Chemcon IPO Review & Details

Chemcon IPO

About Chemcon Company (Chemcon IPO)

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 IPO

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.

If You are new for IPO, You can click here to read more about What is IPO and Detailed guide on an IPO

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

ParticularsFor the year/period ended (₹ in million)   
2020-03-31 00:00:002019-03-31 00:00:002018-03-31 00:00:002017-03-31 00:00:00
Total Assets2257.921730.33970.66626.8
Total Revenue2660.173053.261583.91899.96
Profit After Tax488.53430.41263.8128.24

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.

You can also apply for an IPO using SBI Net banking, you can check the full procedure on How to Apply for IPO using SBI IPO feature of SBI Net Banking

Chemcon IPO Details

IPO DateSep 21, 2020 - Sep 23, 2020
Issue TypeBook Built Issue IPO
Issue Size9,352,940 Eq Shares of Rs 10
(aggregating up to Rs 318.00 Cr)
Fresh Issue4,852,940 Eq Shares of Rs 10
(aggregating up to Rs 165.00 Cr)
Offer for Sale4,500,000 Eq Shares of Rs 10
(aggregating up to Rs 153.00 Cr)
Face ValueRs 10 per equity share
IPO PriceRs 338 to Rs 340 per equity share
Market Lot44 Shares
Min Order Quantity44 Shares
Listing AtBSE, NSE

Chemcon IPO Tentative Date

Bid/Offer Opens On2020-09-21 00:00:00
Bid/Offer Closes On2020-09-23 00:00:00
Finalisation of Basis of Allotment2020-09-28 00:00:00
Initiation of Refunds2020-09-29 00:00:00
Credit of Shares to Demat Acct2020-09-30 00:00:00
IPO Shares Listing Date2020-10-01 00:00:00

Chemcon IPO Lot Size and Price

ApplicationLotsSharesAmount (Cut-off)
Minimum144Rs 14,960
Maximum13572Rs 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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