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15 Days Price Change

Durlax Top Surface IPO

Closing In

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Profile
Issue Size --
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Price Range 65  to  68 per share
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Min Investment ₹68
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Durlax Top Surface Limited, formerly known as Durlax Archtech Private Limited, is an Indian company specializing in the manufacturing of solid surface materials. Established in 2010, the company has its manufacturing facility located in Vapi, Gujarat. Durlax Top Surface Limited offers its products under two main brands: LUXOR and ASPIRON. The LUXOR brand provides acrylic UV solid sheets, while the ASPIRON brand offers modified solid sheets. Both brands are known for their seamless designs, antibacterial properties, and fire-retardant features, making them suitable for a wide range of applications. The company's solid surface materials find applications across various industries, including residential, commercial, hospitality, healthcare, and outdoor projects. These materials are used for countertops, vanities, office spaces, retail outlets, hotels, hospitals, and more, providing stylish and durable solutions. With a focus on quality and innovation, Durlax Top Surface Limited aims to meet the diverse needs of its customers while ensuring high standards of performance and reliability. As of September 25, 2023, the company employed approximately 70 people. Durlax Top Surface Limited continues to expand its presence in the market by offering a comprehensive range of solid surface materials and maintaining a strong commitment to customer satisfaction and product excellence. Read More

Basic Info

Face Value 10 per share

Price 65  to  68 per share

P/E (x) 14.2

Sales( Cr.) 123

PAT( Cr.) 7

EPS 4.8

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Shravan Suthar

Pre Issue Share Holding 95.44%

Post Issue Share Holding 60.35%

Listing Details:

Listing Price: 100.29348270027

Listing Gain: 32.2%

Current Price: 51.6

Gain On Issue: 51.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 19, 2024
Closing Date Jun 21, 2024
Allotment Jun 24, 2024
Refund Jun 25, 2024
Delivery of Shares Jun 25, 2024
Listing Date Jun 26, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 136,000
Retail (Max) 1 2000 136,000
S-HNI (Min) 2 4000 272,000
S-HNI (Max) 7 14000 952,000
B-HNI (Min) 8 16000 1,088,000

Objective of the Issue

1. Part finance the working capital requirements. 2. General corporate purposes. 3. To meet the offer expenses.

Issue

Category Nos Bid Bid (x)
QIB 3000000 144870000 48.3x
NII 2100000 871626000 415.1x
Retail 900000 174555000 194x
EMP 0 0 0x
Total 6000000 1000740000 166.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Durlax Top Surface Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 20 47 67 91 123
Other Income 0 0 0 0 2
Total Income 20 47 67 91 125
Total Expenditure 15 41 59 81 109
Operating Profit 5 7 8 10 16
Interest 3 3 3 4 4
Depreciation 2 3 2 2 2
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 1 2 4 10
Provision for Tax 1 0 0 0 2
Profit After Tax -1 0 2 4 7
Adjustments 0 0 0 0 0
Profit After Adjustments -1 0 2 4 7
Adjusted Earnings Per Share -0.7 0.4 1.7 3.2 4.5

Durlax Top Surface Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 13 17 22 58
Minority's Interest 0 0 0 0 0
Borrowings 26 19 17 21 7
Other Non-Current Liabilities 1 0 1 1 1
Total Current Liabilities 19 39 42 62 50
Total Liabilities 58 72 77 106 115
Fixed Assets 24 22 19 20 18
Other Non-Current Assets 1 1 1 1 4
Total Current Assets 32 49 57 84 92
Total Assets 58 72 77 106 115

Durlax Top Surface Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities -3 2 4 -17 -7
Cash Flow from Investing Activities -0 -0 -0 -4 -4
Cash Flow from Financing Activities 3 -1 -4 21 10
Net Cash Inflow / Outflow 0 0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 0 0

Durlax Top Surface Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.7 0.41 1.69 3.21 4.51
CEPS(Rs) 1.13 2.65 3.56 5.01 5.98
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 9.78 10.92 13.48 17.22 34.58
Core EBITDA Margin(%) 23.45 14.02 11.71 11.1 11.41
EBIT Margin(%) 13.41 8.54 8.38 8.71 11.18
Pre Tax Margin(%) 0.4 1.64 3.23 4.54 8.13
PAT Margin (%) -4.22 1.02 3.14 4.4 6.11
Cash Profit Margin (%) 6.82 6.62 6.62 6.87 8.11
ROA(%) -1.43 0.75 2.82 4.38 6.81
ROE(%) -7.13 3.95 14.13 20.96 19
ROCE(%) 5.34 7.99 10.57 11.65 14.79
Receivable days 95.25 81.94 87.6 92.41 96.9
Inventory Days 459.05 210.98 187.72 176.51 147.67
Payable days 196.3 120.46 133.6 108.28 55.22
PER(x) 0 0 0 0 6.88
Price/Book(x) 0 0 0 0 0.9
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 1.9 0.81 0.72 0.79 0.82
EV/Core EBITDA(x) 7.75 5.74 6.1 7.09 6.23
Net Sales Growth(%) 0 142.29 40.92 36 35.13
EBIT Growth(%) 0 54.43 38.27 41.35 73.39
PAT Growth(%) 0 158.68 332.55 90.67 87.72
EPS Growth(%) 0 158.69 312.73 90.26 40.31
Debt/Equity(x) 3.24 3.04 2.21 2.84 0.8
Current Ratio(x) 1.72 1.26 1.34 1.34 1.85
Quick Ratio(x) 0.4 0.48 0.43 0.55 0.85
Interest Cover(x) 1.03 1.24 1.63 2.09 3.66
Total Debt/Mcap(x) 0 0 0 0 0.82

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 35% 38% 0% 0%
Operating Profit CAGR 60% 32% 0% 0%
PAT CAGR 75% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 8% NA% NA% NA%
ROE Average 19% 18% 10% 10%
ROCE Average 15% 12% 10% 10%

Company Contact Information

Durlax Top Surface Ltd.

Unit No 1601 16th Floor Synergy Business Park Premises Coop Society Ltd B H D Virwani Industrial Estate Sahakarwadi Off Vishweshwar Nagar Road, Goregaon (E)

IPO Lead Manager(s)

Durlax Top Surface Ltd.

Expert Global Consultants Pvt Ltd.

Registrar Info

Durlax Top Surface Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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