Petro Carbon and Chemicals Limited IPO Detail
Petro Carbon and Chemicals Limited, an ATHA Group company, was founded in 2007 and is engaged in the production of calcined petroleum coke (CPC) for the carbon industry.
The company produces calcined petroleum coke, commonly known as CPC, from raw petroleum coke (RPC), also known as green petroleum coke, for use in the manufacture and production of aluminum, steel and various other carbon-based products.
The company's production facility is located in Purba Medinipur, West Bengal, and has a capacity of around 93,744 tons of CPC per annum; the plant is spread over an area of around 30 acres.
The company employs around 74 people at various levels in the areas of production, maintenance, marketing, sales, administration and corporate services. In addition, the company employs around 290 contract workers at its current production facility.
Company Promoters
Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.IPO Details
| IPO Opening Date | Jun 25, 2024 |
| IPO Closing Date | Jun 27, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹162 - 171 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE SME |
| Issue Size | ₹113.16 Cr |
| Fresh Issue | ₹113.16 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.15x | 0.00x | 0.00x | 2.83x | 3.42x | 2.36x |
| Day 2 | 0.15x | 0.00x | 0.00x | 7.19x | 12.31x | 7.74x |
| Day 3 | 94.49x | 0.00x | 0.00x | 129.91x | 74.34x | 92.01x |
IPO Tentative Timetable
The Petro Carbon and Chemicals Limited IPO open date is Jun 25, 2024, and the close date is Jun 27, 2024. The issue may list on Jul 02, 2024.
| IPO Open Date | Jun 25, 2024 |
| IPO Close Date | Jun 27, 2024 |
| Basis of Allotment Date | Jun 28, 2024 |
| Initiation of Refunds | Jul 01, 2024 |
| Credit of Shares to Demat Account | Jul 01, 2024 |
| IPO Listing Date | Jul 02, 2024 |
IPO Lot Size
The Petro Carbon and Chemicals Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136800 |
| Maximum | 1 | 800 | ₹136800 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 15992.29 | 15528.68 | 11.64 |
| 31-Mar-22 | 27703.56 | 27990.70 | 570.99 |
| 31-Mar-23 | 26379.12 | 51760.99 | 672.65 |
| 30-Sep-23 | 32390.89 | 35197.68 | 5028.58 |
Objects of the Issue:
The objectives of the Offer are to:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- Carry out the Offer for Sale of up to Equity Shares by the Selling Shareholders.
Petro Carbon and Chemicals Limited IPO Registrar:
Bigshare Services Pvt Ltd
Petro Carbon and Chemicals Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Petro Carbon and Chemicals Limited
Avani Signature, 6th Floor,
91A/1, Park Street,
Kolkata - 700016
