Dipna Pharmachem Limited IPO Details, Review, GMP, Subscription Status and Allotment

Dipna Pharmachem Limited IPO Allotment, Refund and Listing Date

Dipna Pharmachem Limited IPO Opening DateAugust 25, 2022
Dipna Pharmachem Limited IPO Closing DateAugust 30, 2022
Basis of AllotmentSeptember 5, 2022
Initiation of RefundsSeptember 6, 2022
Credit of Shares to DematSeptember 7, 2022
Dipna Pharmachem Limited IPO Listing DateSeptember 8, 2022

Dipna Pharmachem Limited IPO Details

Dipna Pharmachem Limited IPO Price BandRs.38 Per Equity Share
IPO Lot SizeMinimum 3000 shares for 1 lot
Minimum AmountRs.114,000 for 1 lot
IPO SizeApprox Rs.15.21 Crores
Listing AtBSE, NSE
Offer for Sale4,002,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Dipna Pharmachem Limited IPO GMP (Grey Market Premium)

DateGMPSubject Rate
31 Aug 2022

Dipna Pharmachem Limited IPO Subscription Status Live

The Dipna Pharmachem IPO is subscribed 2.69 times on Aug 30, 2022 3:56:00 PM. The public issue subscribed 4.60 times in the retail category, times in the QIB category, and 0.78 times in the NII category. 

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers0.78
Retail Investors4.60
Employees
Others
Total2.69

Dipna Pharmachem Limited IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Aug 25, 2022
0.020.290.15
Day 2
Aug 26, 2022
0.061.090.58
Day 3
Aug 29, 2022
0.302.271.28
Day 4
Aug 30, 2022
0.784.652.71

Dipna Pharmachem Limited Financial Report

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201844.183054.855.954.7551.25
31-Mar-212479.343101.542.4257.1753.67
31-Mar-223622.967276.58116.69173.86170.36

Dipna Pharmachem Limited IPO Valuation – FY-2022

 Earning Per Share (EPS): Rs.333.40 per Equity Share
 Price/Earning P/E Ratio: 0.11
 Return on Net Worth (RoNW): 67.12%
 Net Asset Value (NAV):Rs.496.74 per Equity Share

Dipna Pharmachem Limited IPO Review

What our Expert say about Dipna Pharmachem Limited IPO ReviewAvoid

Peer Group

  • Earum Pharmaceuticals Limited
  • A-1 Acid Limited

Objects of the Issue

  1. Working capital requirement.
  2. General corporate purposes.

Dipna Pharmachem Limited IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Company Promoters

  • Mr. Keyur Dipakkumar Shah

About Dipna Pharmachem Limited

Dipna Pharmachem is the commercial trading company of solvents, raw pharmaceutical ingredients, excipients, APIs, and formularies across India and around the globe. Dipna Pharmachem Limited is looking to raise Rs15.2 Crores through this IPO at a fixed price of Rs38 a share. Dipna Pharmachem is going to raise Rs 1521 Crores via the Dipna Pharmachem IPO on a public issue of 40,02,000 equity shares. The company is going to conduct an Initial Public Offering.

The whole issue is to raise new funds, there is no offering to sell. You must read the issue DRHP prior to filing an IPO. The best way to secure an allocation to the fixed-price issue is by applying through net banking or the ASBA process, ensure that you read the DRHP before taking any decision on any Initial Public Offering. 

More or Less, Dipna Pharmachem Limited has substantially reduced all of its debts within a short period and is planning to raise funds through this issue for meeting its general corporate expenses and also for financing an overseas JV of the company to expand. The Companys Product Portfolio comprises of 61 APIs & API Intermediates like cephalosporins, cardiovascular, anti-bacterial, quinolones, veterinarian, anti-virus, anti-inflammatory, neuropsychiatry, steroids hormones, others & more The Company supplies the pharmaceutical industry with the feedstocks & pharmaceuticals are listed in the Essential Business List declared by Government. Let us take a deep look at the company and analysis on Dipna Pharmachem IPO launch date, offer price, subscription, Allotment, Allotment, Grey Market Price and more details such as Companys Background, Promoters, and others.

The Company is doing trades in Ahmedabad and surrounding areas of Ahmedabad. The Company has also started chemical sales through a Commission based model. In FY2022, the Company has earned a Commission revenue of Rs127.50 Lacs. The name of the company was changed to –Dipna Pharmachem Private Limited|| and on 29th March 2012, a fresh Certificate of Incorporation was issued bearing Corporate Identification number U24100GJ2011PTC066400 from Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The whole issue was fairly priced at Rs 38 a share at PE Ratio 26 in a rapidly growing Pharma Sector.

Before jumping into the details of the fixed-price issue, let us know that Indian exports in pharmaceuticals have witnessed growth of 103% from 2013-14, ranging from Rs 90,415 Crores in 2013-14 to Rs 1,83,422 Crores in 2021-22. Dhara Chemical is best known globally for its innovative technology, quality products, and exceptional level of services. 

Company Address

Dipna Pharmachem Limited
A/211, Siddhi Vinayak Complex,
Near D.A.V. School, Makarba,
Ahmedabad – 380 055,
Phone: +91-9898066121
Email: info@dipnapharmachem.com
Websitehttp://dipnapharmachem.com/

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