Deepak Chemtex IPO: Deepak Chemtex Limited IPO Details

The Deepak Chemtex Limited IPO is generating significant buzz in the investment community. This initial public offering (IPO) is set to bring a fresh issue of 2,880,000 shares, with the company aiming to raise Rs 23.04 crores. Deepak Chemtex Limited is engaged in the manufacturing of colorants used in various industries, including food, cosmetics, pharmaceuticals, and agriculture. In this blog, we will delve into the key details of the Deepak Chemtex IPO, including its dates, price band, financials, and objectives.

Also Read: Upcoming IPO in India

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Deepak Chemtex IPO Details

Here are the vital details of the Deepak Chemtex IPO in a tabular format:

IPO NameDeepak Chemtex IPO
IPO DateNovember 29, 2023, to December 1, 2023
Basis of AllotmentDecember 6, 2023
Listing DateDecember 11, 2023
Face Value₹10 per share
Price Band₹76 to ₹80 per share
Lot Size1600 Shares
Total Issue Size2,880,000 shares (aggregating up to ₹23.04 Cr)
Fresh Issue2,880,000 shares (aggregating up to ₹23.04 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Shareholding Pre-Issue7,984,000
Shareholding Post-Issue10,864,000
Market Maker Portion147,200 shares

Also See: Deepak Chemtex IPO GMP Today

Deepak Chemtex IPO Reservation

The IPO offers different shares to various categories of investors:

  • QIB Shares Offered: Not more than 50.00% of the Net offer
  • Retail Shares Offered: Not less than 35.00% of the Offer
  • NII (HNI) Shares Offered: Not less than 15.00% of the Offer

Deepak Chemtex IPO Lot Size

Investors can apply for a minimum of 1600 shares and in multiples thereof. Here is a breakdown of the lot sizes and investment amounts for retail and HNI investors:

Retail (Min)11600₹128,000
Retail (Max)11600₹128,000
HNI (Min)23,200₹256,000

Also See: IPO Subscription Status Live Today

Deepak Chemtex IPO Promoter Holding

Mr. Saurabh Deepak Arora and Ms. Trishla Baid are the company promoters.

  • Shareholding Pre-Issue: 99.40%
  • Shareholding Post-Issue: 73.05%

Deepak Chemtex IPO Objectives

The company plans to utilize the net proceeds from the IPO for the following purposes:

  1. Funding capital expenditure towards the installation of plant & machinery in their existing premises.
  2. Investment in its subsidiary, DCPL Speciality Chemicals Private Limited, to finance its capital expenditure towards the installation of plant and machinery.
  3. Funding to meet working capital requirements.
  4. General Corporate Purpose.

Deepak Chemtex Limited Financial Information

Deepak Chemtex Limited’s financial performance indicates a decrease in revenue by -12.12% and a rise in profit after tax (PAT) by 49.14% between the financial years ending March 31, 2023, and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Profit After Tax311.18631.02423.10
Net Worth1,879.901,568.88938.43
Reserves and Surplus1,081.501,518.98888.53
Total Borrowing120.78136.80199.49
Amount in ₹ Lakhs
Financial Data Graphs

About Deepak Chemtex Limited

Established in 1997, Deepak Chemtex Limited specializes in manufacturing colorants for diverse applications, including Food, Drug, Cosmetics, Cleaning compounds, Agriculture, and more. The company produces FDC (Food, Drug, and Cosmetic) colors used in various products, such as confectionery, bakery items, beverages, pharmaceuticals, cosmetics, and personal care products. Additionally, they manufacture salt-free dyes, pond dyes, and other colorants for different industries.

Deepak Chemtex operates a state-of-the-art manufacturing unit located in Ratnagiri District, Maharashtra, with an annual production capacity exceeding 1200 metric tonnes. The facility is equipped with advanced equipment, including glass-lined reactors, boilers, and stainless steel equipment. It is ISO 9001:2015 accredited and has received HALAL and KOSHER certificates, ensuring product quality and compliance with relevant standards.

The company boasts a portfolio of over 100 products and exports to countries like China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, and the United States of America.

Deepak Chemtex IPO Registrar and Lead Manager(s)

IPO Registrar

Deepak Chemtex IPO Lead Manager(s)

  • Hem Securities Limited

Deepak Chemtex IPO Timeline:

(Tentative Schedule)

  • IPO Open Date: Wednesday, November 29, 2023
  • IPO Close Date: Friday, December 1, 2023
  • Basis of Allotment: Wednesday, December 6, 2023
  • Initiation of Refunds: Thursday, December 7, 2023
  • Credit of Shares to Demat: Friday, December 8, 2023
  • Listing Date: Monday, December 11, 2023
  • Cut-off time for UPI mandate confirmation: 5 PM on December 1, 2023
Deepak Chemtex IPO

The Deepak Chemtex IPO presents an opportunity for investors to participate in a company with a diversified product portfolio and a strong global presence in the colorants industry. It’s essential to conduct thorough research and consult with financial experts before making any investment decisions.

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