Bookbuilding IPO | ₹318 Cr | Listed at BSE, NSE | Mon, Sep 21, 2020 - Wed, Sep 23, 2020
Chemcon Speciality Chemicals IPO is a book build issue of ₹318.00 crores. The issue is a combination of fresh issue of 0.49 crore shares aggregating to ₹165.00 crores and offer for sale of 0.45 crore shares aggregating to ₹153.00 crores.
Chemcon Speciality Chemicals IPO bidding started from Sep 21, 2020 and ended on Sep 23, 2020. The allotment for Chemcon Speciality Chemicals IPO was finalized on Sep 28, 2020. The shares got listed on BSE, NSE on Oct 1, 2020.
Chemcon Speciality Chemicals IPO price band is set at ₹340 per share. The lot size for an application is 44. The minimum amount of investment required by an retail is ₹14,960 (44 shares) (based on upper price). The lot size investment for sNII is 14 lots (616 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (2,948 shares), amounting to ₹10,02,320.
Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Chemcon Speciality Chemicals IPO RHP for detailed Information.
IPO Open
Mon, Sep 21, 2020
IPO Close
Wed, Sep 23, 2020
Issue Price
₹340 per share
Market Cap (Pre-IPO)
₹1,245.44 Cr
| IPO Date | 21 to 23 Sep, 2020 |
| Listed on | Thu, Oct 1, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹338 to ₹340 |
| Issue Price | ₹340 per share |
| Lot Size | 44 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 93,52,941 shares (agg. up to ₹318 Cr) |
| Fresh Issue | 48,52,941 shares (agg. up to ₹165 Cr) |
| Offer for Sale | 45,00,000 shares of ₹10 (agg. up to ₹153 Cr) |
| Share Holding Pre Issue | 3,17,77,760 shares |
| Share Holding Post Issue | 3,66,30,701 shares |
| BSE Script Code / NSE Symbol | 543233 / CHEMCON |
| ISIN | INE03YM01018 |
Chemcon Speciality Chemicals IPO comprises a total issue size of 93,52,941 shares. Out of which, 46,76,469 (50.00%) are allocated to QIB, 14,02,942 (15.00%) allocated to NII 32,73,530 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 46,76,469 | 50.00% | NA |
| − Anchor Investor Shares Offered | 28,05,880 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,70,589 | 20.00% | NA |
| NII (HNI) Shares Offered | 14,02,942 | 15.00% | NA |
| Retail Shares Offered | 32,73,530 | 35.00% | 74,398 |
| Total Shares Offered | 93,52,941 | 100.00% |
Investors can bid for a minimum of 44 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,960 |
| Retail (Max) | 13 | 572 | ₹1,94,480 |
| S-HNI (Min) | 14 | 616 | ₹2,09,440 |
| S-HNI (Max) | 66 | 2,904 | ₹9,87,360 |
| B-HNI (Min) | 67 | 2,948 | ₹10,02,320 |
Chemcon Speciality Chemicals IPO raises ₹95.40 crore from anchor investors. Chemcon Speciality Chemicals IPO Anchor bid date is September 18, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 18, 2020 |
| Shares Offered | 28,05,880 |
| Anchor Portion (₹ Cr.) | 95.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 28, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 27, 2020 |
Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC. Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemicals contract manufacturing work.
Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business. However, Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.
Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan. It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.
Competitive strengths
• Largest manufacturer of pharmaceutical chemicals across the globe.
• Leading oilfield chemicals manufacturer in India.
• Diversified clientele base in the domestic and global markets.
• Strong and consistent financial performance.
• Dedicated manufacturing plants for each product.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards expansion of Manufacturing Facility | 41.03 |
| 2 | To meet working capital requirements | 90.00 |
| 3 | General corporate purposes | 18.76 |
The Chemcon IPO is subscribed 149.3 times on September 23, 2020 6:48:04 PM (Day 3). The public issue subscribed 41.15 times in the retail category, 113.54 times in the QIB category, and 449.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 113.54 | 18,68,344 | 21,21,24,704 |
| NII | 449.14 | 14,07,249 | 63,20,57,844 |
| Retail | 41.15 | 32,83,580 | 13,51,04,420 |
| Total | 149.3 | 65,59,173 | 97,92,86,968 |
The Percentage of Offer Size available for Allotment/allocation:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission) | 15.75 |
| 2 | Brokerage and selling commission payable to Syndicate Members, SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.84 |
| 3 | Processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 3.25 |
| 4 | Fees payable to Registrar to the Issue | 1.38 |
| 5 | Printing and distribution expenses | 1.18 |
| 6 | Advertising and marketing expenses | 2.33 |
| 7 | Listing fees, SEBI, BSE and NSE processing fees, Book-building software fees, Other regulatory expenses, Fees payable to legal counsel, and Miscellaneous | 4.58 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹340.00 | ₹340.00 |
| Open | ₹730.95 | ₹731.00 |
| Low | ₹584.80 | ₹584.80 |
| High | ₹743.80 | ₹731.25 |
| Last Trade | ₹584.80 | ₹584.80 |
Lead Manager Reports
Chemcon Speciality Chemicals IPO is a main-board IPO of 93,52,941 equity shares of the face value of ₹10 aggregating up to ₹318 Crores. The issue is priced at ₹340 per share. The minimum order quantity is 44.
The IPO opens on Mon, Sep 21, 2020, and closes on Wed, Sep 23, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Chemcon Speciality Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Chemcon Speciality Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemcon Speciality Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemcon Speciality Chemicals IPO opens on Mon, Sep 21, 2020 and closes on Wed, Sep 23, 2020.
Chemcon Speciality Chemicals IPO lot size is 44, and the minimum amount required for application is ₹14,960.
You can apply in Chemcon Speciality Chemicals 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 Chemcon Speciality Chemicals IPO will be done on Monday, September 28, 2020, and the allotted shares will be credited to your demat account by Wed, Sep 30, 2020. Check the Chemcon Speciality Chemicals IPO allotment status.
The Chemcon Speciality Chemicals IPO listing date is on Thu, Oct 1, 2020.
