Deepak Chemtex Limited IPO

Price
₹76 - ₹80
Lot
16000
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
22.40(28.00%)
IPO Details

Open Date: 29-Nov-2023
Close Date: 01-Dec-2023
Allotment Date: 06-Dec-2023
Listing Date: 11-Dec-2023
Listing Price: ₹117.7/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹76-80 Per Equity Share
Issue Size: Total Issue Size 2,880,000 shares (aggregating up to ₹23.04 Cr) : Fresh Issue 2,880,000 shares (aggregating up to ₹23.04 Cr)
Market Lot (Min Amount): Retail - ₹128,000 : HNI - ₹256,000
Valuations

Earning Per Share(EPS)₹7.9/-
P/E Ratio10.14
RoNW40.17%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
30 Sep,20232,820.642,212.95311.18
31 Mar,20222,382.324,783.72631.02
31 Mar,20221,715.175,443.68423.10
Promoter(s)

Pre Issue Share Holding99.40%
Post Issue Share Holding73.05%
Company Promoter(s)
1. Ms. Saurabh Deepak Arora
2. Ms. Trishla Baid
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding capital expenditure towards the installation of plant & machinery in our existing premises.
  2. Investment in its subsidiary DCPL Speciality Chemicals Private Limited for financing its capital expenditure towards the installation of plant and machinery.
  3. Funding to meet working capital requirements.
  4. General Corporate Purpose.
About Company

Incorporated 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 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.

Disclaimer

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