Deep Polymers Limited IPO (Deep Polymers Limited) Detail

Aug 8, 2018 - Aug 13, 2018

Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.

The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.

Deep Polymer's total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The
The company's restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,904.30 3,009.04 2,539.78 2,637.90 2,321.31
Total Revenue 4,110.09 4,274.43 3,600.85 4,113.89 3,473.07
Profit After Tax 214.73 128.02 (35.41) 67.05 (36.06)

Objects of the Issue

The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-
1. Working capital requirement;
2. Issue Expenses; and
3. General corporate purpose

Deep Polymers Limited Details

IPO Date Aug 8, 2018 to Aug 13, 2018
Listing Date Thursday, August 23, 2018
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Issue Size3,810,000 shares of ₹10
(aggregating up to ₹15.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoter of the company is Rameshbhai Bhimjibhai Patel. He holds 33,00,000 Equity Shares constituting 31.39% of the Pre Offer Capital.

Deep Polymers Limited Lot Size

The Deep Polymers Limited lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

Deep Polymers Limited Review

Issue is fully priced. Company’s top line is almost stagnant for last four fiscals. Merchant banker has poor track record. Cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...

Deep Polymers Limited Subscription Status (Bidding Detail)

The Deep Polymers Limited is subscribed 1.39 times on Aug 13, 2018 6:30:02 PM. The public issue subscribed 0.48 times in the retail category, times in the QIB category, and 2.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Deep Polymers Limited Prospectus

Deep Polymers Limited Rating

Rating:Rated 2.9 stars
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Deep Polymers Limited Listing Date

Listing Date Thursday, August 23, 2018
BSE Script Code 541778
NSE Symbol
Listing In MT Group of Securities
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Deep Polymers Limited
Block No. 727B/H, Bhavi Industries
Rakanpur (Santej), Tal Kalol,
D Gandhinagar- 380 060
Phone: +91-2764-286032

Deep Polymers Limited Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Deep Polymers Limited Review

Deep Polymers Limited Recommendation Summary

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Deep Polymers Limited FAQs

Deep Polymers Limited is a SME IPO of 3,810,000 equity shares of the face value of ₹10 aggregating up to ₹15.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Aug 8, 2018, and closes on Aug 13, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Deep Polymers Limited opens on Aug 8, 2018 and closes on Aug 13, 2018.

Deep Polymers Limited lot size is 3000 Shares and the minimum order quantity is .

You can apply in Deep Polymers Limited online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Deep Polymers Limited will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Deep Polymers Limited allotment status.

The Deep Polymers Limited listing date is on Thursday, August 23, 2018.
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Deep Polymers Limited Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



17. Kabhikabhi |   Link |Aug 28, 2018 1:12:34 PM
trying to sell this at hdfc securities.but i get this message "Total Hold Qty 3000 cannot exceed Max permissible hold of 0" anyone here who can help me please?

I got 3000 shares on allotment.
16. VIE |   Link |Aug 23, 2018 10:19:52 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
I.e 1.95 above issue price of 40
15. VIE |   Link |Aug 23, 2018 8:44:33 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Deep Polymers will list today.
Best of luck to all allottees.
Happy investing ???? ????
14. VIE |   Link |Aug 22, 2018 2:44:50 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
please update the allotment section as allotment is out
13. VIE |   Link |Aug 22, 2018 2:19:32 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
allotment is out for deep polymers .link is available here.firm allotment to all brave retailers.happy investing.
13.1. Small Investor |   Link |Aug 22, 2018 2:36:37 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Retailers m sabko milega Allotment
12. IPOANALYSIS |   Link |Aug 10, 2018 2:01:38 PM
All corporate section bids to be rejected and withdrawn post closing. All retailer who applied will loose money .Motive is just to get as many Bakre retailers who can subscribe
12.1. khushbir singh |   Link |Aug 13, 2018 5:07:02 PM
Well said, appreciate you.
11. IPOANALYSIS |   Link |Aug 10, 2018 7:09:37 PM
A very poor track record of lead manager gretex

1)Kids medical issued at 30 rs hitting continuous lower circuit and is now at 14 rs.
2)Deabpock recently issued at 20 rs is now at 14 rs.
3)diggi multoirade at 13 rs is at 8 rs

