Srigee DLM Limited IPO

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Srigee DLM Limited (formerly Srigee Enterprises Private Limited) is a design-led, end-to-end plastic manufacturing company specializing in providing comprehensive OEM and ODM solutions. Established in 2005, the Company has evolved into a fully integrated player in the plastic injection moulding, tool room & die manufacturing, job work moulding, and polymer compounding and trading industries.

Srigee DLM Limited offers a wide range of services, including:
i. Material Selection and Extrusion                              ii. Tool Room & Die Manufacturing
iii. Precision Injection Moulding                                  iv. In-house Polymer Compounding
v. Final Assembly of Plastic Components

They focus on design-driven manufacturing, ensuring that functionality and manufacturability are optimally integrated at every stage. This approach provides a competitive advantage by enabling faster and cost-effective mold designing and testing, critical for OEM and ODM clients across multiple industries.

Key Business Segments
i. Home Appliances & Utility Products                           ii. Electrical & Electronic Components
iii. Automotive Components                                             iv. Polymer Compounding & Trading

Clientele and Industry Presence

i. Home Appliances: Symphony Limited.
ii. Automotive Components: Starion, Dipty Lal Judge Mal Private Limited (DLJM).
iii. Polymer Compounding & Trading: Syntyche Tradex Enterprises (OPC) Pvt. Ltd.

Vision and Strategy

Srigee DLM Limited is committed to expanding its design and manufacturing capabilities, strengthening supplier partnerships, and continuously enhancing customer satisfaction. By leveraging the extensive industry experience of its promoters, the Company is well-positioned to meet the evolving demands of the OEM/ODM sectors both in India and globally.

Objects of the Srigee DLM Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. To meet out the Capital Expenditure. ii. To meet General Corporate Purposes. iii. To meet out Issue Expenses.
DRHP of Srigee DLM Limited IPO
RHP of Srigee DLM Limited IPO

Srigee DLM Limited IPO Details:

Open Date: May 05 2025
Close Date: May 07 2025
Total Shares: 17,14,800
Face Value: ₹ 10 Per Equity Share
Issue Size: 16.98 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 94 - 99 Per Equity Share
Listing At: BSE SME
Listing Date: May 12 2025

Promoters And Management:

Shashi Kant Singh, aged 41, is the Managing Director and Promoter of the Company. A founding member, he holds an MBA from Sharda University and a Master's and Bachelor's degree from University of Delhi. With over 18 years of experience, he leads the management team, driving growth through visionary leadership and strategic decision-making. Suchitra Singh, aged 33, is the Whole-time Director, Chief Financial Officer, and Promoter of the Company. She holds a B.Tech in Computer Science and has completed a Digital Marketing & Communication Program from MICA. With over 6 years of engineering experience, she drives business development, business excellence, and overall management, while promoting inclusive growth within the Company. Suresh Kumar Singh, aged 66, is the Whole-time Director of the Company. A retired IAS officer, he holds a Graduation and Post-Graduation in Arts from Allahabad University. He previously served as Secretary at Uttar Pradesh State Sugar Corporation Ltd. His extensive experience strengthens the Company's strategic approach, while he oversees its day-to-day operations.

Financials of Srigee DLM Limited IPO:

In Cr.
Particulars December 31, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 54.34 54.42 47.14 33.01
EBITDA 5.64 4.91 4.65 2.24
EBITDA Margins 10.36% 9% 9.85% 6.79%
PAT 3.77 3.09 2.81 1.13
PAT Margins 6.94% 5.69% 5.96% 3.44%
ROCE 25% 26.28% 31.82% 16.48%
D/E Ratio 0.15 0.15 0.24 0.48
CFOA 1.93 1.53 1.75 -0.58

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Srigee DLM  (FY 2024) 54.42 Cr. 9% 5.69% 0.15 59.13 Cr. 19.13*
Amber Enterprises India  (TTM) 9,025 Cr. 7% 2.57% 0.96 20,941 Cr. 94.30
Cyient DLM (TTM) 1,345 Cr. 10% 5.72% 0.20 3,485 Cr. 45.40
*Forward PE is 11.77 on the basis of FY 25 PAT.

Recommendation on Srigee DLM Limited IPO:

Review and Recommendation of Srigee DLM IPO by team IZ is 3/10.

Lead Manager of Srigee DLM Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Srigee DLM Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

Srigee DLM Limited Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida Phone: +91 9911786252 Email: compliance@srigee.com Website: http://www.srigee.com/

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