The rights issue of Deepak Fertilisers And Petrochemicals Corporation Limited closed for subscription today, i.e., October 12, 2020 being the last date of subscription.

The rights issue got oversubscribed and the management thanked all the shareholders for their participation in the rights issue and reposing their trust on the company.

The applications received in the rights issue are subject to verification and clearing of payments, as applicable, and finalization of the basis of allotment.

The issue price was fixed at Rs. 133/- per fully paid-up equity share which included a premium of Rs. 123/- per fully paid-up equity share over the face value of Rs. 10 per equity share.

Terms and payment of issue price included the full amount of issue price being Rs. 133/- per rights equity share to be payable on application.

The company recently reported huge jump in its first quarter sales and profits despite the COVID-19 pandemic. It's revenue grew by 23.16% YoY and stood at Rs 1,382 crore from Rs 1,122.2 crore in Q1 FY20.

Consolidated net profit stood at Rs 121.14 crore which rose by 1032.15%, as compared to Rs 10.7 crore in the same quarter last year. The net profit margin in Q1FY21 came in at 8.77% which rose 7.82% YoY. The net profit margin for Q1FY20 was at 0.95%.