Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Deepak Chemtex IPO is going to open soon. So I will give you complete information about Deepak Chemtex IPO here on IPO India.
On this article I will inform you about Deepak Chemtex IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Deepak Chemtex Pvt. Ltd.
Established 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 confectionery, bakery, confectionery, beverages, dairy products, seasonings, pet food, pharmaceutical products, cosmetics and personal care products. It also manufactures salt-free dyes used in the inkjet industry, pond dyes used in lakes, ponds, swimming pools, etc. and other colorants used in car wash products, portable sanitation cleaners, detergents and soaps, fuel, oils and lubricants, fumes. , seed treatment, crop protection, fertilizer indicators, flower colors, etc.
Deepak Chemtex’s manufacturing unit is located in Ratnagiri district of Maharashtra with a production capacity of over 1200 metric tons per annum. It is equipped with glass-lined reactors, boilers and stainless steel equipment and is regularly audited by its customers in 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 has been prepared in accordance with Islamic law and is free of adulteration and a Kosher certificate which indicates that a particular food item or product has been prepared according to the dietary laws of Judaism.
The company has more than 100 products in its portfolio and exports its products to China, France, Kenya, Mexico, Europe, Japan, Australia, United Kingdom, United States of America etc.
Deepak Chemtex IPO GMP
| Exp. Premium (GMP) | ₹12-15 (15%) per Share |
About Deepak Chemtex IPO
Here is some information about Deepak Chemtex IPO which will help you in making a decision to invest in Deepak Chemtex IPO. It appears to be a book-built offer with a total value of Rs ₹23.04 crore, including 2,880,000 share offer for sale in full.
Summary of the key details
- Issue Size: Rs 23.04 crores.
- Offer for Sale: 2,880,000 shares.
- Subscription Period: November 29, 2023, to December 1, 2023.
- Allotment Date: Expected on Wednesday, December 6, 2023.
- Listing Date: Tentatively scheduled for Monday, December 11, 2023, on BSE SME
Price Range of Deepak Chemtex IPO
- ₹76 to ₹80 per share
Lot Size of Deepak Chemtex IPO
- Minimum Lot: 1600 Shares.
- Minimum Investment for Retail Investors: ₹128,000
Minimum Lot Size Investments for Deepak Chemtex IPO
- HNI: 2 lots (3,200 shares), amounting to ₹256,000.
This information provides potential investors with the details they need to participate in the Deepak Chemtex IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
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Deepak Chemtex IPO
| Open Date | Nov 29, 2023 |
| Close Date | Dec 01, 2023 |
| Allotment Date | Dec 06, 2023 |
| Listing Date | Dec 11, 2023 |
| Face Value | ₹10 Pre Equity Share |
| Issue Price | ₹76-80 Per Equity Share |
| Issue Size | 2,880,000 shares (Aggregating up to ₹23.04 Cr) |
| Market Lot (Min. Amount) | 1600 Shares |
| Listing at Group(s) | BSE SME |
| Lead Manager | Hem Securities Limited |
| Register | Bigshare Services Pvt Ltd |
| Retail Portion | 35% |
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Valuations of Deepak Chemtex IPO
| Earnings Per Share (EPS) | ₹7.9/- |
| P/E Ratio | 10.14 |
| RoNW | N/A% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Company Financials (in Crs)
| Date | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 2,382.32 | 4,783.72 | 631.02 |
| 31-Mar-22 | 1,715.17 | 5,443.68 | 423.10 |
| 31-Mar-21 |
Peers Comparison
| Name of IPOs | Total Share Capital | Equity Share Capital | Share Application Money | Preference Share Capital | Reserves | Revaluation Reserves | Networth (in Crs) | Total Debt | Total Liabilities |
|---|---|---|---|---|---|---|---|---|---|
| Deepak Chemtex | 0.50 | 0.50 | 0.00 | 0.00 | 4.67 | 0.00 | 5.17 | 1.58 | 6.75 |
| Pidilite Ind | 50.83 | 50.83 | 0.00 | 0.00 | 7,057.33 | 0.00 | 7,108.16 | 0.00 | 7,108.16 |
| Godrej Ind | 33.66 | 33.66 | 3.19 | 0.00 | 1,679.54 | 0.00 | 1,716.39 | 6,876.98 | 8,593.37 |
| Galaxy Surfacta | 35.45 | 35.45 | 0.00 | 0.00 | 1,188.50 | 0.00 | 1,223.95 | 183.22 | 1,407.17 |
Promoter(s)
| Pre Issue Share Holding | -% |
| Post Issue Share Holding | -% |
Company Promotor(s):-
- Mr. Saurabh Deepak Arora
- Ms. Trishla Baid
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Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.14 |
| ROE | 50.27% |
| ROCE | 49.65% |
| EPS (Rs) | 7.9 |
Issue Objective(s)
- Funding capital expenditure towards the installation of plant & machinery in our existing permises.
