| Chemcon Speciality Chemicals Ltd (CSCL) is manufacturer of specialized chemicals, engaged in the manufacturing and sale of the Pharmaceutical Chemicals and the Oilwell Completion Chemicals. Company supply products to domestic as well as exports. Pharmaceutical intermediates are the chemical compounds that form the building blocks used in production of API. The global market of chemicals used as pharma intermediates was valued at about USD 27bn in 2019 and is expected to grow at a CAGR of 4% between 2020 and 2023. (Source: Frost & Sullivan Report). CSCL is the only manufacturer of HMDS in India and third largest manufacturer of HMDS worldwideduring CY19 (source: Frost & Sullivan Report). Also, it is largest manufacturer of CMIC in India and the second largest manufacturer of CMIC worldwide, in terms of production and capacity in CY19 (source: Frost & Sullivan Report). Promoters of the company are Kamalkumar Rajendra Aggarwal, Navdeep Naresh Goyal and Shubharangana Goyal are promoters of the company Company is ISO 9001:2015 and 14001:2015 certified Manufacturing plant is located in Manjusar near Vadodara in the state of Gujarat, Western India Promoters of the company are Kamalkumar Rajendra Aggarwal, Navdeep Naresh Goyal and Shubharangana Goyal are promoters of the company IPO Size is Rs316-Rs318 crores and funds will be utilised on 1) Capital expenditure towards expansion of the Manufacturing Facility 2) To meet working capital requirements 3) General Corporate Purpose |
Disclaimer:Investments is subject matter of solicitation. Please read offer documents/DRHP/RHP carefully before investing. This article is just for information and not intend to invest. One should always refer and read DRHP/RHP and investment process and make own decision before investing in any investment product.
Key Business Services
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Key Financials |
| Particulars | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth YoY (%) | |||||
| EBITDA | |||||
| EBITDA Growth YoY (%) |
Key Management |
| Name | Designation |
|---|---|
| Kamalkumar Rajendra Aggarwal | Chairman and Managing Director |
| Navdeep Naresh Goyal | Director |
| Rajesh Chimanlal Gandhi | Director and the Chief Financial Officer |
| Himanshu Purohit | Director - Production |
| Rajveer Aggarwal | Director - Operations |
| Shahilkumar Maheshbhai Kapatel | Company Secretary and Compliance Officer |
Details of IPO
| Particulars | Details |
|---|---|
| Opening Date | 21-Sept-2020 |
| Closing Date | 23-Sept-2020 |
| Face Value | Rs 10/ Share |
| Price Band | Rs 338 to Rs 340/ share |
| Bid Lot | 44 shares and multiples thereof |
| Minimum Bid Amount | Rs 14,872 - Rs 14,960/- |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Above details may change. Typo error could possible. Please contact us to update details
Issue Details
| Particulars | Details |
|---|---|
| Issue Size | ~Rs 316 to Rs 318/- Crores |
| QIB Portion (%) | 50% |
| NII Portion (%) | 15% (Application for Lot size 15 and above |
| Retail Portion (%) | 35% (Application for Lot size between 1 and 14) |
| Employees Portion (%) | N/A |
| Existing Shareholders Portion (%) | N/A |
Above details are indicative and may change
Tentative Dates
Below are the indicative dates for the IPO
| Anchor Investors Bid/Offer | 18-Sept-2020 |
| Bid/Offer opening | 21-Sept-2020 |
| Bid/Offer closing | 23-Sept-2020 |
| Finalisation of Basis of Allotment | 28-Sept-2020 |
| Initiation of Refunds | 29-Sept-2020 onwards |
| Credit of Shares to Demat Accounts | 30-Sept-2020 onwards |
| Listing on Stock Exchange/s | 1-Oct-2020 |
Above dates are tentative and may change upon unforeseen circumstances
Subscription
Below are the figures of Subscriptions of IPO
| Particulars | Details |
|---|---|
| QIB | 113.45x |
| NII | 449.14 |
| Retail | 40.65x |
| Employees | N/A |
| Existing Shareholders | N/A |
| Total | 149.05x |
Calculate Bid amount per lot to see amount required to apply for this IPO
Above may change upon unforeseen circumstances
Lead Managers |
| List of Book Running and Lead/Co-Lead Manager/s |
|---|
| Intensive Fiscal Services Private Limited |
| Ambit Capital Private Limited |
Registrar |
| Name of Registrar/s |
|---|
| Link Intime India Pvt. Ltd. |
Check Allotment Status |
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FAQ:
IPO can be applied Online and Offline mode.
Online: a) Via Netbanking of Bank website b) Via Stock brokers portal
Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India.
UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register.
Source: NPCI
To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same.
Source: NPCI
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