|Issue Date||21/09 - 23/09|
|Issue Size||₹175.00 Cr|
|Issue Price||₹338 - 340|
|Market Lot||44 Shares|
|Shares on Offer||4,300,000|
|GMP||₹315 - 325|
|Kostak||₹300 - 325|
|Subject to Sauda||₹10000|
|Listing Date||01 Oct 2020|
CHEMCON is an ISO 9001:2015 and 14001:2015 certified company.
Their manufacturing plant is located in Manjusar near Vadodara in the state of Gujarat, Western India.
They are one of the reliable partners for Completion Brines and the largest manufacturer of calcium bromide in India in calendar year 2019.
They are an ISO 9001:2015 and ISO 14001:2015 certified company for the “Manufacture and supply of Pharmaceutical Intermediates, Silanes and Oilfield Chemicals”. Their manufacturing facility is located at Manjusar near Vadodara in Gujarat.
They are a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry. They were the only manufacturer of HMDS in India and were the third largest manufacturer of HMDS worldwide in terms of production in the calendar year 2019 (source: Frost & Sullivan Report). They were the largest manufacturer of CMIC in India and the second largest manufacturer of CMIC worldwide, in terms of production and capacity in calendar year 2019 (source: Frost & Sullivan Report). Further, they were the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in calendar year 2019 (source: Frost & Sullivan Report).
Expertise in these industries and the knowhow enable them to grow rapidly on international markets as well.
KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.
Firm purposes to utilize the net proceeds from the IPO towards below objectives;
|Total Assets (In ₹ Millions)||1,730.33||970.66||626.80|
|Total Revenue (In ₹ Millions)||3,043.16||1,584.72||899.96|
|Profit After Tax (PAT) (In ₹ Millions)||430.41||263.81||28.24|
|Date & Time||QIB||NII||RII||Total|
|Day 1 - 21 September||0.00||1.24||9.83||5.19|
|Day 2 - 22 September||1.37||3.50||22.94||12.62|
|Day 3 - 23 September||113.54||449.14||41.15||149.30|
Please click the link below to check the IPO allotment status.IPO Allotment Status
Chemcon Speciality Chemicals Limited IPO will open on 21/09 and close on 23/09.
Chemcon Speciality Chemicals Limited IPO will list on 01 Oct 2020.
The offer price of Chemcon Speciality Chemicals Limited IPO is ₹338 - 340.
The lot size of Chemcon Speciality Chemicals Limited IPO is 44.
The Grey Market Premium (GMP) price of Chemcon Speciality Chemicals Limited IPO is ₹315 - 325.
The Kostak price of Chemcon Speciality Chemicals Limited IPO is ₹300 - 325.
The Subject to Sauda price for Chemcon Speciality Chemicals Limited IPO is ₹10000.
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