Dipna Pharmachem Limited IPO Detail
Incorporated in 2011, Dipna Pharmachem Limited is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products. The Company also started selling chemicals on a commission basis in the Financial year 2022. The company conducts business in Ahmedabad and the surrounding area of Ahmedabad.
The company's product portfolio comprises 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovascular, Anti - Bacteria, Quinolones, Veterinary, Anti - Virus, Anti - Inflammatory, Neuropsychiatry, Steroid Hormone, other etc.
The company is supplying raw materials to pharmaceutical industries and the pharmaceutical industry falls under the essential business list declared by the Government.
Competitive Strengths :
- Diversified Product Portfolio
- Experienced Promoter
- Quality Service
- High level of customer satisfaction
Company Promoters
Mr. Keyur Dipakkumar Shah is the company promoter.IPO Details
| IPO Opening Date | Aug 25, 2022 |
| IPO Closing Date | Aug 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹38 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹15.21 Cr |
| Fresh Issue | 4,002,000 shares of ₹10 (aggregating up to ₹15.21 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.02x | 0.23x | 0.12x | |
| Day 2 | - | - | 0.02x | 0.29x | 0.15x | |
| Day 3 | - | - | 0.78x | 4.75x | 2.77x |
IPO Tentative Timetable
The Dipna Pharmachem Limited IPO open date is Aug 25, 2022, and the close date is Aug 30, 2022. The issue may list on Sep 08, 2022.
| IPO Open Date | Aug 25, 2022 |
| IPO Close Date | Aug 30, 2022 |
| Basis of Allotment Date | Sep 05, 2022 |
| Initiation of Refunds | Sep 06, 2022 |
| Credit of Shares to Demat Account | Sep 07, 2022 |
| IPO Listing Date | Sep 08, 2022 |
IPO Lot Size
The Dipna Pharmachem Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹114000 |
| Maximum | 1 | 3000 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 66.56% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1844.18 | 3054.85 | 5.9 |
| 31-Mar-21 | 2479.34 | 3101.54 | 2.42 |
| 31-Mar-22 | 3622.96 | 7276.58 | 116.69 |
Objects of the Issue:
The company intends to utilize the Net Proceeds for the following objects :
- Working capital requirement.
- General corporate purposes.
Dipna Pharmachem Limited IPO Registrar:
Bigshare Services Pvt Ltd
Dipna Pharmachem Limited IPO Lead Manager(s):
Interactive Financial Services Ltd (Past IPO Performance)
Company Contact Information:
Dipna Pharmachem Limited
A/211, Siddhi Vinayak Complex, Near D.A.V. School, Makarba,
Ahmedabad
Gujarat
