Petro Carbon and Chemicals Limited SME IPO
Issue Size (Net)
up to ₹ 113.16 Cr
Price Band
₹ 162.00-171.00 per share
Issue Opens
Jun 25, 2024
Issue Closes
June 27, 2024
About Company – Petro Carbon and Chemicals
Petro Carbon And Chemicals Limited was founded in November 2007. “PCCL” is an ATHA Group company (the “Group”) engaged in the production and marketing of calcined petroleum coke (“CPC”) in the carbon industry. The Atha Group is a conglomerate of companies comprising several products, technologies and locations. It is a 70-year-old diversified Indian company headquartered in Kolkata.
PCCL’s business model is essentially a B2B model where the company supplies its end product CPC mainly to reputed state-owned aluminium producers, graphite electrode and titanium dioxide manufacturers and other users in the metallurgical and chemical industries and other steel manufacturers.
The PCCL plant has been in operation since 1975, with the detailed design and construction of the plant being carried out by Engineers India Limited. The plant was later acquired by the Group and modernised and upgraded in 2008. Over the last five years, the Group has strategically focused on vertical integration, technological innovation, diversification and strategic partnerships, resulting in operational expansion and excellence, which in turn has led to a significant improvement in the overall performance of the business.
Petro Carbon and Chemicals SME IPO Strengths
- Well positioned to capture the growth potential of the indian carbon industry..
- Track record of growth and efficient operations..
- Strategic location of our plant provides us with competitive advantages..
- Strong track record of financial performance..
- Experienced senior management and large pools of skilled manpower..
Petro Carbon and Chemicals SME IPO Objective
The objectives of the Offer are to:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
Petro Carbon and Chemicals Limited Financial Information (Restated Consolidated)
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 27,432.35 | 26,379.12 | 27,703.56 | 15,992.29 |
Revenue | 44,711.11 | 51,760.99 | 27,990.70 | 15,528.68 |
Profit After Tax | 7,031.16 | 672.65 | 570.99 | 11.64 |
Net Worth | 10,653.34 | 3,752.81 | 3,080.17 | 2,509.17 |
Reserves and Surplus | 12,528.21 | 5,561.06 | 4,973.20 | 4,489.97 |
Total Borrowing | 8,063.02 | 17,582.78 | 19,418.00 | 8,182.43 |
Amount in ₹ Lakhs |
Petro Carbon and Chemicals Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
02-07-2024 Listing | 171.00 | ₹90 – No Change | ₹261 (52.63%) | 2-Jul-2024 9:28 |
01-07-2024 | 171.00 | ₹90 – No Change | ₹261 (52.63%) | 1-Jul-2024 23:24 |
30-06-2024 | 171.00 | ₹90 – No Change | ₹261 (52.63%) | 30-Jun-2024 23:31 |
29-06-2024 | 171.00 | ₹90 – No Change | ₹261 (52.63%) | 29-Jun-2024 23:32 |
28-06-2024 Allotment | 171.00 | ₹90 – No Change | ₹261 (52.63%) | 28-Jun-2024 12:23 |
27-06-2024 Close | 171.00 | ₹90 – Down | ₹261 (52.63%) | 27-Jun-2024 11:26 |
26-06-2024 | 171.00 | ₹110 – No Change | ₹281 (64.33%) | 26-Jun-2024 12:26 |
25-06-2024 Open | 171.00 | ₹110 – Up | ₹281 (64.33%) | 25-Jun-2024 11:27 |
24-06-2024 | 171.00 | ₹100 – Down | ₹271 (58.48%) | 24-Jun-2024 10:56 |
23-06-2024 | 171.00 | ₹105 – No Change | ₹276 (61.4%) | 24-Jun-2024 0:27 |
22-06-2024 | 171.00 | ₹105 – Up | ₹276 (61.4%) | 23-Jun-2024 0:25 |
21-06-2024 | 171.00 | ₹101 – Up | ₹272 (59.06%) | 22-Jun-2024 0:32 |
20-06-2024 | 171.00 | ₹75 – Up | ₹246 (43.86%) | 21-Jun-2024 0:24 |
19-06-2024 | 171.00 | ₹51 – No Change | ₹222 (29.82%) | 20-Jun-2024 0:28 |
Petro Carbon and Chemicals Limited SME IPO Details
SME IPO Issue Opening Date: | June 25, 2024 |
SME IPO Issue Closing Date: | June 27, 2024 |
SME IPO Issue Price: | ₹162.00-171.00 Per Share |
Face Value | ₹10 Per Equity Share |
Lot Size | 800 Shares |
Issue Size | ₹113.16 Cr |
Fresh Issue | ₹113.16 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | NSE SME |
Petro Carbon and Chemicals Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 25th Jun 2024 |
Closing Date | 27th Jun 2024 |
Basis of Allotment | 28th Jun 2024 |
Initiation of Refunds | 1st Jul 2024 |
Credit of Shares to Demat | 1st Jul 2024 |
Listing Date | 2nd Jul 2024 |