Deepak Chemtex Limited IPO Detail
Incorporated in 1997, Deepak Chemtex Limited is engaged in the business of manufacturing colorants for applications in Food, Drug, Cosmetics, Cleaning compounds, Agriculture, and other industries.
The company manufactures FDC (Food, Drug, and Cosmetic) colors used in confectionary, bakery, desserts, beverages, dairy products, seasonings, pet foods, pharmaceutical products, cosmetics & personal care products. It also manufactures salt-free dyes used in the inkjet industry, pond dyes used in ponds, lakes, swimming pools, etc, and other colorants used in car wash products, portable sanitation cleaners, detergent & soap, fuel, oil & lubricants, smoke, seed treatment, crop protection, fertilizer indicators, floral dyes, etc.
Deepak Chemtex's manufacturing unit is located in Ratnagiri District in Maharashtra with a production capacity of over 1200 metric tonnes per annum. It is equipped with glass-lined reactors, boilers, and stainless steel equipment and gets audited regularly by its clients from the USA and EU. The facility is ISO 9001:2015 accredited. The manufacturing unit has also received a HALAL certificate which guarantees that the food is prepared per Islamic law and is unadulterated and a KOSHER certificate that a particular food item or product has been prepared per the Dietary Laws of Judaism.
The company has over 100 products in its portfolio and exports its products to countries like China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States Of America, etc.
Company Promoters
Mr. Saurabh Deepak Arora and Ms. Trishla BaidIPO Details
| IPO Opening Date | Nov 29, 2023 |
| IPO Closing Date | Dec 01, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 - 80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹23.04 Cr |
| Fresh Issue | ₹23.04 Cr |
| Offer for Sale | - |
| Retail Portion | 33.22% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.84x | - | - | 9.95x | 26.61x | 16.06x |
| Day 2 | 10.95x | - | - | 106.03x | 126.77x | 89.23x |
| Day 3 | 96.80x | - | - | 642.25x | 475.36x | 403.03x |
IPO Tentative Timetable
The Deepak Chemtex Limited IPO open date is Nov 29, 2023, and the close date is Dec 01, 2023. The issue may list on Dec 11, 2023.
| IPO Open Date | Nov 29, 2023 |
| IPO Close Date | Dec 01, 2023 |
| Basis of Allotment Date | Dec 06, 2023 |
| Initiation of Refunds | Dec 07, 2023 |
| Credit of Shares to Demat Account | Dec 08, 2023 |
| IPO Listing Date | Dec 11, 2023 |
IPO Lot Size
The Deepak Chemtex Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.40% |
| Post Issue Share Holding | 73.05% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1715.17 | 5443.68 | 423.10 |
| 31-Mar-23 | 2382.32 | 4783.72 | 631.02 |
| 30-Sep-23 | 2820.64 | 2212.95 | 311.18 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding capital expenditure towards the installation of plant & machinery in our existing premises.
- Investment in its subsidiary DCPL Speciality Chemicals Private Limited for financing its capital expenditure towards the installation of plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Deepak Chemtex Limited IPO Registrar:
Bigshare Services Pvt Ltd
Deepak Chemtex Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Deepak Chemtex Limited
Aawashi, 28/1A,
A/P Adgul Aawashi,
Lote, Ratnagiri - 415722
