Upcoming SME IPO_Deep Polymers Limited IPO


Deep Polymers Limited IPO

Issue Analysis :

Issue opens Aug 8, 2018
Issue Closes Aug 13, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 15.24 Cr
Platform BSE

Company’s Snapshot :

Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.

The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.

Deep Polymer’s total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The

The company’s restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.


Object of the Issue:


The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-

  1. Working capital requirement;
  2. Issue Expenses; and
  3. General corporate purpose


Financial Highlights :

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-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 214.73 128.02 (35.41) 67.05 (36.06)


Company Promoters:

The promoter of the company is Rameshbhai Bhimjibhai Patel. He holds 33,00,000 Equity Shares constituting 31.39% of the Pre Offer Capital.


Contact Company Information:

Deep Polymers Limited

Block No. 727B/H, Bhavi Industries

Rakanpur (Santej), Tal Kalol,

D Gandhinagar- 380 060

Phone: +91-2764-286032

Email: info@deeppolymer.in

Website: http://www.deeppolymer.in/

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