Deepak Chemtex Limited IPO : Key Info.

Deepak Chemtex Limited IPO is set to launch on 29 November, 2023. The company initiated its business operations in the year 1997. It manufactures colourants for application in Cosmetics, Drug, Food, Agriculture, Cleaning compounds, etc. The manufacturing unit of the company is located in Ratnagiri, Maharashtra. The company has a manufacturing capacity of 1200 MT per annum. The product portfolio of the company has more than 100 products and it exports them to France, China, Europe, Kenya, Japan, Mexico, United Kingdom, Australia, USA etc. 

Deepak Chemtex Limited IPO DETAILS

Deepak Chemtex Limited IPO is set to launch on 29 November, 2023. The subscription timeline extends till 1 December, 2023. The size for the IPO is 23.04 Crore Rs. Shares issued through fresh issue mode are worth 23.04 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 76 Rs to 80 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Deepak Chemtex Limited IPO 

Deepak Chemtex Limited IPO : IMPORTANT DATES

Deepak Chemtex Limited IPO begins for subscription from 29 November, 2023. The IPO subscription would continue till 1 December, 2023. The allotment status for the shareholders who applied would come on 6 December, 2023. The refunds for the ones who did not get allotment would be initiated on 7 December, 2023. The DEMAT accounts of shareholders would be credited on 8 December, 2023. The listing of the company would be completed on 11 December, 2023.

Deepak Chemtex Limited IPO : Lead Managers

The lead managers are :

• Hem Securities Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 128000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 256000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• IPO money will be used for expansion purposes like setting up of new facilities, purchase of plant and machinery etc. 
• The company will need the IPO money to invest in the subsidiary DCPL Speciality Chemicals Private Limited.

COMPANY FINANCIALS

Deepak Chemtex Limited had an asset base of 1712 Lakh Rs in the year 2022 which increased to 2382 Lakh Rs in the year 2023. The asset base of the company till September 2023 was 2820 Lakh Rs. The revenue of the firm was 5443 Lakh Rs in the year 2022. This decreased to 4783 Lakh Rs in the year 2023. The revenue of the company till September 2023 was 2212 Lakh Rs. The profit of the company was 423 Lakh Rs in the year 2022 which increased to 631 Lakh Rs. The profit of the company was 311 Lakh Rs till September 2023.

PROS

• The manufacturing unit of the company is located in Ratnagiri, Maharashtra. The company has a manufacturing capacity of 1200 MT per annum. 
• The product portfolio of the company has more than 100 products and it exports them to France, China, Europe, Kenya, Japan, Mexico, United Kingdom, Australia, USA etc.

CONS

• The company works in a highly competitive segment.

Deepak Chemtex Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Deepak Chemtex Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.