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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 ₹340.00 per share . The lot size for an application is 44. The minimum amount of investment required by an retail is ₹14,872 (44 shares). 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 Date | September 21, 2020 to September 23, 2020 |
| Listing Date | October 1, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹338 to ₹340 per share |
| Issue Price Final | ₹340 per share |
| Lot Size | 44 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 93,52,941 shares (aggregating up to ₹318.00 Cr) |
| Fresh Issue | 48,52,941 shares (aggregating up to ₹165.00 Cr) |
| Offer for Sale | 45,00,000 shares of ₹10 (aggregating up to ₹153.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,17,77,760 shares |
| Share Holding Post Issue | 3,66,30,701 shares |
Chemcon IPO offers total 93,52,941 shares. Out of which 46,76,469 (50.00%) allocated to QIB, 18,70,589 (20.00%) allocated to QIB, 14,02,942 (15.00%) allocated to NII, 32,73,530 (35.00%) allocated to RII and 28,05,880 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Chemcon Speciality Chemicals IPO opens on September 21, 2020, and closes on September 23, 2020.
| IPO Open Date | Mon, Sep 21, 2020 |
| IPO Close Date | Wed, Sep 23, 2020 |
| Tentative Allotment | Mon, Sep 28, 2020 |
| Initiation of Refunds | Tue, Sep 29, 2020 |
| Credit of Shares to Demat | Wed, Sep 30, 2020 |
| Tentative Listing Date | Thu, Oct 1, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 23, 2020 |
Investors can bid for a minimum of 44 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,257.92 | 1,730.33 | 970.66 | 626.80 | |
| Total Revenue | 2,660.17 | 3,053.26 | 1,583.91 | 899.96 | |
| Profit After Tax | 488.53 | 430.41 | 263.81 | 28.24 | |
The Company Chemcon Speciality Chemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Capital expenditure towards expansion of Manufacturing Facility | 41.03 |
| 2 | To meet working capital requirements | 90.00 |
| 3 | General corporate purposes | 18.76 |
[Dilip Davda] CSCL has posted steady growth in its bottom line despite all odds. It is adding new capacities of 67% which will be operations by the first quarter of CY2022. Many of its products have lion market share. Issue pricing appears reasonable. Investors may consider investment for the medium to long term. Read detail review...
The Percentage of Offer Size available for Allotment/allocation:
| Listing Date | October 1, 2020 |
| BSE Script Code | 543233 |
| NSE Symbol | CHEMCON |
| ISIN | INE03YM01018 |
| Final Issue Price | ₹340 per share |
| BSE Listing Group | B |
Chemcon Speciality Chemicals Ltd.
Block Number 355, Manjusar Kunpad Road
Manjusar Village, Taluka Savli
Vadodara 391775
Vadodara, Gujarat
Phone: 91 98795 64107
Email: investor.relations@cscpl.com
Website: http://www.cscpl.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: chemcon.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Chemcon Speciality Chemicals IPO is a main-board IPO of 93,52,941 equity shares of the face value of ₹10 aggregating up to ₹318.00 Crores. The issue is priced at ₹340 per share. The minimum order quantity is 44.
The IPO opens on September 21, 2020, and closes on September 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 September 21, 2020 and closes on September 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 Wednesday, September 30, 2020. Check the Chemcon Speciality Chemicals IPO allotment status.
The Chemcon Speciality Chemicals IPO listing date is on Thursday, October 1, 2020.
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