Deepak Chemtex GMP offering will begin from November 29, 2023 and closes on December 1, 2023 . Read the post to learn about Deepak Chemtex IPO GMP
The Deepak Chemtex IPO date is confirmed for a certain date. IPO starts from November 24 and ends on December 1 Deepak Chemtex is a SME IPO of BSE that is going to raise 23.04 crores for the whole IPO. Considering the 1600 shares market value in the Deepak Chemtex firm’s IPO, the group has fixed the price band between 76 to 80.
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Key Details Of Deepak Chemtex IPO:
Bidding Dates
Nov 29 – Dec 1
Price Range
₹76 to ₹80 per share
Face Value
₹10 per share
GMP
₹75
Deepak Chemtex IPO GMP
The Deepak Chemtex Limited IPO GMP Today is ₹ [75] .
Deepak Chemtex IPO Overview
The IPO of Deepak Chemtex is a public issue through prospectus at a cost of Rs 23.04 crores. This price puts the IPO on the market with a total offering of 28.8 lakh shares, out of which the fresh floor price is Rs. 95. On October 29, 2023, the bidding process for the Deepak Chemtex IPO was initiated, followed by its closure on December 1, 2023. Finally, the number of stocks available for this IPO was decided on Thursday, December 6, 2023. The SEBI approved listing of the shares on BSE SME exchange will be done on the same day, that is, December 6, 2023.
The company has its manufacturing plant in Ratnagiri (Maharashtra) that is provided with glass-lined reactors, boilers, and nickel pipeline systems. From time to time, it presents the results with its stakeholders. The manufacturing plant is ISO 9001:The recognition in 2015 of the food chemical intermediates and dyes manufacturing and supply company for a quality management system by the international certifying body.
Deepak Chemtex Details
| IPO Open: | November 29, 2023 |
| IPO Close: | December 1, 2023 |
| IPO Size: | Approx ₹23.04 Crores, 2,880,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹76 to ₹80 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Deepak Chemtex IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹128,000 |
| Retail Maximum | 1 | 1600 | ₹128,000 |
| S-HNI Minimum | 2 | 3200 | ₹256,000 |
Deepak Chemtex IPO Dates
The Deepak Chemtex IPO date is November 29 and the IPO close date is December 1. The IPO allotment date is December 6 and the IPO might list on December 11.
| IPO Open Date: | November 29, 2023 |
| IPO Close Date: | Decemeber 1, 2023 |
| Basis of Allotment: | December 6, 2023 |
| Refunds: | December 7, 2023 |
| Credit to Demat Account: | December 8, 2023 |
| IPO Listing Date: | December 11, 2023 |
Deepak Chemtex Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2021 | ₹29.73 | ₹26.06 | ₹2.63 |
| 2022 | ₹54.44 | ₹48.80 | ₹4.23 |
| 2023 | ₹47.84 | ₹39.41 | ₹6.31 |
Deepak Chemtex IPO Valuation: FY2023
| Earning Per Share (EPS): | ₹7.90 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 40.20% |
| Net Asset Value (NAV): | ₹19.66 per Equity Share |
Company Profile
Founded in 1997, Deepak Chemtex Ltd is a manufacturer of food, detergents, cosmetic, pharmaceutical, agriculture, and Institutional colorants, which are used by industries like colorants. The company produces FD&C food colors that have vast applications in confectionery, baked foods, desserts, in beverages, in dairy foods, in spices, in pet food, in pharmaceuticals, in cosmetics and personal care products and also enhancing the visual appeal in fruits and vegetables. The verticals are manned Waste salts and unwanted isomers formation which provides safe and high-class products. As advanced as they are, our salt-free dyes are targeted for inkjet domain speaking.
Additionally, the company also provides a colorful line of dyes that can be used in ponds, lakes, swimming pools and even other aquatic environments. Besides, they also offer the broad spectrum of dyes required by different industries, like auto-washes, the manufacturers of portable sanitary cleaners, detergent, soap, fuel, oil, lubricant, fumigation agents, seed treatment, pesticide, and fertilizer as well a flower dyes among others. Thanks to an ever-growing list of available colors, they remain the #1 name in the world of colorants.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263-8200 |
| Email ID | [email protected] |
| Website | http://www.bigshareonline.com |
Contact Details
| Name | Deepak Chemtex LIMITED |
| Phone number | +91 88706 82632 |
| Email ID | [email protected] |
| Website | https://www.deepakchemtex.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Deepak Chemtex FAQs
What is the lot size of Deepak Chemtex IPO?
Deepak Chemtex IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
When is Deepak Chemtex IPO allotment?
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.
When is Deepak Chemtex IPO listing date?
The Deepak Chemtex IPO listing date is on December 6, 2023.
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