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Deep Polymers Limited IPO (Deep Polymers Limited) Detail

August 8, 2018 - August 13, 2018

Deep Polymers Limited is a fixed price issue of Rs 15.24 crores.

Deep Polymers Limited bidding started from August 8, 2018 and ended on August 13, 2018. The shares got listed on BSE SME on August 23, 2018.

Deep Polymers Limited price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Gretex Corporate Services Limited is the book running lead manager of the Deep Polymers Limited, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Deep Polymers Limited RHP for detailed information.

Deep Polymers Limited Details

IPO Date August 8, 2018 to August 13, 2018
Listing Date August 23, 2018
Face Value ₹10 per share
Price ₹40 per share
Lot Size 3000 Shares
Total Issue Size3,810,000 shares
(aggregating up to ₹15.24 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue10,511,600
Share holding post issue11,871,600
Market Maker portion192,000 shares

Deep Polymers Limited Reservation

Deep Polymers Limited offers 3,810,000 shares. 1,809,000 (47.48%) to NII, 1,809,000 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered192,000 (5.04%)
Other Shares Offered1,809,000 (47.48%)
Retail Shares Offered1,809,000 (47.48%)
Total Shares Offered3,810,000 (100%)

Deep Polymers Limited Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000
Lot Size Calculator

About Deep Polymers Limited

Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.

The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.

Deep Polymer's total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The
The company's restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,904.30 3,009.04 2,539.78 2,637.90 2,321.31
Total Revenue 4,110.09 4,274.43 3,600.85 4,113.89 3,473.07
Profit After Tax 214.73 128.02 (35.41) 67.05 (36.06)

Objects of the Issue (Deep Polymers Limited Objectives)

The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-
1. Working capital requirement;
2. Issue Expenses; and
3. General corporate purpose

Deep Polymers Limited Review (May apply)

[Dilip Davda]  

Issue is fully priced. Company’s top line is almost stagnant for last four fiscals. Merchant banker has poor track record. Cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...


Deep Polymers Limited Subscription Status (Bidding Detail)

The Deep Polymers Limited is subscribed 1.39 times on August 13, 2018 6:30:02 PM. The public issue subscribed 0.48 times in the retail category, times in the QIB category, and 2.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.30
Retail0.48
Total1.39

Deep Polymers Limited Prospectus

Deep Polymers Limited Rating

57
2.9
Rating:Rated 2.9 stars
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Deep Polymers Limited Listing Details

Listing Date August 23, 2018
BSE Script Code 541778
NSE Symbol
ISIN INE00IY01012
Final Issue Price ₹40 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹40.00
₹41.90
₹40.80
₹42.00
₹40.90

Check IPO Performance…

Deep Polymers Limited Contact Details

Deep Polymers Limited
Block No. 727B/H, Bhavi Industries
Rakanpur (Santej), Tal Kalol,
D Gandhinagar- 380 060
Phone: +91-2764-286032
Email: info@deeppolymer.in
Website: http://www.deeppolymer.in/

Deep Polymers Limited Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Deep Polymers Limited - Buy or Not

Deep Polymers Limited Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Deep Polymers Limited FAQs

Deep Polymers Limited is a SME IPO of 3,810,000 equity shares of the face value of ₹10 aggregating up to ₹15.24 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.

The IPO opens on August 8, 2018, and closes on August 13, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Deep Polymers Limited opens on August 8, 2018 and closes on August 13, 2018.

Deep Polymers Limited lot size is 3000 Shares, and the minimum amount required is ₹120,000.

You can apply in Deep Polymers Limited online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Deep Polymers Limited will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Deep Polymers Limited allotment status.

The Deep Polymers Limited listing date is on August 23, 2018.
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Deep Polymers Limited Message Board

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25 Comments

17. Kabhikabhi |   Link |  Bookmark |August 28, 2018 1:12:34 PM
trying to sell this at hdfc securities.but i get this message "Total Hold Qty 3000 cannot exceed Max permissible hold of 0" anyone here who can help me please?

I got 3000 shares on allotment.
16. VIE |   Link |  Bookmark |August 23, 2018 10:19:52 AM (500+ Posts, 500+ Likes)
IEP ON BSE SME IS 41.95
I.e 1.95 above issue price of 40
15. VIE |   Link |  Bookmark |August 23, 2018 8:44:33 AM (500+ Posts, 500+ Likes)
Deep Polymers will list today.
Best of luck to all allottees.
Happy investing ???? ????
14. VIE |   Link |  Bookmark |August 22, 2018 2:44:50 PM (500+ Posts, 500+ Likes)
admin
please update the allotment section as allotment is out
13. VIE |   Link |  Bookmark |August 22, 2018 2:19:32 PM (500+ Posts, 500+ Likes)
allotment is out for deep polymers .link is available here.firm allotment to all brave retailers.happy investing.
www.bigshareonline.com/BSSIPOApplicationStatus.aspx
13.1. Small Investor |   Link |  Bookmark |August 22, 2018 2:36:37 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
Retailers m sabko milega Allotment
12. IPOANALYSIS |   Link |  Bookmark |August 10, 2018 2:01:38 PM
All corporate section bids to be rejected and withdrawn post closing. All retailer who applied will loose money .Motive is just to get as many Bakre retailers who can subscribe
12.1. khushbir singh |   Link |  Bookmark |August 13, 2018 5:07:02 PM
Well said, appreciate you.
11. IPOANALYSIS |   Link |  Bookmark |August 10, 2018 7:09:37 PM
A very poor track record of lead manager gretex

