Deepak Chemtex was incorporated on June 10, 1997. The company is primarily engaged in the business of manufacturing colorants, which find their application in food, drugs, cosmetics, cleaning compounds, agriculture, and other industries. Colorants are formulations of chemical intermediates, pigments, or dyes, and additives used to add color to various consumables.
| Bidding Dates |
|---|
| 29 Nov 2023 - 01 Dec 2023 |
| Subscription |
|---|
| 374.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,600 | 1 | 1 | 1600 | 2.9 M | ₹76 - ₹80 | 73.49 % | ₹218.9 M - ₹230.4 M | RHP DOC |
Deepak Chemtex IPO SUBSCRIPTION STATUS
01 Dec '23Deepak Chemtex IPO overall subscription rate was 374.34 times the total available shares
Deepak Chemtex IPO retail subscription rate was 475.36 times in the retail segment
Deepak Chemtex IPO non-institutional investor subscription rate was 473.21 times in the non-institutional investor category
Deepak Chemtex IPO Qualified Institutional Bidder subscription rate was 96.8 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Dec 2023 (Day 3) | 475.36x | 473.21x | 96.8x |
30 Nov 2023 (Day 2) | 126.77x | 78.34x | 10.95x |
29 Nov 2023 (Day 1) | 26.53x | 9.94x | 3.84x |
Deepak Chemtex 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) | Margins |
| H1FY24 | 31.1 | 217.4 | 29.2 | 13.8 | 18.9% |
| FY23 | 63.1 | 467.0 | 34.4 | 12.9 | 17.1% |
| FY22 | 42.3 | 541.1 | 8.2 | -0.5 | 11.0% |
| FY21 | 26.3 | 295.6 | 7.7 | 1.2 | 13.9% |
Deepak Chemtex IPO SUBSCRIPTION STATUS DETAILS
Deepak Chemtex had 2.9 M shares on offer
Deepak Chemtex IPO offer price was in the range ₹76 - ₹80
Deepak Chemtex IPO minimum Investment was ₹121600
Deepak Chemtex IPO issue size was ₹ 218.9 M - ₹ 230.4 M
Deepak Chemtex had a minimum lot size of 1600 Shares per application
Deepak Chemtex NUMBER OF SHARES ON OFFER
Deepak Chemtex IPO IMPORTANT DATES
| Issue Open Date | 29 Nov 2023 |
| Issue close Date | 01 Dec 2023 |
| Allotment Date | 04 Dec 2023 |
| Refund Date | 05 Dec 2023 |
| Demat Account Credit Date | 05 Dec 2023 |
| Listing Date | 06 Dec 2023 |
| Listing on Exchange(s) | BSE |
| Deepak Chemtex Allotment Status | Exchange |
Deepak Chemtex IPO subscription opened on 29 Nov 2023, and closed on 01 Dec 2023
IPO allotment for Deepak Chemtex was finalized on Monday, 04 Dec 2023
IPO listing for Deepak Chemtex was on BSE on Wednesday, 06 Dec 2023
Deepak Chemtex IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 152.0 |
| Listing Close Price | 159.6 |
| Listing Gain% | 90.0% |
| Current Gain% | 8.5% |
Deepak Chemtex 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deepak Chemtex Ltd. | 86.8 | 94.3 | 11.1 | -0.4 | 1.3 | 13.4 | 11.4 | 70.6 | -13.8 | 8.5 | -31.5 | 7.8 | -31.5 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Deepak Chemtex INFORMATION ON IPO ISSUE
About Deepak Chemtex
Deepak Chemtex was incorporated on June 10, 1997. The company is primarily engaged in the business of manufacturing colorants, which find their application in food, drugs, cosmetics, cleaning compounds, agriculture, and other industries. Colorants are formulations of chemical intermediates, pigments, or dyes, and additives used to add color to various consumables.
Object of the Issue
- Funding capital expenditure for the installation of plant and machinery in the existing premises.
- Investment in the subsidiary, DCPL Speciality Chemicals, for financing its capital expenditure towards the installation of plant and machinery.
- Funding to meet working capital requirements.
- General corporate purposes.
Deepak Chemtex - PROMOTERS
| Name |
|---|
| Saurabh Deepak Arora |
| Trishla Baid |
Deepak Chemtex Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Deepak Chemtex Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Deepak Chemtex Strengths
Wide range of products
The company offers a palette of hues for food, cosmetics, pharmaceuticals, agricultural, household, and industrial applications. Consequently, colors are developed in both water-soluble and insoluble forms, with safety, availability, precision, and adaptability in mind
Diversified customers
The company has developed long-term relationships with various corporations, which have helped it expand its product offerings, processes, and geographic reach
Stable and consistent financial performance
The company has demonstrated stable financial performance over the years, exhibiting growth in terms of profitability
Deepak Chemtex Risks
Inventories and trade receivables
Inventories and trade receivables constitute a major part of the company's current assets. Ineffective management of these components could adversely affect sales, profitability, cash flow, and liquidity
Faces competition
The company faces competition from both domestic and multinational corporations. Its inability to compete effectively may result in a material adverse impact on the business, financial condition, and results of operations
Certain legal proceedings
The company and its promoters are involved in certain legal proceedings and potential litigations. Any adverse decision in such cases may render them liable for liabilities, penalties, or prosecutions, which may adversely affect the business
IPO FAQs
The promoters of the company are Saurabh Deepak Arora and Trishla Baid.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 80.0.
The IPO application opens on Nov 29, 2023 and closes on Dec 01, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 121,600.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Dec 04, 2023.
The refund will be credited to your account on Dec 05, 2023.
The allotted shares will be credited to your demat on Dec 05, 2023.
Deepak Chemtex Ltd.’s shares listed on the stock exchanges on Dec 06, 2023.