IPO IPO-Synopsis
Durlax Top Surface Ltd

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Registered Office: 301 Jaisingh Commonspace Dayal,Das.Rd FP362 WE H.W Vile Parle , Mumbai - 400057 , Maharashtra , India.
Phone : +91-75067 99831   Fax:
Email :  cs@durlaxindia.com  
Website :  www.durlax.com
Initial public offer of 60,00,000** equity shares of face value of Rs10/- each ("Equity Shares") of Durlax Top Surface Limited ("Company") for cash at a price of Rs68/- per equity share (including a share premium of Rs58/- per equity share) ("Offer Price") aggregating to Rs40.80.** crores comprising a fresh issue of 42,00,000** equity shares aggregating to Rs28.56** crores by the company ("Fresh Issue") and an offer for sale of 18,00,000** equity shares aggregating to Rs12.24** crores by the promoter selling shareholder, (the "Offered Shares") (the "Offer for Sale" and together with the fresh issue, the "Offer") of which 3,00,000** equity shares aggregating to Rs2.04** crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer, less market maker reservation, i.e. net offer 57,00,000** equity shares of face value of Rs10/- each at price of Rs68/- per equity share aggregating to Rs38.76** crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 36.08% and 34.28% respectively of the fully-diluted post-offer paid-up equity share capital of the company. The face value of equity shares is Rs10/- each. The offer price is 6.8 times the face value of the equity shares. **Subject to finalization of the basis of allotment.

Issue Money Payable On
Opens On Closes On Application Allotment
19-Jun-24 21-Jun-24 Rs68.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 23.50
Expert Global Consultants Pvt Ltd
Project Financed through Current Offer 40.80  
Post Issue Equity Share Capital 16.63  
Issue Price Rs68.00  
Projects
Part Finance to meet the working capital requirementsGeneral corporate purposes
Promoted By
Shravan Suthar
Lalit Suthar
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd