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Dipna Pharmachem IPO is a fixed price issue of Rs 15.21 crores. The issue is entirely a fresh issue of 40.02 lakh shares.
Dipna Pharmachem IPO bidding started from August 25, 2022 and ended on August 30, 2022. The shares got listed on BSE SME on September 8, 2022.
Dipna Pharmachem IPO price is ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.
Interactive Financial Services Ltd is the book running lead manager of the Dipna Pharmachem IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Dipna Pharmachem IPO RHP for detailed information.
| IPO Date | August 25, 2022 to August 30, 2022 |
| Listing Date | September 8, 2022 |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,002,000 shares (aggregating up to ₹15.21 Cr) |
| Fresh Issue | 4,002,000 shares (aggregating up to ₹15.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,968,000 |
| Share holding post issue | 11,970,000 |
| Market Maker portion | 204,000 shares |
Dipna Pharmachem IPO offers 4,002,000 shares. 1,899,000 (47.45%) to NII, 1,899,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 204,000 (5.10%) |
| Other Shares Offered | 1,899,000 (47.45%) |
| Retail Shares Offered | 1,899,000 (47.45%) |
| Total Shares Offered | 4,002,000 (100%) |
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 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
| Lot Size Calculator | |||
Mr. Keyur Dipakkumar Shah is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 66.56% |
Incorporated in 2011, Dipna Pharmachem Limited is engaged in the trading and distribution of a wide range of pharmaceutical raw materials which is also known as APIs (Active Pharmaceutical Ingredients), Excipient and chemical formulation products. The Company also started selling chemicals on a commission basis in the Financial year 2022. The company conducts business in Ahmedabad and the surrounding area of Ahmedabad.
The company's product portfolio comprises 61 AIPs and AIPs intermediates such as Cephalosporins, Cardiovascular, Anti - Bacteria, Quinolones, Veterinary, Anti - Virus, Anti - Inflammatory, Neuropsychiatry, Steroid Hormone, other etc.
The company is supplying raw materials to pharmaceutical industries and the pharmaceutical industry falls under the essential business list declared by the Government.
Competitive Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 1844.18 | 3054.85 | 5.9 | 54.75 | 51.25 |
| 31-Mar-21 | 2479.34 | 3101.54 | 2.42 | 57.17 | 53.67 |
| 31-Mar-22 | 3622.96 | 7276.58 | 116.69 | 173.86 | 170.36 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Dipna Pharmachem IPO is Rs 45.49 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 39 |
The company intends to utilize the Net Proceeds for the following objects :
[Dilip Davda] After showing dismal performances for FY20 and FY21, it marked a bumper turnover and net profits, which appears to be a window dressing in a pre-IPO year. DPL is just a trader in pharmachem. Since it is operating in a highly competitive and fragmented segment, the sustainability of such performance is a major concern. Based on such super profits also the issue is aggressively priced. There is no harm in ignoring such a pricy bet. Read detail review...
The Dipna Pharmachem IPO is subscribed 2.77 times on August 30, 2022 7:52:00 PM. The public issue subscribed 4.75 times in the retail category, times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.78 |
| Retail | 4.75 |
| Total | 2.77 |
| Listing Date | September 8, 2022 |
| BSE Script Code | 543594 |
| NSE Symbol | |
| ISIN | INE0MC401013 |
| Final Issue Price | ₹38 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹38.00 |
| ₹32.00 |
| ₹30.40 |
| ₹33.60 |
| ₹33.40 |
Dipna Pharmachem Limited
A/211, Siddhi Vinayak Complex,
Near D.A.V. School, Makarba,
Ahmedabad – 380 055,
Phone: +91-9898066121
Email: info@dipnapharmachem.com
Website: http://dipnapharmachem.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Dipna Pharmachem IPO is a SME IPO of 4,002,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on August 25, 2022, and closes on August 30, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dipna Pharmachem IPO using UPI as a payment gateway. Zerodha customers can apply in Dipna Pharmachem IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dipna Pharmachem IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dipna Pharmachem IPO opens on August 25, 2022 and closes on August 30, 2022.
Dipna Pharmachem IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Dipna Pharmachem IPO 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 Dipna Pharmachem IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dipna Pharmachem IPO allotment status.
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