If you haven’t heard of Sriggle DLM yet, don’t worry—you’re not out of touch. You’re just fashionably late to the most dramatic SME IPO of the week. Set to hit the NSE SME platform like a Bollywood hero entering in slow motion, the Sriggle DLM IPO is giving serious main-character energy. And why not? It’s got the price band (₹87-₹90), it’s got Smart Finsec at the helm, and it’s dropping like a banger on May 7, 2025.
Let’s unravel the chaos, cash, and comedy around the Sriggle DLM IPO.
📈 Sriggle DLM IPO: Fast Facts Before the FOMO Kicks In
| Feature | Details |
|---|---|
| IPO Opening Date | May 7, 2025 |
| IPO Closing Date | May 10, 2025 |
| Listing Date | May 15, 2025 (Tentative) |
| Price Band | ₹87 to ₹90 per share |
| Issue Size | ₹14.4 crore |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Exchange | NSE SME |
| Lead Manager | Beeline Capital Advisors Pvt Ltd |
| Registrar | Bigshare Services Pvt Ltd |
At ₹14.4 crore, this isn’t your Adani-size fireworks show—but in SME world, this is the equivalent of a local theatre production that could go viral and get picked up by Netflix. Or, you know, the BSE Main Board.
💻 What on Earth Does Sriggle DLM Do?
Let’s be honest: the name Sriggle DLM sounds like either a startup or a new yoga pose. But deep down, Sriggle is no joke.
They’re a Travel Technology Solutions company, offering SaaS-based products that help travel agencies, B2B booking platforms, and tour operators handle their bookings, APIs, client management, and possibly existential crises.
Their flagship software “Sriggle TravelPro” helps travel operators run seamless B2B and B2C operations, complete with custom APIs, client invoicing, supplier management, and more jargon than a fintech seminar.
In short: if MakeMyTrip and Zoho had a baby and raised it in Gurugram, you’d get Sriggle DLM.
🤓 Is There Profit or Just PowerPoint?
Now let’s talk numbers, because nothing spices up humor like an Excel sheet.
| Financial Year | Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| FY 2021-22 | 6.08 | 0.13 |
| FY 2022-23 | 10.45 | 0.46 |
| 9M FY 2023-24 | 11.89 | 1.55 |
Yes, the revenue has doubled, and profit has skyrocketed. From ₹13 lakh to ₹1.55 crore? That’s not just growth—that’s a Bollywood glow-up.
And at a price band of ₹87-₹90, the P/E ratio hovers around 20—slightly spicy, but digestible for investors who like a bit of masala in their portfolio.
🧠 The Brains Behind the Code
Sriggle was founded by travel-tech nerds with a vision—not to revolutionize the industry (that’s so cliché), but to make tour operators less stressed and more digital.
Their services are used in over 25 countries, and the company claims to have 300+ active clients. From India to Dubai, they’re helping travel agencies finally give up on Excel sheets and enter the cloud.
If they were a Netflix character, they’d be the nerdy techie sidekick that quietly saves the day.
📉 Risks That Could Sriggle Sideways
We love optimism, but we also read the fine print—like the Terms & Conditions nobody else does.
What could go wrong?
- Heavy dependency on IT infrastructure: One server crash and it’s travel apocalypse.
- Foreign client base: Rupee fluctuations could trigger more drama than a Bigg Boss episode.
- Competition from biggies like Amadeus, Sabre, and even Indian firms like Travel Boutique Online.
- SME listing means less liquidity—it’s not exactly the Dalal Street version of Shark Tank yet.
But hey, where’s the fun in investing without some drama?
🔍 Should You Apply for Sriggle DLM IPO?
If you:
- Believe in India’s tech and travel boom
- Love SME IPOs more than Zomato delivery discounts
- Can stomach medium risk for potentially high returns
Then Sriggle DLM IPO might just be your flavor.
Plus, Smart Finsec has been backing some decent listings recently, and NSE SME stocks have been making more noise than a YouTuber with a ring light.
🔮 Listing Gains: A Sure Thing?
Well, if listing gains were guaranteed, we’d all be sipping coconut water in Goa. But signs are positive:
- Reasonable pricing
- Scalable product
- Strong growth figures
- Travel sector rebounding
Grey Market Premium (GMP) whispers are starting at ₹20+, which suggests a listing between ₹110–₹120. If that holds, you’re looking at a ~30% pop. Not bad for a four-day wait.
😂 In Conclusion: Sriggle DLM—A Sassy SaaS Saga
The Sriggle DLM IPO is more than just a bunch of shares. It’s the story of a travel-tech company punching above its weight on the NSE SME ring. It’s a tale of small-town dreams backed by cloud infrastructure, APIs, and a team that believes in changing how India books its holidays.
Should you invest?
Maybe. Maybe not.
But one thing’s for sure: “Sriggle” is now part of your vocabulary, and that’s a win in itself.
✍️ Final Punchline?
Sriggle might help others book flights, but on May 15, it hopes to take its own maiden flight—straight into investors’ hearts (and portfolios).
