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:

  1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
  2. 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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets27,432.3526,379.1227,703.5615,992.29
Revenue44,711.1151,760.9927,990.7015,528.68
Profit After Tax7,031.16672.65570.9911.64
Net Worth10,653.343,752.813,080.172,509.17
Reserves and Surplus12,528.215,561.064,973.204,489.97
Total Borrowing8,063.0217,582.7819,418.008,182.43
Amount in ₹ Lakhs

Petro Carbon and Chemicals Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
02-07-2024 Listing171.00₹90 – No Change₹261 (52.63%)2-Jul-2024 9:28
01-07-2024171.00₹90 – No Change₹261 (52.63%)1-Jul-2024 23:24
30-06-2024171.00₹90 – No Change₹261 (52.63%)30-Jun-2024 23:31
29-06-2024171.00₹90 – No Change₹261 (52.63%)29-Jun-2024 23:32
28-06-2024 Allotment171.00₹90 – No Change₹261 (52.63%)28-Jun-2024 12:23
27-06-2024 Close171.00₹90 – Down₹261 (52.63%)27-Jun-2024 11:26
26-06-2024171.00₹110 – No Change₹281 (64.33%)26-Jun-2024 12:26
25-06-2024 Open171.00₹110 – Up₹281 (64.33%)25-Jun-2024 11:27
24-06-2024171.00₹100 – Down₹271 (58.48%)24-Jun-2024 10:56
23-06-2024171.00₹105 – No Change₹276 (61.4%)24-Jun-2024 0:27
22-06-2024171.00₹105 – Up₹276 (61.4%)23-Jun-2024 0:25
21-06-2024171.00₹101 – Up₹272 (59.06%)22-Jun-2024 0:32
20-06-2024171.00₹75 – Up₹246 (43.86%)21-Jun-2024 0:24
19-06-2024171.00₹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 Size800 Shares
Issue Size₹113.16 Cr
Fresh Issue₹113.16 Cr
Issue TypeBook Build Issue
IPO Listing At:NSE SME

Petro Carbon and Chemicals Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date25th Jun 2024
Closing Date27th Jun 2024
Basis of Allotment28th Jun 2024
Initiation of Refunds1st Jul 2024
Credit of Shares to Demat1st Jul 2024
Listing Date2nd Jul 2024

Prospectus File

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