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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 ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares). The minimum lot size investment for 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 Date | November 29, 2023 to December 1, 2023 |
| Listing Date | December 6, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹80 per share |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹23.04 Cr) |
| Reserved for Market Maker | 1,47,200 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.18 Cr) |
| Net Offered to Public | 27,32,800 shares (aggregating up to ₹21.86 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 79,84,000 shares |
| Share Holding Post Issue | 1,08,64,000 shares |
Deepak Chemtex IPO offers total 28,80,000 shares. Out of which 13,64,800 (47.39%) allocated to QIB, 5,47,200 (19.00%) allocated to QIB, 4,11,200 (14.28%) allocated to NII, 9,56,800 (33.22%) allocated to RII and 8,17,600 (28.39%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,47,200 (5.11%) |
| QIB Shares Offered | 13,64,800 (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 (14.28%) |
| Retail Shares Offered | 9,56,800 (33.22%) |
| Total Shares Offered | 28,80,000 (100.00%) |
Deepak Chemtex IPO raises ₹6.54 crore from anchor investors. Deepak Chemtex IPO Anchor bid date is November 28, 2023. Deepak Chemtex IPO Anchor Investors list
| Bid Date | November 28, 2023 |
| Shares Offered | 8,17,600 |
| Anchor Portion Size (In Cr.) | 6.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 5, 2024 |
Deepak Chemtex IPO opens on November 29, 2023, and closes on December 1, 2023.
| IPO Open Date | Wed, Nov 29, 2023 |
| IPO Close Date | Fri, Dec 1, 2023 |
| Tentative Allotment | Wed, Dec 6, 2023 |
| Initiation of Refunds | Thu, Dec 7, 2023 |
| Credit of Shares to Demat | Fri, Dec 8, 2023 |
| Tentative Listing Date | Wed, Dec 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 1, 2023 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Deepak Chemtex Limited's revenue decreased by -12.12% and profit after tax (PAT) rose by 49.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,820.64 | 2,382.32 | 1,715.17 |
| Total Income | 2,212.95 | 4,783.72 | 5,443.68 |
| Profit After Tax | 311.18 | 631.02 | 423.10 |
| Net Worth | 1,879.90 | 1,568.88 | 938.43 |
| Reserves and Surplus | 1,081.50 | 1,518.98 | 888.53 |
| Total Borrowing | 120.78 | 136.80 | 199.49 |
| Amount in ₹ Lakhs | |||
The market capitalization of Deepak Chemtex IPO is ₹86.91 Cr.
| KPI | Values |
|---|---|
| ROE | 50.27% |
| ROCE | 49.65% |
| Debt/Equity | 0.09 |
| RoNW | 40.17% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of colorants. It posted inconsistency in its top lines for the reported periods, but its bottom line marked boosted trends from FY23 onwards, that raises concern over the sustainability. Based on FY24 super annualized earnings, the issue appears fully priced. Well informed investors may park funds for the medium term. Read detail review...
| Listing Date | December 6, 2023 |
| BSE Script Code | 544036 |
| NSE Symbol | |
| ISIN | INE0RDM01013 |
| Final Issue Price | ₹80 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹152.00 |
| High | ₹159.60 |
| Last Trade | ₹159.60 |
Deepak Chemtex Ltd.
Aawashi, 28/1A,
A/P Adgul Aawashi,
Lote, Ratnagiri - 415722
Ratnagiri, Maharashtra
Phone: +91 88706 82632
Email: info@deepakchemtex.in
Website: https://www.deepakchemtex.in/index
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Deepak Chemtex IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹23.04 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on November 29, 2023, and closes on December 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 November 29, 2023 and closes on December 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 Friday, December 8, 2023. Check the Deepak Chemtex IPO allotment status.
The Deepak Chemtex IPO listing date is on Wednesday, December 6, 2023.
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