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 DateSep 21, 2020 - Sep 23, 2020
Issue TypeBook Built Issue IPO
Issue Size9,352,940 Eq Shares of ₹10
(aggregating up to ₹318.00 Cr)
Fresh Issue4,852,940 Eq Shares of ₹10
(aggregating up to ₹165.00 Cr)
Offer for Sale4,500,000 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 Lot44 Shares
Min Order Quantity44 Shares
Listing AtBSE, NSE

Chemcon IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 21, 2020
Bid/Offer Closes OnSep 23, 2020
Finalisation of Basis of AllotmentSep 28, 2020
Initiation of RefundsSep 29, 2020
Credit of Shares to Demat AcctSep 30, 2020
IPO Shares Listing DateOct 1, 2020

Chemcon IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum144₹14,960
Maximum13572₹194,480

Chemcon IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding74.47%

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)

Chemcon IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,868,344

1,407,249

3,283,580

6,559,173

Sep 21, 2020 14:39

0.00x

0.94x

6.36x

3.38x

Chemcon IPO Prospectus

Chemcon IPO Rating

1099
4.2
Rating:Rated 4.2 stars

Vote Here ...

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 FAQs

  1. 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.

  2. 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.

  3. When Chemcon IPO will open?

    The Chemcon IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.

  4. What is the lot size of Chemcon IPO?

    Chemcon IPO lot size is 44 Shares and the minimum order quantity is 44 Shares.

  5. 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.

  6. 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.

  7. When is Chemcon IPO listing date?

    The Chemcon IPO listing date is not yet announced. The tentative date of Chemcon IPO listing is Oct 1, 2020.

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Chemcon IPO Review / Comments

ashishcbs
118. ashishcbs  Sep 21, 2020 14:42 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Is it beneficial to apply for more than 1 lot (44 shares)?
Eagleye
117. Eagleye  Sep 21, 2020 14:14 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (5200+ Posts, 18100+ Likes)

Chemcon IPO

*MUST MUST MUST* apply

Please submit all retail applications ASAP

don’t sell in Kostak
Keep 100% open
AhireR
117.1. AhireR  Sep 21, 2020 14:33 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
Eagleeye ne bol diya matlab khallas....🤗
Virat Kohli
117.2. Virat Kohli  Sep 21, 2020 14:42 I Like It. | I Don't Like It. | Report Abuse
Both *must* apply only .........here Keep 100% open.......... in CAMS 0% open ...........
kuch samaagh mein nahi aaaya
Kumar Divyanshu
116. Kumar Divyanshu  Sep 21, 2020 14:08 I Like It. | I Don't Like It. 1 | Report Abuse Reply
Status showing rejected by sponsor bank in zerodha but amount has been blocked through upi payment
SidSharma
116.1. SidSharma  Sep 21, 2020 14:26 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Same for mine also, could someone suggest regarding this issue?
Shiv khurana
115. Shiv khurana  Sep 21, 2020 09:55 I Like It. | I Don't Like It. | Report Abuse Reply
Apply in both tissue. Bonus issue colgate L&T TCS cadila hyde's wellness Godrej consumer likely candidate
No name left
115.1. No name left  Sep 21, 2020 14:25 I Like It. | I Don't Like It. | Report Abuse
Mr.Khurana any idea about record date / any estimated schedule for TCS bounus ?? pls reply
ManoharP
114. ManoharP  Sep 21, 2020 13:24 I Like It. 1 | I Don't Like It. | Report Abuse Reply
New Member New Member
Hi everyone..
I have applied 1 lot through Zerodha account with HDFC bank UPI.
from the bank my amount is blocked. i mean i had received mandate option and i have submit the same from Google Pay.
my amount is blocked and if i checked in Zerodha application, status is displayed as amount blocked 0.00 and status is "request pending"...
but i have received the application Number...
so what does it mean????? anything is missing from my end or it will take time to reflect in the Zerodha application..... please help me I am new to this forum..
ManoharP
114.3. ManoharP  Sep 21, 2020 13:45 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Lekkar sir waiting for your valuable reply for my concern...…
Kauishbh
114.4. Kauishbh  Sep 21, 2020 14:00 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Hello Manoharp

Even I'm getting the same message in zerodha. There is no live status update for UPI so it could take a day to update status. As amount is already blocked, we can consider that application is submitted successfully
RajBreaks
113. RajBreaks  Sep 21, 2020 11:56 I Like It. | I Don't Like It. | Report Abuse Reply
Hi..

