IPO Status: Closed [21st Sep 2020 to 23rd Sep 2020]
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
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% |
Chemcon IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
| 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 | 543233 |
| NSE Code | CHEMCON |
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 | 1,407,249 | 3,283,580 | 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 |
Past performance and financial results of Chemcon.
| 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 |
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.
| 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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Chemcon IPO Draft Prospectus >>Document
Chemcon IPO Red Herring Prospectus >>Document
Chemcon IPO Allotment Status >>Link
Last Updated on 2020-11-03T22:12:57+00:00
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
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To subscribe or apply in Chemcon IPO, you can use the following methods:
| Chemcon IPO Applying Mode | Method | Details |
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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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
Or
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Chemcon IPO is going to be list on 01-10-2020. NSE Code for Chemcon is CHEMCON. BSE Code for Chemcon is 543233.
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Chemcon IPO Allotment Date is 28-09-2020.
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