Deepak Chemtex IPO: Issue subscribed more than 403times on the last day: GMP, Issue details and 10 thing to know
₹23.04 crores and it is entirely a fresh issue of 28.8 lakh shares. By the end of the last day of bidding Deepak Chemtex IPO subscribed 403.03 times. The public issue subscribed 475.36 times in the retail category, 96.80 times in QIB, and 642.25 times in the NII category by December 1, 2023 by 7.00 PM as per Chittorgarh.com data.
The Grey market Premium or GMP for the Deepak Chemtex IPO that had increased from ₹28 on 28 November to ₹32 on 29 November further rose to ₹65 by end of subscription date of December1. Th means shares are trading at their premium of ₹ 65 in the grey market, according to investorgain.com Deepak Chemtex IPO is likely to see SME listing on the bourses with tentative listing date expected on as Monday, December,11 2023. Also read- Flair share price hits 10% lower circuit after dream debut.
Buy, wait or exit? Deepak Chemtex, established in 1997, has its manufacturing capacities located in Lote Parshuram industrial Area, Lote in Ratnagiri District which is halfway from Mumbai to Goa. Deepak Chemtex is primarily engaged in the business of manufacturing colorants finding its application in Food, Drug, Cosmetics, Cleaning compounds, Agriculture and other industries. Deepak Chemtex IPO Date – Deepak Chemtex IPO opened for subscription on November 29, 2023 and closes on December 1, 2023.
Deepak Chemtex IPO Price Band- Deepak Chemtex price band was set at ₹76 to ₹80 per share. Deepak Chemtex Lot size for application- The minimum lot size for an application was 1600 Shares. The minimum amount of investment required by retail investors was ₹128,000.
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