Anybody Is Able To Apply for Chemcon or CAMS from "Union Bank of India" As Online ASBA?
These 2 IPO's Not Visible In Union Bank of India Net Banking.
jstm
113.2. jstm  Sep 21, 2020 12:41 I Like It. | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Try tomorrow or apply offline if you want to apply today itself.It usually takes 1 day for updation of system/software.
Purity
113.3. Purity  Sep 21, 2020 13:49 I Like It. | I Don't Like It. | Report Abuse
Available in Union Bank Netbanking.

Check it and Apply
harit
112. harit  Sep 21, 2020 13:45 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 2500+ Likes)
7 applications with different pan bidding today in both IPOs
NforNandkishor
111. NforNandkishor  Sep 21, 2020 13:08 I Like It. | I Don't Like It. | Report Abuse Reply
Comparison between recent IPOs based on issue size and subscription figure. (Revised)
###############################################
HMT Issue size -------------> 600 Cr
ROUTE Issue size -----------> 600 Cr
CAMS Issue size ------------> 2244 Cr
CHEMCON Issue ize ---------> 318 Cr
ANGEL Issue ize ----------> 600 Cr

HMT Retail portion size -------------> 70 Cr
ROUTE Retail portion size ---------> 210 Cr
CAMS Retail portion size -----------> 777 Cr
CHEMCON Retail portion size ----> 111 Cr
ANGEL Retail portion size ----> 210 Cr

HMT Reserved Applications for Retail Quota -------------> 46,958 Forms
ROUTE Reserved Applications for Retail Quota --------> 1,48,368 Forms
CAMS Reserved Applications for Retail Quota -----------> 5,26,870 Forms
CHEMCON Reserved Applications for Retail Quota -----> 74,398 Forms
ANGEL Reserved Applications for Retail Quota -----> 1,40,056 Forms

HMT Retail Applications Count -------------> 22 Lakhs Forms
ROUTE Retail Applications Count --------> 15.2 Lakhs Forms
CAMS Retail Applications Count -----------> 24 Lakhs Forms (Tentative)
CHEMCON Retail Applications Count -----> 25 Lakhs Forms (Tentative)
ANGEL Retail Applications Count -----> 9 Lakhs Forms (Tentative)

HMT Times(X) Retail Applications ---------> 46.85 X
ROUTE Times(X) Retail Applications -----> 10.11 X
CAMS Times(X) Retail Applications --------> 4.56 X (Tentative)
CHEMCON Times(X) Retail Applications --> 33.60 X (Tentative)
ANGEL Times(X) Retail Applications --> 6.43 X (Tentative)
jstm
110. jstm  Sep 21, 2020 12:39 I Like It. 2 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Approximately
Same Issue Price &
Same GMP.
GMP will further be raised upto nearly 300 by the time of listing day.
I think the history of Route Mobile episode will repeat again in this IPO also.
Apply with full force w/o any doubt.Allotment is going to be very very tough.Good luck for allotment.

Anjali meghani
109. Anjali meghani  Sep 21, 2020 11:44 I Like It. | I Don't Like It. | Report Abuse Reply
Applying through angel broking app
Showing an error 'invalid request parameter ' what should i do noe
investormahesh
109.1. investormahesh  Sep 21, 2020 12:27 I Like It. | I Don't Like It. | Report Abuse
Have you spoken to angel broking executive? If problem persists u have option to apply through your bank asba
jstm
109.2. jstm  Sep 21, 2020 12:27 I Like It. 3 | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
They are playing foul game so the desperate applicants can apply in their issue tomorrow.Try from your ASBA bank.It's the best way to apply any IPO.All the best for allotment.
Eagleye
108. Eagleye  Sep 20, 2020 17:05 I Like It. 6 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (5200+ Posts, 18100+ Likes)
Chemical IPO
GMP 267 +/- 1
Kostak 550 +/- 25
Ayush Kedia
108.3. Ayush Kedia  Sep 21, 2020 00:30 I Like It. | I Don't Like It. | Report Abuse
Hey @Aditya
GMP stands for Grey Market Premium - it is the premium at which shares are traded offline
Kostak basically means your application - there are people who will pay you for purchasing your application - Then if you are alotted - whatever would be the profit/loss would be theirs.
Hope this helps.
srabha
108.4. srabha  Sep 21, 2020 12:08 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
@Ayush how to connect with people who purchase application?
NforNandkishor
107. NforNandkishor  Sep 21, 2020 11:03 I Like It. | I Don't Like It. | Report Abuse Reply
chemcon retail already oversubscribed 1.3X application wise(97 K applications till 11:00 AM)

