Silkflex IPO

Silkflex Polymers (India) Ltd

₹1,04,000 /2000 sharesMinimum Investment

Silkflex IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹52.00₹60.00₹8.00 (15.38%)

Silkflex IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 May ‘24 - 10 May ‘24₹1,04,0002,000₹52 - ₹52
Issue SizeIPO Doc
18.11Cr
RHP PDF

About the company

Silkflex Polymers (India) Limited is engaged in the trading of textile printing inks and water-based wood coating polymer products from the Malaysian brand "Silkflex," produced by Silkflex Polymers SDN BHD ("Silkflex Malaysia"). Silkflex Malaysia is a garment printing ink manufacturer. The company operates a manufacturing facility in Malaysia and distributes its products worldwide through authorized agents. The countries where Silkflex Malaysia supplies its products include India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh, and Indonesia. As of the date of the prospectus, Silkflex has the right to sell the products of Silkflex Malaysia and use the Silkflex brand name in India. Silkflex offers a range of products, including 108 textile printing ink products and 51 wood coating polymer products. The company sells its products in five Indian states including Gujarat, West Bengal, Tamil Nadu, Punjab, and Rajasthan.;
Founded in
2016
Managing director
Mr. Tushar Lalit Kumar Sanghavi
Parent organisation
Silkflex Polymers (India) Ltd

Strength and risks

Strengths
Risks
The company entered into an agreement with Silkflex Malaysia on October 1, 2016, for the distribution and sale of its water-based textile printing inks. Additionally, Silkflex secured an agreement with Silkflex Malaysia on October 1, 2019, to distribute and sell its wood coating polymer products. These agreements also grant Silkflex the rights to use the Silkflex brand name in India.
Silkflex products are certified to ZDHC Confidence Level 3 (Zero Discharge of Hazardous Chemicals).
Silkflex products are manufactured in the plants of Silkflex Polymers Sdn. Bhd., Malaysia. The company has the right to distribute and sell in India.
Silkflex products are accredited with Eco-Passport certificate issued by Oeko-Tex® and GOTS-version 7.0 (Global Organic Textile Standard) certificate
The company reported a consistent rise in revenue from operations with Rs. 20.75 cr in FY 2021, Rs. 27.82 cr in FY 2022 and Rs. 34.21 cr in FY 2023. It reported Profit after tax of Rs. 0.61 cr, Rs. 0.92 cr and Rs. 1.08 cr in FY 2021, 2022 and 2023 respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular52 - 52₹2 Lakh
High Networth Individual52 - 52₹2 - 5 Lakh
For Silkflex IPO, eligible investors can apply as Regular.
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