Chemcon IPO Review

IPO Status: Upcoming [21st Sep 2020 to 23rd Sep 2020]

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About Chemcon IPO

Chemcon Speciality Chemicals IPO will open from 21st to 23rd Sep 2020. The price band for IPO is ₹338-340, lot size 44 shares. Letís get the complete review of Chemcon IPO, business overview, IPO dates, Chemcon IPO allotment, subscription, company financials, GMP and other information.

For Chemcon IPO, the Floor Price is 33.80 times and the Cap Price is 34.00 times the face value of the equity shares.

Company Incorporated Year: 1988

Sector: Speciality Chemical

Fresh Issue: Rs. 175 Cr.

Website: http://www.cscpl.com/

About Company - Chemcon Speciality Chemicals

Chemcon Speciality Chemicals is the leading specialized chemical manufacturer of HMDS and CMIC that are used in the pharmaceutical industry. Chemcon not just engaged in manufacturing pharma chemicals but also manufactures Oilwell completion inorganic bromide i.e. Calcium Bromide, Zinc Bromide, and Sodium Bromide that are used in the oilfield industry.

Company has a strong network not only in the Indian market but also in the international market such as China, Serbia, Malaysia, UAE, Japan, USA, Russia, and Azerbaijan. The key customers of its pharma chemical segment include Hetero Labs Limited, Macleods Pharma Ltd, Laurus Labs Ltd, Sanjay Chemicals Pvt Ltd, Aurobindo Pharma Ltd, etc. whereas Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality Chemical DMCC, and CC Gran LLC are the key customers of its oilfield chemicals.

Chemcon manufacturing plant is situated in Manjusar, Vadodara. The company also has 5 operational plants, 1 plant for HMDS manufacturing, 2 plants for CMIC chemical manufacturing, and 2 plants for oilfield chemicals. In terms of production in 2018, Chemcon is the 2nd largest manufacturer of CMIC and the 8th largest manufacturer of HMDS all over the world. It is the sole manufacturer of HMDS and Zinc Bromide chemicals in India.

Products & Services

  • Pharma chemicals
  • Oilfield chemicals
  • Silanes
  • Contract Manufacturing

Chemcon IPO Objective

Here are the main Chemcon IPO objectives;

  • To meet capital expenditures for manufacturing facility expansion.
  • To meet the working capital requirements of the business.
  • To meet general corporate purposes.

Chemcon IPO Issue break-up

Issue break-up
Category # of Shares Upper end ₹ in Cr %
QIB 46,76,470 159.00 Cr 50%
NIB 14,02,941 47.70 Cr 15%
Retail 32,73,529 111.30 Cr 35%
Total 93,52,940 318 Cr 100%

Chemcon IPO Details

Chemcon IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Chemcon IPO Details
Chemcon Issue Details Values
IPO Category Mainline
IPO Issue Type Book Built Issue IPO
IPO Issue Size 98,00,000 Eq Shares of ₹10 each [Aggregating to ₹284 Cr]
Offer for Sale 45,00,000 equity shares of ₹10 each [Aggregating to ₹129 Cr]
Fresh Issue 55,00,000 equity shares of ₹10 each [Aggregating to ₹165 Cr]
Face Value ₹10 Per Equity Share
IPO Issue Price ₹338-340
IPO Discount NA
Market Lot 44 Shares
Min Retail Qty 44 (1 lot)
Max Retail Qty 572 (13 lots)
Promoter Holding Pre IPO 100%
Promoter Holding Post IPO 74.47%
IPO Listing At BSE, NSE
BSE Code
NSE Code

Chemcon Financials for past 3 Years

Past performance and financial results of Chemcon.

Chemcon financial
Chemcon IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018 31-Mar-2017
Total Assets ₹225.79 Cr ₹173.03 Cr ₹97.07 Cr ₹62.68 Cr
Total Revenue ₹266.02 Cr ₹305.32 Cr ₹158.39 Cr ₹89.99 Cr
Net Profit/Loss ₹48.85 Cr ₹43.04 Cr ₹26.38 Cr ₹2.82 Cr

Chemcon IPO Strengths

  • One of the largest manufacturers of pharmaceutical chemicals worldwide.
  • Leading manufacturer of oilfield chemicals in India.
  • Worldwide presence in the domestic as well as international market.
  • Diversified customer base.
  • Strong financial position and good long-term track record.

