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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 ₹171.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,29,600 (800 shares). The minimum lot size investment for 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 Date | June 25, 2024 to June 27, 2024 |
| Listing Date | July 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹162 to ₹171 per share |
| Issue Price Final | ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 66,17,600 shares (aggregating up to ₹113.16 Cr) |
| Reserved for Market Maker | 4,30,400 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹7.36 Cr) |
| Net Offered to Public | 61,87,200 shares (aggregating up to ₹105.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,47,00,000 shares |
| Share Holding Post Issue | 2,47,00,000 shares |
Petro Carbon and Chemicals IPO offers total 66,17,600 shares. Out of which 30,92,000 (46.72%) allocated to QIB, 12,36,800 (18.69%) allocated to QIB, 9,28,800 (14.04%) allocated to NII, 21,66,400 (32.74%) allocated to RII and 18,55,200 (28.03%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,30,400 (6.50%) |
| QIB Shares Offered | 30,92,000 (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 (14.04%) |
| Retail Shares Offered | 21,66,400 (32.74%) |
| Total Shares Offered | 66,17,600 (100.00%) |
Petro Carbon IPO raises ₹31.72 crore from anchor investors. Petro Carbon IPO Anchor bid date is June 24, 2024. Petro Carbon IPO Anchor Investors list
| Bid Date | June 24, 2024 |
| Shares Offered | 18,55,200 |
| Anchor Portion Size (In Cr.) | 31.72 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 26, 2024 |
Petro Carbon IPO opens on June 25, 2024, and closes on June 27, 2024.
| IPO Open Date | Tue, Jun 25, 2024 |
| IPO Close Date | Thu, Jun 27, 2024 |
| Tentative Allotment | Fri, Jun 28, 2024 |
| Initiation of Refunds | Mon, Jul 1, 2024 |
| Credit of Shares to Demat | Mon, Jul 1, 2024 |
| Tentative Listing Date | Tue, Jul 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 27, 2024 |
Investors can bid for a minimum of 800 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 | 800 | ₹1,36,800 |
| Retail (Max) | 1 | 800 | ₹1,36,800 |
| HNI (Min) | 2 | 1,600 | ₹2,73,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Petro Carbon and Chemicals Limited's revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 27,432.35 | 26,379.12 | 27,703.56 | 15,992.29 |
| Total Income | 44,711.11 | 51,760.99 | 27,990.70 | 15,528.68 |
| Profit After Tax | 7,031.16 | 672.65 | 570.99 | 11.64 |
| Net Worth | 10,653.34 | 3,752.81 | 3,080.17 | 2,509.17 |
| Reserves and Surplus | 12,528.21 | 5,561.06 | 4,973.20 | 4,489.97 |
| Total Borrowing | 8,063.02 | 17,582.78 | 19,418.00 | 8,182.43 |
| Amount in ₹ Lakhs | ||||
| KPI | Values |
|---|---|
| ROCE | 60.36% |
| Debt/Equity | 0.54 |
| RoNW | 66.00% |
| PAT Margin | 15.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 66.02 |
The objectives of the Offer are to:
[Dilip Davda] The company is engaged in manufacturing and marketing of CPC in the carbon industry. Its financial performance has many surprises for the reported periods, which are presumed as accounting tactics. Hefty net profit for 9M-FY24 raises eyebrows. Based on annualized FY24 earnings, the issue appears lucratively priced, but based on FY23 earnings, it is exorbitantly priced. What is more, it is a pure secondary offer and no fund is going to the company. There appears to be some window dressing to fetch fancy valuations for the IPO. Only well-informed investors may park moderate fund for medium term. Read detail review...
| Listing Date | July 2, 2024 |
| BSE Script Code | |
| NSE Symbol | PCCL |
| ISIN | INE998U01015 |
| Final Issue Price | ₹171 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹171.00 |
| Open | ₹300.00 |
| Low | ₹285.00 |
| High | ₹315.00 |
| Last Trade | ₹315.00 |
Petro Carbon & Chemicals Ltd.
Avani Signature, 6th Floor,
91A/1,
Park Street,
Kolkata, West Bengal, 700016
Phone: 033-40118400
Email: pccl@athagroup.in
Website: http://www.pccl.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Petro Carbon IPO is a SME IPO of 66,17,600 equity shares of the face value of ₹10 aggregating up to ₹113.16 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 800.
The IPO opens on June 25, 2024, and closes on June 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 June 25, 2024 and closes on June 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 Monday, July 1, 2024. Check the Petro Carbon IPO allotment status.
The Petro Carbon IPO listing date is on Tuesday, July 2, 2024.
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