Chemcon Speciality Chemicals Limited IPO (Chemcon IPO) Detail

Sep 21, 2020 - Sep 23, 2020

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.

Company Promoters:

KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ 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

Objects of the Issue:

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.

Chemcon IPO Details

IPO Date	Sep 21, 2020 - Sep 23, 2020
Issue Type	Book Built Issue IPO
Issue Size	9,352,940 Eq Shares of ₹10 (aggregating up to ₹318.00 Cr)
Fresh Issue	4,852,940 Eq Shares of ₹10 (aggregating up to ₹165.00 Cr)
Offer for Sale	4,500,000 Eq Shares of ₹10 (aggregating up to ₹153.00 Cr)
Face Value	₹10 per equity share
IPO Price	₹338 to ₹340 per equity share
Market Lot	44 Shares
Min Order Quantity	44 Shares
Listing At	BSE, NSE

Chemcon IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 21, 2020
Bid/Offer Closes On	Sep 23, 2020
Finalisation of Basis of Allotment	Sep 28, 2020
Initiation of Refunds	Sep 29, 2020
Credit of Shares to Demat Acct	Sep 30, 2020
IPO Shares Listing Date	Oct 1, 2020

Chemcon IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	44	₹14,960
Maximum	13	572	₹194,480

Chemcon IPO Promoter Holding

Pre Issue Share Holding	100%
Post Issue Share Holding	74.47%

Chemcon IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

QIBs: 50%
Non-Institutional Investors: 15%
Retail Individual Investors: 35%

Chemcon IPO Subscription Status (Bidding Detail)

Date	QIB	NII	RII	Total
Sep 23, 2020 18:48	113.54x	449.14x	41.15x	149.30x

Chemcon IPO Prospectus

› Chemcon IPO DRHP
› Chemcon IPO RHP

Chemcon IPO Rating

2008

4.2

Rating:

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Chemcon IPO Listing Date

Listing Date	Thursday, October 1, 2020
BSE Script Code	543233
NSE Symbol	CHEMCON
Listing In	B
ISIN	INE03YM01018
IPO Price	₹340 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹340.00
₹730.95
₹584.80
₹743.80
₹584.80
1,944,906

NSE
₹340.00
₹731.00
₹584.80
₹731.25
₹584.80
15,779,162

Chemcon IPO Reviews / Ratings

Company Contact Information

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/

Chemcon IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: chemcon.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Chemcon IPO Lead Manager(s)

Lead Manager Reports

Chemcon IPO FAQs

What is Chemcon IPO?

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 equity 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.
How to apply in Chemcon IPO through Zerodha?
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
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the 'Chemcon IPO' row and click the 'Bid' button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Chemcon IPO will open?

The Chemcon IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.
What is the lot size of Chemcon IPO?

Chemcon IPO lot size is 44 Shares and the minimum order quantity is 44 Shares.
How to apply for Chemcon IPO?

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Chemcon IPO allotment?

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.
When is Chemcon IPO listing date?

The Chemcon IPO listing date is on Thursday, October 1, 2020.