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Chemcon IPO is a book built issue of Rs 318.00 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to Rs 165.00 crores and offer for sale of 0.45 crore shares aggregating to Rs 153.00 crores.
Chemcon IPO bidding started from September 21, 2020 and ended on September 23, 2020. The allotment for Chemcon IPO was finalized on Monday, September 28, 2020. The shares got listed on BSE, NSE on October 1, 2020.
Chemcon IPO price band is set at ₹338 to ₹340 per share. The minimum lot size for an application is 44 Shares. The minimum amount of investment required by retail investors is ₹14,960.
Ambit Private Limited and Intensive Fiscal Services Private Limited are the book running lead managers of the Chemcon IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Chemcon IPO RHP for detailed information.
| IPO Date | September 21, 2020 to September 23, 2020 |
| Listing Date | October 1, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹338 to ₹340 per share |
| Lot Size | 44 Shares |
| Total Issue Size | 9,352,940 shares (aggregating up to ₹318.00 Cr) |
| Fresh Issue | 4,852,940 shares (aggregating up to ₹165.00 Cr) |
| Offer for Sale | 4,500,000 shares of ₹10 (aggregating up to ₹153.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Chemcon IPO offers 6,559,173 shares. 1,868,344 (28.48%) to QIB, 1,407,249 (21.45%) to NII, 3,283,580 (50.06%) to RII. 74,626 RIIs will receive minimum 44 shares and (sNII) and (bNII) will receive minimum 616 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,868,344 (28.48%) | NA |
| NII (HNI) Shares Offered | 1,407,249 (21.45%) | |
| Retail Shares Offered | 3,283,580 (50.06%) | 74,626 |
| Total Shares Offered | 6,559,173 (100%) |
Chemcon IPO opens on September 21, 2020, and closes on September 23, 2020.
| IPO Open Date | Monday, September 21, 2020 |
| IPO Close Date | Wednesday, September 23, 2020 |
| Basis of Allotment | Monday, September 28, 2020 |
| Initiation of Refunds | Tuesday, September 29, 2020 |
| Credit of Shares to Demat | Wednesday, September 30, 2020 |
| Listing Date | Thursday, October 1, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2020 |
Investors can bid for a minimum of 44 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,960 |
| Retail (Max) | 13 | 572 | ₹194,480 |
| Lot Size Calculator | |||
KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 74.47% |
Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC. Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemicals contract manufacturing work.
Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business. However, Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.
Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan. It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.
Competitive strengths
� Largest manufacturer of pharmaceutical chemicals across the globe.
� Leading oilfield chemicals manufacturer in India.
� Diversified clientele base in the domestic and global markets.
� Strong and consistent financial performance.
� Dedicated manufacturing plants for each product.
| Particulars | For the year/period ended (Rs in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,257.92 | 1,730.33 | 970.66 | 626.80 | |
| Total Revenue | 2,660.17 | 3,053.26 | 1,583.91 | 899.96 | |
| Profit After Tax | 488.53 | 430.41 | 263.81 | 28.24 | |
Firm purposes to utilize the net proceeds from the IPO towards below objectives;
� To meet capital expenditures for expansion of manufacturing facility.
� To meet business working capital requirements.
� To meet general corporate purposes.
[Dilip Davda] CSCL has posted steady growth in its bottom line despite all odds. It is adding new capacities of 67% which will be operations by the first quarter of CY2022. Many of its products have lion market share. Issue pricing appears reasonable. Investors may consider investment for the medium to long term. Read detail review...
The Chemcon IPO is subscribed 149.30 times on September 23, 2020 6:48:04 PM. The public issue subscribed 41.15 times in the retail category, 113.54 times in the QIB category, and 449.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 2322095 times
| Category | Subscription (times) |
|---|---|
| QIB | 113.54 |
| NII | 449.14 |
| Retail | 41.15 |
| Total | 149.30 |
The Percentage of Offer Size available for Allotment/allocation:
| Listing Date | October 1, 2020 |
| BSE Script Code | 543233 |
| NSE Symbol | CHEMCON |
| ISIN | INE03YM01018 |
| Final Issue Price | ₹340 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹340.00 |
| ₹730.95 |
| ₹584.80 |
| ₹743.80 |
| ₹584.80 |
| NSE |
|---|
| ₹340.00 |
| ₹731.00 |
| ₹584.80 |
| ₹731.25 |
| ₹584.80 |
Chemcon Speciality Chemicals Limited
Block Number 355, Manjusar Kunpad Road
Manjusar Village, Taluka Savli
Vadodara 391775
Phone: 91 98795 64107
Email: investor.relations@cscpl.com
Website: http://www.cscpl.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: chemcon.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Chemcon IPO is a main-board IPO of 9,352,940 equity shares of the face value of ₹10 aggregating up to ₹318.00 Crores. The issue is priced at ₹338 to ₹340 per share. The minimum order quantity is 44 Shares.
The IPO opens on September 21, 2020, and closes on September 23, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Chemcon IPO using UPI as a payment gateway. Zerodha customers can apply in Chemcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemcon IPO opens on September 21, 2020 and closes on September 23, 2020.
Chemcon IPO lot size is 44 Shares, and the minimum amount required is ₹14,960.
You can apply in Chemcon 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chemcon IPO will be done on Monday, September 28, 2020, and the allotted shares will be credited to your demat account by Wednesday, September 30, 2020. Check the Chemcon IPO allotment status.
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MS ASSOCIATE| Link | Bookmark |November 1, 2020 4:10:46 PMFinancial Result Day announced-
Meeting of the Board of
Directors of the Company will be held on Friday, 06th November, 2020 inter alia,
to consider, approve and take on record the unaudited financial results of the
Company for the quarter and half year ended 30th September,2020