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Dipna Pharmachem Limited IPO (Dipna Pharmachem IPO) Detail

Aug 25, 2022 - Aug 30, 2022

Incorporated in 2011, Dipna Pharmachem Limited is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products. The Company also started selling chemicals on a commission basis in the Financial year 2022. The company conducts business in Ahmedabad and the surrounding area of Ahmedabad.

The company's product portfolio comprises 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovascular, Anti - Bacteria, Quinolones, Veterinary, Anti - Virus, Anti - Inflammatory, Neuropsychiatry, Steroid Hormone, other etc.

The company is supplying raw materials to pharmaceutical industries and the pharmaceutical industry falls under the essential business list declared by the Government.

Competitive Strengths :

  1. Diversified Product Portfolio
  2. Experienced Promoter
  3. Quality Service
  4. High level of customer satisfaction

Company Financials

Dipna Pharmachem Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201844.183054.855.954.7551.25
31-Mar-212479.343101.542.4257.1753.67
31-Mar-223622.967276.58116.69173.86170.36
Amount in ₹ Lakhs

Objects of the Issue

The company intends to utilize the Net Proceeds for the following objects :

  1. Working capital requirement.
  2. General corporate purposes.

Dipna Pharmachem IPO Details

Dipna Pharmachem IPO Date Aug 25, 2022 to Aug 30, 2022
Dipna Pharmachem IPO Face Value ₹10 per share
Dipna Pharmachem IPO Price ₹38 per share
Dipna Pharmachem IPO Lot Size 3000 Shares
Issue Size4,002,000 shares of ₹10
(aggregating up to ₹15.21 Cr)
Fresh Issue4,002,000 shares of ₹10
(aggregating up to ₹15.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Mr. Keyur Dipakkumar Shah is the company promoter.

Dipna Pharmachem IPO Lot Size

The Dipna Pharmachem IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹114,000
Retail (Max) 1 3000 ₹114,000

Dipna Pharmachem IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 66.56%

Dipna Pharmachem IPO Review

After showing dismal performances for FY20 and FY21, it marked a bumper turnover and net profits, which appears to be a window dressing in a pre-IPO year. DPL is just a trader in pharmachem. Since it is operating in a highly competitive and fragmented segment, the sustainability of such performance is a major concern. Based on such super profits also the issue is aggressively priced. There is no harm in ignoring such a pricy bet. Read detail review...


Dipna Pharmachem IPO Subscription Status (Bidding Detail)

The Dipna Pharmachem IPO is subscribed 2.77 times on Aug 30, 2022 7:52:00 PM. The public issue subscribed 4.75 times in the retail category, times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.78
Retail4.75
Total2.77

Dipna Pharmachem IPO Prospectus

Dipna Pharmachem IPO Rating

205
4.1
Rating:Rated 4.1 stars
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Dipna Pharmachem IPO Listing Date

Listing Date Thursday, September 8, 2022
BSE Script Code 543594
NSE Symbol
Listing In MT Group of Securities
ISIN INE0MC401013
IPO Price ₹38 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹38.00
₹32.00
₹30.40
₹33.60
₹33.40

Company Contact Information

Dipna Pharmachem Limited
A/211, Siddhi Vinayak Complex,
Near D.A.V. School, Makarba,
Ahmedabad – 380 055,
Phone: +91-9898066121
Email: info@dipnapharmachem.com
Website: http://dipnapharmachem.com/

Dipna Pharmachem IPO Registrar

Bigshare Services Pvt Ltd

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

Dipna Pharmachem IPO Review

Dipna Pharmachem IPO Recommendation Summary

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Brokers 0 0 1
Members 3 0 1

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Dipna Pharmachem IPO FAQs

Dipna Pharmachem IPO is a SME IPO of 4,002,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Aug 25, 2022, and closes on Aug 30, 2022.

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 Dipna Pharmachem IPO using UPI as a payment gateway. Zerodha customers can apply in Dipna Pharmachem IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Dipna Pharmachem IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Dipna Pharmachem IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Dipna Pharmachem IPO opens on Aug 25, 2022 and closes on Aug 30, 2022.

Dipna Pharmachem IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Dipna Pharmachem 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Dipna Pharmachem IPO listing date is on Thursday, September 8, 2022.
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