Read on the application
People are shocked by the IPO of Deepak Chemtex, a small company that manufactures food, drug and cosmetic colors. The company’s IPO has been subscribed a total of 403 times. Shares of Deepak Chemtex are making waves in the gray market as well. The company’s shares are trading at a premium of more than 80 percent in the gray market. Deepak Chemtex IPO Price Band Rs. 76 to Rs. is 80.
Shares may list around Rs 145
Deepak Chemtex IPO Price Band Rs. 76-80 is. At the same time, the company’s shares are trading at a premium of Rs 65 in the gray market. At the upper price band of Rs 80, shares of Deepak Chemtex traded at Rs. Around 145 can be listed. That is, investors who will be allotted shares of the company in the IPO can expect a profit of more than 81 percent on the very first day. The IPO of Deepak Chemtex was opened on 29 November 2023 and remained open till 1 December. Allotment of shares in the company’s IPO will be final on 6 December 2023.
Also read – Casino company makes new bets, shares rise sharply, tax relief too
The company’s IPO has been subscribed 403 times
Deepak Chemtex’s IPO has been subscribed a total of 403.03 times. Retail investors have subscribed 475.36 times the quota in the company’s IPO. At the same time, non-institutional investors have subscribed 642.25 times the quota. While the Qualified Institutional Buyers (QIB) quota has been subscribed 96.80 times. Retail investors can bid for 1 lot in a company’s IPO. One lot of IPO has 1600 shares. Deepak Chemtex’s total public issue size is Rs. 23.04 crores.
Also Read- Tata Company Big Success, Special Title In Group, Stock Experts Get Scared