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
| Event | Indicative Date |
| IPO opening date | August 25, 2022 |
| IPO closing date | August 30, 2022 |
| Basis of allotment | September 5, 2022 |
| Initiation of refunds | September 6, 2022 |
| Credit of shares to demat | September 7, 2022 |
| IPO listing date | September 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 2020 | 31 March 2021 | 31 March 2022 |
| Total assets | 1844.18 | 2479.34 | 3622.96 |
| Total revenue | 3054.85 | 3101.54 | 7276.58 |
| Profit after tax | 5.9 | 2.42 | 116.69 |
| Net worth | 54.75 | 57.17 | 173.86 |
| Reserves and surplus | 51.25 | 53.67 | 170.36 |
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.
