Deep Polymers Limited IPO

Deep Polymers Limited

Issue Open

Aug 08, 2018

Price Band

₹ 40

Issue Size

₹ 15.24 Cr

Credit of Shares to Demat

-

Issue Close

Aug 13, 2018

Bid Lot

3000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Aug 23, 2018

Refunds

-

About the company:

Deep Polymers Limited is primarily active in the manufacturing of addictive and colour masterbatches that are utilized for fixing plastics and compounds that are used as a substitution for polymers which acts as anti-slip, anti-blocks, anti-fibrillating agents.  

Date of Incorporation: Deep Polymers Limited was incorporated as ‘Deep Polymers Private Limited’ on  13th September 2005 with Registrar of Companies, Dadra and Nagar Haveli, Gujarat. Subsequently, the status of Company was reformed to the public limited company and was renamed to ‘Deep Polymers Limited’ on 6th April 2018.  

Promoters of Deep Polymers Limited: Mr Rameshbhai Patel is the promoter of Deep Polymers Limited.

Products and Services Offering: Deep Polymers Limited is the leading manufacturer and supplier of Masterbatches. The products offering includes:

   - Antifab Fillers

  • - Super bright Fillers

  • - Coloured Tinge Fillers

  • - Natural Fillers

Customer Segments: Deep Polymers Limited has a wide and diversified customer segment that is spread across several sectors including Appliances, Agriculture, Electronics, Pharma and Textiles among others.

Objectives of Deep Polymers Limited IPO: The offer of Deep Polymers Limited is divided into Offer for Sale consisting of 24,50,000 equity shares and Fresh Issue consisting of 13,60,000 equity shares.

The objects of an offer are:

- Working capital requirement.

- Cover Issue expenses.

- General corporate cost.

Note Company will not receive any proceeds from the Offer for Sale.


Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

2 904.30

3 009.04

2 539.78

2 637.90

2 321.31

Total Revenue

4 110.09

4 274.43

3 600.85

4 113.89

3 473.07

Profit After Tax

2 4.73

1 8.02

- 5.41

6 .05

-36.06


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