Fixed Price IPO | ₹15 Cr | Listed at BSE SME | Thu, Aug 25, 2022 - Tue, Aug 30, 2022
Dipna Pharmachem IPO is a fixed price issue of ₹15.21 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹15.21 crore.
Dipna Pharmachem IPO bidding started from Aug 25, 2022 and ended on Aug 30, 2022. The shares got listed on BSE SME on Sep 8, 2022.
Dipna Pharmachem IPO price is ₹38 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Interactive Financial 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 Sernet Financial Services Pvt.Ltd..
Refer to Dipna Pharmachem IPO RHP for detailed Information.
IPO Open
Thu, Aug 25, 2022
IPO Close
Tue, Aug 30, 2022
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹45.49 Cr
| IPO Date | 25 to 30 Aug, 2022 |
| Listed on | Thu, Sep 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 40,02,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 2,04,000 shares Sernet Financial Services Pvt.Ltd. (agg. up to ₹0.7752 Cr) |
| Fresh Issue (Ex Market Maker) | 37,98,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 37,98,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 79,68,000 shares |
| Share Holding Post Issue | 1,19,70,000 shares |
| BSE Script Code | 543594 |
| ISIN | INE0MC401013 |
Dipna Pharmachem IPO comprises a total issue size of 40,02,000 shares. The net offer to the public is 37,98,000 shares, after excluding 2,04,000 shares allotted on a firm basis. Of the Net offer 18,99,000 (50.00%) allocated to NII 18,99,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,99,000 | 50.00% | 47.45% |
| Retail Shares Offered | 18,99,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,04,000 | 5.10% | |
| Total Shares Offered | 40,02,000 | 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 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Incorporated in 2011, Dipna Pharmachem Limited is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products. The Company also started selling chemicals on a commission basis in the Financial year 2022. The company conducts business in Ahmedabad and the surrounding area of Ahmedabad.
The company's product portfolio comprises 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovascular, Anti - Bacteria, Quinolones, Veterinary, Anti - Virus, Anti - Inflammatory, Neuropsychiatry, Steroid Hormone, other etc.
The company is supplying raw materials to pharmaceutical industries and the pharmaceutical industry falls under the essential business list declared by the Government.
Competitive Strengths :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 36.23 | 24.79 | 18.44 |
| Total Income | 72.77 | 31.02 | 30.55 |
| Profit After Tax | 1.17 | 0.02 | 0.06 |
| NET Worth | 1.74 | 0.57 | 0.55 |
| Reserves and Surplus | 1.70 | 0.54 | 0.51 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement | 11.10 |
| 2 | General Corporate Purpose | 3.65 |
| KPI | |
|---|---|
| RoNW | 67.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 333.40 | |
| P/E (x) | 39 | |
| Promoter Holding | 100% | 66.56% |
| Market Cap | ₹45.49 Cr. |
The Dipna Pharmachem IPO is subscribed 2.77 times on August 30, 2022 7:52:00 PM (Day 4). The public issue subscribed 4.75 times in the retail category, [.] times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.78 | 18,99,000 | 14,76,000 |
| Retail | 4.75 | 18,99,000 | 90,27,000 |
| Total | 2.77 | 37,98,000 | 1,05,03,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.18 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees etc.) | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹32.00 |
| Low | ₹30.40 |
| High | ₹33.60 |
| Last Trade | ₹33.40 |
Lead Manager Reports
Dipna Pharmachem IPO is a SME IPO of 40,02,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Aug 25, 2022, and closes on Tue, Aug 30, 2022.
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 Dipna Pharmachem IPO using UPI as a payment gateway. Zerodha customers can apply in Dipna Pharmachem IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dipna Pharmachem IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dipna Pharmachem IPO opens on Thu, Aug 25, 2022 and closes on Tue, Aug 30, 2022.
Dipna Pharmachem IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Dipna Pharmachem 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 Dipna Pharmachem IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dipna Pharmachem IPO allotment status.
The Dipna Pharmachem IPO listing date is on Thu, Sep 8, 2022.
