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SME IPO Status: Listed [29th Nov 2023 to 1st Dec 2023]
Deepak Chemtex Limited is going to launch its SME IPO at BSE SME. The issue size of this SME IPO is Rs 23.04 Cr that is 100 % Fresh Issue. The face value of each share is Rs 10. This IPO is opening from 29 Nov 2023 to 01 Dec 2023. If You want to apply in this SME IPO then you have to buy at least one lot of 1600 shares or its multiple at the described price band of Rs 76 to Rs 80 for each share.
Keep visiting this website to get the latest details of Deepak Chemtex Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 29th Nov 2023 |
| SME IPO Issue Closing Date: | 1st Dec 2023 |
| SME IPO Issue Price: | ₹76.00-80.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹23.04 Cr |
| Fresh Issue: | ₹23.04 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.40% |
| Promoter Holding Post IPO: | 73.05% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544036 |
Get important updates regarding Deepak Chemtex SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 6th Dec 2023 |
| Refunds Initiation* | 7th Dec 2023 |
| Credit of Shares to Demat* | 8th Dec 2023 |
| SME IPO Listing Date* | 6th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹76.00-80.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-12-2023 | 80.00 | 75 | 91200 | ₹155 (93.75%) | 6-Dec-2023 9:24 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Deepak Chemtex Limited was established in 1997 and primarily manufactures colourants used in the food, pharmaceutical, cosmetic, detergent, agricultural and other industries. Colourants are formulations of chemical intermediates, pigments, dyes, and additives that impart colour to various consumer products. The company started its operations in 1997 and over the years has developed into a manufacturer of a full range of FD&C (Food, Drug and Cosmetic) colourants used in confectionery, bakery, desserts, beverages, dairy products, spices, pet food, pharmaceuticals, cosmetics and personal care products. In addition, the company 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 soap, fuels, oils and lubricants, smoke, seed treatment, crop protection, fertilizer indicators, flower colours, etc.
They use various production processes, such as sulfonation, condensation, bromination, oxidation, reduction, high-pressure reactions, purification, etc., which enables us to meet niche and advanced requirements of a wider range of end products and applications. They produce colourants from unwanted salts and isomers. The company's quality system includes quality controls focusing on colour testing, heavy metal detection, microbiological contamination testing and particle size analysis performed by an in-house team.
The company exports to countries including China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States of America, etc. The company offers flexible packaging options such as IBC tank packaging, HDPE drum packaging, carton drum packaging, carton packaging and container filling, etc. They pack the offered range hygienically to ensure safety during transportation.
| Incorporation | Sector | IPO Issue Size | Website |
| 1997 | Chemicals & Petrochemicals | ₹23.04 Cr | https://www.deepakchemtex.in/index |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 547,200 (26.53%) | 558,400 (27.08%) | 956,800 (46.39%) | 2,062,400 | |
| 1 | 29th Nov 2023 19:04 | 3.84x | 9.95x | 26.61x | 16.06x |
| 2 | 30th Nov 2023 19:04 | 10.95x | 106.03x | 126.77x | 89.23x |
| 3 | 1st Dec 2023 19:04 | 96.80x | 642.25x | 475.36x | 403.03x |
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 table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Deepak Chemtex Limited | 7.89 | 7.89 | 40.17 | |||
| Vidhi Specialty Food Ingredients Limited | 7.55 | 7.55 | 56.62 | 15.04 | ||
| Vipul Organics Limited | 1.47 | 1.47 | 90.31 | 3.53 | ||
| Kiri Industries Limited | 20.67 | 20.67 | 13 | 3.98 |
Last Updated on 10-Dec-2023 06:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Deepak Chemtex SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Deepak Chemtex SME IPO with Zerodha.
Alternate approch to apply in Deepak Chemtex SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Deepak Chemtex SME IPO Review and Important Updates
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To subscribe or apply in Deepak Chemtex SME IPO, you can use the following methods:
| Deepak Chemtex SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Deepak Chemtex SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Deepak Chemtex SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Deepak Chemtex SME IPO. Most of the Syndicate Banks provide access to apply in Deepak Chemtex IPO via ASBA process. You must have your net banking access, DP ID information to apply in Deepak Chemtex SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Deepak Chemtex SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Deepak Chemtex SME IPO Review and Important Updates
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Deepak Chemtex SME IPO is going to be list on 06-12-2023. BSE Code for Deepak Chemtex is 544036.
Other relevant questions:
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Deepak Chemtex SME IPO Allotment Date is 06-12-2023.
Other relevant questions:
Deepak Chemtex SME IPO share allotment date?Deepak Chemtex SME IPO allotment date?
