The Srigee DLM IPO, a highly anticipated SME IPO, closed its subscription window on May 7, 2025, after witnessing an extraordinary response from investors. With the subscription period now concluded, all eyes are on the allotment process, which is set to be finalized on Thursday, May 8, 2025. This article provides a fresh and comprehensive guide on how investors can check the Srigee DLM IPO allotment status, key details about the IPO, and what to expect next.
Overview of Srigee DLM IPO
Srigee DLM Limited, a prominent player in the plastic manufacturing industry since its inception in 2005, launched its SME IPO to raise approximately ₹16.98 crores. The IPO, which opened for subscription on May 5 and closed on May 7, 2025, offered 17.15 lakh fresh equity shares at a price band of ₹94 to ₹99 per share. The minimum lot size for retail investors was 1,200 shares, requiring an investment of ₹1,18,800 at the upper price band.
The IPO was met with overwhelming demand, achieving an overall subscription rate of 490.93 times. Non-Institutional Investors (NIIs) led the charge with a subscription of 1,534.66 times, followed by Retail Individual Investors (RIIs) at 243.71 times, and Qualified Institutional Buyers (QIBs) at 136.52 times. This remarkable response highlights the strong investor confidence in Srigee DLM’s growth potential and its robust business model, which spans plastic injection molding, tool and die manufacturing, mobile phone assembly, and polymer compounding.
How to Check Srigee DLM IPO Allotment Status
The allotment status for the Srigee DLM IPO will be available on May 8, 2025, through the registrar’s website, Bigshare Services Pvt Ltd, or the BSE website. Investors can follow these simple steps to check their allotment status online or offline:
Option 1: Check on Bigshare Services Website
- Visit the official Bigshare Services IPO allotment page: https://ipo.bigshareonline.com/ipo_status.html.
- Select “Srigee DLM Limited” from the dropdown menu of IPOs.
- Choose one of the following options to search: PAN Number, Application Number, or Demat Account Number (DP ID).
- Enter the selected detail (e.g., your PAN number).
- Click “Search” to view your allotment status on the screen.
- Optionally, download or print the status for your records.
Option 2: Check on BSE Website
- Go to the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx.
- Under “Issue Type,” select “Equity.”
- Choose “Srigee DLM” from the “Issue Name” dropdown menu.
- Enter your PAN Number or Application Number.
- Complete the CAPTCHA verification by clicking “I am not a Robot.”
- Click “Submit” to check your allotment status.
Option 3: Check via Demat Account or Bank
- Demat Account: Log in to your Demat account through your broker or depository participant (Zerodha, Upstox, Paytm Money, etc.). Check if the allotted shares have been credited to your account.
- Bank Account: If you applied via ASBA (Applications Supported by Blocked Amount), check your bank account for a confirmation SMS indicating the debit of funds for the allotted shares. The SMS typically includes details like “Bank Name Account XXX is debited with INR XXX on Date. Info: Srigee DLM IPO.”
- Broker: Contact your broker to confirm whether shares have been credited to your account.
IPO Date
- Allotment Finalization: May 8, 2025
- Share Crediting to Demat Accounts: May 9, 2025
- Refund Initiation for Non-Allotted Investors: May 9, 2025
- Listing Date: May 12, 2025, on the BSE SME platform
Grey Market Premium (GMP) and Listing Expectations
Shrigee DLM IPO has created a lot of buzz in the grey market, with its unlisted shares trading at a grey market premium (GMP) of around ₹33 as of May 8, 2025. This means the estimated listing price per share is around ₹132, indicating a potential listing gain of 33.33% over the upper price band of ₹99. The GMP has shown an upward trend, increasing from ₹10.5 at the time of announcement of the price band to ₹33 by the allotment date, indicating strong optimism among investors.
While the GMP is not an official indicator, it reflects market sentiment and demand for the IPO. Investors should note that grey market trends are speculative and should consider the company’s fundamentals before making investment decisions.
Why Srigee DLM IPO Attracted Investors
Srigee DLM’s strong fundamentals and strategic vision have contributed to its IPO’s success. Established in 2005, the company has grown into a leading plastic manufacturing solutions provider, serving OEM and ODM clients across consumer durables, home appliances, automotive components, and electronics. Its in-house capabilities, including advanced injection molding, die design, and polymer compounding, enable cost-efficient and high-quality production.
The company reported revenue of ₹54.65 crores in 2024, up from ₹47.25 crores in 2023, and a profit of ₹3.10 crores in 2024 compared to ₹2.81 crores in 2023. The IPO proceeds will be used to set up a new manufacturing facility in Gautam Budh Nagar, Uttar Pradesh, purchase machinery, and meet general corporate expenses, further strengthening its growth trajectory.
Tips for Investors
- Act Promptly: Check your allotment status as soon as it’s available on May 8 to plan your next steps.
- Verify Details: Ensure you have your PAN, Application Number, or Demat Account details handy to avoid delays.
- Monitor Listing: With a strong GMP and high subscription, the listing on May 12 could offer attractive returns, but market conditions may influence performance.
- Long-Term Perspective: Given Srigee DLM’s solid financials and growth plans, consider holding shares for long-term gains if allotted.
Conclusion
Srigee DLM IPO has caught the attention of investors with its massive subscription and promising grey market trends. Once the allotment status is available on May 8, 2025, investors can use BigShare Services or the BSE website or their demat accounts to check their allotment. With the listing of shares on the BSE SME platform on May 12, the IPO presents an exciting opportunity for those who secure allotment. Stay tuned for updates, and best of luck to all applicants!
Disclaimer: The grey market premium (GMP) is based on unofficial market trends and should not be the sole basis for investment decisions. Always consult a financial advisor before investing in IPOs.
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