Bookbuilding IPO | ₹23 Cr | Listed at BSE SME | Wed, Nov 29, 2023 - Fri, Dec 1, 2023
Deepak Chemtex IPO is a book build issue of ₹23.04 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹23.04 crore.
Deepak Chemtex IPO bidding started from Nov 29, 2023 and ended on Dec 1, 2023. The allotment for Deepak Chemtex IPO was finalized on Dec 6, 2023. The shares got listed on BSE SME on Dec 6, 2023.
Deepak Chemtex IPO price band is set at ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Deepak Chemtex IPO RHP for detailed Information.
IPO Open
Wed, Nov 29, 2023
IPO Close
Fri, Dec 1, 2023
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹86.91 Cr
| IPO Date | 29 Nov to 1 Dec, 2023 |
| Listed on | Wed, Dec 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,47,200 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,32,800 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 27,32,800 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 79,84,000 shares |
| Share Holding Post Issue | 1,08,64,000 shares |
| BSE Script Code | 544036 |
| ISIN | INE0RDM01013 |
Deepak Chemtex IPO comprises a total issue size of 28,80,000 shares. The net offer to the public is 27,32,800 shares, after excluding 1,47,200 shares allotted on a firm basis. Of the Net offer 13,64,800 (49.94%) are allocated to QIB, 4,11,200 (15.05%) allocated to NII 9,56,800 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,64,800 | 49.94% | 47.39% |
| − Anchor Investor Shares Offered | 8,17,600 | 28.39% | |
| − QIB (Ex. Anchor) Shares Offered | 5,47,200 | 19.00% | |
| NII (HNI) Shares Offered | 4,11,200 | 15.05% | 14.28% |
| Retail Shares Offered | 9,56,800 | 35.01% | 33.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,47,200 | 5.11% | |
| Total Shares Offered | 28,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Deepak Chemtex IPO raises ₹6.54 crore from anchor investors. Deepak Chemtex IPO Anchor bid date is November 28, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 28, 2023 |
| Shares Offered | 8,17,600 |
| Anchor Portion (₹ Cr.) | 6.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 5, 2024 |
Founded in 1997, Deepak Chemtex Limited produces colorants for the food, pharmaceutical, cosmetics, detergent, agricultural and other industries.
Deepak Chemtex manufactures Food, Drug, and Cosmetic (FD&C) colorants used in confectionery, baked goods, desserts, beverages, dairy products, spices, pet food, pharmaceuticals, cosmetics, and personal care products. The colorants are produced from unwanted salts and isomers.
The company also produces salt-free dyes for the inkjet industry, pond dyes for ponds, lakes, swimming pools, etc. as well as other dyes for car washes, portable sanitary cleaners, detergents, and soaps, fuels, oils and lubricants, smoke, seed treatment, pesticides, fertilizer indicators, flower dyes, etc.
Deepak Chemtex's manufacturing facility is located in Ratnagiri, Maharashtra.
As of FY 2023, the company's portfolio includes over 100 products. The company exports its products to countries such as China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States of America, etc.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 28.21 | 23.82 | 17.15 |
| Total Income | 22.13 | 47.84 | 54.44 |
| Profit After Tax | 3.11 | 6.31 | 4.23 |
| NET Worth | 18.80 | 15.69 | 9.38 |
| Reserves and Surplus | 10.82 | 15.19 | 8.89 |
| Total Borrowing | 1.21 | 1.37 | 1.99 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards installation of plant & machinery in the existing premises | 0.55 |
| 2 | Investment in the subsidiary DCPL Speciality Chemicals Private Limited for financing its capital expenditure towards installation of plant and machinery | 2.70 |
| 3 | Funding to meet working capital requirements | 12.50 |
| 4 | General Corporate Purpose. | 4.97 |
| KPI | |
|---|---|
| ROE | 50.27% |
| ROCE | 49.65% |
| Debt/Equity | 0.09 |
| RoNW | 40.17% |
| PAT Margin | 13.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.89 | |
| P/E (x) | 10.14 | 13.96 |
| Promoter Holding | 99.40% | 73.05% |
| Market Cap | ₹86.91 Cr. |
The Deepak Chemtex IPO is subscribed 403.03 times on December 1, 2023 7:02:00 PM (Day 3). The public issue subscribed 475.36 times in the retail category, 96.8 times in the QIB category, and 642.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 96.8 | 5,47,200 | 5,29,69,600 |
| NII* | 642.25 | 4,11,200 | 26,40,92,800 |
| Retail | 475.36 | 9,56,800 | 45,48,25,600 |
| Total | 403.03 | 19,15,200 | 77,18,88,000 |
Total Application : 3,40,706
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.20 |
| 2 | Fees Payable to Registrar to the Issue | 0.03 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.11 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.10 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 1.83 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹152.00 |
| High | ₹159.60 |
| Last Trade | ₹159.60 |
Lead Manager Reports
Deepak Chemtex IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Nov 29, 2023, and closes on Fri, Dec 1, 2023.
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 Deepak Chemtex IPO using UPI as a payment gateway. Zerodha customers can apply in Deepak Chemtex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deepak Chemtex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deepak Chemtex IPO opens on Wed, Nov 29, 2023 and closes on Fri, Dec 1, 2023.
Deepak Chemtex IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in Deepak Chemtex 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 Deepak Chemtex IPO will be done on Wednesday, December 6, 2023, and the allotted shares will be credited to your demat account by Fri, Dec 8, 2023. Check the Deepak Chemtex IPO allotment status.
The Deepak Chemtex IPO listing date is on Wed, Dec 6, 2023.
