A Middle-Class Manufacturer’s Big League Entry
Imagine a small-town manufacturer that’s been quietly powering products behind the scenes for nearly two decades — suddenly knocking at Dalal Street’s door. That’s Srigee DLM for you.
Founded in 2005, Srigee DLM was once just another name in plastic manufacturing. Fast forward to 2025 — they’re launching an IPO worth ₹16.98 crores. But is it just another SME listing or something bigger? Let’s break it down.
IPO Highlights at a Glance
| Details | Info |
|---|---|
| IPO Open Date | May 5, 2025 |
| IPO Close Date | May 7, 2025 |
| Listing Date | May 12, 2025 (BSE SME) |
| Price Band | ₹94 to ₹99 per share |
| Face Value | ₹10 |
| Issue Size | ₹16.98 Crores (100% Fresh Issue) |
| Lot Size | 1200 shares |
| Min Investment | ₹1,18,800 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
💡 Heads-up for retail investors: There’s only 1 lot you can apply for, so make it count!
What Does Srigee DLM Actually Do?
Srigee isn’t just another plastic manufacturer — it specializes in OEM (Original Equipment Manufacturing) and ODM (Original Design Manufacturing). Think of them like the backstage crew at a big concert — making sure everything looks and works perfectly for other brands.
They don’t just make plastic; they create design-backed, cost-effective, mass-scalable solutions. Their business model thrives on efficiency, automation, and relationships — something that’s allowed them to grow even when the industry saw headwinds.
Srigee’s Financial Track Record — Stable, Not Spectacular
Here’s a peek at their last three years of performance:
| Year | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| 2022 | 33.04 | 1.13 | 16.23 |
| 2023 | 47.25 | 2.81 | 19.89 |
| 2024 | 54.65 | 2.97 | 24.99 |
Consistent growth? Yes.
Skyrocketing returns? Not yet.
But here’s the kicker — they’ve maintained healthy profit margins and a low debt-equity ratio (0.16), which shows strong internal control.
Key IPO Metrics You Should Know
| KPI | Value |
|---|---|
| ROE | 23.61% |
| ROCE | 27.85% |
| EBITDA Margin | 8.83% |
| PAT Margin | 5.46% |
| EPS (FY2024) | ₹7.22 |
| NAV | ₹34.18 |
| Debt-to-Equity | 0.16 |
These numbers reflect a profitable and low-risk SME — something investors usually struggle to find.
Should You Invest in Srigee DLM IPO?
Let’s get real — this isn’t a Zomato-style unicorn. But for long-term investors who believe in steady growth and India’s manufacturing story, Srigee could be a sleeper hit.
Here’s why:
- Clean balance sheet and rising revenues
- Focus on cost efficiency and backward integration
- Niche market with high repeat demand
- Experienced promoters with a tech-savvy mindset
Still, don’t expect a 5x pop on listing day. This IPO suits investors who want to bet on consistent cash flows, not adrenaline-pumping volatility.
Who’s Behind Srigee?
The company is led by Mr. Shashi Kant Singh and Mrs. Suchitra Singh, who have decades of industry experience. Their vision is simple: Build strong capabilities, reduce costs, and be a partner of choice for global brands needing plastic components.
How to Apply for Srigee DLM IPO
You can apply through any of the following:
- ASBA via Net Banking (Bank’s IPO section)
- UPI via broker platforms like Zerodha, Groww, Upstox
- Offline application through your broker
Real Talk: Who Should Skip This IPO?
- Traders expecting 2x-3x listing gains
- Investors with low capital (₹1.2 lakh is steep for retail)
- Those unfamiliar with SME risk dynamics
But if you’re okay with parking your money in a small but serious player, this IPO is worth your attention.
FAQ – Srigee DLM IPO
Q1. What is the Srigee DLM IPO issue size?
₹16.98 crores (100% fresh issue)
Q2. What is Srigee DLM’s lot size and minimum investment?
1200 shares; ₹1,18,800 minimum
Q3. When will Srigee DLM IPO open and list?
Open: May 5, 2025 | Close: May 7 | List: May 12 (BSE SME)
Q4. Is Srigee DLM IPO good for listing gains?
Not guaranteed. It’s more suitable for long-term investors.
Q5. How to apply for Srigee IPO?
Use NetBanking (ASBA) or UPI through brokers like Zerodha or Upstox.
Final Verdict: Invest for Steady Growth, Not Quick Bucks
Srigee DLM isn’t trying to be flashy — it’s trying to be reliable. And in a market full of hype, sometimes that’s the smartest bet.
If you’re building a portfolio that prioritizes cash flows, discipline, and real manufacturing strength, this might just be your kind of IPO.