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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.
| IPO Date | Sep 21, 2020 to Sep 23, 2020 |
| Listing Date | Thursday, October 1, 2020 |
| Face Value | ₹10 per share |
| Price | ₹338 to ₹340 per share |
| Lot Size | 44 Shares |
| Issue Size | 9,352,940 shares of ₹10 (aggregating up to ₹318.00 Cr) |
| Fresh Issue | 4,852,940 shares of ₹10 (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 |
| Company Promoters | KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company. |
Chemcon IPO opens on Sep 21, 2020, and closes on Sep 23, 2020. The Chemcon IPO bid date is from Sep 21, 2020 10.00 A.M. to Sep 23, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Sep 21, 2020 |
| Closing Date | Sep 23, 2020 |
| Basis of Allotment | Sep 28, 2020 |
| Initiation of Refunds | Sep 29, 2020 |
| Credit of Shares to Demat | Sep 30, 2020 |
| Listing Date | Oct 1, 2020 |
The Chemcon IPO lot size is 44 shares. A retail-individual investor can apply for up to 13 lots (572 shares or ₹194,480).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,960 |
| Retail (Max) | 13 | 572 | ₹194,480 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 74.47% |
The Percentage of Offer Size available for Allotment/allocation:
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 Sep 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 |
| Listing Date | Thursday, October 1, 2020 |
| BSE Script Code | 543233 |
| NSE Symbol | CHEMCON |
| Listing In | B Group of Securities |
| ISIN | INE03YM01018 |
| IPO Price | ₹340 per share |
| Face Value | ₹10 per share |
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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/
IPO Broker Recommendations
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 Sep 21, 2020, and closes on Sep 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 Sep 21, 2020 and closes on Sep 23, 2020.
Chemcon IPO lot size is 44 Shares and the minimum order quantity is .
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 Sep 28, 2020, and the allotted shares will be credited to your demat account by Sep 30, 2020. Check the Chemcon IPO allotment status.
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MS ASSOCIATE| Link |Nov 1, 2020 5:10:46 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