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Deepak Chemtex IPO is a book built issue of Rs 23.04 crores. The issue is entirely a fresh issue of 28.8 lakh shares.
Deepak Chemtex IPO bidding started from November 29, 2023 and ended on December 1, 2023. The allotment for Deepak Chemtex IPO was finalized on Wednesday, December 6, 2023. The shares got listed on BSE SME on December 6, 2023.
Deepak Chemtex IPO price band is set at ₹76 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Hem Securities Limited is the book running lead manager of the Deepak Chemtex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Deepak Chemtex IPO is Hem Finlease.
Refer to Deepak Chemtex IPO RHP for detailed information.
| IPO Date | November 29, 2023 to December 1, 2023 |
| Listing Date | December 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹23.04 Cr) |
| Fresh Issue | 2,880,000 shares (aggregating up to ₹23.04 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,984,000 |
| Share holding post issue | 10,864,000 |
| Market Maker portion | 147,200 shares Hem Finlease |
Deepak Chemtex IPO offers 2,880,000 shares. 547,200 (19.00%) to QIB, 411,200 (14.28%) to NII, 956,800 (33.22%) to RII and 817,600 (28.39%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 817,600 (28.39%) |
| Market Maker Shares Offered | 147,200 (5.11%) |
| QIB Shares Offered | 547,200 (19.00%) |
| NII (HNI) Shares Offered | 411,200 (14.28%) |
| Retail Shares Offered | 956,800 (33.22%) |
| Total Shares Offered | 2,880,000 (100%) |
Deepak Chemtex IPO raises Rs 6.54 crore from anchor investors. Deepak Chemtex IPO Anchor bid date is November 28, 2023. Deepak Chemtex IPO Anchor Investors list
| Bid Date | November 28, 2023 |
| Shares Offered | 817,600 |
| Anchor Portion Size (In Cr.) | 6.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 5, 2024 |
Deepak Chemtex IPO opens on November 29, 2023, and closes on December 1, 2023.
| IPO Open Date | Wednesday, November 29, 2023 |
| IPO Close Date | Friday, December 1, 2023 |
| Basis of Allotment | Wednesday, December 6, 2023 |
| Initiation of Refunds | Thursday, December 7, 2023 |
| Credit of Shares to Demat | Friday, December 8, 2023 |
| Listing Date | Wednesday, December 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 1, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator | |||
Mr. Saurabh Deepak Arora and Ms. Trishla Baid are the company promoters.
| Share Holding Pre Issue | 99.40% |
| Share Holding Post Issue | 73.05% |
Founded in 1997, Deepak Chemtex Limited produces colorants for the food, pharmaceutical, cosmetics, detergent, agricultural and other industries.
Deepak Chemtex manufactures Food, Drug, and Cosmetic (FD&C) colorants used in confectionery, baked goods, desserts, beverages, dairy products, spices, pet food, pharmaceuticals, cosmetics, and personal care products. The colorants are produced from unwanted salts and isomers.
The company also produces salt-free dyes for the inkjet industry, pond dyes for ponds, lakes, swimming pools, etc. as well as other dyes for car washes, portable sanitary cleaners, detergents, and soaps, fuels, oils and lubricants, smoke, seed treatment, pesticides, fertilizer indicators, flower dyes, etc.
Deepak Chemtex's manufacturing facility is located in Ratnagiri, Maharashtra.
As of FY 2023, the company's portfolio includes over 100 products. The company exports its products to countries such as China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States of America, etc.
Deepak Chemtex Limited's revenue decreased by -12.12% and profit after tax (PAT) rose by 49.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,820.64 | 2,382.32 | 1,715.17 |
| Revenue | 2,212.95 | 4,783.72 | 5,443.68 |
| Profit After Tax | 311.18 | 631.02 | 423.10 |
| Net Worth | 1,879.90 | 1,568.88 | 938.43 |
| Reserves and Surplus | 1,081.50 | 1,518.98 | 888.53 |
| Total Borrowing | 120.78 | 136.80 | 199.49 |
| Amount in ₹ Lakhs | |||
The market capitalization of Deepak Chemtex IPO is Rs 86.91 Cr.
| KPI | Values |
|---|---|
| ROE | 50.27% |
| ROCE | 49.65% |
| Debt/Equity | 0.09 |
| RoNW | 40.17% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.89 | |
| P/E (x) | 10.14 | 13.96 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of colorants. It posted inconsistency in its top lines for the reported periods, but its bottom line marked boosted trends from FY23 onwards, that raises concern over the sustainability. Based on FY24 super annualized earnings, the issue appears fully priced. Well informed investors may park funds for the medium term. Read detail review...
The Deepak Chemtex IPO is subscribed 403.03 times on December 1, 2023 7:02:00 PM. The public issue subscribed 475.36 times in the retail category, 96.80 times in the QIB category, and 642.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 96.80 |
| NII | 642.25 |
| Retail | 475.36 |
| Total | 403.03 |
Total Application : 340,706 (569.74 times)
| Listing Date | December 6, 2023 |
| BSE Script Code | 544036 |
| NSE Symbol | |
| ISIN | INE0RDM01013 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹80.00 |
| ₹152.00 |
| ₹152.00 |
| ₹159.60 |
| ₹159.60 |
Deepak Chemtex Limited
Aawashi, 28/1A,
A/P Adgul Aawashi,
Lote, Ratnagiri - 415722
Phone: +91 88706 82632
Email: info@deepakchemtex.in
Website: https://www.deepakchemtex.in/index
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Deepak Chemtex IPO is a SME IPO of 2,880,000 equity shares of the face value of ₹10 aggregating up to ₹23.04 Crores. The issue is priced at ₹76 to ₹80 per share. The minimum order quantity is 1600 Shares.
The IPO opens on November 29, 2023, and closes on December 1, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Deepak Chemtex IPO using UPI as a payment gateway. Zerodha customers can apply in Deepak Chemtex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deepak Chemtex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deepak Chemtex IPO opens on November 29, 2023 and closes on December 1, 2023.
Deepak Chemtex IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
You can apply in Deepak Chemtex IPO 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Deepak Chemtex IPO will be done on Wednesday, December 6, 2023, and the allotted shares will be credited to your demat account by Friday, December 8, 2023. Check the Deepak Chemtex IPO allotment status.
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I applied for 1 lot through UPI and my bank account is with Deutsche Bank. I was not allotted the shares but the funds are still blocked.
I tried contacting Bigshare but no response.
Can anyone tell where to call or lodge a complaint?
Please help! thank you.