Silkflex Polymers (India) Limited IPO Closed

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IPO date 07th – 10th May 2024
Listing date 15 May 2024
Type SME
Price range 71 – 75
Minimum order quantity 2000
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Silkflex Polymers (India) Limited is launching its IPO. The offer opens for subscription on May 7, 2024, and closes on May 10, 2024.

Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.

What does Silkflex Polymers (India) Limited do?

Silkflex Polymers (India) Limited specializes in trading textile printing inks and water-based wood coating polymers from the Malaysian brand “Silkflex,” produced by Silkflex Polymers SDN BHD. Silkflex Malaysia, a prominent garment printing ink manufacturer, supplies its products globally, including India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh, and Indonesia.

Their product range includes 108 textile printing ink products and 51 wood coating polymer products. Agreements with Silkflex Malaysia grant them distribution rights and the use of the Silkflex brand name in India. Additionally, a Technology Transfer Agreement allows them to manufacture certain Silkflex products in India, although production has not yet commenced.

They have a longstanding association with Silkflex Malaysia, exceeding 7 years. Silkflex products adhere to ZDHC and other international standards for environmental and chemical safety. Headquartered in West Bengal, the company operates branch offices in Gujarat, Maharashtra, Tamil Nadu, Rajasthan, and Punjab, all equipped with the necessary infrastructure.

Schedule/Timeline of Silkflex Polymers (India) Limited IPO

Issue Period 7th May to 10th May 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment May 13, 2024
Initiation of Refunds May 14, 2024
Credit of Shares May 14, 2024
Date of Listing May 15, 2024
Mandate end date May 25, 2024
Anchor Investors Lock-In End Date (50% of the investment) June 12, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 11, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Silkflex Polymers (India) Limited IPO?

You can apply for the Silkflex Polymers (India) Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Silkflex Polymers (India) Limited IPO?

You can check the allotment status for the Silkflex Polymers (India) Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.