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Chemcrux Enterprises IPO is a fixed price issue of ₹2.40 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹2.40 crore.
Chemcrux Enterprises IPO bidding started from Mar 15, 2017 and ended on Mar 20, 2017. The shares got listed on BSE SME on Mar 28, 2017.
Chemcrux Enterprises IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Chemcrux Enterprises IPO RHP for detailed Information.
| IPO Date | March 15, 2017 to March 20, 2017 |
| Listing Date | March 28, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,36,000 shares (aggregating up to ₹2.40 Cr) |
| Reserved for Market Maker | 72,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.1296 Cr) |
| Net Offered to Public | 12,64,000 shares (aggregating up to ₹2.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 36,00,280 shares |
| Share Holding Post Issue | 49,36,280 shares |
Chemcrux Enterprises IPO offers total 13,36,000 shares. Out of which 6,32,000 (47.31%) allocated to NII, 6,32,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.39%) |
| NII (HNI) Shares Offered | 6,32,000 (47.31%) |
| Retail Shares Offered | 6,32,000 (47.31%) |
| Total Shares Offered | 13,36,000 (100.00%) |
Chemcrux Enterprises IPO opens on March 15, 2017, and closes on March 20, 2017.
| IPO Open Date | Wed, Mar 15, 2017 |
| IPO Close Date | Mon, Mar 20, 2017 |
| Tentative Listing Date | Tue, Mar 28, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 20, 2017 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in 1996, Chemcrux Enterprises Ltd (CEL) is an ISO 9001:2008 and ISO 14001:2004 certified company, engaged in high pressure Oxidation, Chlorosulfonation, Nitration and Aceylation forb manufacturing of intermediates for bulk drugs, dyes and pigments.
Comapany is also exports its products to Europe, Egypt and United States of America. It also caters to customers with tailor made products. CE's major selling products are Lassamide, various Chloro Benzoic acids and Nitro Benzoic acids.
The Company Chemcrux Enterprises 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 | Working Capital Requirements | 1.60 |
| 2 | General Corporate Purpose | 0.40 |
[Dilip Davda] Issue is attractively priced, hence investors may consider investment for medium to long term. Read detail review...
| Listing Date | March 28, 2017 |
| BSE Script Code | 540395 |
| NSE Symbol | |
| ISIN | INE298W01016 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹21.60 |
| Low | ₹21.60 |
| High | ₹21.60 |
| Last Trade | ₹21.60 |
Chemcrux Enterprises Ltd.
T-7, National Plaza,
R.C. Dutt Road,
Vadodara, Gujarat, 390007
Phone: +91 265 2344803
Email: companysec@chemcrux.com
Website: http://www.chemcrux.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Chemcrux Enterprises IPO is a SME IPO of 13,36,000 equity shares of the face value of ₹10 aggregating up to ₹2.40 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on March 15, 2017, and closes on March 20, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Chemcrux Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Chemcrux Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chemcrux Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chemcrux Enterprises IPO opens on March 15, 2017 and closes on March 20, 2017.
Chemcrux Enterprises IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Chemcrux Enterprises 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 Chemcrux Enterprises IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Chemcrux Enterprises IPO allotment status.
The Chemcrux Enterprises IPO listing date is on Tuesday, March 28, 2017.
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