Chemcel Bio-tech Limited IPO (Chemcel Biotech IPO) Detail

Sep 9, 2008 - Sep 12, 2008

Incorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing of Agro Chemicals. Company’s main products are in three forms i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.

They have 34 products in their product portfolio which consists of different kind of insecticides. Chemcel Biotech manufacture various formulations comprising of liquids, granules and powder formulations. Company's products are available in various sizes of packaging catering to the needs of small, marginal and large farmers. Compant's product range covers most of the crops and majority of plant infections. They provide end to end plant protection solutions to farmers through their distributors.

They have certificate of registrations for 34 formulations. Company's largest selling formulations are CHEMCEL HEXA; COUNTER; COSY; CELPHATE”. Company has set up production unit at Kanuru, Vijayawada, Andhra Pradesh for production of a wide range of pesticides. which is very close to rice belts of Krishna & Godavari districts, and commercial belts of Guntur and Khammam.

Company Financials

ParticularsFor the year/period ended (Rs. in Lacs)
  Total Income61.172347.662180.081223.811337.96
  Profit After Tax (PAT)10.3793.6275.6818.398.41

Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To set up Bio-Diesel manufacturing unit;
2. To meet the additional Working Capital requirement on account of increased operations for the Agrochemical & Bio Fertilizer division;
3. To repay short term loan of Rs 120.00 Lakhs availed from Union Bank of India for meeting the project expenses;
4. To partially repay the working capital loan facility availed from Union Bank of India;
5. To meet the public issue expenses;
6. To achieve the benefits of listing our Company’s shares on Bombay Stock Exchange Limited (BSE).

Chemcel Biotech IPO Details

Chemcel Biotech IPO Date Sep 9, 2008 to Sep 12, 2008
Chemcel Biotech IPO Face Value ₹10 per share
Chemcel Biotech IPO Price ₹16 per share
Chemcel Biotech IPO Lot Size
Issue Size15,400,000 shares of ₹10
(aggregating up to ₹24.64 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE

Chemcel Biotech IPO Prospectus

Chemcel Biotech IPO Rating

Rating:Rated 3.9 stars
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Chemcel Biotech IPO Listing Date

Listing Date Monday, October 13, 2008
BSE Script Code 533026
NSE Symbol
Listing In B Group of Securities
ISIN INE213J01012
IPO Price ₹16 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Chemcel Bio-tech Limited
16-130/12, JRD Tata Industrial Estate,
Auto Nagar, Kanuru,
Vijayawada, AP 520007
Phone: + 91-0866-2540355

Chemcel Biotech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Chemcel Biotech IPO Review

Chemcel Biotech IPO Recommendation Summary

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IPO Broker Recommendations

  • Anand Rathi - Avoid
  • Hem Securities - Avoid
  • SPA Financial Advisor Ltd - Avoid

Chemcel Biotech IPO FAQs

Chemcel Biotech IPO is a main-board IPO of 15,400,000 equity shares of the face value of ₹10 aggregating up to ₹24.64 Crores. The issue is priced at ₹16 per share. The minimum order quantity is .

The IPO opens on Sep 9, 2008, and closes on Sep 12, 2008.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Chemcel Biotech IPO opens on Sep 9, 2008 and closes on Sep 12, 2008.

Chemcel Biotech IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Chemcel Biotech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Chemcel Biotech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Chemcel Biotech IPO allotment status.

The Chemcel Biotech IPO listing date is on Monday, October 13, 2008.
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Chemcel Biotech IPO Message Board

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84. lodhamahavir |   Link |Oct 22, 2008 12:04:18 PM
i have not reccived my refund.application no 1847259..i have only reccived that amount hasbeen sended through ecs. but not credited in my accont. pls let me know.
83. SANJAYKAVI |   Link |Oct 20, 2008 11:59:26 AM
hai,I have not received refund amount credited to my a/c please any body can tell what to others ? what to do for the same ? pl help me ?
82. rama |   Link |Oct 17, 2008 4:29:35 PM
Sell this stock ofr whatever price and buy some god stocks like sbi/bhel/ntpc etc
81. Siraj |   Link |Oct 14, 2008 7:10:39 AM
Surprising how the operator is benefited by taking allotment at Rs.16/- & taking the price down to Rs.5/-.Also the trading volume is unusually high with almost 50lacs shares marked for delivery at such huge loss.SEBI should look for circular trading & manipulation in this stock immediately.
80. niraj |   Link |Oct 13, 2008 5:17:32 PM
i sold at 13rs n got back at 5rs
so i think smartness is required if u want to earn even in this market
79. shyam |   Link |Oct 13, 2008 3:54:09 PM
Those who applied for this IPO burnt fingers.It will surely touch Rs 4 in coming days
78. Munna |   Link |Oct 12, 2008 4:13:59 PM
shud least around 15 and go up to 10 bu afternoon....First move your own shares and short sell to make up the loss.Cheers
77. bangalore |   Link |Oct 12, 2008 3:20:25 PM
In this market condition it will surely list @ 10/- So start selling at the list price and reduce the loss. enjoy....
76. sahil |   Link |Oct 12, 2008 11:41:04 AM
Chemcel Biotech Limited ipo listing on 13/10/08
it listing DISCOUNT sure 100% report Rs 12.50
75. Bramesh |   Link |Oct 10, 2008 8:24:18 PM
Chemcel Biotech having issued shares at Rs.16 is listing on BSE on Monday. Entire public float of 68% is lying with operator and hence may witness momentum. Share is not even worth at Rs.8 But mometum can take it to higher levls and around 25 can not be ruled out
74. shyam |   Link |Oct 10, 2008 6:46:19 PM
Sure shot listing will be @RS10
73. mukesh |   Link |Oct 9, 2008 12:55:48 AM
listing on monday 13th oct
expect a horrible listing friends
might see straightaway 50% cut in 5 minutes of listing
share will be available for 4-5 rupees after 2-3 days of listing
guys we have made a big mistake by applying to this issue
i will never apply to any ipo after seeing 20 microns listing
72. KLN |   Link |Oct 8, 2008 3:35:48 PM
It will list on 13th October in BSE. The price shoot up to 40/- or 50/- the first day it self.
71. YC |   Link |Oct 7, 2008 6:25:27 PM
70. mukesh |   Link |Oct 7, 2008 1:17:23 AM
in current market conditions it will list at 12 & fall to 8
69. vishy |   Link |Oct 6, 2008 8:41:24 PM
Dear mukesh

As per the information from reliable website sources, this ipo has been subscribed 1.8 times overall (dont know how much in retail..??)

68. VISHY |   Link |Oct 6, 2008 8:38:29 PM
Dear mukesh

Subscription details of fixed price ipo is not known before allotment. If it's a book building issue, then it is posible to know the subscription details day by day.



64. mukesh ( 10/5/2008 2:53:55 PM IST Report Spam! shows subscription details of every ipo but subscription detail is not available of chemcel biotech . how to know subscription level in retail category. no website is showing subscription detail about chemcel biotech. i have applied for 350 shares and got 350 shares. is there anyone whose application is rejected due to oversubscription. i fear on listing date share price might go below 10 or else it will touch 30 .
67. yj |   Link |Oct 6, 2008 5:50:02 PM
d'ont painc chemcell will list at 16+ rs.
66. MARVADI |   Link |Oct 5, 2008 9:47:58 PM
65. Pranjal |   Link |Oct 5, 2008 4:11:57 PM
Lisiting on 10 th OCt, Listing price around 16, but within minutes shall go under 12 rs. By close excpect 8-10 rs price. Loss guaranteed !