Srigee DLM IPO - Day 3 Subscription at 158.26 Times

Srigee DLM's initial public offering (IPO) has shown extraordinary progress through its three-day subscription period. The ₹16.98 crore IPO has witnessed overwhelming demand, with subscription rates opening strongly at 13.77 times on day one, surging to 57.06 times on day two, and reaching an exceptional 158.26 times by 12:44 PM on the final day, demonstrating remarkable investor enthusiasm for this design-led manufacturing company that specializes in plastic injection moulding, tool room & die manufacturing, mobile phone sub-assembly, and polymer compounding & trading.

Srigee DLM IPO non-institutional investors segment leads with an extraordinary 439.61 times subscription, while retail investors show tremendous interest at 118.23 times and qualified institutional buyers demonstrate solid participation at 15.90 times, reflecting broad-based investor confidence in this company that caters to industries like consumer durables, home appliances, automotive components, and electronics with high-quality, cost-efficient manufacturing solutions for leading OEMs including Symphony Limited, Starion, and Dipty Lal Judge Mal Pvt. Ltd.
 

Subscription Status of Srigee DLM IPO:

Here are the subscription details for Srigee DLM IPO as of Day 3 (May 7, 2025, 12:44 PM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights

• Overall subscription reaching extraordinary 158.26 times, showing exceptional investor enthusiasm
• NII segment showing unprecedented demand at 439.61 times, nearly four times day two's 111.94 times
• Retail investors demonstrating tremendous interest at 118.23 times, almost double day two's 65.08 times
• QIB segment showing significant growth to 15.90 times, up from steady 1.45 times on previous days
• Total applications reaching 73,715, indicating widespread investor participation
• Cumulative bid amount reaching an impressive ₹1,791.78 crores, more than 105 times the issue size
• All investor categories showing substantial oversubscription, reflecting broad-based confidence
• Final day subscription figures among the highest seen in recent SME IPOs
   

Srigee DLM IPO - Day 2 Subscription at 57.06 Times

Key Highlights:

• Overall subscription surging to 57.06 times, showing more than four-fold growth from day one
• NII segment showing extraordinary demand at 111.94 times, more than quadrupling day one's 25.46 times
• Retail investors showing strong enthusiasm at 65.08 times, more than four times day one's 15.75 times
• QIB segment maintaining steady interest at 1.45 times, unchanged from day one
• Day two momentum indicating exceptional investor confidence across multiple categories
• Market response highlighting strong belief in design-led manufacturing and plastic moulding sectors
• Manufacturing expertise attracting significant investor attention
• Second day setting stage for potentially record-breaking final day subscription levels

Srigee DLM IPO - Day 1 Subscription at 13.77 Times

Key Highlights:

• Overall subscription opening remarkably strong at 13.77 times, showing exceptional first-day interest
• NII segment beginning impressively at 25.46 times, indicating strong high net-worth investor confidence
• Retail investors showing robust initial interest at 15.75 times, reflecting strong individual participation
• QIB segment showing good initial interest at 1.45 times on day one
• Opening day demonstrating extraordinary investor engagement across categories
• Initial momentum reflecting highly positive assessment of manufacturing sector opportunity
• Plastic injection moulding and tool manufacturing expertise drawing significant investor interest
• First day setting exceptional subscription baseline suggesting potential for massive oversubscription

About Srigee DLM Limited

Founded in December 2005 as Srigee Enterprises Private Limited, Srigee DLM Limited has evolved from its origins in plastic mouldings for consumer durables. By 2013, the company diversified into home appliance mouldings and enhanced its capacity by adding advanced injection molding machines. Today, it is engaged in design-led manufacturing and assembly services across four key business verticals: Plastic Injection Moulding & Assembly, Tool Room & Die Manufacturing, Cellular Phone Assembly & Moulding, and Polymer Compounding & Trading.

Financial performance shows steady growth with revenue increasing from ₹33.04 crores in FY2022 to ₹54.65 crores in FY2024, while profit after tax rose from ₹1.13 crores to ₹3.10 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹54.47 crores with PAT of ₹3.77 crores. With 61 permanent employees as of January 2025, the company maintains strong profitability metrics with 24.49% ROE, 25.80% ROCE, and 20.44% RONW, while operating with minimal debt as reflected in its low debt-to-equity ratio of 0.15.

Highlights of the Srigee DLM IPO:

• IPO type: Book Building IPO
• IPO size: ₹16.98 crores
• Fresh Issue: 17.15 lakh shares
• Face value: ₹10 per share
• Issue price: ₹99 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,18,800
• Minimum investment for HNI: ₹2,37,600 (2 lots)
• Market maker reservation: 86,400 shares
• Anchor portion: 4,84,800 shares (₹4.80 crores raised)
• Listing at: BSE SME
• IPO opens: May 5, 2025
• IPO closes: May 7, 2025
• Allotment date: May 8, 2025
• Listing date: May 12, 2025