IPO Details

Issue Date 21/09 - 23/09
Issue Size ₹175.00 Cr
Issue Price ₹338 - 340
Market Lot 44 Shares
Shares on Offer 4,300,000
Registrar KFintech
GMP ₹315 - 325
Kostak ₹300 - 325
Subject to Sauda ₹10000
Listing Date 01 Oct 2020
Listing Price ₹584.8
Listing Gain% 72.00

About Chemcon Speciality Chemicals Limited

CHEMCON is an ISO 9001:2015 and 14001:2015 certified company.

Their manufacturing plant is located in Manjusar near Vadodara in the state of Gujarat, Western India.

They are one of the reliable partners for Completion Brines and the largest manufacturer of calcium bromide in India in calendar year 2019.

They are an ISO 9001:2015 and ISO 14001:2015 certified company for the “Manufacture and supply of Pharmaceutical Intermediates, Silanes and Oilfield Chemicals”. Their manufacturing facility is located at Manjusar near Vadodara in Gujarat.

They are a manufacturer of specialised chemicals, such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are predominantly used as completion fluids in the oilfields industry. They were the only manufacturer of HMDS in India and were the third largest manufacturer of HMDS worldwide in terms of production in the calendar year 2019 (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 calendar year 2019 (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 calendar year 2019 (source: Frost & Sullivan Report).

Expertise in these industries and the knowhow enable them to grow rapidly on international markets as well.

Company Promoters

KamalKumar Rajendra Aggarwal, Navdeep Naresh Goyal, and Shubharangana Goyal are the promoters of the company.

Objects of the Issue:

Firm purposes to utilize the net proceeds from the IPO towards below objectives;

  1. To meet capital expenditures for expansion of manufacturing facility.
  2. To meet business working capital requirements.
  3. To meet general corporate purposes.

The public issue of Chemcon Speciality Chemicals Limited is available for subscription from 21/09 till 23/09. The public issue worth ₹175.00 crore got subscribed 149.30 times. Chemcon Speciality Chemicals Limited shares were trading at a premium of ₹315 - 325 per equity share in the grey market.

The Lot size for this IPO is 44 and is available at a price of ₹338 - 340

Based on the Company Financials, for 31-Mar-19, the companys Asset was ₹1,730.33 Cr, Revenue was ₹3,043.16 Cr and Profit was ₹430.41 Cr

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 1,730.33 970.66 626.80
Total Revenue (In ₹ Millions) 3,043.16 1,584.72 899.96
Profit After Tax (PAT) (In ₹ Millions) 430.41 263.81 28.24

Chemcon Speciality Chemicals Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 21 September 0.00 1.24 9.83 5.19
Day 2 - 22 September 1.37 3.50 22.94 12.62
Day 3 - 23 September 113.54 449.14 41.15 149.30

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Chemcon Speciality Chemicals Limited IPO FAQs

  1. When will Chemcon Speciality Chemicals Limited IPO open?

    Chemcon Speciality Chemicals Limited IPO will open on 21/09 and close on 23/09.

  2. What is the listing date of Chemcon Speciality Chemicals Limited IPO?

    Chemcon Speciality Chemicals Limited IPO will list on 01 Oct 2020.

  3. What is the offer price of Chemcon Speciality Chemicals Limited IPO?

    The offer price of Chemcon Speciality Chemicals Limited IPO is ₹338 - 340.

  4. What is the lot size of Chemcon Speciality Chemicals Limited IPO?

    The lot size of Chemcon Speciality Chemicals Limited IPO is 44.

  5. What is the Grey Market Premium (GMP) price of Chemcon Speciality Chemicals Limited IPO?

    The Grey Market Premium (GMP) price of Chemcon Speciality Chemicals Limited IPO is ₹315 - 325.

  6. What is the Kostak price of Chemcon Speciality Chemicals Limited IPO?

    The Kostak price of Chemcon Speciality Chemicals Limited IPO is ₹300 - 325.

  7. What is the Subject to Sauda price for Chemcon Speciality Chemicals Limited IPO?

    The Subject to Sauda price for Chemcon Speciality Chemicals Limited IPO is ₹10000.

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