About Deepak Chemtex Limited
Deepak Chemtex Limited is launching its IPO. The offer opens for subscription on November 29, 2023, and will close on December 1, 2023
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing.
What does Deepak Chemtex Limited do?
Incorporated in 1997, the company specializes in the colorant manufacturing sector, focusing primarily on producing FDC (Food, Drug, and Cosmetic) colors. These colors are used across various industries, including confectionery, bakery, beverages, dairy, seasonings, pet foods, pharmaceuticals, cosmetics, and personal care. Additionally, the company is involved in manufacturing salt-free dyes for the inkjet industry and a range of other colorants for applications in car wash products, crop protection, and more.
The company’s manufacturing facility is located in Ratnagiri District, Maharashtra, with a production capacity of over 1200 metric tonnes per annum. This facility is equipped with glass-lined reactors and stainless steel equipment. It adheres to international quality standards, as indicated by its ISO 9001:2015 certification, and regular audits by clients from the USA and EU.
The company has a global presence and exports to countries like China, France, Kenya, Mexico, various European nations, Japan, Australia, the United Kingdom, and the United States of America.
Schedule/Timeline of Deepak Chemtex Limited IPO
| Issue Period | 29th November to 1st December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 6, 2023 |
| Initiation of Refunds | December 7, 2023 |
| Credit of Shares | December 8, 2023 |
| Date of Listing | December 11, 2023 |
| Mandate end date | December 16, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 2, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 7, 2024 |
How to apply to the Deepak Chemtex Limited IPO?
You can apply for the Deepak Chemtex Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Deepak Chemtex Limited IPO?
You can check the allotment status for the Deepak Chemtex Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.