Deepak Chemtex Ltd - IPO

Deepak Chemtex Ltd IPO Details

Initial public offer of upto 28,80,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Deepak Chemtex Limited (The Company or DCL or The Issuer) at an issue price of Rs. 80/- per equity share for cash, aggregating up to Rs. 23.04 crores (Public Issue) out of which 1,47,200 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80/- per equity share for cash, aggregating Rs. 1.18 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 27,32,800 equity shares of face value of Rs. 10 each, at an issue price of Rs. 80/- per equity share for cash, aggregating upto Rs. 21.86 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.51% and 25.15 % respectively of the post- issue paid-up equity share capital of the company.

Objective of issue

Funding capital expenditure towards installation of plant & machinery in its existing premises. Investment in its subsidiary DCPL speciality chemicals pvt ltd for financing its capital expenditure towards installation of plant and machinery. Funding to meet working capital requirements. General corporate purposes.

Deepak Chemtex Ltd Contact Details

Deepak Chemtex Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@deepakchemtex.in

Website - www.deepakchemtex.in