About Chemcon Company (Chemcon IPO)
Table of Contents
Chemcon Speciality Chemicals Ltd Incorporated in 1988, is a manufacturer of specific chemical products. Its product portfolio includes oilfield chemicals like Calcium Bromide, Sodium Bromide, and Zinc Bromide, Pharma intermediates, Silanes, and chemicals contract manufacturing work.
Chemcon Chemicals Ltd is a leading manufacturer of Pharmaceutical chemicals and produces maximum revenue from this particular portion. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business.
In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.
The company not only serves the domestic market but also export its products in overseas markets 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.
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Chemcon Competitive strengths
- The 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.
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Company Financial Details
| Particulars | For the year/period ended (₹ in million) | |||
|---|---|---|---|---|
| 2020-03-31 00:00:00 | 2019-03-31 00:00:00 | 2018-03-31 00:00:00 | 2017-03-31 00:00:00 | |
| Total Assets | 2257.92 | 1730.33 | 970.66 | 626.8 |
| Total Revenue | 2660.17 | 3053.26 | 1583.91 | 899.96 |
| Profit After Tax | 488.53 | 430.41 | 263.81 | 28.24 |
Purposes of the Issue
The purpose of the issue is
- To meet capital expenditures for expansion of manufacturing facility.
- To meet business working capital requirements.
- To meet general corporate purposes.
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Chemcon IPO Details
| IPO Date | Sep 21, 2020 - Sep 23, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 9,352,940 Eq Shares of Rs 10 (aggregating up to Rs 318.00 Cr) |
| Fresh Issue | 4,852,940 Eq Shares of Rs 10 (aggregating up to Rs 165.00 Cr) |
| Offer for Sale | 4,500,000 Eq Shares of Rs 10 (aggregating up to Rs 153.00 Cr) |
| Face Value | Rs 10 per equity share |
| IPO Price | Rs 338 to Rs 340 per equity share |
| Market Lot | 44 Shares |
| Min Order Quantity | 44 Shares |
| Listing At | BSE, NSE |
Chemcon IPO Tentative Date
| Bid/Offer Opens On | 2020-09-21 00:00:00 |
| Bid/Offer Closes On | 2020-09-23 00:00:00 |
| Finalisation of Basis of Allotment | 2020-09-28 00:00:00 |
| Initiation of Refunds | 2020-09-29 00:00:00 |
| Credit of Shares to Demat Acct | 2020-09-30 00:00:00 |
| IPO Shares Listing Date | 2020-10-01 00:00:00 |
Chemcon IPO Lot Size and Price
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 44 | Rs 14,960 |
| Maximum | 13 | 572 | Rs 194,480 |
Registrar of Chemcon IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: chemcon.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Chemcon Contact Details
Chemcon Speciality Chemicals Limited
Block Number 355, Manjusar Kunpad Road
Manjusar Village, Taluka Savli
Vadodara 391775
Phone: 91 98795 64107
Email: investor.relations@cscpl.com
Website: http://www.cscpl.com/
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