IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size38,10,000 shares (aggregating up to ₹15.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 08 Aug 2018
Subscription CloseMon, 13 Aug 2018
Anchor AllotmentTue, 07 Aug 2018
Basis of AllotmentSun, 19 Aug 2018
Initiation of RefundsMon, 20 Aug 2018
Credit of Shares to DematMon, 20 Aug 2018
Listing DateThu, 23 Aug 2018
UPI Mandate Deadline2018-08-13
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public36,18,000 shares (aggregating up to ₹14.47 Cr)
Reserved for Market Maker1,92,000 shares (aggregating up to ₹0.7680 Cr)
Pre-IPO Promoter Holding1,05,11,600 shares
Post-IPO Promoter Holding1,18,71,600 shares
Fresh Issue Shares11,68,000 shares (aggregating up to ₹4.67 Cr)
Offer for Sale Shares24,50,000 shares of ₹10 (aggregating up to ₹9.80 Cr)
About Deep Polymers Ltd.
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. TheThe company's restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.
Objects of the Issue
Deep Polymers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Meet working capital requirement;
5.00
2
2 To Meet General corporate purpose
0.14
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,05,11,600 shares
Post-IPO Promoter Holding
1,18,71,600 shares