Deepak Chemtex IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 01, 2023Let’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
They 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:
- Saurabh Deepak Arora
- 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.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| 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 |
| HEM SECURITIES LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED 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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