{"id":38736,"date":"2024-06-15T12:16:04","date_gmt":"2024-06-15T06:46:04","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/06\/15\/durlax-top-surface-limited-ipo-opens-on-june-19-2024\/"},"modified":"2024-06-15T12:16:04","modified_gmt":"2024-06-15T06:46:04","slug":"durlax-top-surface-limited-ipo-opens-on-june-19-2024","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/06\/15\/durlax-top-surface-limited-ipo-opens-on-june-19-2024\/","title":{"rendered":"Durlax Top Surface Limited IPO Opens on June 19, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], June 15:<\/strong> Durlax Top Surface Limited,\u00a0specializing in manufacturing solid surface materials, has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0June\u00a019, 2024. The company is aiming to raise\u00a0\u20b940.80\u00a0Crores\u00a0at the\u00a0upper band\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n<p>The fresh issue size is\u00a042,00,000\u00a0equity shares and offer for sale (OFS) is\u00a018,00,000\u00a0at face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>\u25cf\u00a0QIB Anchor Portion \u2013\u00a0Up To\u00a017,04,000\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013\u00a0Up To\u00a011,40,000\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a08,56,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013\u00a0Up To\u00a020,00,000Equity Shares\u00a0<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a03,00,000\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized for Working Capital Requirements and General Corporate Purposes. The bidding for Anchor portion will open on June 18, 2024, the issue will open for subscription for all other category from June 19, 2024 and closes on June 21, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0Expert Global Consultants Private Limited.\u00a0The Registrar to the Issue is\u00a0Bigshare Services Private Limited.<\/p>\n<p>Mr. Shravan Suthar, Chairman and Managing Director of Durlax Top Surface Limited expressed, \u201cOur decision to launch our IPO marks a pivotal moment for Durlax Top Surface Limited. This move is driven by our commitment to expanding our operations and meeting the growing demand for our premium solid surface materials. The funds raised will be utilized for our working capital and supporting our strategic initiatives for sustained growth. Our manufacturing facility in Vapi, equipped with cutting-edge technologies from Germany and South Korea, underscores our dedication to delivering quality and innovation. Through brands like LUXOR and ASPIRON, we aim to continue providing durable and stylish solutions across diverse industries, both locally and internationally.\u201d<\/p>\n<p>\u00a0Mr. Gaurav Jain, Founder &amp; Director of Expert Global Consultants Private Limited said, \u201cThe solid surfaces industry in India, particularly the countertop segment, is poised for substantial growth driven by increasing consumer preference for higher-quality materials. This trend is mirrored in the expanding home decor market, which benefits from rising disposable incomes and a burgeoning e-commerce landscape. Durlax Top Surface Limited\u2019s IPO proceeds allocated towards enhancing operational capabilities and market expansion are strategically poised to capitalize on these favourable industry dynamics, ensuring sustained growth and competitive advantage.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 15: Durlax Top Surface Limited,\u00a0specializing in manufacturing solid surface materials, has&#8230;<\/p>\n","protected":false},"author":2,"featured_media":38737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1331],"class_list":["post-38736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/38736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=38736"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/38736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/38737"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=38736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=38736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=38736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}