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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 ₹38.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (3000 shares). The minimum lot size investment for 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 Date | August 25, 2022 to August 30, 2022 |
| Listing Date | September 8, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,02,000 shares (aggregating up to ₹15.21 Cr) |
| Reserved for Market Maker | 2,04,000 shares Sernet Financial Services Pvt.Ltd. (aggregating up to ₹0.7752 Cr) |
| Net Offered to Public | 37,98,000 shares (aggregating up to ₹14.43 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 79,68,000 shares |
| Share Holding Post Issue | 1,19,70,000 shares |
Dipna Pharmachem IPO offers total 40,02,000 shares. Out of which 18,99,000 (47.45%) allocated to NII, 18,99,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,000 (5.10%) |
| NII (HNI) Shares Offered | 18,99,000 (47.45%) |
| Retail Shares Offered | 18,99,000 (47.45%) |
| Total Shares Offered | 40,02,000 (100.00%) |
Dipna Pharmachem IPO opens on August 25, 2022, and closes on August 30, 2022.
| IPO Open Date | Thu, Aug 25, 2022 |
| IPO Close Date | Tue, Aug 30, 2022 |
| Tentative Listing Date | Thu, Sep 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 30, 2022 |
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 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 1844.18 | 3054.85 | 5.9 | 54.75 | 51.25 |
| 31-Mar-21 | 2479.34 | 3101.54 | 2.42 | 57.17 | 53.67 |
| 31-Mar-22 | 3622.96 | 7276.58 | 116.69 | 173.86 | 170.36 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Dipna Pharmachem IPO is ₹45.49 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 39 |
The company intends to utilize the Net Proceeds for the following objects :
[Dilip Davda] After showing dismal performances for FY20 and FY21, it marked a bumper turnover and net profits, which appears to be a window dressing in a pre-IPO year. DPL is just a trader in pharmachem. Since it is operating in a highly competitive and fragmented segment, the sustainability of such performance is a major concern. Based on such super profits also the issue is aggressively priced. There is no harm in ignoring such a pricy bet. Read detail review...
| Listing Date | September 8, 2022 |
| BSE Script Code | 543594 |
| NSE Symbol | |
| ISIN | INE0MC401013 |
| Final Issue Price | ₹38 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹32.00 |
| Low | ₹30.40 |
| High | ₹33.60 |
| Last Trade | ₹33.40 |
Dipna Pharmachem Ltd.
A/211, Siddhi Vinayak Complex,
Near D.A.V. School,
Makarba,
Ahmedabad, Gujarat, 380055
Phone: +91-9898066121
Email: info@dipnapharmachem.com
Website: http://dipnapharmachem.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dipna Pharmachem IPO is a SME IPO of 40,02,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on August 25, 2022, and closes on August 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 August 25, 2022 and closes on August 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 Thursday, September 8, 2022.
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