Company Name | Srigee DLM Limited |
Company Type | SME |
Sector | Capital Goods – Non Electrical Equipments |
Promoter Holding – Pre IPO | 63.44% |
Promoter Holding – Post IPO | 45.22% |
Dilution (%) | 18.22% |
Fresh Issue | 17,14,800 Shares – 16.98 Cr |
OFS | – |
Offer Size | INR 16.98 Cr |
Price Band | INR 94-99 per share |
Cost of one Lot | INR 1,18,800 |
No. of shares Post-IPO | 59,73,600 Shares |
Market Cap | INR 59 Cr |
FY22 Profit | INR 1.1 Cr |
FY23 Profit | INR 2.8 Cr |
FY24 Profit | INR 3.1 Cr |
9MFY25 Profit | INR 3.8 Cr |
P/E | 13x |
Last year Sales Growth | 33% |
Opening Date | 5-May-2025 |
Closing Date | 7-May-2025 |
Listing Date | 12-May-2025 |
Wikipedia | https://www.srigee.com/ |
DRHP | http://www.cmlinks.com/pub/dp/dp94007.pdf |
Question 1: What is the overview of the Company ?
Srigee DLM Ltd., established in 2005 and headquartered in Greater Noida, Uttar Pradesh, is a design-led manufacturing company specializing in plastic injection molding and polymer compounding. Over the years, the company has evolved into a comprehensive manufacturing solutions provider, catering to various industries including electronics, automotive, and home appliances.
Core Business Activities:
- Plastic Injection Molding: Srigee DLM offers precision plastic injection molding services, producing complex, high-quality plastic components. The company has expanded its capabilities to serve multiple multinational corporations (MNCs) in the electronics and electrical sectors.
- Assembly Lines: The company operates robust assembly lines for electrical appliances and consumer electronics, including mobile phones and remote controls. This vertical integration allows Srigee DLM to provide end-to-end manufacturing solutions.
- Polymer Compounding and Trading: Srigee DLM engages in advanced polymer compounding, offering custom-engineered solutions to meet diverse industry requirements. Additionally, the company trades high-quality polymers, ensuring reliable sourcing for clients’ manufacturing needs.
- Tooling Services: Through its in-house tool room, Srigee DLM provides precision mold designing, prototyping, and maintenance services, delivering tooling solutions for various industries.
Clientele:
Srigee DLM has established long-term relationships with prominent clients such as Symphony Limited in the home appliances sector, Starion in electronics, and Dipty Lal Judge Mal Private Limited (DLJM) in automotive components. In the field of polymer compounding and trading, clients include Syntyche Tradex Enterprises (OPC) Pvt. Ltd.
Operational Footprint:
The company operates two manufacturing units located in Greater Noida:
- Unit 1: D–20, Site–C, UPSIDC Surajpur Industrial Area
- Unit 2: Plot No. 39 & 40, Ecotech 2, Udyog Vihar Extension
These facilities support Srigee DLM’s integrated manufacturing processes, from polymer compounding to final product assembly.
With a commitment to quality, timely delivery, and cost efficiency, Srigee DLM continues to be a reliable supplier in the OEM industry, consistently meeting and exceeding client expectations.

Segment wise Revenue Bifurcation:

Geographywise Revenue Bifurcation:

Top 5 Customers for 9 Month ended December,2024

Installed Capacity and Capacity Utilization:


