Srigee DLM makes a grand entry on the BSE SME platform with a 90% premium on its debut. The company, known for plastic injection moulding and assembly services, saw an overwhelming 490.93x subscription for its IPO.
Srigee DLM Ltd. made an impressive debut on the BSE SME platform on 12 May 2025, with shares opening at ₹188.10 apiece, reflecting a remarkable 90% premium over its issue price of ₹99. The company, based in India, specializes in design-oriented manufacturing and assembly services, with expertise in plastic injection moulding, tool room and die production, mobile phone sub-assembly, and polymer compounding. Srigee DLM caters to a wide range of industries, including consumer goods, home appliances, automotive components, and electronics.
The IPO, which opened for bidding on 5 May 2025 and closed on 7 May 2025, was met with overwhelming investor demand. It was subscribed a staggering 490.93 times, signaling strong market confidence in the company’s growth prospects. The IPO comprised a fresh issue of 17,14,800 equity shares, raising ₹16.98 crore. Notably, there was no offer-for-sale (OFS) component.
Srigee DLM’s debut comes on the back of a solid business foundation. Since its inception, the company has evolved from producing plastic mouldings for consumer items to diversifying into mouldings for home appliances, with significant capacity upgrades. With state-of-the-art manufacturing techniques and a robust portfolio of clients, the company has established itself as a key player in its sector.
The IPO proceeds are set to fund capital expenditures, including acquiring new machinery and supporting general corporate needs. The listing price of ₹188.10 per share is a positive indicator for investors, especially considering the premium of ₹45 in the grey market leading up to the IPO’s debut.
This stellar performance positions Srigee DLM as a stock to watch, especially given its promising growth trajectory in the manufacturing and assembly services sectors.
