FREE Account Opening + No Clearing Fees
Loading...

Petro Carbon and Chemicals Limited IPO (Petro Carbon and Chemicals IPO) Detail

June 25, 2024 - June 27, 2024

Petro Carbon and Chemicals IPO is a book built issue of Rs 113.16 crores. The issue is entirely an offer for sale of 66.18 lakh shares.

Petro Carbon and Chemicals IPO bidding started from June 25, 2024 and ended on June 27, 2024. The allotment for Petro Carbon and Chemicals IPO was finalized on Friday, June 28, 2024. The shares got listed on NSE SME on July 2, 2024.

Petro Carbon and Chemicals IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹273,600.

GYR Capital Advisors Private Limited is the book running lead manager of the Petro Carbon and Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Petro Carbon and Chemicals IPO is Giriraj Stock Broking.

Refer to Petro Carbon and Chemicals IPO RHP for detailed information.

Petro Carbon and Chemicals IPO Details

IPO Date June 25, 2024 to June 27, 2024
Listing Date July 2, 2024
Face Value ₹10 per share
Price Band ₹162 to ₹171 per share
Lot Size 800 Shares
Total Issue Size6,617,600 shares
(aggregating up to ₹113.16 Cr)
Offer for Sale6,617,600 shares of ₹10
(aggregating up to ₹113.16 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue24,700,000
Market Maker portion430,400 shares
Giriraj Stock Broking

Petro Carbon and Chemicals IPO Reservation

Petro Carbon and Chemicals IPO offers 6,617,600 shares. 1,236,800 (18.69%) to QIB, 928,800 (14.04%) to NII, 2,166,400 (32.74%) to RII and 1,855,200 (28.03%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered1,855,200 (28.03%)
Market Maker Shares Offered430,400 (6.50%)
QIB Shares Offered1,236,800 (18.69%)
NII (HNI) Shares Offered928,800 (14.04%)
Retail Shares Offered2,166,400 (32.74%)
Total Shares Offered6,617,600 (100%)

Petro Carbon and Chemicals IPO Anchor Investors Details

Petro Carbon and Chemicals IPO raises Rs 31.72 crore from anchor investors. Petro Carbon and Chemicals IPO Anchor bid date is June 24, 2024. Petro Carbon and Chemicals IPO Anchor Investors list

Bid Date June 24, 2024
Shares Offered 1,855,200
Anchor Portion Size (In Cr.) 31.72
Anchor lock-in period end date for 50% shares (30 Days) July 28, 2024
Anchor lock-in period end date for remaining shares (90 Days) September 26, 2024

Petro Carbon and Chemicals IPO Timeline (Tentative Schedule)

Petro Carbon and Chemicals IPO opens on June 25, 2024, and closes on June 27, 2024.

IPO Open Date Tuesday, June 25, 2024
IPO Close Date Thursday, June 27, 2024
Basis of Allotment Friday, June 28, 2024
Initiation of Refunds Monday, July 1, 2024
Credit of Shares to Demat Monday, July 1, 2024
Listing Date Tuesday, July 2, 2024
Cut-off time for UPI mandate confirmation 5 PM on June 27, 2024

Petro Carbon and Chemicals IPO Lot Size

Investors can bid for a minimum of 800 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) 1 800 ₹136,800
Retail (Max) 1 800 ₹136,800
HNI (Min) 2 1,600 ₹273,600
Lot Size Calculator

Petro Carbon and Chemicals IPO Promoter Holding

Promoters of the company being Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.

Share Holding Pre Issue 100.00%
Share Holding Post Issue

About Petro Carbon and Chemicals Limited

Petro Carbon and Chemicals Limited, an ATHA Group company, was founded in 2007 and is engaged in the production of calcined petroleum coke (CPC) for the carbon industry.

The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke (RPC), also known as green petroleum coke, for use in the manufacture and production of aluminum, steel and various other carbon-based products.

The company's production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum; the plant is spread over an area of around 30 acres.

