IPO
Durlax Top Surface’s Rs.40.80 Cr IPO subscribed over 161 times
Solid surface maker Durlax Top Surface's INR 40.80 crore initial public offer has been oversubscribed nearly 161 times. The IPO received bids for around 87 crore shares against 60 lakh shares on offer for subscription.Non-institutional investor category was subscribed over 415 times. Retail segment was subscribed over 202 times and the qualified investor segment was subscribed over 48 times.The company, which has a factory at Vapi in Gujarat, had reported revenue of INR 90.84 crore and a net profit of INR 5.05 crore for FY 2023-24.
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