Fixed Price IPO | ₹15 Cr | Listed at BSE SME | Wed, Aug 8, 2018 - Mon, Aug 13, 2018
Deep Polymers IPO is a fixed price issue of ₹15.24 crores. The issue is a combination of fresh issue of 0.14 crore shares aggregating to ₹5.44 crores and offer for sale of 0.25 crore shares aggregating to ₹9.80 crores.
Deep Polymers IPO bidding started from Aug 8, 2018 and ended on Aug 13, 2018. The shares got listed on BSE SME on Aug 23, 2018.
Deep Polymers IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is NNM Securities Pvt.Ltd..
Refer to Deep Polymers IPO RHP for detailed Information.
IPO Open
Wed, Aug 8, 2018
IPO Close
Mon, Aug 13, 2018
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹47.49 Cr
| IPO Date | 8 to 13 Aug, 2018 |
| Listed on | Thu, Aug 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 38,10,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,92,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.7680 Cr) |
| Fresh Issue (Ex Market Maker) | 11,68,000 shares (agg. up to ₹5 Cr) |
| Offer for Sale | 24,50,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 36,18,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 1,05,11,600 shares |
| Share Holding Post Issue | 1,18,71,600 shares |
| BSE Script Code | 541778 |
| ISIN | INE00IY01012 |
Deep Polymers IPO comprises a total issue size of 38,10,000 shares. The net offer to the public is 36,18,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 18,09,000 (50.00%) allocated to NII 18,09,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,09,000 | 50.00% | 47.48% |
| Retail Shares Offered | 18,09,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.04% | |
| Total Shares Offered | 38,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.
The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.
Deep Polymer's total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The
The company's restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet working capital requirement; | 5.00 |
| 2 | To Meet General corporate purpose | 0.14 |
The Deep Polymers Limited is subscribed 1.39 times on August 13, 2018 6:30:02 PM (Day 4). The public issue subscribed 0.48 times in the retail category, [.] times in the QIB category, and 2.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.3 | 18,09,000 | 41,55,000 |
| Retail | 0.48 | 18,09,000 | 8,76,000 |
| Total | 1.39 | 36,18,000 | 50,31,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fee and reimbursement of payment to other intermediaries such as Listing, Depository Fees, Legal Advisors, Statutory, Registrars, Marketing & Advertisement, Printing & Distribution, other Miscellaneous expense and out of pocket expenses etc | 0.49 |
| 2 | Market Making and other Advisory Fees | 0.78 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.90 |
| Low | ₹40.80 |
| High | ₹42.00 |
| Last Trade | ₹40.90 |
Lead Manager Reports
Deep Polymers IPO is a SME IPO of 38,10,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Aug 8, 2018, and closes on Mon, Aug 13, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Deep Polymers IPO using UPI as a payment gateway. Zerodha customers can apply in Deep Polymers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deep Polymers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deep Polymers IPO opens on Wed, Aug 8, 2018 and closes on Mon, Aug 13, 2018.
Deep Polymers IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Deep Polymers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Deep Polymers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Deep Polymers IPO allotment status.
The Deep Polymers IPO listing date is on Thu, Aug 23, 2018.
