Dipna Pharmachem Rights Issue will open for subscription from 26 February 2024. the company aims for an issue size of ₹12.97 Crores through this rights Issue.
About the company
Incorporated in 2011, Dipna Pharmachem Limited (DPL) is an India-based company that trades, imports, and exports industrial chemical and pharmaceutical raw materials. These include active pharmaceutical ingredients (APIs), excipients, and chemical formulation products. The company exports its products globally. Dipna Pharmachem Limited offers import and export services to customers worldwide.
The company has a wide range of offerings, including expertise in marketing and sourcing of industrial chemicals, pharmaceutical raw materials, APIs, solvents, and formulation and intermediates. They also assist in setting up contract manufacturing compliance for regulated and semi-regulated pharmaceutical companies, ensuring that all global benchmark parameters are met and leading certificates like WHO-GMP are obtained.
Objectives of the Issue
Dipna Pharmachem Rights Issue Timetable
| Last Date to buy shares | 09 February 2024 |
| Record Date | 12 February 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 26 February 2024 |
| Renunciation of Rights Entitlements | 04 March 2024 |
| Bid/Offer Closes On | 07 March 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Dipna Pharmachem Rights Issue Details
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Dipna Pharmachem Ltd. |
| Issue Size (Shares) | 12,967,500 |
| Issue Size (Amount) | ₹12.97 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 13 Rights Equity Share(s) for every 12 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 77.56 | 36.23 |
| Revenue | 99.93 | 72.77 |
| Profit After Tax | 0.91 | 1.17 |
| Reserves and Surplus | 12.39 | 1.70 |
Dipna Pharmachem Rights Issue Documents
Lead Manager(s)
Dipna Pharmachem Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Dipna Pharmachem Ltd.
A/211, Siddhi Vinayak Complex,
Near D.A.V. School
Makarba, Ahmedabad – 380 055
Phone: +91 98980 66121
Email: dharachem99@yahoo.in
Website: https://dipnapharmachem.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