Chemcon IPO Threats/Weaknesses

  • Revenue concentration on pharmaceuticals chemicals segment.
  • Limited product portfolio.
  • Revenue concentration over a few customers.

Chemcon IPO Important Dates

In this section we have covered all important dates related to Chemcon IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Chemcon IPO important dates
IPO Activity Date
IPO Issue Open Date 21st Sep 2020
IPO Issue Close Date 23rd Sep 2020
Basis of Allotment Finalisation Date* 28th Sep 2020
Refunds Initiation* 29th Sep 2020
Credit of Shares to Demat Account* 30th Sep 2020
IPO Listing Date* 1st Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Chemcon IPO Draft Prospectus >>Document

Chemcon IPO Red Herring Prospectus >>Document

Chemcon IPO Allotment Status >>Chemcon IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Chemcon Speciality Chemicals Limited
Block Number 355, Manjusar Kunpad Road
Manjusar Village, Taluka Savli, Vadodara
Gujarat - 391775
Website: http://www.cscpl.com/
Email: [email protected]
Phone: 91 98795 64107

Registrar

Link Intime India Private Limited
C-101, First Floor, 247 Park
Lal Bhadur Shastri Marg, Vikhroli (West)
Mumbai 400 083
Maharastra, India
Email: [email protected]
Website: www.linkintime.co.in

Lead Manager

  1. Intensive Fiscal Services Private Limited
  2. Ambit Capital Private Limited
Chemcon IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Chemcon? Should I apply in Chemcon IPO?

Last Updated on 2020-09-18T22:48:34+00:00

Chemcon IPO FAQs

  1. 1. How to subscribe Chemcon IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Chemcon IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Chemcon IPO with Zerodha.

    Alternate approch to apply in Chemcon IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Chemcon IPO Review and Important Updates

    Other relevant questions :

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  2. 2. How to apply in Chemcon IPO online?

    Apply in Chemcon IPO online

    To subscribe or apply in Chemcon IPO, you can use the following methods:

    Chemcon IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Chemcon IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Chemcon IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Chemcon IPO. Most of the Syndicate Banks provide access to apply in Chemcon IPO via ASBA process. You must have your net banking access, DP ID information to apply in Chemcon IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Chemcon IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Chemcon IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Chemcon IPO? Where to apply for Chemcon IPO? How to subscribe Chemcon IPO online? Chemcon IPO where to apply? Where to buy Chemcon IPO online? How to buy Chemcon IPO online? How to purchase Chemcon IPO? How to get Chemcon IPO? How to book Chemcon IPO? How to invest Chemcon IPO? Chemcon IPO kaise buy kare?

     

  3. 3. How to download online application form for Chemcon IPO?

    Applying in Chemcon IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Chemcon IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Chemcon IPO, please refer article >> Link

    Chemcon IPO Review and Important Updates

    Steps to download the online application form for Chemcon IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 44 and max 572 (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Chemcon IPO?

    Chemcon IPO is going to be list on 01-10-2020.

    Other relevant questions:

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  5. 5. When Chemcon IPO will be allocated?

    Chemcon IPO Allotment Date is 28-09-2020.

    Other relevant questions:

    Chemcon IPO share allotment date?Chemcon IPO allotment date?

     

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User Comments

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3. Vinay Jain  9/18/2020 11:52:59 PM Reply
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2. Nirav  9/16/2020 1:59:55 PM Reply
Can be a good IPO because all the speciality chemical companies are playing good in the market
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2.1. PK jain  9/18/2020 6:38:27 PM
Undoubtedly, currently, all the chemical stocks like Atul, Alkali, etc. are rocking. Even recently listed speciality chemical company Rossari has delivered strong listing gains. So we can hope Chemcon to deliver a very good listing gain
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1. Venkatraman  9/16/2020 1:55:54 PM Reply
Chemcon IPO GMP today is 205-210.

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