Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Dorf-Ketal Chemicals India Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with SEBI on September 19, 2025.
Dorf-Ketal Chemicals India Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on NSE and BSE. JM Financial Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Jan 23, 2025 |
| SEBI/Exchange approval received | Tue, May 27, 2025 |
| Offer document withdrawn | Fri, Sep 19, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 1992, Dorf-Ketal Chemicals India Limited is engaged in the business of manufacturing and supplying of specialty chemicals across the hydrocarbons and industrial supply chains, including the oil and gas, refining and petrochemicals industries.
The company’s specialty chemicals portfolio includes hydrocarbons-related chemicals like oil field, refinery, and fuel additives, as well as industrial chemicals like organometallic titanates, PVF, OBA, and lubricant additives.
As of October 31, 2024, the company operates 16 manufacturing facilities in four countries, including eight in India, with 542 global patents, including 99 in the U.S., and 29 in India.
The company operates R&D facilities in India, Singapore, Canada, and Brazil, developing proprietary technologies like ACtify®, TANSCIENT™, and HCR-7000 for sustainability.
During the six months ended September 30, 2024, the company served 1,322 customers through 16 facilities worldwide. The top 10 customers contributed 33.03% of the company’s revenue during this period.
Products and Services:
As of September 30, 2024, the company had 1,981 full time employees and 1,093 Contract workers.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,875.21 | 5,049.84 | 4,143.49 | 2,532.61 |
| Total Income | 3,022.83 | 5,559.60 | 3,898.40 | 2,632.68 |
| Profit After Tax | 214.57 | 595.61 | 480.57 | 284.12 |
| NET Worth | 2,438.65 | 2,425.44 | 1,891.05 | 1,467.00 |
| Reserves and Surplus | 2,232.81 | 2,200.11 | 1,647.35 | 1,219.31 |
| Total Borrowing | 3,207.37 | 1,533.60 | 1,432.50 | 493.02 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 9.09% |
| ROCE | 6.40% |
| Debt/Equity | 1.01 |
| RoNW | 23.53% |
| PAT Margin | 7.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.83% |
Lead Manager Reports
Dorf-Ketal Chemicals IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Dorf-Ketal Chemicals IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dorf-Ketal Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Dorf-Ketal Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dorf-Ketal Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dorf-Ketal Chemicals IPO dates are not announced. Please check back again after some time.
Dorf-Ketal Chemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dorf-Ketal Chemicals 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 Dorf-Ketal Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dorf-Ketal Chemicals IPO allotment status.
The Dorf-Ketal Chemicals IPO listing date is not yet announced. The tentative date of listing is .
