Srigee DLM Limited is launching its Srigee DLM Limited IPO on the BSE SME platform, with the subscription window open from May 5 to May 7, 2025.
The company aims to raise approximately ₹16.98 crores through this book-built issue, priced between ₹94 and ₹99 per share.
Established in 2005, Srigee DLM Limited specializes in plastic manufacturing, offering both OEM and ODM services.
The company focuses on cost efficiency, backward integration, and robust manufacturing capabilities. The promoters are Mr. Shashi Kant Singh and Mrs. Suchitra Singh.
Srigee DLM Limited IPO Details
- Opening Date: May 5, 2025
- Closing Date: May 7, 2025
- IPO Closing Date: May 7, 2025
- Basis of Allotment Finalization: May 8, 2025
- Initiation of Refunds: May 9, 2025
- Credit of Shares to Demat Accounts: May 9, 2025
- Listing Date on BSE SME: May 12, 2025
- Issue Size: ₹16.98 crores (entirely fresh issue)
- Price Band: ₹94 – ₹99 per share
- Face Value: ₹10 per share
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,18,800
- Registrar: Bigshare Services Pvt Ltd
- Lead Manager: GYR Capital Advisors Pvt Ltd
- ISIN: INE0RJ901010
- BSE Script Code: SRIGEEDLM
The IPO is priced between ₹94 and ₹99 per share, with a lot size of 1,200 shares, requiring a minimum investment of ₹1,18,800. The total issue size is ₹21.01 crore.
Promoters of Srigee DLM Limited
The promoters of Srigee DLM Limited are Mr. Shashi Kant Singh and Mrs. Suchitra Singh, both of whom play pivotal roles in the company’s leadership and strategic direction.
Mr. Shashi Kant Singh
- Position: Founder, Promoter, and Managing Director
- Role: Mr. Singh has been instrumental in establishing and expanding Srigee DLM since its inception in 2005. Under his leadership, the company has evolved into a trusted manufacturing partner known for quality, innovation, and precision.
Mrs. Suchitra Singh
- Position: Whole-Time Director, Chief Financial Officer (CFO), and Promoter
- Role at Srigee DLM: Appointed as CFO on September 22, 2023, Mrs. Singh oversees the company’s financial operations, implementing new standards for inclusive growth.
Educational Background:
- Bachelor of Technology in Computer Science (2012)
- Completed courses in Financial Management from SBI and Digital Marketing & Communication from MICA
Professional Experience:
- Former Research Associate at Pranab Mukherjee Foundation
- Former Senior Systems Engineer at Infosys Limited
Srigee DLM Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 1,200 | ₹1,18,800 |
| Retail (Maximum) | 1 | 1,200 | ₹1,18,800 |
| HNI (Minimum) | 2 | 2,400 | ₹2,37,600 |
Please note that the minimum investment amount is calculated based on the upper end of the price band (₹99 per share). Therefore, the minimum investment required is ₹1,18,800 (1,200 shares × ₹99).
Srigee DLM Limited IPO Promoter Holding
As of the latest available information, the promoter holding details for Srigee DLM Limited are as follows:
| Shareholding | Percentage |
| Pre-IPO Promoter Holding | 63.44% |
| Post-IPO Promoter Holding | – |
Promoters of Srigee DLM Limited
- Mr. Shashi Kant Singh: Founder, Promoter, and Director. He has been instrumental in establishing and expanding Srigee DLM since its inception in 2005.
- Mrs. Suchitra Singh: Whole-Time Director, Chief Financial Officer (CFO), and Promoter. She oversees the company’s financial operations, implementing new standards for inclusive growth.
About Srigee DLM Limited
Srigee DLM Limited is a design-led manufacturing company specializing in plastic injection molding and electronics manufacturing services (EMS). Established on December 20, 2005, as Srigee Enterprises Pvt. Ltd., the company has evolved into a public limited entity, headquartered in Greater Noida, Uttar Pradesh, India.
Company Overview
- Founded: December 20, 2005
- Headquarters: Greater Noida, Uttar Pradesh, India
- Industry: Plastic Injection Molding and Electronics Manufacturing Services
- Workforce: Over 650 professionals
- Manufacturing Facilities: Multiple units in Greater Noida
Srigee DLM offers comprehensive solutions encompassing:
- Plastic Injection Molding: Producing components for consumer electronics, home appliances, and automotive sectors.
- Electronics Manufacturing Services (EMS): Providing OEM and ODM services, including assembly lines for mobile phones and other electronic devices.
- Tooling Services: In-house design and manufacturing of precision molds and dies.
- Polymer Compounding and Trading: Custom-engineered polymer solutions and trading services.
The company’s commitment to quality, innovation, and customer satisfaction has positioned it as a trusted partner for various multinational corporations.
