Home » Deepak Chemtex IPO Hits D-Street: Here’s What You Need to Know

Deepak Chemtex IPO Hits D-Street: Here’s What You Need to Know

by admin

The Deepak Chemtex IPO has hit D-Street, with the issue opening for subscription on November 29 and closing on December 1. The IPO is entirely a fresh issue of 28.8 lakh shares, with a price band of Rs 76-Rs 80 per share. The minimum lot size for an application is 1600 shares, and the minimum amount of investment required by retail investors is Rs 128,000. The allotment for the Deepak Chemtex IPO is expected to be finalized on December 6, and the IPO is likely to list on BSE SME on December 11.

Here are the key details of the Deepak Chemtex IPO:

      • Issue Size: Rs 23.04 crore

      • Fresh Issue: 28.8 lakh shares

      • Price Band: Rs 76-Rs 80 per share

      • Minimum Lot Size: 1600 shares

      • Minimum Investment: Rs 128,000

      • Issue Opening Date: November 29

      • Issue Closing Date: December 1

      • Allotment Date: December 6

      • Listing Date: December 11

    Deepak Chemtex is a leading manufacturer of specialty chemicals used in the textile, pharmaceutical, and agrochemical industries. The company has a strong track record of profitability and growth, and its IPO is likely to be well-received by investors.

    Here are some of the key strengths of Deepak Chemtex:

        • Strong track record of profitability and growth

        • Experienced management team

        • Diversified product portfolio
        • Strong market position

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