Deep Polymers Limited IPO – Review, Allotment, Subscription, Price, GMP, Date & more

Deep Polymers is engaged in manufacturing colour and additive masterbatches for engineering plastics and compounds that includes wide range of quality products like antifab fillers, transparent fillers, colour fillers, which is used as cost effective replacements for polymers and acts as anti-fibrillating, anti-blocks, anti-slip agents. The Company has issued 38,10,000 Equity shares of Rs.10 each.

Let’s have a detailed review of the company and analytics of the Deep Polymers Limited IPO release date, IPO offer price, subscription, Deep Polymers Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

 


Deep Polymers Limited IPO Review & Ratings

Deep Polymers Limited IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Deep Polymers Limited  IPO

Deep Polymers Limited IPODeep Polymer is engaged in manufacturing colour and additive master batches for engineering plastics and compounds that includes wide range of quality products like antifab fillers, transparent fillers, colour fillers, which is used as cost effective replacements for polymers and acts as anti-fibrillating, anti-blocks, anti-slip agents. The manufacturing facilities are well equipped with streamlined process to ensure quality of products and timely manufacturing.

The company endeavour to maintain safety in the premises by adhering to key safety norms. The well- equipped machines, with in-house printing and Quality Control facility and own logistics- dedicated fleet of trucks for timely delivery. The company is being promoted by Mr. Rameshbhai Bhimjibhai Patel having experience of more than 20 years who is the guiding force behind all the strategic decisions of the Company. The Company is also a member of the Plastics Export Promotion Council which is sponsored by Ministry of Commerce & Industry, Government of India.


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    Deep Polymers Limited  IPO Date

    The opening and the closing date of IPO is Aug 8, 2018 – Aug 13, 2018.


    Deep Polymers Limited IPO Subscription

     Subscription
    Day 1 – Aug 8, 20180.56x
    2025000
    Day 2 – Aug 9, 20180.98x
    3543000
    Day 3 – Aug 10, 2018X
    Day 4  – Aug 13, 2018X
    Day 5 

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Deep Polymers Limited  IPO Allotment Status

    Click to check the Allotment status.

    The Issue is being made through the Fixed Price Process wherein up to 38,10,000 Equity Shares shall be reserved for Market Maker upto 1,92,000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.

    • Basis of Allotment: 20-August-2018
    • Refunds: 21-August-2018
    • Credit to demat accounts: 23-August-2018
    • Listing: 24-August-2018

    Deep Polymers Limited IPO Price Band

    The face value of each share is Rs 10 and the price band of the IPO is Rs 40, so the premium price is Rs 40.


    Deep Polymers Limited IPO Equity Share Offering

    38,10,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 40 aggregating to Rs 1,524.00 Lakh.


    Deep Polymers Limited – Company Overview

    Deep Polymers is engaged in manufacturing colour and additive masterbatches for engineering plastics and compounds that includes wide range of quality products like antifab fillers, transparent fillers, colour fillers, which is used as cost effective replacements for polymers and acts as anti-fibrillating, anti-blocks, anti-slip agents. In Deep group, the company have started  manufacturing facility at Ahmedabad and manufacture plastic master batches with 600 MT productions per annum in year 1992 and now has achieved colour master batches and filler master batches of 12,000 MT and 25,000 MT respectively.

    Competitive Strengths of Deep Polymers Limited:

    • Rich management experience
    • Quality Assurance.
    • Existing relationship with suppliers

    Business strategies of Deep Polymers Limited:

    • Expanding clientele Network by Geographic expansion
    • Reduction of operational costs and achieving efficiency
    • Focus on cordial relationship

    Deep Polymers Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakhs)
    31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets2,904.303,009.042,539.782,637.902,321.31
    Total Revenue4,110.094,274.433,600.854,113.893,473.07
    Total Expense3,817.264,078.743,649.414,016.503,524.07
    Profit After Tax214.73128.02(35.41)67.05(36.06)

     

    Earnings per Equity Share (in Lakhs)

