Mumbai (Maharashtra) [India], November 27: Deepak Chemtex Restricted was based in 1997 and is an organization that produces colorants utilized in meals, prescribed drugs, and cosmetics, amongst different sectors. The corporate is contemplating issuing a contemporary 28.8 lakh shares in an SME preliminary public providing (IPO) to lift Rs 23.04 Cr.
For the book-built subject, Deepak Chemtex preliminary public providing (IPO) will open for subscription on November 29, 2023, and finish on December 1, 2023. On Wednesday, December 6, 2023, the share allotment is anticipated to be accomplished. The proposed itemizing date for the Deepak Chemtex IPO is Monday, December 11, 2023, and it’ll happen on the BSE SME platform.
The minimal lot measurement for the difficulty is 1600 shares, and Deepak Chemtex has set its IPO value band at Rs 76 to Rs 80 per share. Subsequently, for a single bid lot, particular person traders should deposit a minimal of Rs 128,000.
In response to Deepak Chemtex IPO DRHP, 50% of the online subject has been reserved for certified institutional consumers (QIB), 35% for retail traders and 15% for the NII class. As per the DRHP of the SME IPO, 1,364,800 shares have been allotted for the QIB class, 411,200 shares for NII, 956,800 shares for RII, and 147,200 fairness shares for the market makers (MM) class.
Bigshare Providers Pvt Ltd is the registrar for the Deepak Chemtex IPO, whereas Hem Securities Restricted is the book-running lead supervisor. The IPO’s web proceeds will likely be utilised for basic company functions, funding within the firm’s subsidiary DCPL Speciality Chemical compounds Non-public Restricted, funding for working capital necessities, and capital expenditures, as per the DRHP.
Deepak Chemtex Non-public Ltd reported a income from operations of Rs 46.70 Cr and an EBITDA of Rs 7.99 Cr with a margin of 17.11% in FY23. The corporate posted a web revenue of Rs 6.31 Cr and PAT margin stood at 13.51% in FY23. In 2023 Deepak Chemtex Non-public integrated an entirely owned subsidiary firm in New Jersey, USA named “South West Chemical compounds Company”.
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