IPO Issue Details
Issue Price / Price Band₹38 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size40,02,000 shares (aggregating up to ₹15.21 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 25 Aug 2022
Subscription CloseTue, 30 Aug 2022
Anchor AllotmentWed, 24 Aug 2022
Basis of AllotmentMon, 05 Sep 2022
Initiation of RefundsTue, 06 Sep 2022
Credit of Shares to DematTue, 06 Sep 2022
Listing DateThu, 08 Sep 2022
UPI Mandate Deadline2022-08-30
Application & Investment Details
Retail — Min (1 Lots)₹1,14,000 — 3,000 shares
Retail — Max (13 Lots)₹1,482,000 (13 Lots)
HNI — Min (2 Lots)₹2,28,000 — 6,000 shares
P/E Ratio (Pre-IPO)39x
Net Offer to Public37,98,000 shares (aggregating up to ₹14.43 Cr)
Reserved for Market Maker2,04,000 shares (aggregating up to ₹0.7752 Cr)
Pre-IPO Promoter Holding79,68,000 shares
Post-IPO Promoter Holding1,19,70,000 shares
About Dipna Pharmachem Ltd.
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 :Diversified Product PortfolioExperienced PromoterQuality ServiceHigh level of customer satisfaction
Objects of the Issue
Dipna Pharmachem Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working capital requirement
11.10
2
2 General Corporate Purpose
3.65
Shareholding & Lock-in
Pre-IPO Promoter Holding
79,68,000 shares
Post-IPO Promoter Holding
1,19,70,000 shares