    31-MAr-1631-Mar-1731-Mar-18
    Basic -4.4113.402.03
    Diluted -4.4113.402.03

     


    Deep Polymers Limited IPO – Promoters

    The Promoter of this company are:

    1. Mr. Rameshbhai Patel

    List of Related Parties (Key Managerial Personnel)

    • Ms. Dhrupa Thakkar,
    • Mr. Debsankar Das

    Interest in promotion of the Company
    The Promoter is interested in the Company to the extent that they have promoted the Company, to the extent of
    their respective Equity shareholding in the Company and to such extent any dividend distribution that may be
    made by the Company in the future. For details pertaining to the Promoter’ shareholding, please refer “Capital
    Structure” on page 56 of the Draft Prospectus.

    Interest as Director of the Company
    None of the Directors are also interested to the extent of being Directors on the Board, as well as any remuneration, sitting fees and reimbursement of expenses payable to each of them. For more information, please refer “The Management” on page 119 of the Draft Prospectus.

    Interest in the property of the Company
    The Promoter does not have any interest in any property acquired by or proposed to be acquired by the Company two years prior to filing of the Draft Prospectus.


    Deep Polymers Limited IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered 38,10,000 Equity Shares of Rs 10/- each at an Issue Price of Rs 40 aggregating to Rs 1,524.00 Lakh.
     Of which:
     Reserved for Market Makers 1,92,000 Equity Shares of Rs 10/- each
     Net Issue to the Public 18,09,000 Equity Shares of Rs 10/- each 
     Of which:
     Retail Investors Portion X Equity Shares of Rs 10/- each 
     Non-Retail Investors PortionX Equity Shares of Rs 10/- each 
     Equity Shares outstanding prior to the Issue105,11,600 Equity Shares of Rs 10/- each
     Equity Shares outstanding after the Issue118,71,600Equity Shares of Rs 10/- each

    Deep Polymers Limited IPO Issue Object

    These are the IPO Issue Objects of the company

    • To Meet working capital requirement
    • To Meet the Issue Expenses
    • To Meet General corporate purpose

     

    Deep Polymers Limited IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Diverse portfolio of Services
    • Established relationship with clients leading to recurring business
    • Experienced management and operational team
    • Customer Satisfaction
    • Diversified Industry Sectors
    • International Presence

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-16-4.41NA126.14
    31-Mar-1713.409.60%139.54
    31-Mar-182.0313.87%14.72
    • Industry P/E Ratio:
    ParticularsP/E ratio
    AverageNA
    HighestNA
    LowestNA
    • Competitive Peers:

    Deep polymers Peer


     

    Deep Polymers Limited IPO Lead Managers

    Lead Managers
    GRETEX CORPORATE SERVICES PRIVATE
    LIMITED
    102, 1st Floor, Atrium-2, Behind Coutyard Marriott Hotel,
    Andheri Kurla Road, Hanuman Nagar, Andheri- East,
    Mumbai-400093, Maharashtra, India
    Tel. No.: +91-22 -4002 5273/9836822199
    Fax No.: +91-22-4002 5273, Email:info@gretexgroup.com
    Website:www.gretexcorporate.com
    Contact Person: Ms. Amina Khan
    SEBI Registration No: INM000012177

    Deep Polymers Limited IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    Bharat Tin Workings Building, 1st Floor,
    Opp. Vasant Oasis, Marol Maroshi Road,
    Marol, Andheri- East, Mumbai – 400059 Maharashtra
    Tel: +91 22 62638200, Fax: +91 22 62638299
    E-mail: ipo@bigshareonline.com, Website: www.bigshareonline.com
    Contact Person: Mr. Srinivas Dornala
    SEBI Registration No.: INR000001385

    Other Details:

    • Statutory Auditor – H.K Shah & Co, Chartered Accountants
    • Peer Review Auditor – H.K Shah & Co Chartered Accountants
    • Bankers to the Company – HDFC Bank

    Deep Polymers Limited IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

     


    Deep Polymers Limited IPO Grey Market Premium

    The Deep Polymers Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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      Deep Polymers Limited IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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