These were small issues which have now halved the issue price

Just imagin what will be fate of this large issue of this lead manager.
10. IPOANALYSIS |   Link |Aug 10, 2018 6:18:59 PM
everyone who will apply will get full allotment whether in hni and retail category as the bids for corporate section are fake ones and ought to have technical rejection

9. Abhishek Shahi |   Link |Aug 10, 2018 5:02:45 PM
As of now, issue subscribed.
8. IPOANALYSIS |   Link |Aug 8, 2018 6:52:31 PM
I have been told by insider news that this is doing fake subscription as corporate section who applied will provide incorrect details which will be automatically cancelled.
They know few retgailer will get trapped easily by checking the subscription

Out of total subsciption just minus the corporate subscription which is its actual subscription detail.

a new good strategy applied by lead manager to trap innocent retailer.

this is a company which cannot pay TDS for multiple years .
so what can you epect from usch company

stay away and instead by quality names like shree oswal seeds, ganga forging and ushanti chemical from secondary market.
8.1. khushbir singh |   Link |Aug 9, 2018 11:20:36 AM
Agreed with you.
7. IPOANALYSIS |   Link |Aug 8, 2018 7:09:04 PM

Read below in prospectus. This company has lot of ligitation where in they have not paid income tax and TDS

Also, on multiple occasion they have provide incorrect details which is supppose to indulge in penalties
A clear case of this sme shuld have been cancelled where in bad management is using offer for sale to exit their promoter

Our Company, Promoters and Group Entities have currently pending Income Tax Proceedings, Outstanding
Demands and defaults in payment of TDS and any adverse decision in such proceedings may render us liable to
liabilities and penalties and may adversely affect our business and results of operations.

Name of our Promoter, Mr. Rameshbhai Patel being different in some government identification proof which
may result in defamation of him resulting the negative impact on our Company.

Our Company has issued 1,38,000 equity shares on March 31, 2007, which the company has inadvertently
mentioned as 1,41,000 equity shares in e-form 2, for return of allotment, and in the list of allottees, filed with
Registrar of Companies.
Our Company has filed e-form 2 with Registrar of Companies, Ahmedabad under Companies Act, 1956 for the
further issue of 1,38,000 equity shares on March 31, 2007, in which the Company has inadvertently mentioned
1,41,000 equity shares and also in the list of allottees. However, the correct Paid-Up Capital was shown in the
Annual Return filed by the Company for the financial year 2006-2007 and further the MCA Master Data shows the
correct Paid-Up Capital as on date. Though till date we have not been issued any notices from any Authority
including ROC we cannot assure that we will not be subject to any penalties for the said erroneous filings in the
future. Such erroneous filings may in future render us liable to statutory penalties or disallowing the resolutions
passed for such issuance of Paid-Up Capital which may have adverse effect in operations of our Company.
6. IPOANALYSIS |   Link |Aug 5, 2018 5:45:01 PM
A fraud company which has defaulted on TDS for many years.

Stay away with such management and bad lead manager
6.3. Small Investor |   Link |Aug 8, 2018 12:51:06 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
but sir Corporate already 1x subscripts ho chuka h ye keval retailers ko fanshane k liy h
6.4. IPOANALYSIS |   Link |Aug 8, 2018 2:46:48 PM
As i said before corporate can be clearly false subscription
they can easily get technical rejection.
it will be a tsrategy to get retailer subscribe as many retailer just look at HNI subscription

Only Inndividual section in sme is genuine.
It is bad management company who defaulted in payment.
5. Small Investor |   Link |Aug 8, 2018 12:48:19 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
NII 0.97% Subscrips
keep away because this is a game for trep of Retailers
4. S Patel |   Link |Aug 8, 2018 10:45:36 AM
big avoid.. expensive..
3. VIE |   Link |Aug 8, 2018 9:51:56 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Out of total issue size of 15.24 cr., 9.80 was ofs went to promoters. Its Better to avoid and wait for better opportunities. Happy investing ???? ????
2. IPOANALYSIS |   Link |Aug 5, 2018 12:47:14 PM
Clear avoid. BSE issue and priced too expensive. Also lead manager has bad track record
1. Small Investor |   Link |Aug 3, 2018 5:49:21 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
1.1. master strock |   Link |Aug 3, 2018 7:12:25 PM
I endorse your views.