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: –
- One of the largest manufacturer of the Pharmaceutical Chemicals and the Oilwell Completion Chemicals.
- Maintains strong relationship with its diversified customers,
- Uses high entry barriers to manufacture its specialty chemicals,
- Robust financial performance maintaining good financial records.
- Manufacturing facility with dedicated plants for its products.
- 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.
- Capital expenditure towards expansion of Manufacturing Facility (“Project”);
- To meet working capital requirements; and
- General Corporate Purpose.
Summary Of Issue: –
|Issue Open: –||Sep 21, 2020 to Sep 23,2020|
|Issue Type||Book Built Issue IPO|
|Issue Size (Value)||9,352,940 Eq Shares of ₹10
(aggregating up to ₹318.00 Cr)
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. [Rs. 338 to Rs. 340] Per Equity Share|
|Market lots||44 Shares|
|Minimum Order Quantity||44 Shares|
Important dates for Chemcon Speciality Chemicals Limited IPO Allotment
Chemcon Speciality Chemicals Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for Computer Age Management Service Limited are:
- The Allotment date for Chemcon Speciality Chemicals Limited IPO issue is expected on Sep 24,2020
- The amount will get unblocked on Sep 25,2020
- The Shares are expected to credit in DP accounts on Sep 25,2020
- The Shares of Chemcon Speciality Chemicals Limited IPO is likely to get listed on Sep 28,2020 on both BSE and NSE.
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Check Chemcon Speciality Chemicals Limited IPO Allotment Status
Chemcon Speciality Chemicals Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
It takes little time to fetch information so you need to be little patient.
Download “Chemcon Speciality Chemicals Limited IPO” IPO Application Form
From NSE: click here
Open Your Demat Account to Invest in Upcoming IPO’s
Promoters Of The Company:-
- Kamal Kumar
- Rajendra Aggarwal,
Financials:- (Restated Consolidated Financial Record)
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||2,257.92||1,730.33||970.66||626.80|
|Profit After Tax (PAT)||488.53||430.41||263.81||28.24|
Lead Manager Details
1)Intensive Fisca Services Private Limited
Address 914,9th Floor, Raheja Chambers,
Free Press Journal Marg, Nariman Point, Mumbai 400 021
Tel:- +91 2222 870443/44/45
Investor Grievance Email:-email@example.com
Contact Person: Harish Khajanchi/AnandRawal
SEBI Registration NO: – INM000011112
2) Ambit Capital Private Limited
Address: – Ambit House, 449SenapatiBapat Marg,
Lower Parel Mumbai 400 013
Tel:- +91 22 3043 3000
Investor Grievance Email:-firstname.lastname@example.org
Website: – www. ambit.co
Contact Person: -KrishnakantJaju/Sandeep Sharma
SEBI Registration No: – INM 000012379
Registrar To The Issue
Link Intime India Private Limited
C-101, First Floor, 247 Park
LalBhadurShastri Marg, Vikhroli (West), Mumbai 400 083
Tel:- +91 22 4918 6200
Investor Grievance Email: -email@example.com
Contact Person: – Shanti GopalKrishnan
Contact Person: Shanti GopalKrishnan
SEBI Registration No.:-INR000004058
Registered Office Details
Block Number 355, ManjusarKunpad Road,
Manjusar Village, TalukaSavli,
Corporate Office: – 9th Floor, Onxy Business Center,
AksharChowk, Old Padra Road, Vadodara 390020
Gujarat; Tel: +91 265 298 1195
Company Secretary and Compliment Officer Tel:- +91 265 298 3754
Corporate Identify Number: – U24231GJ1988PLC011652
For More Details Contact us 011-42445800 / 9650901058