As the Indian SME IPO market gains momentum in May 2025, two notable offerings—Srigee DLM Limited and Manoj Jewellers Limited are capturing investor attention. Both companies are set to list on the BSE SME platform on May 12, 2025, with their subscription windows open from Srigee DLM Limited IPO in india May 5 to May 7, 2025. While they share similar timelines and issue sizes, their business models, financials, and growth strategies differ significantly. This article provides a detailed comparison to help make informed decisions.
📊 IPO Snapshot
| Feature | Srigee DLM Limited | ManojJewellers Limited |
| IPO Dates | May 5–7, 2025 | May 5–7, 2025 |
| Listing Date | May 12, 2025 | May 12, 2025 |
| Issue Size | ₹16.98 crore | ₹16.20 crore |
| Price Band | ₹94–₹99 per share | ₹54 per share (fixed price) |
| Lot Size | 1,200 shares | 2,000 shares |
| Minimum Investment | ₹1,12,800 | ₹1,08,000 |
| Listing Exchange | BSE SME | BSE SME |
| Registrar | Bigshare Services Pvt Ltd | Bigshare Services Pvt Ltd |
| Lead Manager | GYR Capital Advisors Pvt Ltd | Not specified |
Business Overview
Srigee DLM Limited
Established in 2005, Srigee DLM specializes in designed manufacturing services, including plastic injection molding, tool and die making, and sub-assembly for consumer durables, electronics, and automotive sectors. The company plans to utilize IPO proceeds to establish a new manufacturing facility in Uttar Pradesh, aiming to enhance production IPO Launche today capacity and operational efficiency.
Manoj Jewellers Limited
Founded in 2007, ManojJewellers operates in the retail and wholesale trade of gold and diamond jewelry, with two showrooms in Chennai. The company offers a diverse range of BIS-hallmarked products, including rings, necklaces, bangles, and earrings.
Financial Performance Comparison: Srigee DLM Limited vs Manoj Jewellers Limited
When evaluating the investment potential of Srigee DLM Limited and ManojJewellers Limited, a detailed analysis of their financial performance provides valuable insights. Below is a comparative overview based on their respective financial statements:
Srigee DLM Limited IPO: FY 2024 Financial Performance and Insights
| Financial Metric | Value |
| Total Revenue | ₹54.34 crore |
| Profit After Tax (PAT) | ₹3.77 crore |
| EBITDA | ₹4.87 crore |
| Total Assets | ₹24.99 crore |
| Net Worth | ₹13.78 crore |
| Post-IPO Promoter Holding | 45.23% |
| IPO Size | ₹14.47 crore |
| Market Cap at Issue Price | ₹59.14 crore |
Business Summary : Srigee DLM operates in the electronics and precision manufacturing sector, providing designed manufacturing services including PCB assembly and electronics integration. The company is capitalizing on India’s growing Manoj Jewellers IPO in india demand for electronics and contract manufacturing services.
Manoj Jewellers Limited IPO–FY 2024 Financial Performance and Insights
| Financial Metric | Value |
| Total Revenue | ₹43.38 crore |
| Profit After Tax (PAT) | ₹3.24 crore |
| EBITDA | ₹5.66 crore |
| Total Assets | ₹26.19 crore |
| Net Worth | ₹13.44 crore |
| Post-IPO Promoter Holding | 63.28% |
| IPO Size | ₹6.29 crore |
| Market Cap at Issue Price | ₹48.52 crore |
Business Summary: Manoj Jewellers is involved in the retail and wholesale of gold and diamond jewelry. With established outlets in Chennai and a focus on BIS-hallmarked products, the company targets India’s growing urban jewelry demand.
Which One Looks Better for Investment?
- Srigee DLM shows higher revenue and profit margins in a scalable, future-focused sector (electronics manufacturing), making it appealing for growth-oriented investors.
- Manoj Jewellers demonstrates stable profitability and stronger EBITDA despite lower revenue, suggesting operational efficiency and brand strength in a resilient consumer sector.
SWOT Analysis of Srigee DLM Limited
Strengths:
- Diversified client base across multiple industries.
- Experienced management team.
Risks:
- High capital expenditure requirements.
- Exposure to raw material price volatility.
SWOT Analysis of Manoj Jewellers Limited
Strengths:
- Established brand presence in Chennai.
- Diverse product portfolio with BIS certification.
- Strong promoter holding post-issue.
Risks:
- Limited geographic presence.
- Exposure to fluctuations in gold prices.
Conclusion
Both Srigee DLM Limited and Manoj Jewellers Limited present unique investment opportunities in their respective sectors.
- Srigee DLM: Offers potential for growth through expansion in the manufacturing sector, catering to diverse industries.
- Manoj Jewellers: Provides a stable business model with a focus on the retail jewelry market, aiming to strengthen its financial position through debt repayment.
Investors should consider their risk appetite, sector preferences, and investment goals when choosing between these IPOs. Conducting thorough due diligence and consulting with financial advisors is recommended NSE before making investment decisions.
