Sigree DLM listed on the BSE SME platform

Sigree DLM Ltd., became the 573rd company to get listed on the BSE SME platform. Shashi Kant Singh, MD, Sigree DLM Ltd., along with Radha Kirthivasan, Head Listing and SME, BSE, and others rang the BSE bell to mark the listing on Monday, May 12, 2025. Srigee DLM shares stormed into the market with an impressive 90% listing gain, outperforming grey market expectations. The overwhelming investor interest, especially from NIIs and retail participants, showcases robust market sentiment for small-cap manufacturing firms. Before the listing, Srigee DLM shares were already making noise in the grey market, trading at a premium of over 45%, with an estimated listing price of around Rs144. Srigee DLM's IPO was subscribed 456.80 times. The issue opened for bidding on 5 May 2025 and it closed on 7 May 2025. The price of the IPO was set at Rs 94 to 99 per share. The company intends to utilize the net proceeds to setup manufacturing facility in Greater Noida, Uttar Pradesh, to acquire machineries for proposed manufacturing facility and general corporate purposes.Srigee DLM offers comprehensive end to end plastic manufacturing solutions, with a focus on design-driven production that optimizes functionality and manufacturability. It offers customer comprehensive solutions all under one roof. The company classify its business into four segments, plastic injection moulding & assembly, tool room and die manufacturing, moulding, and polymer compounding and trading.