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Rite Zone Chemcon India Ltd IPO (Rite Zone Chemcon IPO) Detail

October 31, 2022 - November 2, 2022

Rite Zone Chemcon IPO is a fixed price issue of Rs 8.96 crores. The issue is entirely a fresh issue of 11.95 lakh shares.

Rite Zone Chemcon IPO bidding started from October 31, 2022 and ended on November 2, 2022. The allotment for Rite Zone Chemcon IPO was finalized on Monday, November 7, 2022. The shares got listed on NSE SME on November 11, 2022.

Rite Zone Chemcon IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹240,000.

Expert Global Consultants Private Limited is the book running lead manager of the Rite Zone Chemcon IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

Refer to Rite Zone Chemcon IPO RHP for detailed information.

Rite Zone Chemcon IPO Details

IPO Date October 31, 2022 to November 2, 2022
Listing Date November 11, 2022
Face Value ₹10 per share
Price ₹75 per share
Lot Size 1600 Shares
Total Issue Size1,195,200 shares
(aggregating up to ₹8.96 Cr)
Fresh Issue1,195,200 shares
(aggregating up to ₹8.96 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion60 shares

Rite Zone Chemcon IPO Reservation

Rite Zone Chemcon IPO offers 1,134,460 shares. 566,400 (49.93%) to NII, 568,000 (50.07%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered60 (0.01%)
Other Shares Offered566,400 (49.93%)
Retail Shares Offered568,000 (50.07%)
Total Shares Offered1,134,460 (100%)

Rite Zone Chemcon IPO Timeline (Tentative Schedule)

Rite Zone Chemcon IPO opens on October 31, 2022, and closes on November 2, 2022.

IPO Open Date Monday, October 31, 2022
IPO Close Date Wednesday, November 2, 2022
Basis of Allotment Monday, November 7, 2022
Initiation of Refunds Wednesday, November 9, 2022
Credit of Shares to Demat Thursday, November 10, 2022
Listing Date Friday, November 11, 2022
Cut-off time for UPI mandate confirmation 5 PM on November 2, 2022

Rite Zone Chemcon IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
HNI (Min) 2 3,200 ₹240,000
Lot Size Calculator

Rite Zone Chemcon IPO Promoter Holding

Mr. Bhavesh Babulal Bhandari and Mrs. Arti Bhavesh Bhandari are the company promoters.

Share Holding Pre Issue 58.39%
Share Holding Post Issue

About Rite Zone Chemcon India Ltd

Incorporation in 2015, Rite Zone Chemcon India Limited deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments.

The company's products include Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agents, Surface Treatment, Tiling & Block Products.

Rite Zone Chemcon India Limited outsource the chemical products production to a third-party manufacturer. The company has also tied up with concrete manufacturers in Maharashtra for concrete production.


  • Wide product portfolio with a focus on quality.
  • Quality Assurance and customer satisfaction.
  • Asset Light business model with low fixed overheads.
  • R&D set up for constant product improvement and new product development.
  • Longstanding customer relationships leading to increased business opportunities.
  • Existing committed workforce.

Company Financials

Rite Zone Chemcon India Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Rite Zone Chemcon IPO is Rs 31.73 Cr.

Pre IPO Post IPO
P/E (x) 90.36

Objects of the Issue (Rite Zone Chemcon IPO Objectives)

The company intend to utilize the proceeds of the Issue to meet the following objects:

1. To part finance the Working Capital Requirements.

2. General Corporate Purposes.

3. To meet Issue Expenses.

Rite Zone Chemcon IPO Review (Avoid)

[Dilip Davda]  RZCIL is in a highly competitive and fragmented segment. It has priced the IPO exorbitantly even on the basis of its super earnings. A small equity base post-IPO indicates s longer gestation period for migration to the mainboard. There is no harm in skipping this pricy issue. Read detail review...

Rite Zone Chemcon IPO Subscription Status (Bidding Detail)

The Rite Zone Chemcon IPO is subscribed 4.73 times on November 2, 2022 7:00:00 PM. The public issue subscribed 7.10 times in the retail category, times in the QIB category, and 2.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Rite Zone Chemcon IPO Prospectus

Rite Zone Chemcon IPO Rating

Rating:Rated 3.1 stars
Vote Here ...

Rite Zone Chemcon IPO Listing Details

Listing Date November 11, 2022
BSE Script Code
Final Issue Price ₹75 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Rite Zone Chemcon India Ltd Contact Details

Rite Zone Chemcon India Ltd
Row House 11,
Beverly Park, Row House CHS Ltd
Mira Road Thane- 401107
Phone: +91 22 6884 9680

Rite Zone Chemcon IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Rite Zone Chemcon IPO - Buy or Not

Rite Zone Chemcon IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 8 1 1

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Rite Zone Chemcon IPO FAQs

Rite Zone Chemcon IPO is a SME IPO of 1,195,200 equity shares of the face value of ₹10 aggregating up to ₹8.96 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.

The IPO opens on October 31, 2022, and closes on November 2, 2022.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

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

Steps to apply in Rite Zone 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 'Rite Zone 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.

The Rite Zone Chemcon IPO opens on October 31, 2022 and closes on November 2, 2022.

Rite Zone Chemcon IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.

