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

Face Value Rs 10
Price Band Rs 76 to Rs 80
Listing At BSE, SME
Min. Order Quantity 1600 Shares
Listing Date December 11, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 2304 Lakh
IPO Size Rs 2304 Lakh
Tick Size 1

Deepak Chemtex IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Deepak Chemtex Share Price

Deepak Chemtex IPO – Summary

Deepak Chemtex IPOThey are primarily engaged in the business of manufacturing colourants finding their application in Food, Drugs, Cosmetics, Cleaning compounds, Agriculture and other industries. Colourants are formulations of chemical intermediates, pigments or dyes and additives used to add colour to various consumables.

They commenced their business in 1997 and have over the years evolved into manufacturing a complete range of FD&C (Food, Drug and Cosmetic) colours used in the confectionery, bakery, desserts, beverages, dairy products, seasonings, pet foods, pharmaceutical products, cosmetics & personal care products.

The Promoter of this company is Saurabh Deepak Arora and Trishla Baid. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Deepak Chemtex IPO Date

The opening and closing dates of Deepak Chemtex IPO are November 29, 2023, and December 1, 2023, respectively.

Deepak Chemtex IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 29th Nov 3.84x 9.95x 26.61x 16.06x
2nd Day – 30th Nov 10.95x 106.03x 126.77x 89.23x
3rd Day – 1st Dec 96.80x 642.25x 475.36x 403.03x
Shares Offered or Net Issue 547,200 558,400 956,800 3,027,200

The shares subscribed by the public will be updated here.

Deepak Chemtex IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Deepak Chemtex Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization November 29, 2023
Refunds Initiation December 6, 2023
Credit of Shares to Demat Account December 7, 2023
Share Listing Date December 8, 2023

Deepak Chemtex IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 76 to Rs 80 

Deepak Chemtex IPO Equity Size

This Initial Public Issue of 2,880,000 Equity Shares of Rs.10 each for cash at a price of Rs 76 to Rs 80 per equity share aggregating to Rs.2304 Lakh.

Deepak Chemtex IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,880,000 Equity Shares of Rs.10/ each.

Issue Size: 2,880,000 Equity Shares of Rs.10 each, aggregating to Rs.2304 Lakh

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    Deepak Chemtex IPO – Live Performance

    The listing date of this IPO is December 8, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Deepak Chemtex Share Price

    Deepak Chemtex IPO Grey Market Premium

    The Deepak Chemtex Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Deepak Chemtex IPO – Company Overview

    Their manufacturing facility is situated in Ratnagiri District in Maharashtra and is equipped with glass-lined reactors, boilers and stainless steel equipment and gets audited on a regular basis by their clients.

    They use various production processes like Sulphonation, Condensation, Bromination, Oxidation, Reduction, High pressure reactions, Purification etc which enables them to cater to niche and advanced requirements of a wider range of end-products and applications.

    They manufacture colourants from unwanted salts and isomers. The quality framework at their organization comprises quality checks focused on shade testing, heavy metals detection, microbiological contamination tests and particle size analysis done by their in-house team.

    Their manufacturing facility is accredited with ISO 9001:2015 for quality management systems for the manufacture and supply of chemical intermediates & dyes stuff.

    Deepak Chemtex IPO – Financial Statements

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

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-23 Mar-22 31-Mar-21
    Total Assets 2,382.32 1,715.17 1,107.25
    *Total Revenue 4,783.72 5,443.68 2,972.75
    Total Expense 3,940.70 4,880.01 2,606.44
    Profit After Tax 631.02 423.10 263.47

    Earnings per Equity Share (in Lakh)

    31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 7.90 5.30 3.30

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 631.02 Lakh, Rs. 423.10 Lakh and Rs. 263.47 Lakh respectively.

