Business Standard

Deep Polymers Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

15.24 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

08-Aug-2018

Close Date

13-Aug-2018

Listing Date

23-Aug-2018

Deep Polymers Ltd News

    The Shares of Deep Polymers Ltd have now been listed.

    Deep Polymers Ltd IPO Details

    Public offer of 38,10,000 equity shares of Rs.10/- each (equity shares) of Deep Polymers Limited (dpl or the company) for cash at a price of Rs. 40 per share (the offer price), aggregating to Rs. 15.24 Crores (the offer) consisting of fresh issue of 13,60,000 equity shares aggregating to Rs.5.44 Crores and an offer for sale of 24,50,000 equity shares by the selling shareholder aggregating to Rs. 9.80 Crores (offer for sale), of which upto 1,92,000 equity shares of Rs. 10/- each will be reserved for subscription by market makers to the offer (the market maker reservation portion). The offer less market maker reservation portion i.e. Offer of 36,18,000 equity shares of Rs. 10/- each is hereinafter referred to as the net offer. The offer and the net offer will constitute 32.09% and 30.47%, respectively of the post offer paid up equity share capital of the company.The face value of equity shares is 10 each and the offer price of 40.00 is 4 time of the face value.

    Objective of issue

    To Meet Working Capital Requirements. General Corporate Purposes.

    Deep Polymers Ltd Contact Details

    Deep Polymers Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@deeppolymers@gmail.com

    Website - www.deeppoly.com