Petro Carbon and Chemicals Limited IPO

Petro Carbon and Chemicals Limited IPO

  • IPO Date25 Jun, 2024 to 27 Jun, 2024
  • Listing Date02 Jul, 2024
  • Face Value₹10 per share
  • Issue Price₹162 to ₹171 per share
  • Lot Size800 Shares
  • Minimum Investment₹1,36,800
  • Listing AtNSE SME
  • Total Issue Size66,17,600 Shares
    (aggregating up to ₹113.16 Cr)
  • Fresh Issue66,17,600 Shares
    (aggregating up to ₹113.16 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue2,47,00,000
  • Shareholding post issue-
IPO Dates

Closing Date

27 Jun, 2024

Initiation of Refunds

01 Jul, 2024

Listing Date

02 Jul, 2024

25 Jun, 2024

Opening Date

28 Jun, 2024

Basis of Allotment

01 Jul, 2024

Credit of Shares

UPI Mandate Expiry Date:27 Jun, 2024

Petro Carbon and Chemicals Limited Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)1800₹1,36,800
B-HNI (Min)---
S-HNI (Min)21600₹2,73,600
Retail (Max)1800₹1,36,800
S-HNI (Max)---

Petro Carbon and Chemicals Limited Promoter Holding

Promoters of the company being Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.

Pre Issue Share HoldingPost Issue Share Holding
100%-

Petro Carbon and Chemicals Limited COMPANY INFORMATION

Petro Carbon and Chemicals IPO is a book built issue of Rs 113.16 crores. The issue is entirely an offer for sale of 66.18 lakh shares. Petro Carbon and Chemicals IPO opens for subscription on June 25, 2024 and closes on June 27, 2024. The allotment for the Petro Carbon and Chemicals IPO is expected to be finalized on Friday, June 28, 2024. Petro Carbon and Chemicals IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 2, 2024. Petro Carbon and Chemicals IPO price band is set at ₹162 to ₹171 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹273,600. GYR Capital Advisors Private Limited is the book running lead manager of the Petro Carbon and Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Petro Carbon and Chemicals IPO is Giriraj Stock Broking. Refer to Petro Carbon and Chemicals IPO RHP for detailed information.

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.

PetroCarbon and Chemicals Limited IPO Analysis

Overview of PetroCarbon and Chemicals Limited

PetroCarbon and Chemicals Limited is set to launch its Initial Public Offering (IPO), presenting an opportunity for investors to participate in its growth. The company operates in [insert industry], and its IPO is expected to draw significant attention due to [mention reasons, e.g., strong financial performance, strategic market positioning, etc.].

Company Background

PetroCarbon and Chemicals Limited was established in [year] and has since grown to become a key player in the [insert industry] industry. The company specializes in [mention core business areas, products, or services]. Over the years, it has built a strong reputation for [mention key strengths, such as innovation, quality, customer service, etc.].

Key Financials

  • Revenue: [Insert key revenue details, growth rate, and trends]
  • Profit Margins: [Insert profit margins and any notable changes]
  • Debt Levels: [Highlight debt-to-equity ratio and any relevant financial metrics]
  • Investment Highlights: [Mention any standout financial metrics that make the company an attractive investment]

Objectives of the IPO

The company aims to raise funds through the IPO for [mention objectives such as expansion, debt repayment, working capital requirements, etc.]. This capital infusion is expected to support the company's strategic initiatives, including [mention any specific projects or plans].

Pros and Cons of Investing in PetroCarbon and Chemicals Limited IPO

Pros:

  1. Strong Market Position: The company holds a significant share in the [insert industry], which provides a competitive advantage.
  2. Growth Potential: With the funds raised from the IPO, the company plans to [mention plans], which could drive future growth.
  3. Solid Financials: The company's financial performance has been stable, with [mention any positive financial indicators].
  4. Experienced Management Team: The leadership team has a proven track record in [mention relevant experience or achievements].

Cons:

  1. Industry Risks: The [insert industry] is subject to [mention any risks, such as regulatory changes, market volatility, etc.].
  2. High Debt Levels: The company has a relatively high debt-to-equity ratio, which could be a concern for investors.
  3. Market Saturation: The industry may be facing saturation, which could limit the company's growth prospects.
  4. Dependency on [insert factor]: The company's reliance on [mention any specific dependency, such as a particular market or resource] could be a vulnerability.

Risks Associated with the IPO

Investors should consider the following risks before investing in the PetroCarbon and Chemicals Limited IPO:

  • Market Volatility: The stock market is inherently volatile, and the company's share price could be affected by broader market trends.
  • Operational Risks: The company faces operational risks related to [mention any relevant risks, such as supply chain issues, production costs, etc.].
  • Regulatory Environment: Changes in regulations could impact the company's operations and profitability.

Conclusion

The PetroCarbon and Chemicals Limited IPO presents a compelling opportunity for investors, but it also comes with its own set of risks. Potential investors should weigh the pros and cons carefully and consider their own risk tolerance before making a decision. The company's strong market position and growth potential are key advantages, but industry risks and debt levels must not be overlooked.

FAQs About Petro Carbon And Chemicals Limited Ipo

Petro Carbon and Chemicals Limited IPO will open on 25 Jun, 2024 and close on 27 Jun, 2024. Investors must apply within this period to participate.

The Petro Carbon and Chemicals Limited IPO price band is set between ₹162.00 and ₹171.00 per share. The minimum lot size is 800, requiring an investment of at least ₹136800.00.

The Petro Carbon and Chemicals Limited IPO shares are expected to be listed on 02 Jul, 2024, subject to regulatory approvals and final allotment.

You can track your Petro Carbon and Chemicals Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Petro Carbon and Chemicals Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.