Chemcon Speciality Chemicals Ltd. logo

Chemcon Speciality Chemicals was incorporated on December 15, 1988. The company is 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

Bidding Dates
21 Sep 2020 - 23 Sep 2020
Subscription
149.3x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹14,960113449.4 M₹338 - ₹34074.47 %₹3,161.3 M - ₹3,180.0 MRHP DOC

Chemcon Speciality IPO SUBSCRIPTION STATUS

23 Sep '20
Total149.3x
Retail Individual Investor41.15x
HNI (NII) Investors449.14x
Qualified Institutional Buyers113.54x

Chemcon Speciality IPO overall subscription rate was 149.3 times the total available shares

Chemcon Speciality IPO retail subscription rate was 41.15 times in the retail segment

Chemcon Speciality IPO non-institutional investor subscription rate was 449.14 times in the non-institutional investor category

Chemcon Speciality IPO Qualified Institutional Bidder subscription rate was 113.54 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
22 Sep 2020
(Day 2)
22.94x3.5x1.37x
23 Sep 2020
(Day 3)
41.15x449.14x113.54x
21 Sep 2020
(Day 1)
9.83x1.24x0x

Chemcon Speciality FINANCIALS

Period Net Profit (Rs in millions) Revenue from operations (Rs in millions) Cash Flow from operations (Rs in millions) Free Cash flow (Rs in millions) Margins
FY20 488.5 2,620.5 105.0 -47.9 26.8%
FY19 430.4 3,033.4 110.6 -24.6 21.8%
FY18 263.8 1,576.4 141.3 62.3 28.6%

Chemcon Speciality IPO SUBSCRIPTION STATUS DETAILS

Chemcon Speciality had 9.4 M shares on offer

Chemcon Speciality IPO offer price was in the range ₹338 - ₹340

Chemcon Speciality IPO minimum Investment was ₹14960

Chemcon Speciality IPO issue size was ₹ 3,161.3 M - ₹ 3,180.0 M

Chemcon Speciality had a minimum lot size of 44 Shares per application

Chemcon Speciality NUMBER OF SHARES ON OFFER

Total9.4 M
Fresh Issue4.9 M
Offer for Sale4.5 M
Post Issue Promoter Holding %74.47 %

Chemcon Speciality IPO IMPORTANT DATES

Issue Open Date21 Sep 2020
Issue close Date23 Sep 2020
Allotment Date28 Sep 2020
Refund Date29 Sep 2020
Demat Account Credit Date30 Sep 2020
Listing Date01 Oct 2020
Listing on Exchange(s)NSE and BSE
Chemcon Speciality Allotment StatusExchange

Chemcon Speciality IPO subscription opened on 21 Sep 2020, and closed on 23 Sep 2020

IPO allotment for Chemcon Speciality was finalized on Monday, 28 Sep 2020

IPO listing for Chemcon Speciality was on NSE and BSE on Thursday, 01 Oct 2020

Chemcon Speciality IPO LISTING GAINS

Issue Price (adjusted)340.0
Listing Open Price731.0
Listing Close Price584.8
Listing Gain%115.0%
Current Gain%-42.5%

Chemcon Speciality Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Chemcon Speciality Chemicals Ltd.195.6716.523.91.22.74.94.2255.415.223.6-3.58.220.3
Pidilite Industries Ltd.1553.6158240.4592.99.822.615.91486711.12448.917.926.420.6
SRF Ltd.248573661.632.30.8413.17.615893.67.21835.246.77741.1
Gujarat Fluorochemicals Ltd.4709.65173576.2-518.18.87.34.85126.35.6577.45.761.8-0.1
Himadri Speciality Chemical Ltd.568.628687.633.61.15.11611.948323.6751.335.216.930.3
Aether Industries Ltd.1552.320603.382.72.915.98.96.81181.134.2219.538.518.828

Chemcon Speciality IPO Reports

IPO NotePDF

Geojit BNP Paribas | Target: 0

05 Oct 2020
IPO NotePDF

Ashika Research

21 Sept 2020
IPO NotePDF

Way2Wealth

21 Sept 2020
IPO SubscribePDF

Angel Broking

19 Sept 2020

Chemcon Speciality INFORMATION ON IPO ISSUE

About Chemcon Speciality

Chemcon Speciality Chemicals was incorporated on December 15, 1988. The company is 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

Object of the Issue

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

Chemcon Speciality - PROMOTERS

Name
KamalKumar Rajendra Aggarwal
Shubharangana Goyal
Navdeep Naresh Goyal

Chemcon Speciality Book Running Lead Manager

Intensive Fiscal Services Private Limited

chemcon.ipo@intensivefiscal.com

Ambit Capital Private Limited

chemcon.ipo@ambit.co

Chemcon Speciality Registrar to the Offer

Link Intime India Private Limited

chemcon.ipo@linkintime.co.in

Chemcon Speciality Strengths

Leading manufacturer

The company is a leading manufacturer globally of Pharmaceutical Chemicals and we are a leading manufacturer in India of the Oilwell Completion Chemicals

Strength

Customer base

The company has a diversified customer base coupled with long-standing relationships

Strength

High entry barrier

The specialty chemicals industry in which the company operates has high entry barriers due to inter alia the involvement of complex chemistry in the manufacture of our Products, which is difficult to commercialize on a large scale

Strength

Financial performance

The company has a track record of operations of over two decades and has a strong balance sheet with stable cash flows

Strength

Chemcon Speciality Risks

Non-compliance

Promoters and certain members of the promoter group have filed an application for settlement with SEBI with respect to certain past noncompliances with respect to their holding in a listed company, which was a member of the promoter group

Risk

Limited product portfolio

The company has a limited product portfolio and business may be adversely affected if any of our products do not continue to perform as expected

Risk

IPO FAQs

  • This IPO consists of an offer for sale of up to Rs 153.0 crore, of 4,500,000 shares. It also consists of a fresh issue of Rs 165.0 crore.
  • The promoters of the company are KamalKumar Rajendra Aggarwal, Shubharangana Goyal and Navdeep Naresh Goyal.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 338.0 - 340.0.
  • The IPO application opens on Sep 21, 2020 and closes on Sep 23, 2020.
  • The minimum lot size for the IPO is 44. The maximum lot size for the IPO is 572.
  • For all category investors, the minimum application amount for this IPO is Rs. 14,960.0, the maximum value for this IPO is Rs 194,480.0.
  • This IPO will be allotted on Sep 28, 2020.
  • The refund will be credited to your account on Sep 29, 2020.
  • The allotted shares will be credited to your demat on Sep 30, 2020.
  • Chemcon Speciality Chemicals Ltd.’s shares listed on the stock exchanges on Oct 01, 2020.