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Deepak Chemtex debuted with a nearly 90% premium at Rs 152 on BSE SME against an issue price of Rs 80. The stock then hit a high of Rs 159.6 and was locked in the upper circuit. The IPO was entirely a fresh equity issue of up to 28.8 lakh equity shares, aggregating to Rs 23.04 crore.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. Here's how you can check the status on BSE
Tata Technologies, Gandhar Oil Refinery, Indian Renewable Energy (IREDA) and Flair Writing Industries made bumper debuts while Fedbank Financial Services disappointed investors
Deepak Chemtex and AMIC Forging IPOs closed on December 1 while Marinetrans India and Graphisads will close on December 5
The company is primarily engaged in the business of manufacturing of colorants finding its application in food, drug, cosmetics, cleaning compounds, agriculture and other industries.