Chemcon Speciality Chemicals Limited IPO Message Board (Page 30)

Apply . Very Difficult allotment though

Should we buy on gmp?

Welcome Back

Chemcon chemical gmp
202 - 204
Application rate 470 - 480..

I want to sale 4 application of Chemcon any buyer?

Ask to your brockers..

I also want to sell 3 application let me know for any buyer

Chemical IPO
GMP 207 +/- 1
Kostak 450 +/- 25

Chemical IPO
GMP 205 +/- 1

Chemcon will be better bet compared to CAMS but allotment will be difficult. Preference Chemcon then CAMS. What about others?

CAMS is a better company than Chemcon. Chemcon promoters are bad with litigations on them.
#prospectus
Naresh Vijaykumar Goyal, a member of our Promoter Group, has filed an appeal in relation to a criminal proceeding filed against him, which if determined adversely may have a negative impact on our operations, reputation and prospects.Pursuant to a criminal complaint (“Complaint”) filed by the Central Bureau of Investigation (Jaipur) (“CBI”), the CBI Special Court, Jaipur (“CBI Court”), vide an order dated December 24, 2018 (“CBI Court Order”), has convicted and sentenced inter aliaa member of our Promoter Group, Naresh Vijaykumar Goyal (in his capacity as a director of Super Scientific Works Private Limited) to (i) rigorous imprisonment for two years with a fine of Rs 10,000 for commission of offences under Section 120-B of the Indian Penal Code, 1860; and (ii) rigorous imprisonment for three years and fine of Rs 20,000 each for commission of offences under Section 13(1)(d)(ii) of the Prevention of Corruption Act, 1988.

The RBI had initiated certain proceedings against Rudra Fincorp Private Limited, an entity forming part of the Promoter Group of our Company

Obviously CAMS ..

Only 318 cr ipo. Allotment will be tough

Can u tell me the detailed procedure to sell apps..I haven't done it before..I might apply from 15 accounts..what will be the scenario in that case?

Contact your broker.I sold each one to broker and his client and in return swap the CAMS's 2 app. for 800 & 1000.So in total I paid 950 net for 2 CAMS app.

koshtak 385/-

I have account in PNB and want to use with demat account. If anyone is using ASBA facility of PNB, please guide whether it is convenient to use it. Any difficulty experienced.

Yes go ahead no issue at all! :)

You can apply any ipo with pnb asba menu which is now available only in internet banking login.

Chemical IPO
GMP 190 +/- 1

FINAL


Chemcon Speciality Chemicals IPO – Schedule *(Page 294 of the RHP)*

16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading


Chemcon Speciality Chemicals IPO – Issue Information *(FINAL)*

Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 93,52,941 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.338 – Rs.340 per Share
Discount: NIL
Market Lot: 44 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 3,17,77,760 Shares
Fresh Issue of 48,52,941 Shares @340/- = Rs.165.00Crs
Offer for Sale of 45,00,000 Shares @340/- = Rs.153.00Crs
Equity Shares outstanding after the Issue = 3,66,30,701 Shares

Category-wise Break up:
Anchor – 28,05,883 Shares = 95.40Crs
QIB – 18,70,588 Shares = 63.60Crs
NII – 14,02,941 Shares = 47.70Crs
RII – 32,73,529 Shares = 111.30Crs (Lot size: 44 = 74,398 Forms)
Total Issue – 93,52,941 Shares = 318.00Crs.

Subscription required for 1X
RII = 74,398 Forms
NII = 47.70 Crs


Chemcon Speciality Chemicals IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.00.89 (Page #82 of DRHP)
EPS for FY17-18 >>> Rs.08.30 (Page #86 of RHP)
EPS for FY18-19 >>> Rs.13.54 (Page #86 of RHP)
EPS for FY19-20 >>> Rs.15.37 (Page #86 of RHP)

RoNW for FY16-17 >>> 10.44% (Page #83 of DRHP)
RoNW for FY17-18 >>> 49.20% (Page #87 of RHP)
RoNW for FY18-19 >>> 44.94% (Page #87 of RHP)
RoNW for FY19-20 >>> 49.20% (Page #87 of RHP)

NAV as on March 31, 2020 was Rs.44.91 (Page #87 of RHP)

Listed Industry Peer Group (Page #84 of DRHP): Aarti Industries, Vinati Organics, Sudarshan Chemical Industries, Atul, Paushak, Fine Organic Industries, Neogen Chemicals

 
Chemcon Speciality Chemicals IPO – *Market’s Current Estimates of oversubscription*:

RII = 12.00L Forms = 16.13X Applic. wise (Avg allotment of ~2.73 shares per lot)
NII = 12K Crs. = ~251.57X

Interest cost *@8.00%p.a.* for 7days = 52.16paise for 1X

Thus, for NII the costing = 251.57 X 52.16paise = Rs.131.23 per share (= GMP)

And, for RII the costing = 2.73 X 131.23 = Rs.358/- (= Kostak)


Chemcon Speciality Chemicals IPO – *GMP Estimated*
GMP 180 +/- 2
Kostak 450 +/- 25

Chemcon ipo set his price 338 to 340. which pl note

Corrected. Thx for your kind feedback. This was changed at last minute.

