Deepak Chemtex IPO GMP

Deepak Chemtex Limited, a prominent player in the chemical industry, is all set to launch its SME IPO at BSE SME. This IPO has garnered significant attention due to its unique offerings and the potential for strong performance in the market. In this blog, we will delve into the details of the Deepak Chemtex IPO, including its Grey Market Premium (GMP), company overview, strengths, and IPO schedule.

Also Read: Upcoming IPO in India

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Deepak Chemtex IPO GMP

This data indicates a consistent GMP of ₹65, which reflects a positive sentiment among investors. It also suggests an estimated listing price of ₹145, representing a 81.25% premium over the IPO price. [Last Updated: 06 Dec, 2023; 08:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
06-12-2023₹80.00₹6579000₹145 (81.25%)
05-12-2023₹80.00₹6579000₹145 (81.25%)
04-12-2023₹80.00₹6579000₹145 (81.25%)
03-12-2023₹80.00₹6579000₹145 (81.25%)
02-12-2023₹80.00₹6579000₹145 (81.25%)
01-12-2023₹80.00₹6579000₹145 (81.25%)
30-11-2023₹80.00₹3947400₹119 (48.75%)
29-11-2023₹80.00₹3238900₹112 (40.00%)
28-11-2023₹80.00₹3238900₹112 (40.00%)
27-11-2023₹80.00₹2226800₹102 (27.50%)
26-11-2023₹80.00₹2226800₹102 (27.50%)
25-11-2023₹80.00₹1214600₹92 (15%)
24-11-2023₹80.00₹1214600₹92 (15%)
23-11-2023₹80.00₹1214600₹92 (15%)
22-11-2023₹80.00₹1214600₹92 (15%)

Grey Market Premium (GMP) is a key indicator of the sentiment surrounding an IPO. It represents the price at which the IPO is traded in an unofficial and unregulated grey market before its listing on the stock exchange. The GMP provides insights into how the IPO might perform on its listing day. Let’s take a look at the recent GMP data for Deepak Chemtex:

Also See: All IPO GMP Today

About Deepak Chemtex

Deepak Chemtex Limited, established in 1997, is a manufacturer of colorants used in various industries such as food, pharmaceuticals, cosmetics, detergents, agriculture, and more. Colorants are essential formulations that impart color to consumer products. Over the years, the company has evolved to produce a comprehensive range of FD&C (Food, Drug, and Cosmetic) colorants used in a wide array of products.

The company employs various production processes, including sulfonation, condensation, bromination, oxidation, and reduction, enabling it to meet diverse requirements for end products and applications. Deepak Chemtex also focuses on quality control, ensuring the safety and quality of its products. They export their products to several countries, making them a global player in the industry.

Also Read: All IPO Details

Strengths of Deepak Chemtex

  1. Wide Product Range: Deepak Chemtex offers a wide range of colorants and has the capability to customize products according to customer needs.
  2. Diverse Customer Base: The company has established long-standing relationships with customers across various geographical locations.
  3. In-house Manufacturing: With well-equipped machines and processes, Deepak Chemtex maintains control over the production process, ensuring quality and efficiency.
  4. Quality and Safety Focus: The company places a strong emphasis on quality, environmental responsibility, health, and safety.
  5. Stable Financial Performance: Deepak Chemtex has demonstrated consistent financial performance over the years.
  6. Experienced Management: The company is led by experienced promoters and senior management with extensive knowledge in the domain.

Deepak Chemtex IPO Schedule

Here are the key dates for the Deepak Chemtex SME IPO:

  • IPO Open Date: 29-11-2023
  • IPO Close Date: 01-12-2023
  • Basis of Allotment Finalisation Date: 06-12-2023
  • Refunds Initiation: 07-12-2023
  • Credit of Shares to Demat Account: 08-12-2023
  • SME IPO Listing Date: 11-12-2023

Conclusion

The Deepak Chemtex SME IPO is generating excitement in the market, as indicated by its positive Grey Market Premium. However, it’s essential to remember that GMP can be volatile, and investment decisions should be based on a comprehensive analysis of the company’s fundamentals and prospects. Deepak Chemtex’s strong product range, customer relationships, and commitment to quality make it an intriguing opportunity for investors. Before investing, it’s advisable to conduct thorough research and consult with financial experts to make an informed decision.

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