incurred by the Centre was Rs 7.46 trillion, 14.7 per cent of corresponding BE 2025-26. Of the total expenditure, Rs 5.24 trillion was in the revenue account and Rs 2.21 trillion in the capital account. Out of the total revenue expenditure, Rs 1.47 trillion was on account of interest payments and Rs 51,253 crore towards major subsidies.