You can apply in Rite Zone 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Rite Zone Chemcon IPO will be done on Monday, November 7, 2022, and the allotted shares will be credited to your demat account by Thursday, November 10, 2022. Check the Rite Zone Chemcon IPO allotment status.

The Rite Zone Chemcon IPO listing date is on November 11, 2022.
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Rite Zone Chemcon IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



54. Jonsnow |   Link |  Bookmark |November 15, 2022 9:09:16 PM (300+ Posts)
Experts please suggest about JFL life are the results?
53. Shilpa Agrawal |   Link |  Bookmark |November 12, 2022 9:40:00 PM
General Query I have been applying for some 20+ IPO normal and SME but got hardly 1 or 2 IPO does applying as retail investor Vs HNI investor increases my chances for allotment or how do i strategically apply so as i increase my changes of allotment ?
any tips shall help

Thank you in advance I learn a lot from comments/ views/ and information shared here
52. SAINUK |   Link |  Bookmark |November 12, 2022 9:29:32 AM
Mr. M Ravichandran Sir,
How can I bought In Pre open Market, is it profitable.
Pl Advice.
52.1. MRavichandran |   Link |  Bookmark |November 12, 2022 11:01:15 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Its not advisable for new comers going for SME pre-open buy, as it has risk of losses also not always profit.
just for learning purpose, if you want to buy definitely during pre-open, you need to place buy order at highest price, it will be executed at Equilibrium price. or you may place safe buying price, depends on demand/supply it may execute.

My sincere advise to new comers is to apply good SME's and book enough profits before trying on bigger risks of pre-open buys.

51. MRavichandran |   Link |  Bookmark |November 11, 2022 9:31:05 AM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought 10 lots in pre-open.
All the best

51.12. Hope is life |   Link |  Bookmark |November 20, 2022 4:23:46 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
MRavichandran sir

please share ur view on virtuoso optoelectronics sme
recently half yearly results came...

is it worthy to hold this stock for long term

thanks in advance sir
51.13. NDPATEL |   Link |  Bookmark |December 8, 2022 8:28:47 AM
@MRavichandran : Sir, i have alloted 1 lot of Ritezone, kindly suggest to hold/sell it.
50. Ramendra Singh |   Link |  Bookmark |November 11, 2022 1:23:15 PM
Sold one lot at 86...🙂
49. Amit Jaipur |   Link |  Bookmark |November 11, 2022 10:18:25 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Sold at 85.85
48. lokes |   Link |  Bookmark |November 10, 2022 8:27:35 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
It may list around 75-80....constuction sector is doing good so this may also grow and post good numbers due to most of its products related to idea how it will move in short to medium term after listing...if some operator wish then can take it high like trident life etc else it may struggle
48.1. Ramendra Singh |   Link |  Bookmark |November 10, 2022 11:41:14 PM
I can assure it will double your wealth in a year.
47. Khan chacha |   Link |  Bookmark |November 8, 2022 2:43:19 PM
Anybody views on listing day?
47.1. Bayan |   Link |  Bookmark |November 10, 2022 3:45:08 PM
It will list 5-10% up then double in 1 month. Just guessing, take your chance at own risk. If listed negative then (-50%) after one month. So conclusion is it will go where operator want but will the retailors hold on listing?
46. CAAditya |   Link |  Bookmark |November 8, 2022 12:26:57 PM
allottedd 1/1
45. Amit Jaipur |   Link |  Bookmark |November 8, 2022 10:46:22 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
Allotted 1 out of 7 retail applns.
44. Top Contributor |   Link |  Bookmark |November 2, 2022 10:05:08 AM
@MRavi, @Anantagg, @Lokes and other experts, Please suggest your opinion for this IPO?
44.14. lokes |   Link |  Bookmark |November 7, 2022 6:17:53 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
@mark bab: yes...
@Shanm : i didn't checked RHP so not sure about this...
44.15. Shanm |   Link |  Bookmark |November 8, 2022 9:13:05 AM
Thank you @Ravi sir & @ Lokes ji.
Allotted 1/4 Integrated.
waiting for other status.
43. ultrasnow |   Link |  Bookmark |November 8, 2022 3:54:54 AM
Allotted 1 out of 5 lots hni
42. IpoRetailer |   Link |  Bookmark |November 7, 2022 11:27:24 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
0/2 in retail..
41. V V P REDDY |   Link |  Bookmark |November 7, 2022 9:41:36 PM
40. Anil Mwt |   Link |  Bookmark |November 7, 2022 8:18:11 PM (200+ Posts)
Recd…01/4 allotment on Retail application
39. JaiShriKrishna |   Link |  Bookmark |November 7, 2022 6:47:29 PM
Any allotment status?
38. V V P REDDY |   Link |  Bookmark |November 7, 2022 6:44:20 PM
37. Kapil Mehra |   Link |  Bookmark |November 3, 2022 10:35:26 AM (200+ Posts)
For experts......i have applied 2 lot single application wt will be ratio applied here. NII portion is 2.36 ,will allotment be under this figure or else
36. Gaurav DD dimer |   Link |  Bookmark |November 2, 2022 8:24:41 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Skipped Completely.
35. NARESH ZALA |   Link |  Bookmark |November 2, 2022 6:09:25 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Respected members, ye IPO bharna kesa rahega!?