Srigee DLM IPO: Manufacturing Dreams at ₹99 a Share

Noida-headquartered design-driven manufacturing firm Srigee DLM opened its initial public offering (IPO) on Friday, May 5, 2025. The IPO has the goal of raising ₹16.98 crore via a fresh issue of 17.15 lakh equity shares and will stay open for subscription until May 7, 2025.

 

IPO Structure and Price Band

Grey Market Premium (GMP)

The IPO has witnessed significant traction in the grey market. Until the latest update, the Srigee DLM IPO is being traded at a GMP of ₹10–₹10.5 per share, which represents more than a 10% premium over the top price band of ₹99.

 

Timeline and Listing

Use of Proceeds

Srigee DLM intends to use the proceeds from the IPO for:

General Corporate Objectives.

 

Company Overview and Financials

Srigee DLM is a leading player in plastic injection moulding, tool and die making, mobile phone sub-assembly, and trading of polymers to top OEMs in consumer durables, automotive, and electronics industries. The company's revenue stood at ₹54.65 crore and net profit was ₹3.1 crore for the year FY24 with the profit improvement continuing during the nine months ended December 2024.

 

Lead Managers and Registrar

Investor Takeaway

With a robust GMP and targeted expansion plans, Srigee DLM's IPO is attracting the attention of investors, especially in the SME space. The company's growth pattern and sectoral presence are considered to be favorable pointers for possible subscribers.

 

Sources: Economic Times, Live Hindustan, Angel One, Moneycontrol, IPO Watch, Business Standard