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Open
31 Oct to 2 Nov, 2022
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Close
31 Oct to 2 Nov, 2022
3
Allotment
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Listing
Fri, Nov 11, 2022
Price Band
₹75 per share
Issue Size
11,95,200 shares (agg. up to ₹9 Cr)
Lot Size
1,600 Shares
Listing Date
Fri, Nov 11, 2022
Latest GMP
₹4
Est. Gain
5.33%
✦ AI Insight
GMP Trend
11-11-2022₹4Est. ₹79+5.33%
10-11-2022₹4Est. ₹79+5.33%
09-11-2022₹4Est. ₹79+5.33%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.54x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 12.41 | 10.39 | 6.78 | 6.67 |
| Total Income | 10.36 | 5.66 | 3.84 | 5.75 |
| Profit After Tax | 0.17 | 0.26 | 0.01 | 0.16 |
| NET Worth | 5.20 | 5.02 | 0.63 | 0.63 |
| Reserves and Surplus | 2.16 | 1.99 | 0.62 | 0.62 |
| Total Borrowing | 0.97 | 1.06 | 3.29 | 2.58 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vital Chemtech Ltd. | SME | ₹64.64 Cr | ₹101 | 14.94 | ₹163.10 | +61.49% | ₹50.77 (-1.99%) |
| Bhatia Colour Chem Ltd. | SME | ₹40.00 Cr | ₹80 | 166 | ₹42.00 | -47.50% | ₹41.12 (-3.06%) |
| Aether Industries Ltd. | Mainboard | ₹808.04 Cr | ₹642 | 72.3 | ₹774.40 | +20.62% | ₹1,475.30 (-1.42%) |
| HP Adhesives Ltd. | Mainboard | ₹125.96 Cr | ₹274 | null | ₹330.75 | +20.71% | ₹34.03 (+0.23%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 6.75 |
| 2 | General Corporate Purposes | 0.50 |
| 3 | Issue Expenses | 1.71 |
About Rite Zone Chemcon IPO
Incorporation in 2015, Rite Zone Chemcon India Limited deals in a range of construction chemicals and concrete products. The company offers complete construction solutions by supplying a complete range of various chemical products related to civil construction, infrastructure, building & structure including pre-construction or post construction as well as supplying all types of concrete required for construction and infrastructure developments. The company's products include Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agents, Surface Treatment, Tiling & Block Products. Rite Zone Chemcon India Limited outsource the chemical products production to a third-party manufacturer. The company has also tied up with concrete manufacturers in Maharashtra for concrete production. Strengths: Wide product portfolio with a focus on quality. Quality Assurance and customer satisfaction. Asset Light business model with low fixed overheads. R&D set up for constant product improvement and new product development. Longstanding customer relationships leading to increased business opportunitie
Contact Details
Rite Zone Chemcon India Ltd. AddressRow House 11Beverly Park, Row House CHS LtdMira RoadThane, Maharashtra, 401107+91 22 6884 9680cs@ritezone.inVisit Website