IPO : Deepak Chemtex Limited
|Book Built Issue IPO
|ISSUE OPENS ON
|Wednesday, November 29, 2023
|ISSUE CLOSES ON
|Friday, December 1, 2023
|₹76 to ₹80 per share
|Up to Rs.23.04 Crores
|Rs.10 per share
Deepak Chemtex IPO is a book built issue of Rs 23.04 crores. The issue is entirely a fresh issue of 28.8 lakh shares.
Deepak Chemtex IPO is open for subscription on November 29, 2023 and close today December 1, 2023. The allotment for the Deepak Chemtex IPO is expected to be finalized on Wednesday, December 6, 2023. Deepak Chemtex IPO will list on BSE SME with tentative listing date fixed as Monday, December 11, 2023.
|Monday, December 11, 2023
Deepak Chemtex IPO price band is set at ₹76 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Objects of the Issue (Deepak Chemtex IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding capital expenditure towards the installation of plant & machinery in our existing premises.
- Investment in its 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 Purpose.
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