Bookbuilding IPO | ₹113 Cr | Listed at NSE SME | Tue, Jun 25, 2024 - Thu, Jun 27, 2024
Petro Carbon IPO is a book build issue of ₹113.16 crores. The issue is entirely an offer for sale of 0.66 crore shares of ₹113.16 crore.
Petro Carbon IPO bidding started from Jun 25, 2024 and ended on Jun 27, 2024. The allotment for Petro Carbon IPO was finalized on Jun 28, 2024. The shares got listed on NSE SME on Jul 2, 2024.
Petro Carbon IPO price band is set at ₹171 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,36,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,73,600.
GYR 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 Giriraj Stock Broking Pvt.Ltd..
Refer to Petro Carbon IPO RHP for detailed Information.
IPO Open
Tue, Jun 25, 2024
IPO Close
Thu, Jun 27, 2024
Issue Price
₹171 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 25 to 27 Jun, 2024 |
| Listed on | Tue, Jul 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹171 |
| Issue Price | ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 66,17,600 shares (agg. up to ₹113 Cr) |
| Reserved for Market Maker | 4,30,400 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹7 Cr) |
| Offer for Sale | 61,87,200 shares of ₹10 (agg. up to ₹106 Cr) |
| Net Offered to Public | 61,87,200 shares (agg. up to ₹106 Cr) |
| Share Holding Pre Issue | 2,47,00,000 shares |
| Share Holding Post Issue | 2,47,00,000 shares |
| NSE Symbol | PCCL |
| ISIN | INE998U01015 |
Petro Carbon IPO comprises a total issue size of 66,17,600 shares. The net offer to the public is 61,87,200 shares, after excluding 4,30,400 shares allotted on a firm basis. Of the Net offer 30,92,000 (49.97%) are allocated to QIB, 9,28,800 (15.01%) allocated to NII 21,66,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,92,000 | 49.97% | 46.72% |
| − Anchor Investor Shares Offered | 18,55,200 | 28.03% | |
| − QIB (Ex. Anchor) Shares Offered | 12,36,800 | 18.69% | |
| NII (HNI) Shares Offered | 9,28,800 | 15.01% | 14.04% |
| Retail Shares Offered | 21,66,400 | 35.01% | 32.74% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,30,400 | 6.50% | |
| Total Shares Offered | 66,17,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,800 |
| Retail (Max) | 1 | 800 | ₹1,36,800 |
| HNI (Min) | 2 | 1,600 | ₹2,73,600 |
Petro Carbon IPO raises ₹31.72 crore from anchor investors. Petro Carbon IPO Anchor bid date is June 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jun 24, 2024 |
| Shares Offered | 18,55,200 |
| Anchor Portion (₹ Cr.) | 31.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jul 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Sep 26, 2024 |
Petro Carbon and Chemicals Limited, an ATHA Group company, was founded in 2007 and is engaged in the production of calcined petroleum coke (CPC) for the carbon industry.
The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke (RPC), also known as green petroleum coke, for use in the manufacture and production of aluminum, steel and various other carbon-based products.
The company's production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum; the plant is spread over an area of around 30 acres.
The company employs around 74 people at various levels in the areas of production, maintenance, marketing, sales, administration and corporate services. In addition, the company employs around 290 contract workers at its current production facility.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 274.32 | 263.79 | 277.04 | 159.92 |
| Total Income | 447.11 | 517.61 | 279.91 | 155.29 |
| Profit After Tax | 70.31 | 6.73 | 5.71 | 0.12 |
| NET Worth | 106.53 | 37.53 | 30.80 | 25.09 |
| Reserves and Surplus | 125.28 | 55.61 | 49.73 | 44.90 |
| Total Borrowing | 80.63 | 175.83 | 194.18 | 81.82 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
| KPI | Dec 31, 2023 |
|---|---|
| ROCE | 60.36% |
| Debt/Equity | 0.54 |
| RoNW | 66.00% |
| PAT Margin | 15.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 66.02 | |
| Promoter Holding | 100.00% |
The Petro Carbon and Chemicals IPO is subscribed 92.01 times on June 27, 2024 6:19:55 PM (Day 3). The public issue subscribed 74.34 times in the retail category, 94.49 times in the QIB category, and 129.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 94.49 | 12,36,800 | 11,68,69,600 |
| NII* | 129.91 | 9,28,800 | 12,06,63,200 |
| Retail | 74.34 | 21,66,400 | 16,10,51,200 |
| Total | 92.01 | 43,32,000 | 39,85,84,000 |
Total Application : 2,01,314
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Offer Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.50 |
| 2 | Advertising and Marketing Expenses | 0.10 |
| 3 | Fees payable to the stock exchange(s) | 0.12 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.01 |
| 5 | Brokerage and Selling Commission | 0.02 |
| 6 | Other Expenses (Banker’s to the offer, Auditor’s Fees etc.) | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹171.00 |
| Open | ₹300.00 |
| Low | ₹285.00 |
| High | ₹315.00 |
| Last Trade | ₹315.00 |
Lead Manager Reports
Petro Carbon IPO is a SME IPO of 66,17,600 equity shares of the face value of ₹10 aggregating up to ₹113 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 800.
The IPO opens on Tue, Jun 25, 2024, and closes on Thu, Jun 27, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Petro Carbon IPO using UPI as a payment gateway. Zerodha customers can apply in Petro Carbon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Petro Carbon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Petro Carbon IPO opens on Tue, Jun 25, 2024 and closes on Thu, Jun 27, 2024.
Petro Carbon IPO lot size is 800, and the minimum amount required for application is ₹1,36,800.
You can apply in Petro Carbon 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 Petro Carbon IPO will be done on Friday, June 28, 2024, and the allotted shares will be credited to your demat account by Mon, Jul 1, 2024. Check the Petro Carbon IPO allotment status.
The Petro Carbon IPO listing date is on Tue, Jul 2, 2024.