The company employs around 74 people at various levels in the areas of production, maintenance, marketing, sales, administration and corporate services. In addition, the company employs around 290 contract workers at its current production facility.

Petro Carbon and Chemicals Limited Financial Information (Restated Standalone)

Petro Carbon and Chemicals Limited's revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets27,432.3526,379.1227,703.5615,992.29
Revenue44,711.1151,760.9927,990.7015,528.68
Profit After Tax7,031.16672.65570.9911.64
Net Worth10,653.343,752.813,080.172,509.17
Reserves and Surplus12,528.215,561.064,973.204,489.97
Total Borrowing8,063.0217,582.7819,418.008,182.43
Amount in ₹ Lakhs

Key Performance Indicator

KPI as of December 31, 2023.

KPI Values
ROCE60.36%
Debt/Equity0.54
RoNW66.00%
PAT Margin (%)15.78
Pre IPO Post IPO
P/E (x) 66.02

Objects of the Issue (Petro Carbon and Chemicals IPO Objectives)

The objectives of the Offer are to:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
  2. Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.

Petro Carbon and Chemicals IPO Review (May apply)

[Dilip Davda]  The company is engaged in manufacturing and marketing of CPC in the carbon industry. Its financial performance has many surprises for the reported periods, which are presumed as accounting tactics. Hefty net profit for 9M-FY24 raises eyebrows. Based on annualized FY24 earnings, the issue appears lucratively priced, but based on FY23 earnings, it is exorbitantly priced. What is more, it is a pure secondary offer and no fund is going to the company. There appears to be some window dressing to fetch fancy valuations for the IPO. Only well-informed investors may park moderate fund for medium term. Read detail review...


Petro Carbon and Chemicals IPO Subscription Status (Bidding Detail)

The Petro Carbon and Chemicals IPO is subscribed 92.01 times on June 27, 2024 6:19:55 PM. The public issue subscribed 74.34 times in the retail category, 94.49 times in the QIB category, and 129.91 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB94.49
NII129.91
Retail74.34
Total92.01

Total Application : 201,314 (74.34 times)

Petro Carbon and Chemicals IPO Rating

9
2.3
Rating:Rated 2.3 stars
Vote Here ...

Petro Carbon and Chemicals IPO Listing Details

Listing Date July 2, 2024
BSE Script Code
NSE Symbol PCCL
ISIN INE998U01015
Final Issue Price ₹171 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹171.00
₹300.00
₹285.00
₹315.00
₹315.00

Check IPO Performance…

Petro Carbon and Chemicals Limited Contact Details

Petro Carbon and Chemicals Limited
Avani Signature, 6th Floor,
91A/1, Park Street,
Kolkata - 700016
Phone: 033-40118400
Email: pccl@athagroup.in
Website: http://www.pccl.in/

Petro Carbon and Chemicals IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Petro Carbon and Chemicals IPO - Buy or Not

Petro Carbon and Chemicals IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Petro Carbon and Chemicals IPO FAQs

Petro Carbon and Chemicals IPO is a SME IPO of 6,617,600 equity shares of the face value of ₹10 aggregating up to ₹113.16 Crores. The issue is priced at ₹162 to ₹171 per share. The minimum order quantity is 800 Shares.

The IPO opens on June 25, 2024, and closes on June 27, 2024.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Petro Carbon and Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Petro Carbon and Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Petro Carbon and Chemicals 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 'Petro Carbon and Chemicals 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.

The Petro Carbon and Chemicals IPO opens on June 25, 2024 and closes on June 27, 2024.

Petro Carbon and Chemicals IPO lot size is 800 Shares, and the minimum amount required is ₹136,800.

You can apply in Petro Carbon and Chemicals 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 Petro Carbon and Chemicals IPO will be done on Friday, June 28, 2024, and the allotted shares will be credited to your demat account by Monday, July 1, 2024. Check the Petro Carbon and Chemicals IPO allotment status.

The Petro Carbon and Chemicals IPO listing date is on July 2, 2024.
Open an Instant Account with Zerodha

Petro Carbon and Chemicals IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...