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Deepak Chemtex IPO Dates, Price band, Rating, and allotment Details 2023

Deepak Chemtex logo

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:

  1. Capital expenditure towards the installation of plants and machinery 
  2. Investment in its subsidiary towards the installation of plants and machinery
  3. The working capital requirement of the company
  4. General corporate expenses. 

Deepak Chemtex Strength

  1. Wide range of products
  2. Focus on quality, environment, health, and safety
  3. Experienced promoters and senior management
  4. Stable consistent financial performance  

Deepak Chemtex Risk Factor

  1. Inventories and trade receivables form a major part of current assets. 
  2. Increasingly environment, health, safety laws, regulations, and standards. 
  3. 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.

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