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Deepak Fertilisers and Petrochemicals Corporation Limited Rights Issue (Deepak Fertilisers Rights Issue) Detail

₹178.12 Crores | Listing at BSE, NSE | Mon, Sep 28, 2020 - Mon, Oct 12, 2020

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Deepak Fertilisers and Petrochemicals Corporation Limited Logo

Deepak Fertilisers and Petrochemicals Corporation Limited Rights Issue comprises 1.34 Cr equity shares aggregating to ₹178.12 Cr, offered at an issue price of ₹133 per share with a face value of ₹10 per share.

The record date for determining eligible shareholders is Sep 17, 2020, with the Rights Issue being offered in the entitlement ratio of 3:20.

As per the terms of payment, ₹133 per share payable in full at the time of application.

The Rights Issue opens on Sep 28, 2020 and closes on Oct 12, 2020.

The deemed date of allotment is Oct 21, 2020, following which the equity shares are expected to be credited to demat accounts on Oct 23, 2020 and listed on NSE and BSE on Oct 26, 2020.

BOB Capital Markets Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Deepak Fertilisers and Petrochemicals Corporation Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Thu, Sep 17, 2020

Entitlement Ratio

3 : 20

Open Date

Mon, Sep 28, 2020

Close Date

Mon, Oct 12, 2020

Rights Issue Details

Rights Issue Timetable

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19
Total Assets 61,312.30 71,176.10
Total Revenue 19,115.50 22,782.00
Profit After Tax 890.10 734.70

About Deepak Fertilisers and Petrochemicals Corporation Limited

Incorporated in 1979. Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is one of the leading producers of fertilisers and industrial chemicals in India. DFPCL is engaged in manufacturing and providing a wide range of products and services like industrial chemicals, all kinds of fertilisers, chemicals, heavy chemicals, petroleum products, chemical compounds, chemical medicines, pharmaceuticals, farming diagnostics and solutions, technical ammonium nitrate, and value-added real estate. DFPCL is the market leader in speciality fertilisers and has the largest integrated Nitric Acid plant in South East Asia.DFPCL is only the manufacturer of Iso Prophyl Alcohol (IPA) in India garnering 85% of the market share. IPA is commonly used as a disinfectant, for sterilization and for manufacturing a wide variety of industrial and household chemicals. DFPCL has four manufacturing plants in India: 1)Taloja - Maharashtra, 2) Srikakulam - Andhra Pradesh, 3) Panipat - Haryana, and 4) Dahej - Gujrat. DFPCL uses cutting edge technology to manufacture and supply high-quality products that meet global standards.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards: 1. Repayment/prepayment of inter corporate deposits ("ICDs") 2. Reduction of the consolidated borrowings of the Company by way of issuing an ICD to Company's wholly owned Subsidiary, Smartchem Technologies Limited ("STL"), for repayment / prepayment of portion of their outstanding indebtedness; and 3. General corporate purpose.

Rights Issue Review

[Dilip Davda] Considering improved performance for Q1, bright prospects following good monsoon this year, the company is poised for better times ahead. Investors may invest in this right offer with a long term perspective. Read detail review...

Company Contact Information

Deepak Fertilisers and Petrochemicals Corporation Limited
Sai Hira, Survey No. 93, Mundhwa,
Pune - 411 036

Rights Issue Registrar

Kfin Technologies Ltd.

Rights Issue Lead Manager(s)

  1. BOB Capital Markets Ltd.

Quick/Useful Links

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Rights Issue FAQs

The Deepak Fertilisers Rights Issue opens on Mon, Sep 28, 2020, and closes on Mon, Oct 12, 2020.

Deepak Fertilisers Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateMon, Sep 28, 2020
Issue Closing DateMon, Oct 12, 2020
Date of Allotment (on or about)Wed, Oct 21, 2020
Date of Credit (on or about)Fri, Oct 23, 2020
Date of Listing (on or about)Mon, Oct 26, 2020
Deepak Fertilisers Rights Issue price is set at ₹133 per share.
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date (Thu, Sep 17, 2020).
The record date for the Deepak Fertilisers Rights Issue is Thu, Sep 17, 2020.
The issue size of Deepak Fertilisers Rights Issue is of 1,33,92,663 equity shares at ₹133 per share aggregating up to ₹178.12 Crores.
The Letter of Offer for Deepak Fertilisers Rights Issue can be downloaded here.

You can apply for Deepak Fertilisers Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Deepak Fertilisers Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Deepak Fertilisers Rights Issue is available on the list.
  4. Click the Apply button next to the Deepak Fertilisers Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Steps to apply for Deepak Fertilisers Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Deepak Fertilisers Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.
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