Srigee DLM IPO Opens May 5: All You Need to Know About Price Band, GMP, and Key Insights

India's primary market continues to bustle with fresh listings, and the next company gearing up to make its debut on Dalal Street is Srigee Digital Lifestyle Manufacturing Limited (Srigee DLM). The company has announced its initial public offering (IPO) opening on May 5, 2025, with a price band of ₹94 to ₹99 per equity share.

As retail investors and institutional participants eye this new opportunity, let’s break down every crucial detail—from IPO structure to Grey Market Premium (GMP), financials, company background, and whether Srigee DLM is worth a spot in your portfolio.

Srigee DLM IPO: Key Dates and Details

The IPO is a fresh issue of shares, meaning the proceeds will go directly to the company for business expansion, working capital, and general corporate purposes.

About Srigee DLM: Company Background

Founded in 2010, Srigee Digital Lifestyle Manufacturing Ltd operates in the consumer electronics and smart device accessories space. The company specializes in the design, manufacture, and distribution of a wide range of electronic products including:

• Smart wearable devices

• Power banks

• Mobile chargers

• Smart audio products (Bluetooth speakers, wireless earbuds)

• IoT-enabled consumer devices

Srigee DLM has built its manufacturing capabilities at its production unit located in Noida, Uttar Pradesh. It has also secured OEM contracts from leading brands in India and overseas, positioning itself as a reliable and quality-conscious manufacturer.

Objective of the IPO

The company plans to utilize the net proceeds from the IPO for the following purposes:

1. Capital Expenditure – To enhance production capacity and purchase machinery.

2. Working Capital Requirements – To meet the growing operational demands.

3. R&D and Product Development – Focus on smart home and wearable devices.

4. General Corporate Purposes – Brand building, expansion, and tech investments.

Srigee DLM Financial Snapshot

Srigee DLM has shown impressive revenue growth over the last three financial years, thanks to strong B2B tie-ups and expanding product lines.

EBITDA margins have consistently improved, reflecting better cost control and operational efficiency. This positive trajectory makes Srigee DLM an interesting IPO bet in the consumer electronics domain.

Srigee DLM IPO GMP Today: What's the Grey Market Saying?

As of May 2, 2025, market sources report that the Srigee DLM IPO Grey Market Premium (GMP) is hovering around ₹32-35 per share, indicating a 30-35% expected listing gain over the upper price band of ₹99.

However, investors are advised to treat GMP as an unofficial indicator. It reflects sentiment but not a guaranteed outcome.

Competitive Landscape

Srigee DLM operates in a competitive yet fast-evolving space. Key rivals include:

• Dixon Technologies

• Lava International

• Boat (Imagine Marketing)

• Portronics

While Srigee is smaller in scale, it differentiates itself with OEM partnerships and a growing export footprint. It also emphasizes in-house R&D and proprietary designs, something many contract manufacturers lack.

Strengths and Risks

Key Strengths

• Diversified product portfolio in fast-growing segments

• OEM relationships with major brands

• Scalable manufacturing with focus on quality

• Healthy financial growth and profitability

• Exposure to export markets and D2C play

Risks to Consider

• Heavy dependence on OEM clients

• Technology rapidly evolves—risk of obsolescence

• Working capital-intensive operations

• Limited brand visibility in the B2C market

Should You Subscribe to the Srigee DLM IPO?

For Long-Term Investors:

The IPO offers a good opportunity to ride India’s electronics manufacturing growth wave. Srigee’s growing footprint in wearables and smart accessories aligns with consumer demand trends.

If the company sustains its revenue growth and expands its customer base, it can unlock significant value. Long-term investors may find merit in subscribing.

For Listing Gains:

With a GMP of ₹30+ and a reasonably priced issue, the IPO seems well-placed to deliver listing day profits. The valuation appears fair when compared to similar small-cap tech manufacturers in the SME segment.

Final Verdict:

✅ Subscribe for listing gains and consider holding long-term if financials continue to improve.

Expert Opinions on Srigee DLM IPO

“Srigee DLM has built an interesting niche in the fast-moving world of digital lifestyle products. While scale remains a constraint, their strategy to capture OEM and export demand is commendable.”
— Rajiv Mehta, IPO Analyst at Axis Securities

“With the Make in India and PLI schemes, electronics manufacturing is gaining momentum. Srigee DLM stands to benefit from this shift. However, investors should evaluate the SME risks before investing.”
— Meera Desai, Research Head, CapitalMint Advisors

Post-IPO Growth Potential

After the IPO, Srigee DLM aims to:

• Increase production capacity by 60%

• Expand into smart home product lines

• Enter new markets in South-East Asia

• Build a direct-to-consumer (D2C) presence via online platforms

If these targets are met, the company may migrate from the SME platform to the mainboard within the next 3-4 years.

FAQs: Srigee DLM IPO

Q1. What is the lot size for Srigee DLM IPO?
A: The lot size is 150 shares, which amounts to ₹14,850 at the upper band.

Q2. Is Srigee DLM a mainboard IPO?
A: No, it is an SME IPO and will list on NSE Emerge.

Q3. What is the current GMP of Srigee DLM IPO?
A: The grey market premium is approximately ₹32-35 per share.

Q4. Can retail investors apply?
A: Yes, retail investors can apply using UPI or ASBA.

Q5. Will the shares be available in demat only?
A: Yes, the IPO is in dematerialized (demat) form only.

The Srigee DLM IPO opens a new chapter for a promising player in India’s growing electronics manufacturing ecosystem. With favorable pricing, decent financials, and promising GMP, the IPO has garnered attention among investors looking for a mix of short-term gains and long-term growth.

However, as with all SME IPOs, due diligence is key. Review the red herring prospectus (RHP), understand your risk profile, and invest accordingly.