✓
Open
21 Sep 2020
✓
Close
23 Sep 2020
3
Allotment
—
✓
Listing
Thu, Oct 1, 2020
Price Band
₹338 to ₹340
Issue Size
93,52,941 shares (agg. up to ₹318 Cr)
Lot Size
44 Shares
Listing Date
Thu, Oct 1, 2020
Latest GMP
₹310
Est. Gain
91.18%
✦ AI Insight
GMP Trend
30-09-2020₹310Est. ₹650+91.18%
29-09-2020₹325Est. ₹665+95.59%
26-09-2020₹325Est. ₹665+95.59%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 101.72x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|
| Assets | 225.79 | 173.03 | 97.07 |
| Total Income | 266.02 | 305.33 | 158.39 |
| Profit After Tax | 48.85 | 43.04 | 26.38 |
| EBITDA | 70.26 | 66.08 | 45.10 |
| NET Worth | 142.71 | 95.77 | 53.62 |
| Reserves and Surplus | 114.59 | 65.25 | 45.68 |
| Total Borrowing | 44.51 | 33.11 | 16.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rossari Biotech Ltd. | Mainboard | ₹496.25 Cr | ₹425 | 33.81 | ₹741.65 | +74.51% | ₹541.55 (+1.62%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards expansion of Manufacturing Facility | 41.03 |
| 2 | To meet working capital requirements | 90.00 |
| 3 | General corporate purposes | 18.76 |
About Chemcon Speciality Chemicals IPO
Incorporated in 1988, Chemcon Speciality Chemicals Ltd is a manufacturer of specialized chemical products i.e. HMDS and CMIC. Its product portfolio includes oilfield chemicals (Calcium Bromide, Sodium Bromide, and Zinc Bromide), Pharma intermediates, Silanes, and chemicals contract manufacturing work.Chemcon Chemicals is a leading manufacturer of Pharmaceutical chemicals and generates maximum revenue from this particular segment. Hetero Labs Limited, Laurus Labs Ltd, Aurobindo Pharma Ltd, Lantech Pharmaceuticals Ltd, Macleods Pharma Ltd are the key customers of its Pharma chemical business. However, Shree Radha Overseas, Universal Drilling Fluids, Water Systems Speciality are some of the clients of its oilfield chemicals segment. In 2018, it was the 8th largest manufacturer of HMDS and 2nd largest manufacturer of CMIC chemical worldwide.Company not only serves the domestic market but also export its products in overseas market such as USA, China, Japan, UAE, Serbia, Russia, Malaysia, and Azerbaijan. It has a manufacturing plant at Manjusar near Vadodara in Gujarat, 5 operational plants, 3 warehouses, and 2 leased warehouses.Competitive strengths• Largest manufacturer of pharmaceuti
Contact Details
Chemcon Speciality Chemicals Ltd. AddressBlock Number 355, Manjusar Kunpad RoadManjusar Village, Taluka SavliVadodara, Gujarat, 39177591 98795 64107investor.relations@cscpl.comVisit Website