The book-built IPO for Deepak Chemtex is priced at Rs 23.04 crores. This is a brand-new 28.8 lakh share offering.
The Deepak Chemtex initial public offering (IPO) bidding period ran from November 29, 2023 to December 1, 2023. Finalized on Wednesday, December 6, 2023, was the allotment for the Deepak Chemtex IPO. The shares were listed on December 6, 2023, on BSE SME.
The pricing range for the Deepak Chemtex IPO is ₹76 to ₹80 per share. A minimum lot size of 1600 shares is required for an application. Retail investors are required to invest a minimum of ₹128,000. HNI requires a minimum investment of two lots (3,200 shares), or ₹256,000.
The book running lead manager for the Deepak Chemtex IPO is Hem Securities Limited.
Deepak Chemtex IPO Details
| IPO Date | November 29, 2023 to December 1, 2023 |
| Listing Date | December 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,880,000 shares(aggregating up to ₹23.04 Cr) |
| Fresh Issue | 2,880,000 shares(aggregating up to ₹23.04 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,984,000 |
| Share holding post issue | 10,864,000 |
| Market Maker portion | 147,200 sharesHem Finlease |
Deepak Chemtex IPO Reservation
Deepak Chemtex IPO offers 2,880,000 shares. 547,200 (19.00%) to QIB, 411,200 (14.28%) to NII, 956,800 (33.22%) to RII and 817,600 (28.39%) to Anchor investors.
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | 817,600 (28.39%) |
| Market Maker Shares Offered | 147,200 (5.11%) |
| QIB Shares Offered | 547,200 (19.00%) |
| NII (HNI) Shares Offered | 411,200 (14.28%) |
| Retail Shares Offered | 956,800 (33.22%) |
| Total Shares Offered | 2,880,000 (100%) |
About Deepak Chemtex Limited
Deepak Chemtex Limited was founded in 1997 and is a company that produces colorants for use in the food, pharmaceutical, cosmetic, cleaning, and agricultural industries, among other sectors.
FDC (Food, Drug, and Cosmetic) colors are produced by the company and are used in confections, baked goods, beverages, dairy products, seasonings, pet food, pharmaceuticals, cosmetics, and personal hygiene items. Additionally, it produces pond dyes for use in ponds, lakes, and swimming pools, salt-free dyes for the inkjet industry, and other colorants for use in car wash products, portable sanitation cleaners, detergents and soaps, fuel, oil, and lubricants, smoke, seed treatment, crop protection, fertilizer indicators, and floral dyes, among other products.
The Ratnagiri District of Maharashtra is home to Deepak Chemtex’s manufacturing facility, which has an annual output capacity of about 1200 metric tonnes. It has reactors with glass linings.
Conclusion
In conclusion, the Deepak Chemtex IPO listing brings forth a new chapter in the company’s journey. Investors can anticipate market trends and assess the company’s performance post-listing for strategic decisions. Stay updated with evolving market dynamics and financial insights to make informed investment choices in this dynamic landscape. Keep an eye on market analyses and expert opinions for a comprehensive understanding of the Deepak Chemtex IPO’s implications on the financial realm.