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Events / Business / Srigee DLM IPO Opens Strong
Business initial public offering

Srigee DLM IPO Opens Strong

Analysis based on 8 articles · First reported May 01, 2025 · Last updated May 06, 2025

Sentiment
70
Attention
4
Articles
8
Market Impact
General
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Market Impact

The IPO of Srigee DLM is expected to generate significant investor interest, indicated by its strong subscription status and grey market premium, potentially leading to a robust listing on the BSE SME. This event provides a new investment opportunity in the manufacturing sector, particularly for design-led manufacturing and assembly services.

Manufacturing Electronics Automotive
Event Summary

Srigee DLM, a design-led manufacturing company specializing in plastic injection moulding and mobile phone sub-assembly, launched its initial public offering (IPO) on May 5, with the subscription closing on May 7. The IPO aims to raise Rs 16.98 crore through a fresh issue of 17.15 lakh shares, with a price band of Rs 94-Rs 99 per share. The company plans to utilize the proceeds for capital expenditure, including establishing a new manufacturing facility in India — Uttar Pradesh and acquiring advanced machinery. The IPO has seen strong investor interest, being fully subscribed within an hour on its first day and reaching 21.67 times subscription by the second day. Market observers note a significant grey market premium, suggesting a strong listing on the BSE SME platform, scheduled for May 12. GYR Capital Advisors Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Globalworth Securities Limited is the market maker for the IPO.

Key Actions
90 Srigee DLM plans to use proceeds
80 Srigee DLM launched IPO
50 Srigee DLM reported revenue
Entities Involved
oth
Srigee DLM
Srigee DLM is launching its IPO to raise capital for expansion, which is expected to enhance its market position and profitability.
Importance 100.0 Sentiment 75.0
priv
GYR Capital Advisors Private Limited
GYR Capital Advisors Private Limited is the book-running lead manager for the Srigee DLM IPO.
Importance 40.0 Sentiment 0.0
priv
Globalworth Securities Limited
Globalworth Securities Limited is the market maker for the Srigee DLM IPO.
Importance 40.0 Sentiment 0.0
priv
Bigshare Services Private Limited
Bigshare Services Private Limited is the registrar for the Srigee DLM IPO.
Importance 40.0 Sentiment 0.0
exch
BSE SME
The Srigee DLM IPO will be listed on the BSE SME platform.
Importance 30.0 Sentiment 0.0
stock
Amber Enterprises India
Amber Enterprises India is mentioned as a peer company for comparison in the IPO prospectus.
Importance 10.0 Sentiment 0.0
stock
Cyient
Cyient is mentioned as a peer company for comparison in the IPO prospectus.
Importance 10.0 Sentiment 0.0
loc
India — Uttar Pradesh
Importance 0.0 Sentiment 0.0
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