IPO Details
Bidding Dates
29 Nov '23 - 01 Dec '23
Minimum Investment
₹128,000 / 1 Lots ( 1600 Shares )
Price Range
₹76 - ₹80
Maximum Investment
₹128,000 / 1 Lots ( 1600 Shares )
Retail Discount
Not Applicable
Issue Size
₹23.04 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Nov 29, 2023
IPO Closing Date
Dec 1, 2023
Basis of Allotment
Dec 6, 2023
Basis of Allotment
Dec 7, 2023
Credit of Shares to Demat Account
Dec 8, 2023
IPO Listing Date
Dec 11, 2023
UPI Mandate Expiry Date
Dec 1, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Nov 29, 2023 |
3.84x | 9.95x | 26.61x | 16.06x |
Day 2Nov 30, 2023 |
10.95x | 106.03x | 126.77x | 89.23x |
Day 3Dec 1, 2023 |
96.80x | 642.25x | 475.36x | 403.03x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Bbuyers | 96.80 |
| Non-Institutional Buyers | 642.25 |
| Retail Investors | 475.36 |
| Total | 403.03 |
About Deepak Chemtex Limited
Incorporated on June 10, 1997, as Deepak Chemtex Private Limited, the company is involved in manufacturing colourants, which are used in drug, food, cosmetics, agriculture, cleaning compounds and other industries. They also manufacture pond dyes, salt-free dyes and other colourants used in car wash products, crop protection, etc.
The company’s manufacturing unit is situated in Ratnagiri District in Maharashtra, which is accredited with ISO 9001:2015 for quality management systems. Their product portfolio consists of 100 products, and they also export to other countries, such as France, the United Kingdom, China, Kenya, Europe, Mexico, Australia, Japan, the United States of America, etc.
In 2019, the Indian chemicals industry touched US $178 billion and is expected to grow to US $304 billion by 2025. By 2023, it is expected to contribute US$ 383 billion to India’s GDP. This can offer the company a scope to expand.
Deepak Chemtex Limited IPO Details
Deepak Chemtex Limited IPO Date
Deepak Chemtex Limited’s IPO will open on November 29, 2023 and close on December 1, 2023.
Deepak Chemtex Limited IPO Price Band
Deepak Chemtex Limited is a fresh issue of 28,80,000 shares. The price band is ₹76 to ₹80 per share.
Deepak Chemtex Limited IPO Lot Size
Deepak Chemtex Limited’s IPO lot size is 1,600 shares, where the minimum investment is 1 lot.
Deepak Chemtex Limited IPO Objectives
The objectives of Deepak Chemtex Limited's IPO are listed below:
- To fund the capital expenditure to install plants and machinery in their existing premises.
- To invest in their subsidiary DCPL Speciality Chemicals Private Limited to finance its capital expenditure.
- To fund the working capital requirements of the company.
- To meet general corporate purposes.
Peer Details
Deepak Chemtex Limited faces competition from publicly listed players like:
- Vidhi Specialty Food Ingredients Limited
- Vipul Organics Limited
- Kiri Industries Limited
How To Check the Deepak Chemtex Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Deepak Chemtex Limited IPO
- Registered office: Aawashi, 28/1A, A/P Adgul Aawashi, Lote, Ratnagiri, Ratnagiri, Maharashtra, India, 415722.
- Phone: +91 88706 82632
- E-mail: info@deepakchemtex.in
Company Financials
| Particulars | Period ending on March 31, 2023 | Period ending on March 31, 2022 | Period ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 4,783.72 | 5,443.68 | 2,972.75 |
| Profit after Tax | 631.02 | 423.10 | 263.47 |
| Net Worth | 1,569.73 | 938.43 | 516.51 |
| Earnings Per Equity Share (in ₹) | 7.90 | 5.30 | 3.30 |
| Total Borrowings | 136.8 | 199.49 | 158.12 |
Know before investing
Strengths
2-
The company offers a wide range of products which can be customised.
-
The company has a long-term relationship with their customers across the globe.
Risks
2-
The company has only one manufacturing unit, and the operations and revenue are dependent on it.
-
The company's revenue is highly dependent on certain customers with no long-term contracts. If the company fails to retain these customers, it can adversely impact the revenue of the company.
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Deepak Chemtex Ltd IPO FAQs
The Deepak Chemtex Ltd. IPO is a fresh issue of 28,80,000 shares. The price band is ₹76 to ₹80 per share and will open on Wednesday, November 29, 2023.
The allotment date of Deepak Chemtex Limited’s IPO is Wednesday, December 06, 2023.
The IPO subscription window will open on Wednesday, November 29, 2023.
The lot size for the IPO is 1,600 shares, and the minimum investment is 1 lot.
The listing date of Deepak Chemtex Limited is Monday, December 11, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Monday, December 11, 2023, for Deepak Chemtex Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
