Deepak Chemtex Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Deepak Chemtex Ltd IPO

Deepak Chemtex Limited is primarily engaged in the business of manufacturing of colorants finding its application in Food, Drug, Cosmetics, Cleaning compounds, Agriculture and other industries. The Company commenced its business in 1997 and has over the years evolved into manufacturing of a complete range of FD&C (Food, Drug and Cosmetic) colours used in the confectionary, bakery, desserts, beverage, dairy products, seasoning, pet foods, pharmaceutical products, cosmetics & personal care products. It also manufactures salt free dyes used in inkjet industry, pond dyes used in ponds, lakes, swimming pools etc. and other colorants.

Deepak Chemtex Ltd IPO Details

Total Shares Offered

₹ 28,80,000

Offer to Public

TBA

Retail Max (Shares)

₹ 9,56,800

Pre Issue Promoters Holding

₹ 79,35,952

Exchange

BSE

Issue size

₹ 23.04 Cr

IPO Open Date

Nov 29, 2023

Close Date

Dec 1, 2023

Lot Size

1600

Min Investment

₹ 1,21,600

Issue Type

Book Building - SME

Listing Date

Dec 6, 2023

Deepak Chemtex Ltd IPO Dates

Nov 29, 2023

Opening date

Dec 1, 2023

Closing date

Dec 6, 2023

Basis of Allotment

Dec 7, 2023

Initiation of Refunds

Dec 8, 2023

Credit of Shares

Dec 6, 2023

Listing date

Details

Sector	Type
Sector	Dyes And Pigments
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1364800
NII	0x	411200
Retail	0x	956800
Employee	0x	0
Total	0x	2880000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1364800

411200

956800

2880000

Deepak Chemtex Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	79.45	49.35	46.70
EBITDA	17.00	10.38	9.52
PAT	10.07	6.63	6.15
Total Assets	29.82	40.54	19.12
Share Capital	10.86	10.86	0.50
Total Borrowings	3.25	2.13	2.76
Operating Activities (Net Cash)	11.69	7.39	6.81
Investing Activities (Net Cash)	-0.01	0.10	0.09
Financing Activities (Net Cash)	3.25	2.13	2.76
Net Cashflow	4.86	19.06	0.99

About Deepak Chemtex Ltd

Deepak Chemtex Limited was originally incorporated as a private limited Company under the name of Deepak Chemtex Private Limited on June 10, 1997 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai, bearing registration number as 11-108648. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from Deepak Chemtex Private Limited to Deepak Chemtex Limited vide fresh certificate of incorporation dated September 04, 2023, issued by the Registrar of Companies, Maharashtra, Pune. The Corporate identification number of the Company is U24110PN1997PLC211935.

Covering more than 80,000 commercial products, India's chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilisers. India is the 6th largest producer of chemicals in the world and 3rd in Asia, contributing 7% to India's GDP. India's chemical sector, which is currently estimated to be worth US$ 220 billion in 2022 and is anticipated to grow to US$ 300 billion by 2025 and US$ 1 trillion by 2040.

Peer Comparison:

Vidhi Specialty Food Ingredients Ltd
Vipul Organics Ltd
Kiri Industries Ltd

Deepak Chemtex Ltd Key Points

Strengths

Wide range of products with ability to customize.

Long standing relationships with diversified customers across geographies.

In-house manufacturing facility with equipped machines and processes.

Focus on Quality, Environment, Health and Safety.

Stable and consistent financial performance.

Risk

The company's business is dependent and will continue to depends on its manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

The company derives a significant part of its revenue from major customers and the company does not have long term contracts with these customers. If one or more of such customers choose not to source their requirements from it, its business, financial position and results of operations may be adversely affected.

Its reliance on certain industries for a significant portion of its sales could have an adverse effect on the company's business.

Strategy

Continue to focus on manufacturing by expanding its product portfolio.

Continue to reduce operating costs and improve operational efficiencies.

Continue to strengthen its presence in India and expand its sales and distribution network in international markets.

Continue to focus on its manufacturing capabilities.

How To Apply for Deepak Chemtex Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Deepak Chemtex Ltd IPO?

Deepak Chemtex Ltd's IPO offers shares for up to 23.04 It begins on Nov 29, 2023 and ends on Dec 1, 2023.

What is the price of the Deepak Chemtex Ltd IPO?

The price of Deepak Chemtex Ltd IPO ranges between ₹76 to ₹80 per share.

What are the open and close dates for the Deepak Chemtex Ltd IPO?

The Deepak Chemtex Ltd IPO opens on Nov 29, 2023 and closes on Dec 1, 2023.

When will the Deepak Chemtex Ltd IPO be allotted?

The allotment for the Deepak Chemtex Ltd IPO will be finalised on Dec 6, 2023. The shares will be listed on BSE and NSE on Dec 6, 2023.

What is the minimum lot size required for Deepak Chemtex Ltd IPO?

The minimum lot size for Deepak Chemtex Ltd IPO is 1600 shares, priced between ₹76 to ₹80 per share.

What is the GMP of Deepak Chemtex Ltd IPO?

The GMP (Grey Market Premium) of Deepak Chemtex Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Deepak Chemtex Ltd IPO?

To check the allotment status of Deepak Chemtex Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Deepak Chemtex Ltd IPO getting listed?

The Deepak Chemtex Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 29, 2023, and closes on Dec 1, 2023. The allotment is finalised on Dec 6, 2023.

How do you apply for the Deepak Chemtex Ltd IPO?

To apply for the Deepak Chemtex Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.