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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 ₹40.00 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). The minimum lot size investment for 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 Date | August 8, 2018 to August 13, 2018 |
| Listing Date | August 23, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 38,10,000 shares (aggregating up to ₹15.24 Cr) |
| Reserved for Market Maker | 1,92,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.7680 Cr) |
| Fresh Issue (Ex Market Maker) | 11,68,000 shares (aggregating up to ₹4.67 Cr) |
| Offer for Sale | 24,50,000 shares of ₹10 (aggregating up to ₹9.80 Cr) |
| Net Offered to Public | 36,18,000 shares (aggregating up to ₹14.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,05,11,600 shares |
| Share Holding Post Issue | 1,18,71,600 shares |
Deep Polymers Limited offers total 38,10,000 shares. Out of which 18,09,000 (47.48%) allocated to NII, 18,09,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.04%) |
| NII (HNI) Shares Offered | 18,09,000 (47.48%) |
| Retail Shares Offered | 18,09,000 (47.48%) |
| Total Shares Offered | 38,10,000 (100.00%) |
Deep Polymers IPO opens on August 8, 2018, and closes on August 13, 2018.
| IPO Open Date | Wed, Aug 8, 2018 |
| IPO Close Date | Mon, Aug 13, 2018 |
| Tentative Listing Date | Thu, Aug 23, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 13, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 2,904.30 | 3,009.04 | 2,539.78 | 2,637.90 | 2,321.31 | |
| Total Revenue | 4,110.09 | 4,274.43 | 3,600.85 | 4,113.89 | 3,473.07 | |
| Profit After Tax | 214.73 | 128.02 | (35.41) | 67.05 | (36.06) | |
The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-
1. Working capital requirement;
2. Issue Expenses; and
3. General corporate purpose
[Dilip Davda] <p>Issue is fully priced. Company’s top line is almost stagnant for last four fiscals. Merchant banker has poor track record. Cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | August 23, 2018 |
| BSE Script Code | 541778 |
| NSE Symbol | |
| ISIN | INE00IY01012 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹41.90 |
| Low | ₹40.80 |
| High | ₹42.00 |
| Last Trade | ₹40.90 |
Deep Polymers Ltd.
Block No. 727B/H, Bhavi Industries
Rakanpur (Santej), Tal Kalol,
D Gandhinagar
Gandhinagar, Gujarat, 380060
Phone: +91-2764-286032
Email: info@deeppolymer.in
Website: http://www.deeppolymer.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Deep Polymers IPO is a SME IPO of 38,10,000 equity shares of the face value of ₹10 aggregating up to ₹15.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on August 8, 2018, and closes on August 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 August 8, 2018 and closes on August 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 Thursday, August 23, 2018.
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