Chemcon IPO Fix his price 338 to 340 Not 300 rs pl note

Chemcon Speciality Chemicals IPO – Schedule *(Page 294 of the RHP)*

16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading


Chemcon Speciality Chemicals IPO – Issue Information *(Tentative)*

Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 98,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.295 – Rs.300 per Share *(Tentative)*
Discount: NIL
Market Lot: 50 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 3,17,77,760 Shares
Fresh Issue of 55,00,000 Shares @300/- = Rs.165.00Crs
Offer for Sale of 43,00,000 Shares @300/- = Rs.129.00Crs
Equity Shares outstanding after the Issue = 3,72,77,760 Shares

Category-wise Break up:
Anchor – 29,40,000 Shares = 88.20Crs
QIB – 19,60,000 Shares = 58.80Crs
NII – 14,70,000 Shares = 44.10Crs
RII – 34,30,000 Shares = 102.90Crs (Lot size: 50 = 68,600 Forms)
Total Issue – 98,00,000 Shares = 294.00Crs.

Subscription required for 1X
RII = 68,600 Forms
NII = 44.10 Crs


Chemcon Speciality Chemicals IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.00.89 (Page #82 of DRHP)
EPS for FY17-18 >>> Rs.08.30 (Page #86 of RHP)
EPS for FY18-19 >>> Rs.13.54 (Page #86 of RHP)
EPS for FY19-20 >>> Rs.15.37 (Page #86 of RHP)

RoNW for FY16-17 >>> 10.44% (Page #83 of DRHP)
RoNW for FY17-18 >>> 49.20% (Page #87 of RHP)
RoNW for FY18-19 >>> 44.94% (Page #87 of RHP)
RoNW for FY19-20 >>> 49.20% (Page #87 of RHP)

NAV as on March 31, 2020 was Rs.44.91 (Page #87 of RHP)

Listed Industry Peer Group (Page #84 of DRHP): Aarti Industries, Vinati Organics, Sudarshan Chemical Industries, Atul, Paushak, Fine Organic Industries, Neogen Chemicals

 
Chemcon Speciality Chemicals IPO – *Market’s Current Estimates of oversubscription*:

RII = 10.00L Forms = 14.58X Applic. wise (Avg allotment of ~3.43 shares per lot)
NII = 10K Crs. = ~226.76X

Interest cost *@7.50%p.a.* for 7days = 43.15paise for 1X

Thus, for NII the costing = 226.76 X 43.15paise = Rs.97.85 per share (= GMP)

And, for RII the costing = 3.43 X 97.85 = Rs.336/- (= Kostak)


Chemcon Speciality Chemicals IPO – *GMP Estimated*
GMP 100 +/- 2
Kostak 325 +/- 25

Offer for sale is 4,500,000 Equity shares

Lovely ... i always wonder , your estimates are so precise . Keep sharing its of great help . Thanks alot

Does this share will list in trade to trade segment?

Chemcon Speciality Chemicals IPO – Schedule *(Page 294 of the RHP)*

16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading


Chemcon Speciality Chemicals IPO – Issue Information *(Tentative)*

Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 98,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.295 – Rs.300 per Share *(Tentative)*
Discount: NIL
Market Lot: 50 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 3,17,77,760 Shares
Fresh Issue of 55,00,000 Shares @300/- = Rs.165.00Crs
Offer for Sale of 43,00,000 Shares @300/- = Rs.129.00Crs
Equity Shares outstanding after the Issue = 3,72,77,760 Shares

Category-wise Break up:
Anchor – 29,40,000 Shares = 88.20Crs
QIB – 19,60,000 Shares = 58.80Crs
NII – 14,70,000 Shares = 44.10Crs
RII – 34,30,000 Shares = 102.90Crs (Lot size: 50 = 68,600 Forms)
Total Issue – 98,00,000 Shares = 294.00Crs.

Subscription required for 1X
RII = 68,600 Forms
NII = 44.10 Crs


Chemcon Speciality Chemicals IPO – Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.00.89 (Page #82 of DRHP)
EPS for FY17-18 >>> Rs.08.30 (Page #86 of RHP)
EPS for FY18-19 >>> Rs.13.54 (Page #86 of RHP)
EPS for FY19-20 >>> Rs.15.37 (Page #86 of RHP)

RoNW for FY16-17 >>> 10.44% (Page #83 of DRHP)
RoNW for FY17-18 >>> 49.20% (Page #87 of RHP)
RoNW for FY18-19 >>> 44.94% (Page #87 of RHP)
RoNW for FY19-20 >>> 49.20% (Page #87 of RHP)

NAV as on March 31, 2020 was Rs.44.91 (Page #87 of RHP)

Listed Industry Peer Group (Page #84 of DRHP): Aarti Industries, Vinati Organics, Sudarshan Chemical Industries, Atul, Paushak, Fine Organic Industries, Neogen Chemicals

 
Chemcon Speciality Chemicals IPO – *Market’s Current Estimates of oversubscription*:

RII = 12.00L Forms = 17.49X Applic. wise (Avg allotment of ~2.86 shares per lot)
NII = 15K Crs. = ~340.14X

Interest cost *@8.00%p.a.* for 7days = 46.03paise for 1X

Thus, for NII the costing = 340.14 X 46.03paise = Rs.156.56 per share (= GMP)

And, for RII the costing = 2.86 X 156.56 = Rs.447/- (= Kostak)


Chemcon Speciality Chemicals IPO – *GMP Estimated*
GMP 190 +/- 2
Kostak 525 +/- 25

Dear Admin
Fresh Issue      5,500,000
Offer for Sale      4,500,000
===================
Issue Size      10,000,000

While in whole page written Issue Size: 98,00,000 that is incorrect as simple maths calculation

I will apply with full force.....

koshtak 375

Chemical IPO
GMP 205 +/- 2
Kostak 575 +/- 25