Question 2: Who are the promoters of the Company?
1. Mr. Shashi Kant Singh
Role: Managing Director
Appointment Date: December 20, 2005
Professional Background: Mr. Singh has been at the helm of Srigee DLM since its inception in 2005. Under his leadership, the company has transformed from a modest operation into a fully integrated leader in plastic injection molding, mastering custom polymer compounds and precision mold design.
2. Mrs. Suchitra Singh
Roles: Whole-Time Director and Chief Financial Officer (CFO)
Appointment Date: September 25, 2023
Professional Background: Mrs. Singh plays a pivotal role in overseeing the financial operations of Srigee DLM. Her responsibilities encompass financial planning, risk management, and ensuring the company’s financial health aligns with its strategic objectives.
3. Mr. Suresh Kumar Singh
Role: Whole-Time Director
Appointment Date: September 25, 2023
Professional Background: Mr. Singh brings extensive experience from the sugar industry, having served as Managing Director for several state-run sugar corporations in Uttar Pradesh. His expertise in large-scale operations and governance contributes significantly to Srigee DLM’s strategic direction.
4. Mr. Randhir Singh
Role: Chairman and Non-Executive Director
Appointment Date: March 25, 2010
Professional Background: As Chairman, Mr. Singh provides strategic oversight and guidance to the board, ensuring that the company’s long-term vision and governance standards are upheld.
5. Mr. Mukti Chowdhary
Role: Non-Executive Independent Director
Appointment Date: September 25, 2023
Professional Background: Mr. Chowdhary serves as the Chairman of the Audit Committee and the Nomination and Remuneration Committee. His independent oversight ensures transparency and accountability in the company’s financial and governance practices.
6. Mr. Navin Chandra
Role: Non-Executive Independent Director
Appointment Date: September 25, 2023
Professional Background: Mr. Chandra contributes to the Audit Committee and the Nomination and Remuneration Committee, bringing an independent perspective to the company’s governance and strategic decisions.
Question 3: How company performed in the past ?
Particular (INR Cr.) | FY22 | FY23 | FY24 | 9MFY25 |
Total Revenue | 33 | 47 | 54.5 | 54.4 |
Net Profit | 1.1 | 2.8 | 3.1 | 3.8 |
Question 4: How much money is the company raising and why?
In the IPO, the company is offering 17.14 Lakh shares, priced at INR 94-99 per share, aggregating to total of INR 16.98 Cr, with a lot size of 1200 shares. For the purpose of:
To meet capital expenditure requirements:
1 .To set up a manufacturing facility at greater Noida, Uttar Pradesh – INR 5.42 Cr
2. Purchase of machinery – INR 9.51 Cr
General Corporate Purpose – INR 2.05 Cr
Question 5: How much money is the company raising and why?
Particular | Market Cap (In Cr.) | P/E |
Srigee DLM Limited | 59 | 13x |
Amber Enterprises India Limited | 21,535 | 97x |
Cyient DLM LImited | 3,673 | 48x |
✅ Strengths
- Integrated Manufacturing Capabilities
Srigee DLM offers end-to-end manufacturing services—from plastic injection molding to polymer compounding and final assembly—making it a one-stop solution for clients. - Diverse Client Base
The company caters to multiple industries such as consumer electronics, home appliances, automotive, and electrical equipment, reducing dependence on any single sector. - In-House Tool Room & Design Capabilities
Its in-house mold design and tooling services provide customization and faster turnaround for clients, enhancing value addition. - Established Track Record
With operations since 2005, the company has built longstanding relationships with key customers, indicating reliability and operational stability. - Experienced Promoters and Leadership
Led by promoters with domain expertise and supplemented by independent directors from public sector and financial backgrounds, the governance structure is professionally set up.
❌ Weaknesses
- Limited Geographic Presence
The company’s manufacturing units are currently confined to Greater Noida. This geographic concentration could pose operational risks (e.g., disruptions due to local issues). - High Client Concentration
A significant portion of revenue may come from a few large customers. Loss of any key customer could adversely impact business. - Low Brand Visibility
As a B2B manufacturer, Srigee DLM has low consumer brand recognition, which can limit its pricing power and market differentiation. - Dependent on Raw Material Prices
The company’s profitability is vulnerable to fluctuations in polymer and resin prices, which are linked to crude oil prices and global supply chains. - Competitive Industry Landscape
Operating in a highly competitive and fragmented industry with numerous small and mid-sized players puts pressure on margins.
📝 IPO Registrar
- Company: Bigshare Services Private Limited
- Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai – 400093, Maharashtra, India
- Contact Person: Mr. Babu Rapheal C.
- Phone: +91 22 6263 8200
- Fax: +91 22 6263 8299
- Email: ipo@bigshareonline.com
- Investor Grievance Email: investor@bigshareonline.com
- Website: www.bigshareonline.com
💼 Lead Manager
- Company: GYR Capital Advisors Private Limited
🏢 Srigee DLM Ltd. – Company Addresses
Registered Office:
- Address: Plot No. 434, Udyog Kendra 2, Ecotech III, Greater Noida – 201306, Uttar Pradesh, India
- Phone: +91 9811796252
- Email: info@srigee.com
Manufacturing Units:
- Unit 1 – Polymer Trading & Raw Material:
- Address: Plot No. 434, Udyog Kendra, Extension II, Ecotech I, Greater Noida – 201306
- Unit 2 & 3 – Electronics Assembly & Tool Room:
- Address: Plot No. 39–40, Ecotech 2, Udyog Vihar Extension, Greater Noida – 201306
- Unit 4 – Injection Moulding:
- Address: D-20, Block B, UPSIDC Site C, Surajpur Industrial Area, Greater Noida – 201306
📌 General FAQs
1. What does Srigee DLM Ltd. do?
Srigee DLM is a design-led manufacturing company that specializes in plastic injection molding, polymer compounding, and electronic product assembly for industries such as electronics, home appliances, and automotive.
2. When was Srigee DLM Ltd. established?
The company was incorporated in 2005 and is headquartered in Greater Noida, Uttar Pradesh.
3. Who are the promoters of the company?
The promoters are Mr. Shashi Kant Singh (Managing Director) and Mrs. Suchitra Singh (Whole-Time Director & CFO).
📈 IPO-Related FAQs
4. What is the IPO opening and closing date?
The IPO dates will be officially announced soon. Please refer to SEBI or the company’s lead manager/registrar for updates.
5. What is the price band for Srigee DLM IPO?
The price band will be disclosed in the Red Herring Prospectus (RHP) and market announcements closer to the IPO date.
6. What is the lot size for the IPO?
The minimum and maximum lot sizes will be declared before the issue opens.
7. Is Srigee DLM Ltd. IPO an SME IPO or Mainboard?
Srigee DLM Ltd. IPO is an SME IPO and will be listed on NSE Emerge.
💼 Application Process
8. How can I apply for the Srigee DLM IPO?
You can apply through ASBA-enabled bank accounts via your net banking platform or through brokers offering UPI-based IPO applications.
9. Where will the shares be listed?
Shares will be listed on the NSE Emerge platform (NSE’s SME segment).
🤝 Registrar and Lead Manager
10. Who is the registrar for the IPO?
Bigshare Services
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