Dipna Pharmachem was incorporated on July 19, 2011, as “Dipan Pharmachem Private Limited”. The company is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient, and chemical formulation products.
| Bidding Dates |
|---|
| 25 Aug 2022 - 30 Aug 2022 |
| Subscription |
|---|
| 2.77x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 3000 | 4.0 M | ₹38 | 66.57 % | ₹152.1 M | RHP DOC |
Dipna Pharmachem IPO SUBSCRIPTION STATUS
30 Aug '22Dipna Pharmachem IPO overall subscription rate was 2.77 times the total available shares
Dipna Pharmachem IPO retail subscription rate was 4.75 times in the retail segment
Dipna Pharmachem IPO non-institutional investor subscription rate was 0.78 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Aug 2022 (Day 4) | 4.75x | 0.78x | - |
29 Aug 2022 (Day 3) | 2.27x | 0.3x | - |
26 Aug 2022 (Day 2) | 1.09x | 0.06x | - |
25 Aug 2022 (Day 1) | 0.29x | 0.02x | - |
Dipna Pharmachem FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 11.7 | 727.6 | 28.7 | 28.6 |
| FY21 | 0.2 | 310.0 | -24.3 | -24.4 |
| FY20 | 0.6 | 305.4 | -31.2 | -31.2 |
Dipna Pharmachem IPO SUBSCRIPTION STATUS DETAILS
Dipna Pharmachem had 4.0 M shares on offer
Dipna Pharmachem IPO offer price was ₹38
Dipna Pharmachem IPO minimum Investment was ₹114000
Dipna Pharmachem IPO issue size was ₹ 152.1 M
Dipna Pharmachem had a minimum lot size of 3000 Shares per application
Dipna Pharmachem NUMBER OF SHARES ON OFFER
Dipna Pharmachem IPO IMPORTANT DATES
| Issue Open Date | 25 Aug 2022 |
| Issue close Date | 30 Aug 2022 |
| Allotment Date | 02 Sep 2022 |
| Refund Date | 03 Sep 2022 |
| Demat Account Credit Date | 05 Sep 2022 |
| Listing Date | 08 Sep 2022 |
| Listing on Exchange(s) | BSE |
| Dipna Pharmachem Allotment Status | Exchange |
Dipna Pharmachem IPO subscription opened on 25 Aug 2022, and closed on 30 Aug 2022
IPO allotment for Dipna Pharmachem was finalized on Friday, 02 Sep 2022
IPO listing for Dipna Pharmachem was on BSE on Thursday, 08 Sep 2022
Dipna Pharmachem IPO LISTING GAINS
| Issue Price (adjusted) | 38.0 |
| Listing Open Price | 32.0 |
| Listing Close Price | 33.4 |
| Listing Gain% | -15.8% |
| Current Gain% | -87.1% |
Dipna Pharmachem Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dipna Pharmachem Ltd. | 4.9 | 5.9 | 4.9 | 0.2 | 0 | 4.2 | 1.3 | 129.1 | 3.3 | 2.6 | 170.2 | 1 | 23 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Dipna Pharmachem INFORMATION ON IPO ISSUE
About Dipna Pharmachem
Dipna Pharmachem was incorporated on July 19, 2011, as “Dipan Pharmachem Private Limited”. The company is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient, and chemical formulation products.
Object of the Issue
- Working capital requirement
- General corporate purposes
Dipna Pharmachem - PROMOTERS
| Name |
|---|
| Keyur Dipakkumar Shah |
Dipna Pharmachem Lead Manager of the Issue
Interactive Financial Services Limited
mbd@ifinservices.com
Dipna Pharmachem Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Dipna Pharmachem Strengths
Diversified product portfolio
The company has a diverse product portfolio across various segments to fulfill customers' requirements
Experienced Promoter
The Promoter of the company, Keyur Shah has significant in-depth knowledge of the various products traded by the company and has been instrumental in the consistent growth of the company's performance
High level of customer satisfaction
The company's customers are highly satisfied with their services. Right from purchase orders, quality, delivery, and addressing customer complaints.
Dipna Pharmachem Risks
Non-compliance
The company has not complied with the provisions of section 129 of the Companies Act 2013 while preparing the financial statements for the FY21 and FY20
No long term agreements
The company does not have any long-term supply agreements with vendors and supplier
IPO FAQs
The promoter of the company is Keyur Dipakkumar Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 38.0 - 38.0.
The IPO application opens on Aug 25, 2022 and closes on Aug 30, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 114,000.0.
This IPO will be allotted on Sep 02, 2022.
The refund will be credited to your account on Sep 03, 2022.
The allotted shares will be credited to your demat on Sep 05, 2022.
Dipna Pharmachem Ltd.’s shares listed on the stock exchanges on Sep 08, 2022.