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Deepak Chemtex Sets Price Band for Rs 23.04 Cr IPO
Mumbai (Maharashtra) [India], November 27: Deepak Chemtex Limited was founded in 1997 and is a company that produces colorants used in food, pharmaceuticals, and cosmetics, among other sectors. The company is considering issuing a fresh 28.8 lakh shares in an SME initial public offering (IPO) to raise Rs 23.04 Cr. For the book-built issue, Deepak Chemtex [...]
Mumbai (Maharashtra) [India], November 27: Deepak Chemtex Limited was founded in 1997 and is a company that produces colorants used in food, pharmaceuticals, and cosmetics, among other sectors. The company is considering issuing a fresh 28.8 lakh shares in an SME initial public offering (IPO) to raise Rs 23.04 Cr.
For the book-built issue, Deepak Chemtex initial public offering (IPO) will open for subscription on November 29, 2023, and end on December 1, 2023. On Wednesday, December 6, 2023, the share allotment is anticipated to be completed. The proposed listing date for the Deepak Chemtex IPO is Monday, December 11, 2023, and it will take place on the BSE SME platform.
The minimum lot size for the issue is 1600 shares, and Deepak Chemtex has set its IPO price band at Rs 76 to Rs 80 per share. Therefore, for a single bid lot, individual investors must deposit a minimum of Rs 128,000.
