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petro carbon chemicals ipo

Petro Carbon & Chemicals IPO

  • Status: Closed
  • RHP:
  • ₹ 129,600 / 800 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    02 Jul 2024

  • Listing Price

    ₹ 300.00

  • Listing Change

    75.44%

  • Last Traded Price

    ₹ 214.20

IPO Details

  • Open Date

    25 Jun 2024

  • Close Date

    27 Jun 2024

  • IPO Price Range

    ₹ 162 to ₹ 171

  • IPO Size

    ₹ 113.16 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    02 Jul 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Petro Carbon & Chemicals IPO Subscription Status

Last Updated: 05 July 2024 10:31 AM by 5Paisa

Last Updated: 27th June 2024, by 5paisa

Petro Carbon and Chemicals IPO is all set to open from 25th June to 27th June 2024. The company manufactures and markets Calcined Petroleum Coke. The IPO includes an Offer For Sale (OFS) of 6,617,600 shares worth ₹113.16 cr. The share allotment date is 28th June 2024, and the IPO will be listed on 2nd July 2024 on the stock exchanges. The price band is ₹162 to ₹171 and the lot size is 800 shares.    

GYR Capital Advisors Private Limited is the book-running lead manager for this IPO, while  Bigshare Services Private Limited is the registrar. 

Objectives of Petro Carbon and Chemicals IPO

Petro Carbon and Chemicals Limited plans will not receive any proceeds from the public issue. 
 

Petro Carbon and Chemicals IPO Size

Types Size (₹Cr)
Total IPO size 113.16
Offer for sale 113.16
Fresh issue -

Petro Carbon and Chemicals IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 800 ₹136,800
Retail (Max) 1 800 ₹136,800
HNI (Min) 2 1600 ₹273,600

Petro Carbon and Chemicals IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 94.49 12,36,800 11,68,69,600 1,998.47
NII (HNI) 129.91 9,28,800 12,06,63,200 2,063.34
Retail 74.34 21,66,400 16,10,51,200 2,753.98
Total 92.01 43,32,000 39,85,84,000 6,815.79

Petro Carbon and Chemicals IPO Anchor Allocation

Anchor Bid Date 24 June, 2024
Total no. of shares offered 1,855,200
Portion Size for Anchor Investors 31.72 Cr. 
Lock in Period for 50% shares (30 days) 28 July, 2024
Lock in Period for rest of shares (90 days) 26 September, 2024

Petro Carbon and Chemicals Limited (PPCL) manufactures and markets Calcined Petroleum Coke for the Carbon industry. It is an ATHA Group company. The company has a B2B model. It supplies Calcined Petroleum Coke to aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers, and the metallurgical, chemical industries and other steel manufacturing companies.

It also received NALCO VIKRETA UTKARSH PURASKAR for being the top supplier of POL (Petroleum, Oil, and Lubricants) in 2018. The company’s manufacturing unit is based in West Bengal. 

Peer Comparison

●    Goa Carbon Limited
●    India Carbon Limited

For More Information
Webstory on Petro Carbon and Chemicals IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 515.50 276.96 152.00
EBITDA 16.22 12.05 2.84
PAT 6.72 5.70 0.12
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 263.78 277.03 159.92
Share Capital 26.00 26.00 26.00
Total Borrowings 182.18 201.30 89.05
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 62.68 -61.25 -1.36
Net cash from / (used in) investing activities -1.60 -39.01 -1.73
Net cash flow from / (used in) financing activities -39.77 103.93 -0.88
Net increase (decrease) in cash and cash equivalents 31.30 3.66 -3.98


Strengths

1.    The company is well-positioned to capture the growth potential of the Indian carbon industry.
2.    It has a strong track record of growth and efficient operations.
3.    The strategic location of its Plant provides the company with competitive advantages, which is a big plus. 
4.    The company has a strong track record of financial performance.
5.    Experienced promoters and management team.
 

Risks

1.    The company receives a majority of its revenue from sales of the aluminum and steel industry and has a single product CPC. 
2.    It is subject to strict technical specifications and quality requirements.
3.    The business is working capital intensive. 
4.    It is exposed to foreign currency exchange rate fluctuations.
5.    It has reported negative cash flow in the past. 
 

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FAQs

Petro Carbon and Chemicals IPO opens from 25th June to 27th June 2024.
 

The size of Petro Carbon and Chemicals IPO is ₹113.16 cr. 

To apply for Petro Carbon and Chemicals IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Petro Carbon and Chemicals IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.  

You will receive a mandate notification to block funds in your UPI app.

The price band of Petro Carbon and Chemicals IPO is fixed at ₹162 to ₹171 per share. 

The minimum lot size of Petro Carbon and Chemicals IPO is 800 shares and the investment required is ₹1,29,600.

The share allotment date of Petro Carbon and Chemicals IPO is 28th June 2024.

The Petro Carbon and Chemicals IPO will be listed on 2nd July 2024.

GYR Capital Advisors Private Limited is the book-running lead manager for Petro Carbon and Chemicals IPO.

Petro Carbon and Chemicals plans will not receive any proceeds from the public issue.