Chemcon Speciality Chemicals Limited-IPO details – Date, Price, Size, GMP, Allotment Status, Subscription & Reviews

Chemcon Speciality Chemicals Limited is coming soon to get listed at stock exchange platform for trading in Secondary market. Interested clients can fetch details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Sep 21, 2020 with a price band of Rs. (Rs. 338 to Rs. 340) per equity share. The lot size of applying the IPO is for 44 shares. One can apply via ASBA and UPI to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company Profile: –

The company was incorporated on December 15, 1988 at Vadodara, Gujarat, India. It manufactures HMDS and CMIC kind of especial chemicals for pharmaceutical industry. The chemicals can also be used in inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide. The company delivers its products in domestic as well as international markets like U.S, Italy, South Korea, Germany, China, Japan, United Arab Emirates, Serbia, Russia, Spain, Thailand and Malaysia.

Hetero Labs Limited, Laurus Labs Limited, Aurobindo Pharma Limited, Sanjay Chemicals (India) Private Limited, Lantech Pharmaceuticals Limited, Ind-Swift Laboratories Limited, Vivin Drugs & Pharmaceuticals Limited and Macleod’s Pharmaceuticals Limited etc. are the important clients for its pharmaceutical Chemicals and key customers of company Oilwell Completion Chemicals includes Shree Radha Overseas, Water Systems Specialty Chemical DMCC and CC Gran Limited Liability Company.

The firm runs 7 operational plants and five leased warehouses located outside to its Manufacturing Facility in Manjusar, Vadodara.

 Positive Outlook of the Firm: –

1. One of the largest manufacturer of the Pharmaceutical Chemicals and the Oilwell Completion Chemicals.
2. Maintains strong relationship with its diversified customers,
3. Uses high entry barriers to manufacture its specialty chemicals,
4. Robust financial performance maintaining good financial records.
5. Manufacturing facility with dedicated plants for its products.
6. Occupied with high level management team and manpower.

Objects of the Issue: –

The issue includes offer for sale and Fresh issue:-

Offer for sale:- The Company will not get any proceeds from the Offer for Sale. The Selling Shareholder will be entitled to their respective portion of the proceeds of the Offer for Sale, net of their respective portion of the Issue related expenses.

Fresh Issue:-

• Capital expenditure towards expansion of Manufacturing Facility (“Project”);
• To meet working capital requirements; and
• General Corporate Purpose.

Summary Of Issue: –

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Promoters Of The Company:-

• Kamal Kumar
• Rajendra Aggarwal,
• NavdeepNareshGoyal,
• ShubharanganaGoyal