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 confectionary, bakery, desserts, beverages, dairy products, seasonings, pet foods, pharmaceutical products, cosmetics & personal care products. It also manufactures salt-free dyes used in the inkjet industry, pond dyes used in ponds, lakes, swimming pools, etc, and other colorants used in car wash products, portable sanitation cleaners, detergent & soap, fuel, oil & lubricants, smoke, seed treatment, crop protection, fertilizer indicators, floral dyes, etc.
Deepak Chemtex’s manufacturing unit is located in Ratnagiri District in Maharashtra with a production capacity of over 1200 metric tonnes per annum. It is equipped with glass-lined reactors, boilers, and stainless steel equipment and gets audited regularly by its clients from 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 is prepared per Islamic law and is unadulterated and a KOSHER certificate that a particular food item or product has been prepared per the Dietary Laws of Judaism.
The company has over 100 products in its portfolio and exports its products to countries like China, France, Kenya, Mexico, Europe, Japan, Australia, the United Kingdom, the United States Of America, etc.
Deepak Chemtex IPO – Details
| IPO Opening Date | 29 November 2023 |
| IPO Closing Date | 01 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 28,80,000 Shares Worth ₹23.04 Crore Fresh Issue: 28,80,000 Shares Worth ₹23.04 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 – ₹80 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Deepak Chemtex IPO – Date Schedule
| IPO Open Date | 29 November 2023 |
| IPO Close Date | 01 December 2023 |
| Basis of Allotment | 06 December 2023 |
| Initiation of Refund | 07 December 2023 |
| Credit of Shares to Demat Account | 08 December 2023 |
| IPO Listing Date | 11 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 01, 2023 |
Deepak Chemtex IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,28,000 |
| Retail (Maximum) | 1 | 1600 | 1,28,000 |
| HNI (Minimum) | 2 | 3200 | 2,56,000 |
Competitive 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.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Company Promoters
- Saurabh Deepak Arora
- Trishla Baid
Object Of The Issue
- Funding capital expenditure towards the installation of plant & machinery in our existing premises.
- Investment in its subsidiary DCPL Speciality Chemicals Private Limited for financing its capital expenditure towards the installation of plant and machinery.
- Funding to meet working capital requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 29.73 | 26.06 | 2.63 | 1.58 |
| 31 March 2022 | 54.43 | 48.80 | 4.23 | 1.99 |
| 31 March 2023 | 47.83 | 39.40 | 6.31 | 1.36 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 10.14 |
| ROE | 50.27% |
| ROCE | 49.65% |
| EPS (Rs) | 7.9 |
Deepak Chemtex IPO Promoter Holding
| Pre Issue Share Holding | 99.40% |
| Post Issue Share Holding | – |
Deepak Chemtex IPO Prospectus
- Deepak Chemtex IPO DRHP
- Deepak Chemtex IPO RHP
Company Contact Information
| Deepak Chemtex Limited Aawashi, 28/1A, A/P Adgul Aawashi, Lote, Ratnagiri – 415722 Phone: +91 88706 82632 Email: info@deepakchemtex.in Website: https://www.deepakchemtex.in/index |
Deepak Chemtex IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Deepak Chemtex IPO Lead Manager(s)
| 1. Hem Securities Limited |
Deepak Chemtex IPO FAQs
| What is Deepak Chemtex IPO? Deepak Chemtex IPO is a SME IPO. The issue is priced at ₹76 – ₹80 per equity share. The IPO is to be listed on BSE SME. |
| When Deepak Chemtex IPO will open? The IPO is to open on 29 November 2023 for QIB – 35%, NII – 15% and Retail – 35% Investors. |
| How to Deepak Chemtex IPO? You can apply Deepak Chemtex IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Deepak Chemtex IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Chemtex”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Deepak Chemtex IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Chemtex”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Deepak Chemtex IPO Size? Deepak Chemtex IPO size is ₹23.04 crores. |
| What is Deepak Chemtex IPO Price Band? Deepak Chemtex IPO Price Band is ₹76 – ₹80. |
| What is Deepak Chemtex IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,28,000 amount while the maximum bid is 1600 shares with ₹1,28,000. |
| What is the Deepak Chemtex IPO Allotment Date? Deepak Chemtex IPO allotment date is 06 December 2023. |
| What is the Deepak Chemtex IPO Listing Date? Deepak Chemtex IPO listing date is 11 December 2023. The IPO is to list on BSE SME. |
