Srigee DLM's IPO, aiming to raise Rs 16.98 crore, was over-subscribed, set to list on May 12.

Srigee DLM's IPO on the BSE SME platform was over-subscribed on its first day, aiming to raise Rs 16.98 crore. The company plans to use the funds for setting up a new manufacturing plant and acquiring machinery. Shares are priced between Rs 94 to Rs 99, with the IPO expected to list on May 12. Srigee DLM specializes in plastic injection molding and supplies to major OEMs in consumer durables, automotive, and electronics sectors. The company reported a revenue of Rs 54.65 crore and a net profit of Rs 3.1 crore for FY24.