1)Kids medical issued at 30 rs hitting continuous lower circuit and is now at 14 rs.
2)Deabpock recently issued at 20 rs is now at 14 rs.
3)diggi multoirade at 13 rs is at 8 rs

These were small issues which have now halved the issue price

Just imagin what will be fate of this large issue of this lead manager.
10. IPOANALYSIS |   Link |  Bookmark |August 10, 2018 6:18:59 PM
everyone who will apply will get full allotment whether in hni and retail category as the bids for corporate section are fake ones and ought to have technical rejection

9. Abhishek Shahi |   Link |  Bookmark |August 10, 2018 5:02:45 PM
As of now, issue subscribed.
8. IPOANALYSIS |   Link |  Bookmark |August 8, 2018 6:52:31 PM
I have been told by insider news that this is doing fake subscription as corporate section who applied will provide incorrect details which will be automatically cancelled.
They know few retgailer will get trapped easily by checking the subscription

Out of total subsciption just minus the corporate subscription which is its actual subscription detail.

a new good strategy applied by lead manager to trap innocent retailer.

this is a company which cannot pay TDS for multiple years .
so what can you epect from usch company

stay away and instead by quality names like shree oswal seeds, ganga forging and ushanti chemical from secondary market.
8.1. khushbir singh |   Link |  Bookmark |August 9, 2018 11:20:36 AM
Agreed with you.
7. IPOANALYSIS |   Link |  Bookmark |August 8, 2018 7:09:04 PM

Read below in prospectus. This company has lot of ligitation where in they have not paid income tax and TDS

Also, on multiple occasion they have provide incorrect details which is supppose to indulge in penalties
A clear case of this sme shuld have been cancelled where in bad management is using offer for sale to exit their promoter


Our Company, Promoters and Group Entities have currently pending Income Tax Proceedings, Outstanding
Demands and defaults in payment of TDS and any adverse decision in such proceedings may render us liable to
liabilities and penalties and may adversely affect our business and results of operations.


Name of our Promoter, Mr. Rameshbhai Patel being different in some government identification proof which
may result in defamation of him resulting the negative impact on our Company.

Our Company has issued 1,38,000 equity shares on March 31, 2007, which the company has inadvertently
mentioned as 1,41,000 equity shares in e-form 2, for return of allotment, and in the list of allottees, filed with
Registrar of Companies.
Our Company has filed e-form 2 with Registrar of Companies, Ahmedabad under Companies Act, 1956 for the
further issue of 1,38,000 equity shares on March 31, 2007, in which the Company has inadvertently mentioned
1,41,000 equity shares and also in the list of allottees. However, the correct Paid-Up Capital was shown in the
Annual Return filed by the Company for the financial year 2006-2007 and further the MCA Master Data shows the
correct Paid-Up Capital as on date. Though till date we have not been issued any notices from any Authority
including ROC we cannot assure that we will not be subject to any penalties for the said erroneous filings in the
future. Such erroneous filings may in future render us liable to statutory penalties or disallowing the resolutions
passed for such issuance of Paid-Up Capital which may have adverse effect in operations of our Company.
6. IPOANALYSIS |   Link |  Bookmark |August 5, 2018 5:45:01 PM
A fraud company which has defaulted on TDS for many years.

Stay away with such management and bad lead manager
6.3. Small Investor |   Link |  Bookmark |August 8, 2018 12:51:06 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
but sir Corporate already 1x subscripts ho chuka h ye keval retailers ko fanshane k liy h
6.4. IPOANALYSIS |   Link |  Bookmark |August 8, 2018 2:46:48 PM
As i said before corporate can be clearly false subscription
they can easily get technical rejection.
it will be a tsrategy to get retailer subscribe as many retailer just look at HNI subscription

Only Inndividual section in sme is genuine.
It is bad management company who defaulted in payment.
5. Small Investor |   Link |  Bookmark |August 8, 2018 12:48:19 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
NII 0.97% Subscrips
keep away because this is a game for trep of Retailers
4. S Patel |   Link |  Bookmark |August 8, 2018 10:45:36 AM
big avoid.. expensive..
3. VIE |   Link |  Bookmark |August 8, 2018 9:51:56 AM (500+ Posts, 500+ Likes)
Out of total issue size of 15.24 cr., 9.80 was ofs went to promoters. Its Better to avoid and wait for better opportunities. Happy investing ???? ????
2. IPOANALYSIS |   Link |  Bookmark |August 5, 2018 12:47:14 PM
Clear avoid. BSE issue and priced too expensive. Also lead manager has bad track record
1. Small Investor |   Link |  Bookmark |August 3, 2018 5:49:21 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
avoid
1.1. master strock |   Link |  Bookmark |August 3, 2018 7:12:25 PM
I endorse your views.