On the last day of bidding for the Durlax Top Surface Limited IPO, the issue received a good response from the investors with the issue getting oversubscribed 166.79 times led by Non-institutional buyers (NII) who subscribed to the issue 415.06 times. Retail investors subscribed 193.95 times and Qualified institutions (QIB) subscribed 48.29 times, according to chittorgarh.com
Durlax Top Surface Limited launched its IPO with a total value of Rs 40.80 crore, offering 42 lakh shares aggregating to Rs 28.56 crore and offer for sale of 18 lakh shares aggregating to Rs 12.24 crores. The price band for the IPO was set at Rs 65 to Rs 68 per share. The bidding for the SME IPO started on June 19 and ended on June 21. Investors needed to buy at least 2000 shares, requiring an investment of Rs 136,000.
The allotment for Durlax Top Surface IPO was finalised on Monday, June 24.
Investors who bid for the IPO can check the share allotment status on the official website of the registrar for IPO, Bigshare Services Private Ltd.
Durlax Top Surface IPO Allotment status on Bigshare Services
Visit the Bigshare Services website here: https://www.bigshareonline.com/ipo_Allotment.html
Select any of the servers to know your IPO Allotment Status.
Select "Durlax Top Surface Limited" from the company drop-down list on the Public Issues page.
Select either the PAN number, Beneficiary ID or Application number to verify your allotment.
Enter your PAN number, application number or Beneficiary ID.
Enter the 'Captcha' as shown on the screen.
Click on the "Search" button.
Download or print the allotment status for your records.
Durlax Top Surface IPO will list on NSE Emerge with a tentative listing date fixed as Wednesday, June 26.
Durlax Top Surface Limited IPO Timeline
Basis of Allotment: Monday, June 24
Initiation of Refunds: Tuesday, June 25
Credit of Shares to Demat: Tuesday, June 25
Listing Date: Wednesday, June 26
Investors who were successfully allotted the shares of the company will have their demat accounts credited on June 25. The refund procedure will begin on Friday, as soon as the allotment is finalised.
About Durlax Top Surface Limited
Established in 2010, Durlax manufactures solid surface materials. The company has two brands - Luxor and Aspiron. The Gujarat-based company reported a revenue of Rs 90.8 crore and a net profit of Rs 5.05 crore in the last financial year. Expert Global Consultants Pvt. is the sole book-running lead manager, while Bigshare Services is the registrar for the issue.
(With inputs from PTI.)
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