    Deepak Chemtex IPO – Promoters

    The Promoter of this company is:

    1. Saurabh Deepak Arora
    2. Trishla Baid

    List of Related Parties (Key Managerial Personnel)

    • Saurabh Deepak Arora, Chairman & Managing Director
    • Trishla Baid, Whole-time Director & CFO
    • Rajesh Kalikaprasad Tiwari, Executive Director
    • Narendra Kumar Baid, : Non-Executive Director

    Deepak Chemtex IPO – Promoters Holding

    • Pre-Issue Share Holding – 99.40%
    • Post-Issue Share Holding – %

    Deepak Chemtex IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 2,880,000 Equity Shares aggregating up to Rs.2304 Lakh
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 79,84,000 Equity Shares
     Equity Shares outstanding after the Issue X Equity Shares

    Deepak Chemtex IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Funding capital expenditure towards the installation of plant & machinery in their existing premises.
    • Investment in their subsidiary DCPL Speciality Chemicals Private Limited for financing its capital expenditure towards the installation of plant and machinery.
    • Funding to meet working capital requirements
    • General Corporate Purpose.

    Deepak Chemtex IPO – Business Strategy

    • Continue to focus on manufacturing by expanding their product portfolio.
    • Continue to reduce operating costs and improve operational efficiencies
    • Continue to strengthen their presence in India and expand their sales and distribution network in international markets
    • Continue to focus on their manufacturing capabilities.

    Deepak Chemtex IPO – Basis of 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:

    • Wide range of products with the ability to customize
    • Long-standing relationships with diversified customers across geographies
    • In-house manufacturing facility with equipped machines and processes
    • Focus on Quality, Environment, Health and Safety
    • Stable and consistent financial performance
    • Experienced Promoters and Senior Management with extensive domain knowledge

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 7.90 40.20 19.66
    31-Mar-22 5.30 45.09 11.75
    Mar-21 3.30 51.01 6.47

    Deepak Chemtex IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Deepak Chemtex Limited 10 [●] 7.90 40.20% 4,783.72
    Listed Peers
    Vidhi Specialty Food Ingredients Limited 1 54.77 7.55 15.04% 40,520.28
    Vipul Organics Limited 10 89.59 1.47 3.53% 13,399.73
    Kiri Industries Limited 10 13.43 20.67 3.98% 94,840.14

    Deepak Chemtex IPO Lead Managers

    Lead Managers
    904, A Wing, Naman Midtown, Senapati Bapat Marg,
    Elphinstone Road, Lower Parel, Mumbai-400013, India
    Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Website: www.hemsecurities.com
    Contact Person: Roshni Lahoti
    SEBI Registration Number: INM000010981

    Deepak Chemtex IPO Registrar to offer

    Registrar to the Offer
    Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali
    Caves Road, Andheri (East), Mumbai- 400093, India.
    Tel No.: +91 022 6263 8200
    Fax: +91 022 6263 8299
    Email: ipo@bigshareonline.com
    Contact Person: Babu Rapheal C
    Website: www.bigshareonline.com
    SEBI Registration Number: INR000001385

    Deepak Chemtex IPO – Other Details

    • Statutory Auditor – M/s A D V & Associates, Chartered Accountants
    • Legal Counsel to the Company – Vedanta Law Chambers
    • Bankers to the Company – Punjab National Bank

    Deepak Chemtex IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Deepak Chemtex Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Deepak Chemtex IPO Review FAQs

      Check out various FAQs related to Deepak Chemtex IPO:

      What is the Issue Size of Deepak Chemtex IPO?

      The Company is making an initial public offer of 2,880,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Deepak Chemtex IPO?

      The price band for this particular IPO ranges between Rs 76 to Rs 80. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Deepak Chemtex IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on November 29, 2023, while the closing date is set at December 1, 2023.

      What is the Deepak Chemtex IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 6, 2023, refund initiation is on December 7, 2023, credit of shares is on December 8, 2023, and share listing date is on December 11, 2023.

      What is the Deepak Chemtex IPO Listing Date?

      Shares of this company shall be listed in the exchanges on December 11, 2023. The date, when the listing would be done, is stagnant on December 11, 2023.

      Who is the Registrar of Deepak Chemtex IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Deepak Chemtex IPO?

      Here are the promoters of this IPO – Saurabh Deepak Arora and Trishla Baid. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Deepak Chemtex IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Deepak Chemtex IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Deepak Chemtex Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 631.02, 2022 is 423.10, and 2021 is 263.47. 

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