scorecardresearchDipna Pharmachem Limited IPO opens today; Key things to know before subscribing

Dipna Pharmachem Limited IPO opens today; Key things to know before subscribing

Updated: 25 Aug 2022, 12:13 PM IST
TL;DR.
Dipna Pharmachem Limited IPO of Rs. 15.21 crore is open for subscription until Tuesday, August 30.
Initial public offering of Dipna Pharmachem Limited

Initial public offering of Dipna Pharmachem Limited

The initial public offering of Dipna Pharmachem Limited opens for subscription today, August 25. The issue, which has a price band of Rs. 38, will close on August 30.

Let’s dwell deeper and get some more information about its operations to help you decide if this IPO is worth your money or not!

Company overview

Dipna Pharmachem Limited was incorporated in 2011 as a private limited company. It 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. It conducts business in Ahmedabad and surrounding areas.

Listing details

Dipna Pharmachem Limited initial public offering of Rs. 15.21 crore is open for subscription until Tuesday, August 30.

The price band of the offer has been fixed at 38 per equity share with face value of 10 each. The minimum market lot is 3000 shares with a 114,000 application amount.

IPO Timeline

EventIndicative Date
IPO opening dateAugust 25, 2022
IPO closing dateAugust 30, 2022
Basis of allotmentSeptember 5, 2022
Initiation of refundsSeptember 6, 2022
Credit of shares to dematSeptember 7, 2022
IPO listing dateSeptember 8, 2022

Objective of issue

The net proceeds of the fresh issue are proposed to be utilised in the following manner:

  • Working capital requirement.
  • General corporate purposes.

Financials

Here is a quick look at the financial performance of Dipna Pharmachem over the last three years:

 

Particulars

(Amount in lakhs)

31 March 202031 March 202131 March 2022
Total assets1844.182479.343622.96
Total revenue3054.853101.547276.58
Profit after tax5.92.42116.69
Net worth54.7557.17173.86
Reserves and surplus51.2553.67170.36

Source: RHP

Company’s strengths

  • Diversified Product Portfolio
  • Experienced Promoter
  • Quality Service
  • High level of customer satisfaction

Bigshare Services Pvt Ltd is the registrar for the issue and the shares are proposed to be listed on BSE SME.

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First Published: 25 Aug 2022, 12:13 PM IST