What you must know about Petro Carbon and Chemicals IPO?
by 5paisa Research Team
19 Jun 2024
Petro Carbon & Chemicals IPO Details
- Open Date 25-Jun-24
- Close Date 27-Jun-24
- Lot Size 800
- IPO Size ₹ 113.16 Cr
- IPO Price Range ₹ 162 to ₹ 171
- Min Investment ₹ 136,800
- Listing Exchange NSE SME
- Basis of Allotment 28-Jun-24
- Refunds 01-Jul-24
- Credit to Demat Account 01-Jul-24
- Listing Date 02-Jul-24
Petro Carbon & Chemicals IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jun-24 | 0.15 | 2.83 | 3.38 | 2.34 |
| 26-Jun-24 | 0.15 | 7.18 | 12.26 | 7.72 |
| 27-Jun-24 | 94.49 | 129.91 | 74.34 | 92.01 |
Petro Carbon & Chemicals IPO Synopsis
Last Updated: 27th June 2024, by 5paisa
Petro Carbon and Chemicals IPO is all set to open from 25th June to 27th June 2024. The company manufactures and markets Calcined Petroleum Coke. The IPO includes an Offer For Sale (OFS) of 6,617,600 shares worth ₹113.16 cr. The share allotment date is 28th June 2024, and the IPO will be listed on 2nd July 2024 on the stock exchanges. The price band is ₹162 to ₹171 and the lot size is 800 shares.
GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Petro Carbon and Chemicals IPO
Petro Carbon and Chemicals Limited plans will not receive any proceeds from the public issue.
Petro Carbon and Chemicals IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 113.16 |
| Offer for sale | 113.16 |
| Fresh issue | - |
Petro Carbon and Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 1 | 800 | ₹136,800 |
| HNI (Min) | 2 | 1600 | ₹273,600 |
Petro Carbon and Chemicals IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 94.49 | 12,36,800 | 11,68,69,600 | 1,998.47 |
| NII (HNI) | 129.91 | 9,28,800 | 12,06,63,200 | 2,063.34 |
| Retail | 74.34 | 21,66,400 | 16,10,51,200 | 2,753.98 |
| Total | 92.01 | 43,32,000 | 39,85,84,000 | 6,815.79 |
Petro Carbon and Chemicals IPO Anchor Allocation
| Anchor Bid Date | 24 June, 2024 |
| Total no. of shares offered | 1,855,200 |
| Portion Size for Anchor Investors | 31.72 Cr. |
| Lock in Period for 50% shares (30 days) | 28 July, 2024 |
| Lock in Period for rest of shares (90 days) | 26 September, 2024 |
About Petro Carbon & Chemicals
Petro Carbon and Chemicals Limited (PPCL) manufactures and markets Calcined Petroleum Coke for the Carbon industry. It is an ATHA Group company. The company has a B2B model. It supplies Calcined Petroleum Coke to aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers, and the metallurgical, chemical industries and other steel manufacturing companies.
It also received NALCO VIKRETA UTKARSH PURASKAR for being the top supplier of POL (Petroleum, Oil, and Lubricants) in 2018. The company’s manufacturing unit is based in West Bengal.
Peer Comparison
● Goa Carbon Limited
● India Carbon Limited
For More Information
Webstory on Petro Carbon and Chemicals IPO
Petro Carbon & Chemicals Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 515.50 | 276.96 | 152.00 |
| EBITDA | 16.22 | 12.05 | 2.84 |
| PAT | 6.72 | 5.70 | 0.12 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 263.78 | 277.03 | 159.92 |
| Share Capital | 26.00 | 26.00 | 26.00 |
| Total Borrowings | 182.18 | 201.30 | 89.05 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 62.68 | -61.25 | -1.36 |
| Net cash from / (used in) investing activities | -1.60 | -39.01 | -1.73 |
| Net cash flow from / (used in) financing activities | -39.77 | 103.93 | -0.88 |
| Net increase (decrease) in cash and cash equivalents | 31.30 | 3.66 | -3.98 |
Petro Carbon & Chemicals IPO Key Points
-
Strengths
1. The company is well-positioned to capture the growth potential of the Indian carbon industry.
2. It has a strong track record of growth and efficient operations.
3. The strategic location of its Plant provides the company with competitive advantages, which is a big plus.
4. The company has a strong track record of financial performance.
5. Experienced promoters and management team.
-
Risks
1. The company receives a majority of its revenue from sales of the aluminum and steel industry and has a single product CPC.
2. It is subject to strict technical specifications and quality requirements.
3. The business is working capital intensive.
4. It is exposed to foreign currency exchange rate fluctuations.
5. It has reported negative cash flow in the past.
Petro Carbon & Chemicals
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Petro Carbon & Chemicals IPO FAQs
When does the Petro Carbon and Chemicals IPO opens and closes?
Petro Carbon and Chemicals IPO opens from 25th June to 27th June 2024.
What is the size of Petro Carbon and Chemicals IPO?
The size of Petro Carbon and Chemicals IPO is ₹113.16 cr.
How to apply for Petro Carbon and Chemicals IPO?
To apply for Petro Carbon and Chemicals IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Petro Carbon and Chemicals IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Petro Carbon and Chemicals IPO?
The price band of Petro Carbon and Chemicals IPO is fixed at ₹162 to ₹171 per share.
What is the minimum lot size and investment required for Petro Carbon and Chemicals IPO?
The minimum lot size of Petro Carbon and Chemicals IPO is 800 shares and the investment required is ₹1,29,600.
What is the allotment date of Petro Carbon and Chemicals IPO?
The share allotment date of Petro Carbon and Chemicals IPO is 28th June 2024.
What is Petro Carbon and Chemicals IPO listing date?
The Petro Carbon and Chemicals IPO will be listed on 2nd July 2024.
Who are the book runners for Petro Carbon and Chemicals IPO?
GYR Capital Advisors Private Limited is the book-running lead manager for Petro Carbon and Chemicals IPO.
What is the objective of Petro Carbon and Chemicals IPO?
Petro Carbon and Chemicals plans will not receive any proceeds from the public issue.
Contact Details of Petro Carbon & Chemicals IPO
Contact Information
Petro Carbon and Chemicals Limited
Avani Signature, 6th Floor,
91A/1, Park Street,
Kolkata - 700016
Phone: 033-40118400
Email: pccl@athagroup.in
Website: http://www.pccl.in/
Petro Carbon & Chemicals IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Petro Carbon & Chemicals IPO Lead Manager
GYR Capital Advisors Private Limited
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