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D.K.Enterprises Global IPO is a fixed price issue of ₹7.99 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹7.99 crore.
D.K.Enterprises Global IPO bidding started from Oct 7, 2021 and ended on Oct 12, 2021. The allotment for D.K.Enterprises Global IPO was finalized on Oct 18, 2021. The shares got listed on NSE SME on Oct 22, 2021.
D.K.Enterprises Global 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.
Beeline Broking Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to D.K.Enterprises Global IPO RHP for detailed Information.
| IPO Date | October 7, 2021 to October 12, 2021 |
| Listing Date | October 22, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,98,000 shares (aggregating up to ₹7.99 Cr) |
| Reserved for Market Maker | 1,02,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.4080 Cr) |
| Net Offered to Public | 18,96,000 shares (aggregating up to ₹7.58 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 55,10,000 shares |
| Share Holding Post Issue | 75,08,000 shares |
DK Enterprises Global IPO offers total 19,98,000 shares. Out of which 9,48,000 (47.45%) allocated to NII, 9,48,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.11%) |
| NII (HNI) Shares Offered | 9,48,000 (47.45%) |
| Retail Shares Offered | 9,48,000 (47.45%) |
| Total Shares Offered | 19,98,000 (100.00%) |
D.K.Enterprises Global IPO opens on October 7, 2021, and closes on October 12, 2021.
| IPO Open Date | Thu, Oct 7, 2021 |
| IPO Close Date | Tue, Oct 12, 2021 |
| Tentative Allotment | Mon, Oct 18, 2021 |
| Initiation of Refunds | Wed, Oct 20, 2021 |
| Credit of Shares to Demat | Wed, Oct 20, 2021 |
| Tentative Listing Date | Fri, Oct 22, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 12, 2021 |
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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, D.K. Enterprises Global Ltd manufactures paper-based packing material, self-adhesive tapes (Masking, Siliconized, Medical and surface protection tapes), Laminated products, and flexible packaging. It serves many MNCs i.e. Vodafone Idea, Patanjali Ayurvedic Limited, Crompton Greaves Consumer Electrical Limited, Godrej, Phonepey, ITC, Amul, etc.
Its manufacturing facility Unit I is located at Panchkula, Haryana, and Unit II is in Vadodra, Gujarat. The company is planning to establish a new manufacturing unit at Baddi, Himachal Pradesh to manufacture Clear/Printed Bopp Tape, Masking/Specialty tapes, and laminated products.
Competitive Strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 2,806.41 | 2,778.33 | 1,906.05 | ||
| Total Revenue | 1,912.59 | 6,495.79 | 4,555.03 | ||
| Profit After Tax | 99.77 | 243.86 | 149.51 | ||
The Company D.K.Enterprises Global IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Setting up of new Manufacturing Unit at Baddi, Himachal Pradesh | 6.90 |
| 2 | Incremental Working Capital Requirements | 4.15 |
| 3 | Purchase of Plant and Machinery for Vadodara Unit | 2.60 |
| 4 | For General Corporate Purposes | 1.05 |
| 5 | Public Issue Expenses | 0.79 |
[Dilip Davda] DEGL is working in a segment that has bright prospects ahead. Though there are many players in the field, its lucrative pricing makes it a long term bet. The only concern is the average track record of the Lead Manager. Investors may consider investing in this reasonably priced issue. Read detail review...
| Listing Date | October 22, 2021 |
| BSE Script Code | |
| NSE Symbol | DKEGL |
| ISIN | INE0GN101014 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹42.00 |
| Low | ₹41.00 |
| High | ₹44.10 |
| Last Trade | ₹43.30 |
D.K.Enterprises Global Ltd.
Plot No-235
Industrial Area
Phase-2
Panchkula, Haryana, 134109
Phone: 91 172 259 1548
Email: cs@dkenterprises.co.in
Website: http://www.dkenterprises.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
D.K.Enterprises Global IPO is a SME IPO of 19,98,000 equity shares of the face value of ₹10 aggregating up to ₹7.99 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on October 7, 2021, and closes on October 12, 2021.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in D.K.Enterprises Global IPO using UPI as a payment gateway. Zerodha customers can apply in D.K.Enterprises Global IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in D.K.Enterprises Global IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The D.K.Enterprises Global IPO opens on October 7, 2021 and closes on October 12, 2021.
D.K.Enterprises Global IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in D.K.Enterprises Global 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 D.K.Enterprises Global IPO will be done on Monday, October 18, 2021, and the allotted shares will be credited to your demat account by Wednesday, October 20, 2021. Check the D.K.Enterprises Global IPO allotment status.
The D.K.Enterprises Global IPO listing date is on Friday, October 22, 2021.
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