Dipna Pharmachem Rights Issue

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 shares09 February 2024
Record Date12 February 2024
Credit of Rights Entitlements
Bid/Offer Opens On26 February 2024
Renunciation of Rights Entitlements04 March 2024
Bid/Offer Closes On07 March 2024
Deemed Date of Allotment
Credit Date
Listing Date

Dipna Pharmachem Rights Issue Details

Issue OpenFebruary 26, 2024 – March 7, 2024
Security NameDipna 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 AtBSE
Terms of Payment
Entitlement13 Rights Equity Share(s) for every 12 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 2022
Profit After Tax0.911.17
Reserves and Surplus12.391.70
(Amount in ₹ Crore)

Dipna Pharmachem Rights Issue Documents

Lead Manager(s)

Dipna Pharmachem Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com

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

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

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