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)

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 DRHP
› Chemcon IPO RHP

Chemcon IPO Rating

1099

4.2

Rating:

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

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Find Chemcon IPO Latest Update

Useful Articles

Chemcon IPO Review / Comments

118. ashishcbs Sep 21, 2020 14:42

New Member

Is it beneficial to apply for more than 1 lot (44 shares)?

117. Eagleye Sep 21, 2020 14:14

3 |

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

117.1. AhireR Sep 21, 2020 14:33

Top Contributor (400+ Posts, 600+ Likes)

Eagleeye ne bol diya matlab khallas....🤗

117.2. Virat Kohli Sep 21, 2020 14:42

Both *must* apply only .........here Keep 100% open.......... in CAMS 0% open ...........
kuch samaagh mein nahi aaaya

116. Kumar Divyanshu Sep 21, 2020 14:08

1 |

Status showing rejected by sponsor bank in zerodha but amount has been blocked through upi payment

116.1. SidSharma Sep 21, 2020 14:26

New Member

Same for mine also, could someone suggest regarding this issue?

115. Shiv khurana Sep 21, 2020 09:55

Apply in both tissue. Bonus issue colgate L&T TCS cadila hyde's wellness Godrej consumer likely candidate

115.1. No name left Sep 21, 2020 14:25

Mr.Khurana any idea about record date / any estimated schedule for TCS bounus ?? pls reply

114. ManoharP Sep 21, 2020 13:24

1 |

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..

Load more comments (2 replies)

114.3. ManoharP Sep 21, 2020 13:45

New Member

Lekkar sir waiting for your valuable reply for my concern...…

114.4. Kauishbh Sep 21, 2020 14:00

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

113. RajBreaks Sep 21, 2020 11:56

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.

Load more comments (1 replies)

113.2. jstm Sep 21, 2020 12:41

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.

113.3. Purity Sep 21, 2020 13:49

Available in Union Bank Netbanking.

Check it and Apply

112. harit Sep 21, 2020 13:45

IPO Guru (1500+ Posts, 2500+ Likes)

7 applications with different pan bidding today in both IPOs

111. NforNandkishor Sep 21, 2020 13:08

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)

110. jstm Sep 21, 2020 12:39

2 |

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.

109. Anjali meghani Sep 21, 2020 11:44

Applying through angel broking app
Showing an error 'invalid request parameter ' what should i do noe

109.1. investormahesh Sep 21, 2020 12:27

Have you spoken to angel broking executive? If problem persists u have option to apply through your bank asba

109.2. jstm Sep 21, 2020 12:27

3 |

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.

108. Eagleye Sep 20, 2020 17:05

6 |

IPO Guru (5200+ Posts, 18100+ Likes)

Chemical IPO
GMP 267 +/- 1
Kostak 550 +/- 25

Load more comments (2 replies)

108.3. Ayush Kedia Sep 21, 2020 00:30

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.

108.4. srabha Sep 21, 2020 12:08

New Member

@Ayush how to connect with people who purchase application?

107. NforNandkishor Sep 21, 2020 11:03

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)

106. IPO VISHESH Sep 21, 2020 09:55

Promoters ke oopar cases hain, woh maamla kya hai ?

105. saurabh bhola Sep 21, 2020 09:45

When it will open

105.1. RCBOOK Sep 21, 2020 09:47

104. RaviKumar Gudapati Sep 21, 2020 09:41

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

103. bharat gandhi Sep 21, 2020 09:25

dont waste time researching for this one also. apply min in max no of accounts.

102. sampa Sep 21, 2020 06:20

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.

101. Common man view Sep 19, 2020 10:13

8 |

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....

101.1. God is Great Sep 19, 2020 14:04

1 |

Septa sir & gamble sir change their name???

101.2. SHANI Sep 21, 2020 00:27

4 |

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

100. Rajas Sep 20, 2020 13:44

Anyone using pnb NetBanking? Is pnb allow for applying ipo of third party? If yes,then how can we save data of third party?

100.1. NAND KISHORE PARWAL Sep 20, 2020 14:18

Top Contributor (200+ Posts)

You can't save the data. You have to fill manually all details.

100.2. BubbleBoy Sep 20, 2020 22:00

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.

99. Varun behl Sep 20, 2020 21:23

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???

99.1. BubbleBoy Sep 20, 2020 21:58

1 lot

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