Dipna Pharmachem IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Dipna Pharmachem IPO release date, IPO offer price, subscription, Dipna Pharmachem 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. 38 |
| Listing At | BSE SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | NA |
| Offer for Sale | – |
| Fresh Issue | Rs. 1520.76 Lakh |
| IPO Size | Rs.1520.76 Lakh |
| Tick Size | 1 |
Dipna Pharmachem IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Dipna Pharmachem IPO – Summary
Our Company was originally incorporated as ‗Dipan Pharmachem Private Limited‘ as Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated July19, 2011 bearing Corporate Identification Number U24100GJ2011PTC066400 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.
The name of the Company was changed to ―Dipna Pharmachem Private Limited‖ and a fresh certificate of Incorporation was issued on March 29, 2012 bearing Corporate Identification Number U24100GJ2011PTC066400 by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.
Subsequently, our Company was converted in to a public limited company pursuant to a special resolution passed by our shareholders at the EGM held on May 13, 2022 and consequently the name of our company was changed to ―Dipna Pharmachem Limited‖ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated May 25, 2022. The CIN of the Company is U24100GJ2011PLC066400.
The Promoter of this company is Mr. Keyur Dipakkumar Shah. The lead manager to the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Dipna Pharmachem IPO Date
The opening of Dipna Pharmachem IPO will be on Aug 25, 2022 and the closing date Aug 30, 2022.
Dipna Pharmachem IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 25th Aug | 0.02x | 0.29x | 0.15x |
| 2nd Day – 26th Aug | 0.06x | 1.09x | 0.58x |
| 3rd Day – 29th Aug | 0.30x | 2.27x | 1.28x |
| 4th Day – 30th Aug | 0.78x | 4.75x | 2.77x |
| Shares Offered or Net Issue | 1,899,000 | 1,899,000 | 3,798,000 |
The shares subscribed by the public will be updated here.
Dipna Pharmachem 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.
Dipna Pharmachem Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Dipna Pharmachem IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.38.
Dipna Pharmachem IPO Equity Size
This Initial Public Issue of 40,02,000 Equity Shares of Rs.10 each for cash at a price of Rs.38 per equity share aggregating to Rs.1520.76 Lakh.
Dipna Pharmachem IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 37,98,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 4,002,000 Equity Shares of Rs.10 each, aggregating to Rs.1520.76 Lakh.
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Dipna Pharmachem IPO – Live Performance
The listing date of this IPO is NA. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Dipna Pharmachem Share Price |
Dipna Pharmachem IPO Grey Market Premium
The Dipna Pharmachem Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Dipna Pharmachem IPO – Company Overview
Our Company is engaged in the trading and distribution of wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products.
Presently our product portfolio comprises of 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovasculars, Anti – Bactaria, Quinolones, Veterinary, Anti – Virus, Anti – Inflammatory, Neuropsychiatry, Steroid Hormone, other etc.
Being a trading and distribution company, we have pan India market for our products. The Company had also started the selling of chemicals on commission basis in the Financial year 2022 the Company had earned comission income of ` 127.50 lacs.
The Company is doing trading in Ahmedabad and surrounding area of Ahmedabad.
Dipna Pharmachem 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-20 | 31-Mar-21 | 31-Mar-22 | |
| Total Assets | 1844.18 | 2479.34 | 3622.96 |
| *Total Revenue | 3054.85 | 3101.54 | 7276.58 |
| Total Expense | 3,048.86 | 3,096.04 | 7,119.15 |
| Profit After Tax | 5.9 | 2.42 | 116.69 |
Earnings per Equity Share (in Lakh)
| 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | |
| Basic & Diluted | 16.86 | 6.91 | 333.40 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.116.69 Lakh, Rs.2.42 Lakh, and Rs.5.9 Lakh, respectively.
Dipna Pharmachem IPO – Promoters
The Promoter of this company is Mr. Keyur Dipakkumar Shah.
List of Related Parties (Key Managerial Personnel)
- Keyur Shah, Managing Director
- Dipna Shah, Director
- : Nandish Jani, Additional Director
- Chinu Kalal, Additional Director
- Keyur Parmar, Chief Financial Officer
- Khushboo Jethaliya, Company Secretary and Compliance Officer
Dipna Pharmachem IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 66.56%
Dipna Pharmachem IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 40,02,000 Equity Shares aggregating up to Rs. 1520.76 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,04,000 Equity Shares aggregating up to Rs.77.52 Lakh |
| Net Issue to the Public | Up to 37,98,000 Equity Shares aggregating up to Rs. 1443.24 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 79,68,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,19,70,000 Equity Shares |
Dipna Pharmachem IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Working capital requirement
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
Dipna Pharmachem IPO – Business Strategy
- Develop cordial relationship with our Suppliers, Customer and employees
- To build-up a professional organization
- Leveraging our Marketing skills and Relationships
Dipna Pharmachem 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:
- Diversified Product Portfolio.
- Experienced Promoter.
- Quality Service.
- High Level of Customer Satisfaction.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 333.40 | 67.12 | 496.74 |
| 31-Mar-21 | 6.91 | 4.23 | – |
| 31-Mar-20 | 16.86 | 10.78 | – |
Dipna Pharmachem IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Dipna Pharmachem Limited | 10 | 0.11 | 333.40 | 67.12 | 7276.58 |
| Listed Peers | |||||
| Earum Pharmaceuticals Limited | 10 | 31.33 | 0.14 | 0.81 | 5001.58 |
| A-1 Acid Limited | 10 | 107.51 | 2.73 | 6.79 | 14518.00 |
Dipna Pharmachem IPO Lead Managers
| Lead Managers |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat, India Tel No.:+91-9898055647 Web Site :www.ifinservices.in Email : mbd@ifinservices.in Investor Grievance Email: info@ifinservices.in Contact Person: Mr. Pradip Sandhir SEBI Reg. No.:INM000012856 |
Dipna Pharmachem IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400093 Tel No:+91 22-62638200 Fax No +91 22-62638299 Website: www.bigshareonline.com E-Mail: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Aniket Chindarkar SEBI Reg. No.: INR000001385 |
Dipna Pharmachem IPO – Other Details
- Statutory Auditor – M/s B.S Jain & Co., Chartered Accountants
- Legal Counsel to the Company – Neelkanth Rajiv Mehta, Advocate
- Bankers to the Company – Indusind Bank Ltd
Dipna Pharmachem 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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Dipna Pharmachem Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Dipna Pharmachem IPO Review FAQs
Check out various FAQs related to Dipna Pharmachem IPO:
What is the Issue Size of Dipna Pharmachem IPO?
The Company is making an initial public offer of 40,02,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Dipna Pharmachem IPO?
The price band for this particular IPO ranges between Rs.38. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Dipna Pharmachem IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 25, 2022, while the closing date is set at Aug 30, 2022.
What is the Dipna Pharmachem IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Dipna Pharmachem IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Dipna Pharmachem IPO?
One of the reputed registrars is managing the issue of this IPO,BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Dipna Pharmachem IPO?
Here are the promoters of this IPO – Keyur Dipakkumar Shah . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Dipna Pharmachem IPO?
We have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Rhetan IPO good for Investment?
We 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 Dipna Pharmachem Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.116.69 Lakh, Rs.2.42 Lakh, and Rs.5.9 Lakh, respectively.
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