- Investment in its subsidiary DCPL Specialty Chemicals Private Limited for Financing its capital Expenditure towards the installations of the plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Deepak Chemtex IPO Registrar
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Deepak Chemtex IPO Review
Deepak Chemtex is a manufacturer of dyes and dye intermediates. It is proposing an initial public offer (IPO) of up to ₹23.04 crore. The company’s strengths include its strong market position, experienced management team and diversified product portfolio. However, the company’s major risks include its dependence on a few customers, fluctuations in raw material prices and its competition from larger players. Overall, Deepak Chemtex is a promising company with a strong track record. However, investors should carefully consider the company’s risks before investing.
Here is a more detailed review of Deepak Chemtex’s IPO:
Strength
- Strong market position: Deepak Chemtex is a leading manufacturer of dyes and dye intermediates in India. It has a strong position in the domestic market and also exports to more than 30 countries.
- Experienced Management Team: The company’s management team has a proven track record in the dyes and dye intermediates industry.
- Diversified Product Portfolio: Deepak Chemtex manufactures a wide range of dyes and dye intermediates, catering to various industries. This diversification helps reduce the risk of fluctuations in demand for any one product.
Risks
- Dependence on Few Customers: Deepak Chemtex is dependent on a few large customers for a significant portion of its revenue. This makes the company vulnerable to changes in the demand of these customers.
- Exposure to fluctuations in raw material prices: Fluctuations in the prices of raw materials like naphtha and benzene significantly affect the company’s costs.
- Competition from Big Players: Deepak Chemtex faces competition from big players in the dyes and dye intermediates industry. These larger players may have more resources and economies of scale, which may put pressure on Deepak Chemtex’s margins.
Overall
Deepak Chemtex is a promising company with a strong track record. However, investors should carefully consider the company’s risks before investing. A company’s dependence on a few customers, fluctuations in raw material prices and its competition with larger players can affect its profitability and share price.
Conclusion
In conclusion, the Deepak Chemtex IPO presents an intriguing investment opportunity for those keen on the chemical manufacturing sector. The company’s strong market position, diversified product portfolio, and experienced management team are commendable strengths that may attract investors. However, it’s crucial to acknowledge the potential risks, including dependency on a few customers, exposure to raw material price fluctuations, and competition from larger players.
As with any investment decision, thorough research and consideration of one’s risk tolerance are imperative. Investors should carefully assess their financial goals and consult with financial professionals before participating in the Deepak Chemtex IPO or any other investment opportunity.
We hope this detailed overview has provided valuable insights to assist you in making an informed decision. Remember to stay updated with the latest information from reliable sources and, most importantly, invest wisely. Best of luck on your investment journey!
Deepak Chemtex IPO FAQs
What is Deepak Chemtex IPO?
Deepak Chemtex IPO is an SME IPO of 2,880,000 equity shares of face value of ₹10 each for up to ₹23.04 crore. The issue price is ₹76 to ₹80 per share. Minimum order quantity is 1600 shares.
The IPO opens on November 29, 2023 and closes on December 1, 2023.
Bigshare Services Pvt Ltd is the Registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Deepak Chemtex IPO will open?
The Deepak Chemtex IPO opens on November 29, 2023 and closes on December 1, 2023.
What is the lot size of Deepak Chemtex IPO?
Deepak Chemtex IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.