Srigee DLM came to market through an SME IPO that opened on 5 May 2025 and closed on 7 May 2025, and the shares listed on 12 May 2025 on BSE SME. The price band was ₹94 to ₹99 per share and one lot was 1200 shares, so the minimum application was ₹1,18,800. The issue size was ₹16.98 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and GYR Capital Advisors Private Limited was the lead manager.
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Incorporated on December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited started off with plastic mouldings of consumer durables. By 2013, Srigee DLM Private Limited diversified into home appliance mouldings and increased its capacity by incorporating sophisticated injection molding machines.
Srigee DLM Private Limited deals in design-driven manufacturing and assembly services, including plastic injection moulding, tool room & die manufacturing, cellular phone sub-assembly, and polymer compounding & trading.The company serves industries such as consumer durables, home appliances, automotive components, and electronics by providing high-quality, cost-effective, and reliable manufacturing solutions to top OEMs. Business Verticals:
Plastic Injection Moulding & Assembly Tool Room & Die Manufacturing Cellular Phone Assembly & Moulding Polymer Compounding & Trading With an emphasis on quality, timely delivery, and cost-effectiveness, Srigee DLM Private Limited has established long-term relationships with industry leaders such as Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd.
(DLJM), and Syntyche Tradex Enterprises.Srigee DLM Private Limited is also growing its presence with a new unit at Ecotech-10, Greater Noida, to concentrate on electronics, electrical assembly, and sophisticated plastic moulding. As of August 31, 2024, the firm employs 21 permanent staff.
As described in the offer document.
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Mr. Shashi Kant Singh, Mrs. Suchitra Singh.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Srigee DLM IPO was a ₹16.98 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹94–₹99 per share with a lot size of 1,200 shares (₹1,18,800). The IPO was open from May 5 to May 7, 2025. Shares listed on BSE SME on May 12, 2025 at ₹188.10, a 90.0% premium to the issue price of ₹99. Bigshare Services Pvt Ltd is the registrar. GYR Capital Advisors Private Limited is the book running lead manager.
The price band of Srigee DLM IPO is ₹94 to ₹99 per share.
The lot size of Srigee DLM IPO is 1200 shares.
The minimum investment for Srigee DLM IPO is approximately ₹1,18,800 based on the upper price band.
The allotment date of Srigee DLM IPO is May 8, 2025.
Srigee DLM IPO's final recorded GMP before listing was ₹35 per share (a 35% premium over the ₹99 upper price band). The shares listed at ₹188.1. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Srigee DLM IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Srigee DLM IPO allotment status on Rupix for quick and easy access.
₹94 to ₹99 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,18,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,18,800, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 May 2025 and closed on 7 May 2025.
The basis of allotment was published on 8 May 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 May 2025 on BSE SME.
The issue size was ₹16.98 crore. The fresh issue was 17,14,800 shares (aggregating up to ₹16.98 crore).