whereas

CAMS Retail subscribed 18% application wise (95k application till 11.00AM)
IPO VISHESH
106. IPO VISHESH  Sep 21, 2020 09:55 I Like It. | I Don't Like It. | Report Abuse Reply
Promoters ke oopar cases hain, woh maamla kya hai ?
saurabh bhola
105. saurabh bhola  Sep 21, 2020 09:45 I Like It. | I Don't Like It. | Report Abuse Reply
When it will open
RCBOOK
105.1. RCBOOK  Sep 21, 2020 09:47 I Like It. | I Don't Like It. | Report Abuse
10
RaviKumar Gudapati
104. RaviKumar Gudapati  Sep 21, 2020 09:41 I Like It. | I Don't Like It. | Report Abuse Reply
Hello Everyone,

Please explain about this public issue after reading the following news. Link is provided below.

https://realtime.rediff.com/news/business/Investors-may-wait-for-clear-business-trends-in-Chemcon/8e58c3e0fd01b830

Thanks and Regards

Ravi Kumar Gudapati
bharat gandhi
103. bharat gandhi  Sep 21, 2020 09:25 I Like It. | I Don't Like It. | Report Abuse Reply
dont waste time researching for this one also. apply min in max no of accounts.
sampa
102. sampa  Sep 21, 2020 06:20 I Like It. | I Don't Like It. | Report Abuse Reply
Hai, For opening new demat account in Minor category for exclusive IPO purpouse which online demat account is best, in terms of service and annual fee wise.,please guide.
Common man view
101. Common man view  Sep 19, 2020 10:13 I Like It. 8 | I Don't Like It. | Report Abuse Reply
Yes definately...
We are missing gamble & septa but still...
ANIKETIAF...R R & UCHIT, HARIT ,sonal patel have fulfilled their vacancy...EAGLEEYE is always with us with their expert view....thanks chittorgarh team for serving us since long....
God is Great
101.1. God is Great  Sep 19, 2020 14:04 I Like It. 1 | I Don't Like It. | Report Abuse
Septa sir & gamble sir change their name???
SHANI
101.2. SHANI  Sep 21, 2020 00:27 I Like It. 4 | I Don't Like It. | Report Abuse
Dear Admin. If you have contact information of septa sir and gamble sir please contact them and ask to provide their view. It will help
Rajas
100. Rajas  Sep 20, 2020 13:44 I Like It. | I Don't Like It. | Report Abuse Reply
Anyone using pnb NetBanking? Is pnb allow for applying ipo of third party? If yes,then how can we save data of third party?
NAND KISHORE PARWAL
100.1. NAND KISHORE PARWAL  Sep 20, 2020 14:18 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
You can't save the data. You have to fill manually all details.
BubbleBoy
100.2. BubbleBoy  Sep 20, 2020 22:00 I Like It. | I Don't Like It. | Report Abuse
YES , pnb allows 5 apps in ASBA NET BANKING. You have to fill in Name, Pan, Broker Name, CDSL/NSDL and Demat acc number every time you fill ipo application, subject to max 5 apps per Net banking.
Varun behl
99. Varun behl  Sep 20, 2020 21:23 I Like It. | I Don't Like It. | Report Abuse Reply
I have a small question. Should we apply for a minimum lot or the maximum lot in the retail category, to improve, our chances of allotment???
BubbleBoy
99.1. BubbleBoy  Sep 20, 2020 21:58 I Like It. | I Don't Like It. | Report Abuse
1 lot







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