Deep Polymers IPO

Deep Polymers IPOBusiness description - Deep Polymers is engaged in manufacturing colour and additive masterbatches for engineering plastics and compounds that includes wide range of quality products like antifab fillers, transparent fillers, colour fillers, which is used as cost effective replacements for polymers and acts as anti-fibrillating, anti-blocks, anti-slip agents. The group started its manufacturing facility at Ahmedabad producing plastic master batches with 600 MT productions per annum in year 1992 and has now achieved capacity of color master batches and filler master batches of 12,000 MT and 25,000 MT respectively.

The Gujarat Energy Development Agency (GEDA) has permitted the company to set up wind energy based power project located at Dwarka, Jamnagar, Gujarat, India. It generates wind energy at said location and is permitted to use the same at its  own manufacturing unit located at Block No. 727B/H Bhavi Industries, Rakanpur (Santej), Tal Kalol, Dist: Gandhinagar– 380 060, Gujarat, India.

Promoters of Deep Polymers – Mr Aditya Gupta, Mrs Karuna Chhabra and Mr Nitin Chhabra
Deep Polymers IPO details
Subscription Dates 8 - 13 August 2018
IPO Price band INR40 per share
Fresh issue 1,360,000 shares (INR5.44 crore)
Offer for sale 2,450,000 shares (INR9.80 crore)
Total IPO size 3,810,000 shares (INR15.24 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements - INR5.00 crore
  • Issue expenses - INR0.30 crore
  • General corporate purpose - INR0.14 crore
Deep Polymers' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 34.7 41.1 36.0 42.7 41.1
Total expenses 35.2 40.2 36.5 40.8 38.2
Profit after tax -0.4 0.7 -0.4 1.3 2.1
Deep Polymers' Contact Details

Deep Polymers Limited
Block No. 727B/H Bhavi Industries
Rakanpur (Santej), Tal Kalol
Gandhinagar– 380 060

Phone: +91 2764 286032
Email: info@deeppolymer.in
Website: www.deeppolymer.in

Deep Polymers IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.53
Day 2 0.98
Day 3 1.06
Day 4 1.39
Deep Polymers Valuation (For latest FY)

Earnings Per Share (EPS): INR2.26

Price/Earnings (P/E) ratio: 17.70

Return on Net Worth (RONW): 8.34%

Net Asset Value (NAV): INR19.57 per share

Registrar of Deep Polymers IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Deep Polymers IPO Allotment Status

Deep Polymers IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Deep Polymers

IPO Opening Date: 8 August 2018

IPO Closing Date: 13 August 2018

Listing Date: 23 August 2018

Listing Price on BSE SME: INR41.9 per share (up 4.75% from IPO price)

Closing Price on BSE SME: INR40.9 per share (up 2.25% from IPO price)

Deep Polymers IPO
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One thought on “Deep Polymers IPO

  • August 3, 2018 at 10:07 AM
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    I am always surprised how profits grow before a company comes with IPO. It was in loss with same sales two years ago and now profit of 2 crore!!!

    Reply

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