Deepak Chemtex IPO, which opened for subscription on Wednesday, November 29, 2023, closes on December 1, 2023. It is a book-built number of ₹23.04 crore and it is a completely fresh issue of 28.8 lakh shares.
On the second day before 18:00, Deepak Chemtex IPO was subscribed 89.23 times. The public number subscribed 126.77 times in the retail category, 10.95 times in QIB, and 106.03 times in the NII category by November 30, 2023. according to data from Chittorgarh.com.
The Gray market Premium or GMP for the Deepak Chemtex IPO has increased from ₹28 the 28 of November to ₹32 on 29 November, which means shares are trading at their premium of ₹32 in the gray market, according to investorgain.com
Deepak Chemtex IPO is likely to see SME listing on the stock exchanges with a tentative listing expected as on Monday, December 11 2023.
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Deepak Chemtex, established in 1997, has its manufacturing facilities located in Lote Parshuram industrial Area, Lote in Ratnagiri District which is halfway from Mumbai to Goa.
Deepak Chemtex is mainly engaged in the business of manufacturing dyestuffs finding its application in Foods, Medicines, Cosmetics, Cleaning compounds, Agriculture and other industries.
Deepak Chemtex IPO -10 Things to Know
Deepak Chemtex IPO Date – Deepak Chemtex IPO opens for subscription on November 29, 2023 and closes on December 1, 2023.
Deepak Chemtex IPO Price Band– Deepak Chemtex price band is fixed at ₹76 to ₹80 per share.
Deepak Chemtex Lot size for application– The minimum lot size per application is 1600 Shares. The minimum amount of investment required from retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Deepak Chemtex IPO details -Deepak Chemtex is a book built number of ₹23.04 crore and it is a completely fresh issue of 28.8 lakh shares.
Deepak Chemtex IPO anchor investor date– Still Portion Issue Opens/Closes on Tuesday, November 28, 2023.
Deepak Chemtex IPO objectivee- Deepak Chemtex intends to use the net proceeds of the IPO to finance capital expenditure pertaining to the installation of plant & machinery in its existing premises. Some part of the income can also be used Investment in its subsidiary DCPL Specialty Chemicals Private Limited for financing its capital expenditure towards the installation of plant and machinery. Funding can also be used to meet working capital requirements and for General Corporate Purpose.
Deepak Chemtex IPO promoters– Mr. Saurabh Deepak Arora and Ms. Trishla Baid are the promoters of the company.
Deepak Chemtex IPO Senior Leader and Registrars– Hem Securities Limited is the book-running lead manager of the Deepak Chemtex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The marketer for Deepak Chemtex IPO is Hem Finlease.
Deepak Chemtex IPO Booking– Not more than 50.00% of the Net bid in the Deepak Chemtex IPO is reserved for Qualified Institutional Buyers (QIB), not less than 15% for Non-Institutional Investors (NII), and not less than 35% of the bid is reserved for Retail Investors.
Deepak Chemtex IPO GMP– Deepak Chemtex IPO GMP today or gray market premium is +32 which means stock is trading at its premium of ₹32 in the gray market, according to investorgain.com
Considering the upper end of the IPO price band and the current premium in the gray market, the estimated listing price of Deepak Chemtex’s share price has been indicated at ₹112 a piece, which is 40% higher than the IPO price of ₹80.
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
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Updated: 30 Nov 2023, 18:11 IST
(tagsTo Translate)Deepak Chemtex