In this article, we will discuss in detail the Chemcon Speciality Chemicals IPO dates, size, allotment status, Chemcon Speciality Chemicals IPO subscription, grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Chemcon Speciality Chemicals IPO Highlights | |
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 4,300,000 |
| Share Price | Rs. 1,750 million |
| Share premium | NA |
| IPO Size | NA |
Summary – Chemcon Speciality Chemicals Limited
Chemcon Speciality Chemicals is a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry (the “Pharmaceutical Chemicals”), and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry (the “Oilwell Completion Chemicals”).
They were the only manufacturer of HMDS in India and were the eighth largest manufacturer of HMDS worldwide in terms of production in the calendar year 2018 (source: Frost & Sullivan Report).
They were the largest manufacturer of CMIC in India and the second-largest manufacturer of CMIC worldwide, in terms of production and capacity in the calendar year 2018 (source: Frost & Sullivan Report). Further, they were the only manufacturer of Zinc Bromide and the largest manufacturer of Calcium Bromide in India, in terms of production in the calendar year 2018 (source: Frost & Sullivan Report).
The Promoters of this company are Kamalkumar Rajendra Aggarwal, Shubharangana Goyal & Navdeep Naresh Goyal. The lead managers to the issue are Intensive Fiscal Services Private Limited & Ambit Capital Private Limited and the Registrar to this issue is Link Intime India Private Limited
Chemcon Speciality Chemicals IPO Review
- For Fiscals 2019, 2018 and 2017, their revenue from operations was Rs. 3,041.68 million, Rs. 1,583.07 million and Rs. 898.92 million, respectively, growing at a CAGR of 83.95% between Fiscal 2017 and Fiscal 2019.
- The EBITDA for Fiscals 2019, 2018 and 2017 was Rs. 679.21 million, Rs. 456.81 million and Rs. 86.60 million respectively, growing at a CAGR of 180.06% between Fiscal 2017 and Fiscal 2019, while their profit after tax for Fiscals 2019, 2018 and 2017 was Rs. 430.41 million, Rs. 263.81 million and Rs. 28.24 million respectively, growing at a CAGR of 290.39% between Fiscal 2017 and Fiscal 2019.
- In Fiscals 2019, 2018 and 2017, their Pharmaceutical Chemicals, contributed 62.99%, 61.97% and 46.89% of their total revenue from operations respectively, while their Oilwell Completion Chemicals, contributed 35.42%, 35.86% and 50.23% respectively of their total revenue from operations.
Chemcon Speciality Chemicals IPO Date
The opening and closing date of Chemcon IPO is [●].
Chemcon Speciality Chemicals IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
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The shares subscribed by the public will be updated here.
Chemcon Speciality Chemicals IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Chemcon Speciality Chemicals IPO Grey Market Premium
The Chemcon Speciality Chemicals IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Chemcon Speciality Chemicals IPO Price
The face value of each share is Rs 10, but the price band of the IPO is [●].
Chemcon Speciality Chemicals IPO Issue Size
The issue is of up to [●] Equity Shares for cash at a price of Rs. [●] per Equity Share (including a premium of Rs. [●] per Equity Share) aggregating up to Rs. [●] million comprising of a Fresh Issue of up to [●] Equity Shares aggregating up to Rs. 1,750 million by the Company and an Offer of Sale of up to 4,300,000 Equity Shares aggregating to Rs. [●] million by the Selling Shareholders. The Issue will constitute [●] % of the post-Issue paid-up Equity Share capital of the Company.
Chemcon Speciality Chemicals – Company Overview
Chemcon Speciality Chemicals Ltd was originally incorporated as Gujarat Quinone Private Limited at Vadodara, Gujarat, India, as a private limited company under the Companies Act, 1956, under a certificate of incorporation dated December 15, 1988, issued by the RoC. Their Promoters and Promoter Group completed the acquisition of 100% of the Equity Share capital of their Company in 2004 from the shareholders of the Company at the time.
Chemical Engineers Private Limited” (“CEPL”) was incorporated at Vadodara, Gujarat, India as a private limited company under the Companies Act, 1956, under a certificate of incorporation dated April 30, 1996, issued by the RoC. CEPL, a company largely owned and promoted by their Promoters and Promoter Group, merged into their Company under an order of the High Court of Gujarat dated May 6, 2004, approving the Scheme of Amalgamation between CEPL and the Company.
Thereafter, to reflect the nature of the activities of the Company consequent to the Scheme of Amalgamation, the name of the Company was changed to “Chemcon Speciality Chemicals Private Limited” under the approval of the Shareholders at an extraordinary general meeting held on July 24, 2004, and the fresh certificate of incorporation on change of name issued by the RoC on July 27, 2004.
Subsequently, the Company was converted into a public limited company under the approval of its Shareholders at an extraordinary general meeting held on November 28, 2018. Consequently, the name of their Company was changed to “Chemcon Speciality Chemicals Limited” and a Fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the RoC on April 10, 2019.
Chemcon Speciality Chemicals – Company Financials
Based on the Standalone statement:-
| Amount (in INR & Millions) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 1,730.33 | 970.66 | 626.80 |
| Total Revenue | 3,043.16 | 1,584.72 | 899.96 |
| Total Expense | 2,431.13 | 1,179.22 | 855.66 |
| Profit After Tax | 430.41 | 263.81 | 28.24 |
Chemcon Speciality Chemicals IPO Lead Managers
| Lead Managers |
| Intensive Fiscal Services Private Limited
Ambit Capital Private Limited |
Chemcon Speciality Chemicals Registrar to the Offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st floor, 247 Park 86 Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083, India Telephone: (91 22) 4918 6200 E-mail: chemcon.ipo@linkintime.co.in Investor grievance e-mail: chemcon.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Chemcon Speciality Chemicals IPO Conclusion
Chemcon Speciality Chemicals IPO News
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