Deepak Chemtex is set to launch an IPO which will open on November 29, 2023, and close on December 01, 2023. Through this public offer the company wants to raise Rs. 23.04 crore from the primary market, The Company fixed the price band of Rs. 76-80 with a minimum lot of 1600 shares, and listed on December 11, according to the preliminary papers filed to the capital market regulator SEBI.
About Deepak Chemtex Company
Deepak Chemtex (1997) is engaged in the business of manufacturing colorants finding their application in food, drug, cosmetics, and other industries, and also manufacturing salt-free dyes used in inkjet, pond dyes used in ponds, lakes, etc.
Deepak Chemtex IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Capital expenditure towards the installation of plants and machinery
- Investment in its subsidiary towards the installation of plants and machinery
- The working capital requirement of the company
- General corporate expenses.
Deepak Chemtex Strength
- Wide range of products
- Focus on quality, environment, health, and safety
- Experienced promoters and senior management
- Stable consistent financial performance
Deepak Chemtex Risk Factor
- Inventories and trade receivables form a major part of current assets.
- Increasingly environment, health, safety laws, regulations, and standards.
- High competition market
Deepak Chemtex IPO Review & Rating
Issue Size (Rs.) | 23.04 crore |
Issue Price (Rs.) | 76-80 per share |
Minimum Lot Size | 1600 shares |
Total Profit (March 2023) (Rs.) | 6.31 crore |
RoCE (%) | 40.20% |
NAV (Rs.) | 19.66 |
Listing on | BSE SME |
IPO Deliver Rating | Two |
Deepak Chemtex IPO Dates, Price Band & Details
Deepak Chemtex IPO will open on November 29, 2023, and close on December 01, 2023. The IPO list on December 11, 2023.
Type of issue | Book Built Issue IPO |
Issue Size (Rs.) |
23.04 crore |
Face Value (Rs.) | 10/- per share |
IPO Open Date | November 29, 2023 |
IPO Close Date | December 01, 2023 |
IPO Allotment Date | December 06, 2023 |
Refund Date | December 07, 2023 |
Share Credit Date | December 08, 2023 |
Listing Date | December 11, 2023 |
Deepak Chemtex IPO Offer
Deepak Chemtex IPO’s total issue size is 28,80,000 shares which comprise the below-mentioned categories.
Offer Category | Shares Offer | Amount (Rs.) |
Fresh Issue | 28,80,000 | 23.04 crore |
Offer for Sale (OFS) | – | – |
Deepak Chemtex Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
Total Revenue | 4,783.72 | 5,443.68 | 2,972.75 |
Net Worth | 1,569.73 | 938.43 | 516.51 |
Profit | 631.02 | 423.10 | 263.47 |
Borrowings | 136.8 | 199.49 | 158.12 |
Deepak Chemtex IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
EPS (Rs.) | 7.90 | 5.30 | 3.30 |
RoNW (%) | 40.20 | 45.09 | 51.01 |
NAV (Rs.) | 19.66 | 11.75 | 6.47 |
Deepak Chemtex IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
Vidhi Specialty | 7.15 | 15.04 | 50.13 |
Kirti Indust. | 20.67 | 3.98 | 41.38 |
Deepak Chemtex Company Promoters
As per the DRHP and RHP, the company has two promoters.
Serial No. | Name |
01. | Saurabh Deepak Arora |
02. | Trishla Baid |
Deepak Chemtex Pre-offer and Post-Offer Promoters Shareholding
Promoter and promoter group Shareholding | Percentage (%) |
Pre-Issue | 99.40 |
Post- Issue | – |
Deepak Chemtex IPO Reservation
Deepak Chemtex IPO total reservation shares are distributed between the below-mentioned categories.
Category | No. of Shares |
QIB Share Offered | 50% of the issue size |
RII Share Offered | 35% of the issue size |
NII Share Offered | 15% of the issue size |
Deepak Chemtex IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1600 Shares and a maximum of 1 lot of 1600 shares. Market lot sizes for retail investors are as follows:
Application | Lot Size | No. of Shares | Amount (Rs.) |
Retail Minimum | 01 | 1600 | 1,28,000 |
Retail Maximum | 01 | 1600 | 1,28,000 |
Deepak Chemtex IPO – Prospectus
An investor can download/view the Deepak Chemtex prospectus copy, which was filed by the company to SEBI, details are as follows.
Deepak Chemtex IPO Prospectus | Download/View Links |
Draft Red Herring Prospectus (DRHP) | Click here |
Red Herring Prospectus (RHP) | Click here |
Deepak Chemtex IPO Registrar
Bigshare Services Private Limited
Tel No.: +91-22-6263 8200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Deepak Chemtex IPO lead manager
Hem Securities Limited
Tel No.: +91-022-49060000
E-Mail: ib@hemsecurities.com
Website: www.hemsecurities.com
Deepak Chemtex IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Deepak Chemtex IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Deepak Chemtex Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Deepak Chemtex Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Deepak Chemtex Company Details
Deepak Chemtex Limited
Registered Office: Aawashi, 28/1A, A/P Adgul Aawashi, Lote, Ratnagiri, Maharashtra -415 722
Tel: +91-88706 82632
Email: info@deepakchemtex.in
Website: www.deepakchemtex.in
Investor Grievances/Compliance Officer: Ms. Sonam Sharma
Deepak Chemtex Subsidiary Companies (Top 2)
Serial No. | Name of Companies |
01. | DCPL Specialty Chemicals Private Limited |
02. | – |
Deepak Chemtex Company Board (Top 2)
Serial No. | Name of Directors |
01. | Saurabh Deepak Arora |
02. | Trishla Baid |
Deepak Chemtex IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Deepak Chemtex IPO?
Ans: Deepak Chemtex brings its SME IPO of Rs. 23.04 crores, on November 29, 2023, with a price band of Rs. 76-80 per share.
Q-2 What is Deepak Chemtex IPO Open date?
Ans: Deepak Chemtex IPO opening date is November 29, 2023.
Q-3 What is Deepak Chemtex IPO Close Date?
Ans: Deepak Chemtex IPO closing date is December 01, 2023.
Q-4 What is Deepak Chemtex IPO Listing date?
Ans: Deepak Chemtex IPO listing date is December 11, 2023.
Q-5 What is Deepak Chemtex IPO Minimum investment amount?
Ans: Deepak Chemtex IPO minimum investment amount is Rs. 1,28,000.
Q-6 What is Deepak Chemtex IPO offer issue Size?
Ans: Deepak Chemtex offers an issue size of Rs. 23.04 Crores.
Q-7 What is Deepak Chemtex IPO Price Band?
Ans: Deepak Chemtex IPO price band is Rs. 76-80 per share.
Q-8 Is Deepak Chemtex IPO mainboard IPO or SME IPO?
Ans: Deepak Chemtex IPO is an SME IPO.