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 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.

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 DateAug 8, 2018 - Aug 13, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,810,000 Eq Shares of ₹10
(aggregating up to ₹15.24 Cr)
Face Value₹10 Per Equity Share
IPO Price₹40 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME

Deep Polymers Limited Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

Deep Polymers Limited Subscription Status (Bidding Detail)

Deep Polymers Limited how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,809,000

1,809,000

3,618,000

Aug 13, 2018 18:30

2.30x

0.48x

1.39x

Deep Polymers Limited Prospectus

Deep Polymers Limited Rating

57
2.9
Rating:Rated 2.9 stars

Vote Here ...

Deep Polymers Limited Listing Date

Listing DateThursday, August 23, 2018
BSE Script Code541778
NSE Symbol
Listing InMT
ISININE00IY01012
IPO Price₹40 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹40.00
₹41.90
₹40.80
₹42.00
₹40.90
189,000

Deep Polymers Limited Reviews / Ratings

Company Contact Information

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

Phone: +91-2764-286032
Email: info@deeppolymer.in
Website: http://www.deeppolymer.in/

Deep Polymers Limited Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Deep Polymers Limited FAQs

  1. 1. What is Deep Polymers Limited?

    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 price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Deep Polymers Limited will open?

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

  3. 3. How to apply for Deep Polymers Limited?

    Deep Polymers Limited application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Deep Polymers Limited allotment?

    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.

  5. 5. When is Deep Polymers Limited listing date?

    The Deep Polymers Limited listing date is on Thursday, August 23, 2018, at BSE SME.
  6. 6. What is the lot size of Deep Polymers Limited?

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

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Deep Polymers Limited Review / Comments

Kabhikabhi
17. Kabhikabhi  Aug 28, 2018 12:12
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.
VIE
16. VIE  Aug 23, 2018 09:19
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP ON BSE SME IS 41.95
I.e 1.95 above issue price of 40
VIE
15. VIE  Aug 23, 2018 07:44
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Deep Polymers will list today.
Best of luck to all allottees.
Happy investing 😀 😀
VIE
14. VIE  Aug 22, 2018 13:44
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
admin
please update the allotment section as allotment is out
VIE
13. VIE  Aug 22, 2018 13:19
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.
www.bigshareonline.com/BSSIPOApplicationStatus.aspx
Small Investor
13.1. Small Investor  Aug 22, 2018 13:36
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Retailers m sabko milega Allotment
IPOANALYSIS
12. IPOANALYSIS  Aug 10, 2018 13:01
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
khushbir singh
12.1. khushbir singh  Aug 13, 2018 16:07
Well said, appreciate you.
IPOANALYSIS
11. IPOANALYSIS  Aug 10, 2018 18:09
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.
IPOANALYSIS
10. IPOANALYSIS  Aug 10, 2018 17:18
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

Abhishek Shahi
9. Abhishek Shahi  Aug 10, 2018 16:02
As of now, issue subscribed.
IPOANALYSIS
8. IPOANALYSIS  Aug 8, 2018 17:52
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.
khushbir singh
8.1. khushbir singh  Aug 9, 2018 10:20
Agreed with you.
IPOANALYSIS
7. IPOANALYSIS  Aug 8, 2018 18:09

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.
IPOANALYSIS
6. IPOANALYSIS  Aug 5, 2018 16:45
A fraud company which has defaulted on TDS for many years.

Stay away with such management and bad lead manager
Small Investor
6.3. Small Investor  Aug 8, 2018 11:51
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
but sir Corporate already 1x subscripts ho chuka h ye keval retailers ko fanshane k liy h
IPOANALYSIS
6.4. IPOANALYSIS  Aug 8, 2018 13:46
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.
Small Investor
5. Small Investor  Aug 8, 2018 11:48
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
NII 0.97% Subscrips
keep away because this is a game for trep of Retailers
S Patel
4. S Patel  Aug 8, 2018 09:45
big avoid.. expensive..
VIE
3. VIE  Aug 8, 2018 08:51
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 😀 😀
IPOANALYSIS
2. IPOANALYSIS  Aug 5, 2018 11:47
Clear avoid. BSE issue and priced too expensive. Also lead manager has bad track record
Small Investor
1. Small Investor  Aug 3, 2018 16:49
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
avoid
master strock
18.1. master strock  Aug 3, 2018 18:12
I endorse your views.






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