Deepak Chemtex IPO is a book built issue of Rs 23.04 crores. The issue is entirely a fresh issue of 28.8 lakh shares.
Deepak Chemtex IPO opens for subscription on November 29, 2023 and closes on December 1, 2023. The allotment for the Deepak Chemtex IPO is expected to be finalized on Wednesday, December 6, 2023. Deepak Chemtex IPO will list on BSE SME with tentative listing date fixed as Monday, December 11, 2023.
Deepak Chemtex IPO price band is set at ₹76 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Hem Securities Limited is the book running lead manager of the Deepak Chemtex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Deepak Chemtex IPO DRHP for detailed information.
Deepak Chemtex IPO Details
| IPO Date | November 29, 2023 to December 1, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹23.04 Cr) |
| Fresh Issue | 2,880,000 shares (aggregating up to ₹23.04 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,984,000 |
| Share holding post issue | 10,864,000 |
| Market Maker portion | 147,200 shares |
Deepak Chemtex IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 Timeline (Tentative Schedule)
Deepak Chemtex IPO opens on November 29, 2023, and closes on December 1, 2023.
| 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 Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator |
Deepak Chemtex IPO Promoter Holding
Mr. Saurabh Deepak Arora and Ms. Trishla Baid are the company promoters.
| Share Holding Pre Issue | 99.40% |
| Share Holding Post Issue |
About Deepak Chemtex Limited
Incorporated in 1997, Deepak Chemtex Limited is engaged in the business of manufacturing colorants for applications in Food, Drug, Cosmetics, Cleaning compounds, Agriculture, and other industries.
The company manufactures FDC (Food, Drug, and Cosmetic) colors used in confectionary, bakery, desserts, beverages, dairy products, seasonings, pet foods, pharmaceutical products, cosmetics & personal care products. It also manufactures salt-free dyes used in the inkjet industry, pond dyes used in ponds, lakes, swimming pools, etc, and other colorants used in car wash products, portable sanitation cleaners, detergent & soap, fuel, oil & lubricants, smoke, seed treatment, crop protection, fertilizer indicators, floral dyes, etc.
Deepak Chemtex’s manufacturing unit is located in Ratnagiri District in Maharashtra with a production capacity of over 1200 metric tonnes per annum. It is equipped with glass-lined reactors, boilers, and stainless steel equipment and gets audited regularly by its clients from the USA and EU. The facility is ISO 9001:2015 accredited. The manufacturing unit has also received a HALAL certificate which guarantees that the food is prepared per Islamic law and is unadulterated and a KOSHER certificate that a particular food item or product has been prepared per the Dietary Laws of Judaism.
The company has over 100 products in its portfolio and exports its products to countries like China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States Of America, etc.
Deepak Chemtex Limited Financial Information (Restated Consolidated)
Deepak Chemtex Limited’s revenue decreased by -12.12% and profit after tax (PAT) rose by 49.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,382.32 | 1,715.17 |
| Revenue | 4,783.72 | 5,443.68 |
| Profit After Tax | 631.02 | 423.10 |
| Net Worth | 1,569.73 | 938.43 |
| Reserves and Surplus | 1,519.83 | 888.53 |
| Total Borrowing | 136.80 | 199.49 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.14 |
| ROE | 50.27% |
| ROCE | 49.65% |
| EPS (Rs) | 7.9 |
Check Deepak Chemtex IPO Peer Comparison here.
Objects of the Issue (Deepak Chemtex IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Deepak Chemtex Limited Contact Details
Deepak Chemtex Limited
Aawashi, 28/1A,
A/P Adgul Aawashi,
Lote, Ratnagiri – 415722
Phone: +91 88706 82632
Email: info@deepakchemtex.in
Website: https://www.deepakchemtex.in/index
Deepak Chemtex IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html