Deepak Chemtex Limited

Company Profile
Company Name Deepak Chemtex Limited
Open Date 29-11-2023
Close Date 01-12-2023
Exchange BSE SME
Lot Size 1,600 Shares
Issue Price ₹ 76 to ₹ 80 per share
Issue Size 28,80,000 shares
Application Amount ₹ 1,28,000
Recommendation Apply
Deepak Chemtex Limited was originally Incorporated in the year 1997 and has its registered office in Maharashtra, India. The company 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. As of July 31, 2023, the company had 88 full time employees on its payroll.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 1,107.24 1,715.16 2,382.32 2,820.64
Net Assets 516.51 938.43 1,568.88 1,879.90
Total Borrowings 158.12 199.49 136.80 120.78
Total Revenue 2,972.75 5,443.68 4,783.72 2,212.94
Profit After Tax 263.48 423.09 631.01 311.18

Tentative Timeline

Opening Date 29-11-2023
Closing Date 01-12-2023
Basis of Allotment 06-12-2023
Initiation of Refunds 07-12-2023
Credit of Shares to Demat 08-12-2023
Listing Date 11-12-2023

Objects of the Issue

Funding capital expenditure towards the installation of plant & machinery in the existing premises.
Investment in 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 Purposes.

Contact Information

Registered Office Deepak Chemtex Limited- Aawashi, 28/1A, A/P Adgul Aawashi, Lote, Ratnagiri - 415722
Phone +91 88706 82632

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.40%
Share Holding Post Issue (Promoters) 73.05%

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