Deepak Chemtex GMP offering will begin from November 29, 2023 and closes on December 1, 2023.
The Deepak Chemtex IPO date has been scheduled. The IPO will begin on November 24 and end on December 1. Deepak Chemtex is a BSE SME IPO that will raise 23.04 crores through the IPO. With a market value of 1600 shares, the Deepak Chemtex IPO price band is set between 76 to 80.
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Bidding Dates
Nov 29 – Dec 1
Price Range
₹76 to ₹80 per share
Face Value
₹10 per share
GMP
₹75
Deepak Chemtex GMP
The Deepak Chemtex Limited IPO GMP is ₹ [75] .
IPO Overview
The IPO of Deepak Chemtex is a book built issue worth Rs 23.04 crores. This IPO consists of a fresh issue of 28.8 lakh shares. The bidding for the Deepak Chemtex IPO commenced on November 29, 2023, and concluded on December 1, 2023. The allotment for this IPO was finalized on Wednesday, December 6, 2023. Subsequently, the shares were listed on BSE SME on the same day, December 6, 2023.
The company’s manufacturing facility is located in Maharashtra’s Ratnagiri District and is outfitted with glass-lined reactors, boilers, and stainless steel equipment. It is periodically audited by its clients. The manufacturing plant is ISO 9001:2015 certified for a quality management system for the manufacture and supply of chemical intermediates and dyes.
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
Established in 1997, Deepak Chemtex Limited specializes in the production of colorants catering to a wide range of industries including food, pharmaceutical, cosmetics, detergent, agricultural, and more. The company manufactures Food, Drug, and Cosmetic (FD&C) colorants that find applications in confectionery, baked goods, desserts, beverages, dairy products, spices, pet food, pharmaceuticals, cosmetics, and personal care products. These colorants are derived from unwanted salts and isomers, ensuring high-quality and safe products. In addition to this, Deepak Chemtex also offers salt-free dyes specifically designed for the inkjet industry.
Furthermore, the company produces pond dyes suitable for ponds, lakes, swimming pools, and other water bodies. They also provide a diverse range of dyes for various purposes such as car washes, portable sanitary cleaners, detergents, soaps, fuels, oils, lubricants, smoke, seed treatment, pesticides, fertilizer indicators, flower dyes, and more. With their extensive product portfolio, Deepak Chemtex Limited continues to be a leading player in the colorant industry.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263-8200 |
| Email ID | ipo@bigshareonline.com |
| Website | http://www.bigshareonline.com |
Contact Details
| Name | Deepak Chemtex LIMITED |
| Phone number | +91 88706 82632 |
| Email ID | info@deepakchemtex.in |
| Website | https://www.deepakchemtex.in |
IPO Strenghts
- 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.