Financial Highlights
| Fiscal Year | Revenue | Profit After Tax | Assets |
| 2022 | ₹33.04 | ₹1.13 | ₹16.23 |
| 2023 | ₹47.25 | ₹2.81 | ₹19.89 |
| 2024 | ₹54.65 | ₹2.97 | ₹24.99 |
Key Ratios (FY 2024):
- EPS: ₹7.22
- Return on Net Worth (RoNW): 20.40%
- Equity (ROE): 23.61%
- Capital Employed (ROCE): 27.85%
- EBITDA Margin: 8.83%
- PAT Margin: 5.46%
- Debt-to-Equity Ratio: 0.16
- Net Asset Value (NAV): ₹34.18
Key Performance Indicator (KPI)
| KPI | Value | Interpretation |
|---|---|---|
| Revenue from Operations | ₹54.65 Crores | Indicates a 15.8% growth from ₹47.25 Crores in FY 2023. |
| Net Profit After Tax (PAT) | ₹2.97 Crores | Reflects a 5.7% increase from ₹2.81 Crores in FY 2023. |
| Earnings Per Share (EPS) | ₹7.22 | Demonstrates profitability per share. |
| Return on Net Worth (RoNW) | 20.40% | Indicates efficient utilization of equity capital. |
| Return on Equity (ROE) | 23.61% | Reflects the company’s ability to generate profits from shareholders’ equity. |
| Return on Capital Employed (ROCE) | 27.85% | Shows the company’s efficiency in generating profits from its capital employed. |
| EBITDA Margin | 8.83% | Indicates operational profitability. |
| PAT Margin | 5.46% | Reflects the percentage of revenue that translates into profit. |
| Debt-to-Equity Ratio | 0.16 | Suggests low financial leverage. |
| Net Asset Value (NAV) | ₹34.18 | Represents the company’s book value per share. |
Objects of the Issue of Srigee DLM Limited IPO
- Capital Expenditure: To set up a manufacturing facility at Plot No. 15, Ecotech – X, Industrial Area, Greater Noida, Uttar Pradesh, and to acquire machinery for this facility.
- General Corporate Purposes: For general corporate needs, with the amount not exceeding 25% of the gross proceeds of the issue.
- Issue Expenses: To cover expenses related to the IPO process.
The detailed breakdown of the capital expenditure is as follows:
- Setting up the manufacturing facility: ₹542.78 lakhs
- Acquisition of machinery: ₹951.00 lakhs
- General corporate purposes: To be finalized based on the issue price
- Issue expenses: To be determined
The total estimated cost for the proposed manufacturing facility is ₹1,493.78 lakhs. The company intends to fund this through a combination of the IPO proceeds and internal accruals.
As of September 15, 2024, the company had incurred some expenditure towards this project. Detailed figures will be updated in the final prospectus prior to filing with the Registrar of Companies.
Strengths of Srigee DLM Limited IPO
- Consistent Revenue and Profit Growth: Srigee DLM has demonstrated steady growth in both revenue and profitability over the past three fiscal years. In FY 2024, the company reported a revenue of ₹54.43 crore and a net profit of ₹3.09 crore, reflecting a healthy financial trajectory.
- Strong Return Ratios: The company return ratios, with a Return on Equity (ROE) of 21.08% and a Return on Capital Employed (ROCE) of 25.80% in FY 2024. These figures indicate efficient utilization of equity and capital.
- Low Debt Levels: Srigee DLM maintains a low debt-to-equity ratio of 0.15 as of FY 2024, suggesting a conservative approach to leveraging and a lower financial risk profile.
- Attractive Valuation: With a Price-to-Earnings (P/E) ratio of approximately 11.43, the IPO is priced below the average sector P/E of 20.08, potentially offering value to investors.
- Established Clientele: The company serves reputable Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs), including brands like Symphony, Starion, and Dipty Lal Judge Mal (DLJM), indicating strong industry relationships.
Risks of Srigee DLM Limited IPO
- Dependence on Key Clients: A significant portion of revenue is concentrated among a few clients. Any adverse changes in these relationships could impact financial performance.
- Capital Expenditure Plans: The company plans to set up a new manufacturing facility and acquire machinery, which involves substantial investment and execution risks. Delays or cost overruns could affect profitability.
- Industry Competition: The plastic and polymer sector is competitive, with numerous players vying for market share. Intense competition could pressure margins and market positioning.
- Economic Sensitivity: The company’s performance is linked to the economic cycles of industries it serves, such as automotive and home appliances. Economic downturns in these sectors could adversely affect demand.
- Regulatory Risks: Changes in environmental and manufacturing regulations could necessitate additional compliance costs or operational adjustments.
Conclusion:
Srigee DLM Limited presents a promising investment opportunity with its strong financial performance, attractive valuation, and established client base.
However, potential investors should consider the associated risks, particularly concerning client concentration and capital expenditure plans.
Conducting thorough due diligence and consulting with a financial advisor is recommended before making investment decisions.
Srigee DLM Limited IPO Contact Details
Registered Office Address
Srigee DLM Limited
Plot No. 434, Udyog Kendra 2, Ecotech 3
Greater Noida – 201306
Uttar Pradesh, India
View on Google Maps
Contact Information
- Phone/WhatsApp: +91 98117 96252
- Email: info@srigee.com
Manufacturing Units
- Unit 1: Plot No. 434, Udyog Kendra 2, Greater Noida – 201306
- Unit 2 & 3: Plot No. 39 & 40, Udyog Vihar Extension, Greater Noida – 201306
- Unit 4: D-20, Block B, UPSIDC Site C, Surajpur, Greater Noida – 201306
Online Presence
- Website: www.srigee.com
- LinkedIn: Srigee DLM Ltd
Investor Relations
- Contact Person: Arjun Singh (Finance & Accounts)
- Phone: +91 92507 50204
- Email: info@srigee.com
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