Durlax India Limited

Published On: 15/06/20241.8 min read

Durlax India Limited has established itself as a prominent name in its sector, known for its commitment to quality and innovation. The company aims to leverage the IPO to fuel further growth and expansion, tapping into new opportunities in the market.

IPO Details

  • Symbol: DURLAX
  • Issue Period: 19th June 2024 to 21st June 2024
  • Cut-off Time for UPI Mandate Confirmation: 21st June 2024 (up to 5:00 PM). Investors are advised to submit their UPI applications well in advance to avoid any last-minute technical issues.

Issue Specifications

  • Issue Size: The IPO comprises a fresh issue aggregating to 42,00,000 equity shares and an offer for sale of 18,00,000 equity shares, including a market maker portion of 3,00,000 equity shares.
  • Issue Type: 100% Book Building
  • Price Range: Rs. 65 to Rs. 68 per equity share
  • Face Value: Rs. 10
  • Tick Size: Re. 1
  • Bid Lot: 2000 equity shares and in multiples thereof
  • Minimum Order Quantity: 2000 equity shares
  • Maximum Subscription Amount for Retail Investors: Rs. 2,00,000
  • IPO Market Timings: 10:00 AM to 5:00 PM

Key Participants

  • Book Running Lead Managers: Expert Global Consultants Private Limited
  • Sponsor Bank: ICICI Bank Limited
  • Registrar: Bigshare Services Private Limited
    • Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India
    • Contact Person: Mr. Vinayak Morble
    • Contact Details: 022-6263 8200, ipo@bigshareonline.com

Categories and Sub-Categories

  • Categories: FI, IC, MF, FII, OTH, CO, IND, and NOH
  • Sub-Categories Applicable for UPI: IND (up to 5 Lakhs)

Important Considerations

  1. UPI Mandate Confirmation: Ensure to confirm UPI mandates before the cut-off time on the last day of the IPO bidding period to avoid any technical or systemic constraints.
  2. Bid Modification: Bid modification for selected fields will only be allowed during the bidding period. Post-bidding modification windows will no longer be available.
  3. Retail Investor Cap: Retail investors can apply for up to Rs. 2,00,000 worth of shares.

Conclusion

Durlax India Limited’s IPO presents a promising investment opportunity for those looking to diversify their portfolio. With a well-defined issue structure and clear timelines, investors are encouraged to participate early and utilize the provided resources to ensure a smooth application process. Stay informed and make your investment decisions wisely.

For more detailed information and updates, visit the NSE official page on Durlax India Limited IPO.

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