Chemcon Speciality Chemicals Limited IPO

Chemcon Speciality Chemicals Limited IPO

Chemcon Speciality Chemicals Limited IPO is a Mainstream IPO, which is open for all investors from 21st Sept 2020, Monday to 23rd Sept 2020, Wednesday. Promoters are offering 9,352,940 equity shares to public through this issue which is worth of ₹318 Crores. For other IPO details on Chemcon Speciality Chemicals Limited IPO, scroll below

IPO Details

Grey Market Premium of Chemcon Speciality Chemicals Limited IPO

GMP of Chemcon Speciality Chemicals Limited IPO is highlighted below

Date
Grey Market Premium of Happiest Minds IPO
Kostak of Happiest Minds IPO
Sauda of Happiest Minds IPO
20-Sep-2020 ₹221 – ₹234 Rs 400 Rs 8000
19-Sep-2020 ₹201 – ₹214 Rs 550 Rs 6000
18-Sep-2020 ₹201 – ₹214 Rs 550 Rs 6000
17-Sep-2020 Not Available Rs 350 Rs 5000
16-Sep-2020 Not Available Rs 350 Rs 5000
15-Sep-2020 Not Available Not Available Not Available

Expected Listing Gains

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Company Background

Chemcon Speciality Chemicals Limited is a Vadodara based manufacturer of specialized chemical products i.e. HMDS and CMIC, with an annual revenue of Rupees 2,660.17 lakhs.

Date of Incorporation

Chemcon Speciality Chemicals Limited was incorporated as “Gujarat Quinone Private Limited” on 15th December 1988. Company was finally converted into a public limited company on 10th April 2019 with a Corporate Identification Number, U24231GJ1988PLC011652

Promoters of Chemcon Speciality Chemicals Limited

Kamalkumar Rajendra Aggarwal, Navdeep Naresh Goyal and Shubharangana Goyal are the promoters of the company.

Product & Services Offered

Chemcon Speciality Chemicals Limited offers following products & services to its clients:-

  • 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.
    • Pharmaceutical chemicals

Clientele base of the company

Company caters

  • Serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan

Purpose of this IPO

Purpose of the issue:

  • General corporate purposes
  • Meet up working capital requirement
  • Expansion of manufacturing facility

Chemcon Speciality Chemicals Limited IPO Issue Details

Issue Details
Issue Open 21st Sept 2020, Monday Issue Close 23rd Sept 2020, Wednesday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band ₹338 to ₹340 per equity share Bid Lot & Minimum order quantity 44 Shares
Issue Size ₹₹318 Crore Listing at BSE NSE

IPO Timeline

Tentative IPO Timeline
Bid Opens on 21st Sept 2020, Monday Bid Closes on 23rd Sept 2020, Wednesday
Finalization of basis of allotment 28th Sept 2020, Monday Initiation of Refunds 29th Sept 2020, Tuesday
Credit of shares to demat account 30th Sept 2020, Wednesday Listing Date 1st Oct 2020, Thursday

Company Financials

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

Ratings & Reviews of Chemcon Speciality Chemicals Limited IPO

As per experts one could subscribe the IPO

  • Company has steady growth
  • holds significant market share
  • Fairly priced

Investors are advised to conduct proper due diligence before investing in this IPO

Red Herring Prospectus of Chemcon Speciality Chemicals Limited IPO

IPO Lead Managers

Ambit Private Limited and Intensive Fiscal Services Private Limited are managing the IPO

Address of Chemcon Speciality Chemicals Limited

Chemcon Speciality Chemicals Limited
Block Number 355, Manjusar Kunpad Road
Manjusar Village, Taluka Savli
Vadodara 391775
Phone: 91 98795 64107

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