Business 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: [email protected]
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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
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!!!