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The highly anticipated Initial Public Offering (IPO) of Durlax Top Surface Limited is scheduled to open on June 19, 2024, and will remain open for bidding until June 21, 2024. The company has set the Durlax Top Surface IPO price band at ₹65 to ₹68 per equity share. This book build issue, which combines fresh issues with Offers for Sale (OFS), is proposed for listing on the NSE SME Emerge platform.
Ahead of the IPO launch, Durlax Top Surface Limited shares are trading at a premium of ₹15 in the grey market, according to stock market observers. The company aims to raise ₹28.56 crore through the issuance of fresh shares, with an additional ₹12.24 crore allocated through the OFS route. Investors can apply in lots, with each lot comprising 2,000 shares, requiring a minimum investment of ₹1,36,000.
Key highlights
- IPO opening date: June 19, 2024
- IPO closing date: June 21, 2024
- Share allocation finalization: June 22, 2024 (or June 24, 2024, if not announced earlier)
- Listing date: June 26, 2024
- Bigshare Private Ltd is appointed as the official registrar for this book build issue.
The funds raised are poised to be utilized for working capital and strategic initiatives to support sustained growth. The Vapi manufacturing facility is equipped with cutting-edge technologies from Germany and South Korea, underscores the commitment to quality and innovation. Brands like LUXOR and ASPIRON continue to provide durable and stylish solutions across various industries. The IPO proceeds will enhance operational capabilities and market expansion, strategically positioning the company for sustained growth and competitive advantage.