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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.
| 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 Size | 6,617,600 shares (aggregating up to ₹113.16 Cr) |
| Offer for Sale | 6,617,600 shares of ₹10 (aggregating up to ₹113.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 24,700,000 |
| Share holding post issue | 24,700,000 |
| Market Maker portion | 430,400 shares Giriraj Stock Broking |
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 Offered | 1,855,200 (28.03%) |
| Market Maker Shares Offered | 430,400 (6.50%) |
| QIB Shares Offered | 1,236,800 (18.69%) |
| NII (HNI) Shares Offered | 928,800 (14.04%) |
| Retail Shares Offered | 2,166,400 (32.74%) |
| Total Shares Offered | 6,617,600 (100%) |
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 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 |
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 | |||
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 |
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'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 Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 27,432.35 | 26,379.12 | 27,703.56 | 15,992.29 |
| Revenue | 44,711.11 | 51,760.99 | 27,990.70 | 15,528.68 |
| Profit After Tax | 7,031.16 | 672.65 | 570.99 | 11.64 |
| Net Worth | 10,653.34 | 3,752.81 | 3,080.17 | 2,509.17 |
| Reserves and Surplus | 12,528.21 | 5,561.06 | 4,973.20 | 4,489.97 |
| Total Borrowing | 8,063.02 | 17,582.78 | 19,418.00 | 8,182.43 |
| Amount in ₹ Lakhs | ||||
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROCE | 60.36% |
| Debt/Equity | 0.54 |
| RoNW | 66.00% |
| PAT Margin (%) | 15.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 66.02 |
The objectives of the Offer are to:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 94.49 |
| NII | 129.91 |
| Retail | 74.34 |
| Total | 92.01 |
Total Application : 201,314 (74.34 times)
| Listing Date | July 2, 2024 |
| BSE Script Code | |
| NSE Symbol | PCCL |
| ISIN | INE998U01015 |
| Final Issue Price | ₹171 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹171.00 |
| ₹300.00 |
| ₹285.00 |
| ₹315.00 |
| ₹315.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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