CHEMCON IPO Review, Dates, Price Bands, Market Lot, Chemcon Speciality Chemicals IPO Grey Market Price Details
Chemcon Speciality Chemicals is going to launch its initial public offering on September 21. Chemcon, the manufacturer of specialised chemicals – HMDS and CMIC – which are predominantly used in the pharmaceuticals industry, is likely to raise around Rs 350-400 crore through its IPO.
The maiden public offer of Chemcon is expected to hit Dalal Street on September 21 and close on September 23.
About Chemcon Speciality Chemicals Limited
CHEMCON is an ISO 9001:2015 and 14001:2015 certified company. CHEMCON manufacturing plant is located in Manjusar near Vadodara in the state of Gujarat, Western India.
One of the reliable partners for Completion Brines and the largest manufacturer of calcium bromide in India in calendar year 2019.
Chemcon Speciality Chemicals an ISO 9001:2015 and ISO 14001:2015 certified company for the “Manufacture and supply of Pharmaceutical Intermediates, Silanes and Oilfield Chemicals”. Our manufacturing facility is located at Manjusar near Vadodara in Gujarat.
Chemcon Speciality Chemicals 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.
Chemcon Speciality Chemicals 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).
Chemcon Speciality Chemicals 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, Chemcon 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)
CHEMCON IPO – Issue Details:
| Issuer | Chemcon Speciality Chemicals Limited | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Sep 21, 2020 | |
| Issue Closes: Sep 23, 2020 | ||
| Price Brand | ₹338 to ₹340 per equity share | |
| Issue Size | ₹318.00 Cr | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 44 Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Offer for Sale | ₹318.00 Cr | |
| Listing at | NSE & BSE | |
| CHEMCON GMP | Chemcon IPO Grey Market Premium | |
| Upcoming IPO 2020 | Upcoming NCD 2020 |
How to Sell CHEMCON IPO Shares?
CHEMCON IPO LISTING DAY
CHEMCON IPO Listing ?(Listing Gain, Date & Time)
CHEMCON IPO GMP & ALLOTMENT
CHEMCON Checmical IPO Review
| Angel Broking IPO | Latest IPO |
| CHEMCON IPO | UTI AMC IPO |
| Happiest Minds IPO | Route Mobile IPO |
Chemcon IPO Dates & Price Band
| IPO Open: | 21 September 2020 |
| IPO Close: | 23 September 2020 |
| IPO Size: | ₹318.00 Cr (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹338 to ₹340 per equity share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 9,352,940 Shares |
CHEMCON IPO Market Lot:
| Lot Size: | Minimum 44 Shares & Maximum 572 Shares |
| Minimum Amount: | ₹14,960 |
| Maximum Amount: | ₹194,480 |
CHEMCON IPO Allotment & Listing:
| Basis of Allotment: | 28 September 2020 |
| Refunds: | 29 September 2020 |
| Credit to Demat Account: | 30 September 2020 |
| Listing Date: | 01 October 2020 |
Objects of the Issue:
Firm purposes to utilize the net proceeds from the IPO towards below objectives;
- To meet capital expenditures for expansion of manufacturing facility.
- To meet business working capital requirements.
- To meet general corporate purposes.
Chemcon Speciality Chemicals IPO Financial
Company Financials:
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,257.92 | 1,730.33 | 970.66 | 626.80 | |
| Total Revenue | 2,660.17 | 3,053.26 | 1,583.91 | 899.96 | |
| Profit After Tax | 488.53 | 430.41 | 263.81 | 28.24 | |
How to Apply CHEMCON IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in Chemcon Speciality Chemicals Limited IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply CHEMCON IPO through ASBA?
- How to Apply CHEMCON IPO through Zerodha KITE?
- How to Apply CHEMCON IPO through SBI Net Banking?
- How to Apply CHEMCON IPO through HDFC Netbanking?
How to Apply CHEMCON IPO With Kotak bank Internet banking?
Chemcon IPO GMP Today
Chemcon Speciality Chemicals IPO Grey Market Premium Updates
| Company Contact Info: |
|---|
| Chemcon Speciality Chemicals Limited Block Number 355, Manjusar Kunpad Road Manjusar Village, Taluka Savli Vadodara 391775 Phone: 91 98795 64107 Email: investor.relations@cscpl.com Website: http://www.cscpl.com/ |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| Chemcon Speciality Chemicals IPO Registrar: |
|---|
| Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: chemcon.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
Note: Check Chemcon Speciality Chemicals IPO allotment status on Link Intime website allotment
| Chemcon Speciality Chemicals IPO allotment status |
|---|
Link Intime Website (Click on the below Link)https://linkintime.co.in/MIPO/IPO_App.aspx |
| Upcoming IPO in India 2020 | How to Invest in Share Market? |
| Best Stock Trading Apps 2020 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
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Chemcon Speciality Chemical IPO FAQs
The CHEMCON IPO opens on Sep 21, 2020 and closes on Sep 23, 2020.
CHEMCON IPO listing date is 01 October 2020. The IPO to list on NSE and BSE.
CHEMCON IPO allotment date is 28 September 2020. You can check IPO allotment here.
You can apply CHEMCON IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ‘CHEMCON IPO’ row and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price. ‘Submit’ IPO application form. Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process for more detail.
The Grey Market Premium (GMP) price of Chemcon Speciality Chemicals Limited IPO is approx in between Rs.6000 – 10000/- at the moment.
The Subject to Sauda price for Chemcon Speciality Chemicals Limited IPO is approx Rs. 5000/-