DFPCL Right Issue Review 2020

Right Issue Status: Closed [28th Sep 2020 to 12th Oct 2020]

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Founded in the year 1979, Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) is India’s one of the leading producers of fertilisers and industrial chemicals. The company was set up as an Ammonia manufacturer but today it is working as a multi-product Indian conglomerate offering industrial chemicals, technical ammonium nitrate, crop nutrition, and real estate services.

Deepak Fertilisers has four production plants at Srikakulam, Andhra Pradesh, Taloja, Raigad, Maharashtra, Dahej, Bharuch, Gujarat, and Panipat, Haryana. The company is augmenting its manufacturing capabilities to expand its product portfolio on a continuous basis. It has adopted global state-of-the-art technologies which helped it in increasing manufacturing and supply the best high-quality products globally.

Key details to DFPCL Right Issue 2020

  • Issue Price- Rs. 133 per equity share (including a premium of Rs 123 per share, FV of Rs 10 each)
  • Rights ratio- 3:20; 3 fully paid-up right issue share for every 20 equity shares held by eligible shareholders as on record date of Sept 17, 2020
  • Total no. of right shares proposed- 1,33,92,663 equity shares of face value Rs 10 each @ Rs 133 amounting to Rs 17,812.24 Lakhs.

DFPCL Right Issue Objective

  • Repayment or prepayment of inter-corporate deposits of Rs 12,500 Lakhs.
  • Repayment / prepayment of portion of outstanding indebtedness of DFPCL’s wholly-owned subsidiary Smartchem Technologies Limited (STL) of Rs 1,500 Lakhs.
  • To use the funds towards general corporate purposes.

DFPCL Right Issue Details

DFPCL Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

DFPCL Right Issue Details
DFPCL Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 1,33,92,663 Eq Shares
Right Issue Issue Size(Amount) ₹180 Cr
Face Value ₹10 Per Equity Share
Right Issue Issue Price ₹133
Right Issue Record Date 17th Sep 2020
Right Issue Entitlement 3 Right Equity Share for every 20 Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of ₹133 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 500645
NSE Code DEEPAKFERT

DFPCL Financials

Deepak Fertilisers Ltd’s revenue has fallen by 44.04% to Rs 1,775.47 Cr for the FY2019-20 from the past two years’ revenue of 3172.47 Cr FY2018-19 and 3253.69 Cr of FY2017-18. This decline takes place as the company has suspended its operations due to lockdown during the pandemic.

EBIT for FY2019-20 is Rs 107.18 Cr as against Rs 91.32 Cr in FY2018-19, which shows the rise of 17.37%. DFPCL has posted a higher PAT (Net profit) of Rs 30.71 Cr (Rs 7.92 crore in FY2018-19).

DFPCL financial
Title FY 2020 FY 2019
Total revenue 1775.75 3148.88
PAT 30.71 7.92
EBITDA 179.46 139.36
Total Assets 2388.77 2279.87
Net profit margin 1.90 1.09
Interest coverage ratio (times) 2.30 2.24
EBIT 107.18 91.32
Finance cost 243 229
Reserves and surplus 179.92 179.92
Long term borrowings 576.76 401.13
Short term borrowings 173.87 272.88
Debt to equity 0.46 0.42

DFPCL Right Issue Strengths

  • Has strong relationship with dealers and sub-dealers which have expended company’s distribution network.
  • Company has strong market position in the existing chemical business of ammonia nitrate, nitric acid and IPA.
  • Company has strong demand of its products across the country and internationally also.

DFPCL Right Issue Threats/Weaknesses

  • Company’s business is dependable on the performance of agricultural sector.
  • Company’s business has been adversely affected by Covid-19 due to restriction of movement in country.
  • Seasonal agricultural industry of India affects the demand of DFPCL’s products and any delay or default in payment also affects its financial health.

DFPCL Right Issue Important Dates

In this section we have covered all important dates related to DFPCL Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

DFPCL Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 28th Sep 2020
Right Issue Issue Close Date 12th Oct 2020
Basis of Allotment Finalisation Date* 21st Oct 2020
Refunds Initiation* 21st Oct 2020
Credit of Shares to Demat Account* 23rd Oct 2020
Right Issue Listing Date* 26th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

DFPCL Right Issue Offer Document (Letter of Offer) >>Document

DFPCL Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

Deepak Fertilisers And Petrochemicals Corporation Limited,
Sai Hira, Survey No. 93, Mundhwa,
Pune - 411 036, Maharashtra,India
Website: www.dfpcl.com/
Email: [email protected]
Phone: +91-20-6645 8000

Registrar

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032
Telephone: +91 40 6716 2222
E-mail Id: [email protected]
Contact person: M. Murali Krishna

Lead Manager

BOB Capital Markets Limited
Parinee Crescenzo, 1704, B Wing, 17th Floor
Plot no. C-38/39, G Block BKC
Bandra East, Mumbai 400 051
Telephone: +91 (22) 6138 9300
E-mail Id: [email protected]
Contact person: Nivedika Chavan/Disha Jugat
DFPCL Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for DFPCL? Should I apply in DFPCL Right Issue?

Last Updated on 2020-09-24T05:36:12+00:00

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User Comments

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5. rabneet  9/15/2020 5:22:35 AM Reply
DFPCL RightIssue good or bad.
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4. anisha  9/15/2020 5:22:35 AM Reply
DFPCL RightIssue whether to invest or not.
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3. Rakeshbhai   9/15/2020 5:22:35 AM Reply
DFPCL RightIssue - CRISIL Rating, Apply or not?.

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