Srigee DLM IPO: Manufacturing Dreams at ₹99 a Share

Unknown Apr 02, 2026 600 Views

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 Str...

IPO Structure and Price Band

Price Band: ₹94–₹99 per share
Minimum Lot Size: 1,200 shares (retail investment of ₹1,12,800–₹1,18,800 at the higher band)
Issue Size: ₹16.98 crore (all fresh issue)
Investor Allocation: 50% for Qualified Institutional Buyers (QIBs), 35% for retail, and 15% for Non-Institutional Investors (NIIs).

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

Subscription Dates: May 5–7, 2025
Finalization of Allotment: May 8, 2025
Credit of Shares to Demat: May 9, 2025
Listing Date: May 12, 2025 on the BSE SME exchange.

Use of Proceeds

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

Establishing a new manufacturing unit in Greater Noida (Ecotech-10)
Purchase of sophisticated machinery to increase product variety, cost-effectiveness, and delivery lead times

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

Book-running Lead Manager: GYR Capital Advisors
Registrar: Bigshare Services
Market Maker: Globalworth Securities.

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

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