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IPO Status: Listed [21st Sep 2020 to 23rd Sep 2020]
| IPO Issue Opening Date: | 21st Sep 2020 |
| IPO Issue Closing Date: | 23rd Sep 2020 |
| IPO Issue Price: | ₹338-340 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50.06 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹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 Discount: | NA |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 74.47% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543233 |
| NSE Code: | CHEMCON |
Get important updates regarding Chemcon IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Sep 2020 |
| Refunds Initiation* | 29th Sep 2020 |
| Credit of Shares to Demat* | 30th Sep 2020 |
| IPO Listing Date* | 1st Oct 2020 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹338-340 |
| Market Lot: | 44 Shares |
| 1 Lot Amount: | ₹14960 |
| Min Small HNI Lots(2-10 Lakh): | 616 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-09-2020 | 340 | 310 | -- | ₹650 (91.18%) | 30-Sep-2020 23:57 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Chemcon Speciality Chemicals IPO will open from 21st to 23rd Sep 2020. The price band for IPO is ₹338-340, lot size 44 shares. Let's 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/
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
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹284 Cr | http://www.cscpl.com/ |
Here are the main Chemcon IPO objectives;
| 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% |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,868,344 (28.48%) | 1,407,249 (21.45%) | 3,283,580 (50.06%) | 6,559,173 | |
| 1 | 21st Sep 2020 17:02 | 0.00x | 1.24x | 9.83x | 5.19x |
| 2 | 22nd Sep 2020 17:02 | 1.37x | 3.50x | 22.94x | 12.62x |
| 3 | 23rd Sep 2020 18:50 | 113.54x | 449.14x | 41.15x | 149.30x |
| 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 |
Last Updated on 01-Feb-2021 00:19:12
