Deepak Chemtex IPO: The SME IPO of Deepak Chemtex opened for subscription on November 29, with a price band of Rs 76–Rs 80 per share. The IPO will conclude for subscription on December 1. Deepak Chemtex IPO is a book-built issue of Rs 23.04 crore and is entirely a fresh issue of 28.8 lakh shares.

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Here are some important things to know about the Deepak Chemtex IPO.

Important dates

The basis of the allotment of shares under the IPO of Deepak Chemtex is set to be finalised on December 6. The stock is likely to be listed on December 11 and will be traded on BSE SME.

Deepak Chemtex IPO: Book-running lead managers

Hem Securities is the bookrunner and lead manager of the Deepak Chemtex IPO, while Bigshare Services is the registrar for the issue.

Deepak Chemtex IPO: Lot size

The minimum lot size for an application is 1,600 shares.

Deepak Chemtex IPO: Fund Utilisation

The company intends to utilise the net proceeds from the issue towards the following:

  • Investment in the installation of plant and machinery on the existing premises;
  • Investment in its subsidiary, DCPL Speciality Chemicals Private; and
  • Meet working capital requirements and general corporate purposes

What does Deepak Chemtex do?

Incorporated in 1997, Deepak Chemtex is engaged in the business of manufacturing colorants for applications in food, drugs, cosmetics, cleaning compounds, agriculture, and other industries.

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