Fixed Price IPO | ₹25 Cr | Listed at BSE | Tue, Sep 9, 2008 - Fri, Sep 12, 2008
Chemcel Bio-tech IPO is a fixed price issue of ₹24.64 crores. The issue is entirely a fresh issue of 1.54 crore shares of ₹24.64 crore.
Chemcel Bio-tech IPO bidding started from Sep 9, 2008 and ended on Sep 12, 2008. The shares got listed on BSE on Oct 13, 2008.
Chemcel Bio-tech IPO price is ₹16 per share.
The issue includes a reservation of up to 10,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Allahabad Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Chemcel Bio-tech IPO RHP for detailed Information.
IPO Open
Tue, Sep 9, 2008
IPO Close
Fri, Sep 12, 2008
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹41.47 Cr
| IPO Date | 9 to 12 Sep, 2008 |
| Listed on | Mon, Oct 13, 2008 |
| Face Value | ₹10 per share |
| Issue Price | ₹16 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 1,54,00,206 shares (agg. up to ₹25 Cr) |
| Reserved for Private Promoter | 16,00,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue | 1,38,00,206 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 1,38,00,206 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,05,18,200 shares |
| Share Holding Post Issue | 2,59,18,200 shares |
| BSE Script Code / | 533026 / |
| ISIN | INE213J01012 |
Chemcel Bio-tech IPO comprises a total issue size of 1,38,00,000 shares. The net offer to the public is 1,12,00,000 shares, after excluding 16,00,000 shares allotted on a firm basis and 10,00,000 shares under a preferential allotment. Of the Net offer 64,00,000 (50.00%) allocated to NII 64,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 64,00,000 | 50.00% | 46.38% |
| Retail Shares Offered | 64,00,000 | 50.00% | 46.38% |
| Preferential Reservations | |||
| Employee Shares Offered | 10,00,000 | 7.25% | |
| Firm Reservations | |||
| Private Promoter Shares Offered | 16,00,000 | 11.59% | |
| Total Shares Offered | 1,38,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1995, Chemcel Biotech Limited is in the business of manufacturing Agro Chemicals. The company’s main products are in three forms, i.e. liquids, granules and dusts. Chemcel Biotech has CIB registrations for 34 products to manufacture pesticides for crops i.e. Paddy, Cotton, Sugarcane, Turmeric, Chillies, Pulses, Vegetable etc.
They have 34 products in their product portfolio which consists of different kind of insecticides. Chemcel Biotech manufacture various formulations comprising of liquids, granules and powder formulations. The company's products are available in various sizes of packaging, catering to the needs of small, marginal and large farmers. The company's product range covers most of the crops and the majority of plant infections. They provide end-to-end plant protection solutions to farmers through their distributors.
They have the certificate of registration for 34 formulations. The company's largest selling formulations are CHEMCEL HEXA; COUNTER; COSY; CELPHATE”. The company has set up a production unit at Kanuru, Vijayawada, Andhra Pradesh, for the production of a wide range of pesticides which is very close to rice belts of Krishna & Godavari districts, and commercial belts of Guntur and Khammam.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up Bio-Diesel Manufacturing Unit | 9.93 |
| 2 | To meet the additional Working Capital requirement on account ofincreased operations for the Agrochemical & Bio Fertilizer division | 9.45 |
| 3 | o repay the short term loan limit of Rs 120.00 lakhs availed of from unionBank of Inida for partially meeting the expenses related to setting up of Biodiesel plant and issue expenses | 1.20 |
| 4 | To partially repay the working capital loan facility availed of from UnionBank of India for meeting the working capital requirements of the agrochemical division. At present the company is availing a limit of Rs 430 lakhsfrom union Bank of India | 2.67 |
| 5 | To meet the public issue expenses | 1.38 |
| 6 | To achieve the benefits of listing the Company’s shares on Bombay StockExchange Limited |
| KPI | |
|---|---|
| RoNW | 9.14% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 57.23% | 29.4% |
| Market Cap | ₹41.47 Cr. |
The Chemcel Bio-tech IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 1.70 | 1,38,00,000 | 2,34,11,500 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Brokerage | 0.24 |
| 2 | Lead Manager, registrar , Legal fee ,SEBI fee ,BSE fee | 0.31 |
| 3 | Advertisement | 0.20 |
| 4 | Printing of Application, Prospectus & Brochures | 0.32 |
| 5 | Grading agency | 0.02 |
| 6 | Postage – Registered | 0.08 |
| 7 | Conferences | 0.09 |
| 8 | Connectivity Charges to BSE | 0.01 |
| 9 | Deposit to BSE | 0.19 |
| 10 | Travelling, conveyance and other expenses | 0.15 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹16.00 |
| Open | ₹16.00 |
| Low | ₹4.75 |
| High | ₹16.25 |
| Last Trade | ₹5.25 |
Lead Manager Reports
Chemcel Bio-tech IPO is a main-board IPO of 1,54,00,206 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹16 per share. The minimum order quantity is .
The IPO opens on Tue, Sep 9, 2008, and closes on Fri, Sep 12, 2008.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Chemcel Bio-tech IPO using UPI as a payment gateway. Zerodha customers can apply in Chemcel Bio-tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemcel Bio-tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemcel Bio-tech IPO opens on Tue, Sep 9, 2008 and closes on Fri, Sep 12, 2008.
Chemcel Bio-tech IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Chemcel Bio-tech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chemcel Bio-tech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Chemcel Bio-tech IPO allotment status.
The Chemcel Bio-tech IPO listing date is on Mon, Oct 13, 2008.
