Petro Carbon and Chemicals IPO Details ( Petro Carbon and Chemicals Limited IPO Review )
(25 June 2024 – 27 June 2024)
Petro Carbon and Chemicals Limited, part of the ATHA Group, was established in 2007. The company specializes in producing calcined petroleum coke (CPC), a key material used in the carbon industry.
Production Process
Petro Carbon transforms raw petroleum coke (RPC), also known as green petroleum coke, into CPC. This product is essential in manufacturing aluminum, steel, and other carbon-based products.
Facility and Capacity
Located in Purba Medinipur, West Bengal, the production facility spans 30 acres and can produce around 93,744 tons of CPC annually.
Workforce
The company has a team of about 74 employees working in production, maintenance, marketing, sales, administration, and corporate services. Additionally, around 290 contract workers are employed at the production facility.
Petro Carbon and Chemicals Limited IPO Competitive Strength
- Well positioned to capture the growth potential of the Indian carbon industry
- Track record of growth and efficient operations
- Strategic location of our Plant provides us with competitive advantages
- Strong track record of financial performance
- Experienced senior management and large pools of skilled manpower
Petro Carbon and Chemicals IPO Financials Performance ( Results )
Petro Carbon and Chemicals Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 15,992.29 | 15,528.68 | 11.64 | 2,509.17 | 4,489.97 | 8,182.43 |
| 31-Mar-22 | 27,703.56 | 27,990.70 | 570.99 | 3,080.17 | 4,973.20 | 19,418.00 |
| 31-Mar-23 | 26,379.12 | 51,760.99 | 672.65 | 3,752.81 | 5,561.06 | 17,582.78 |
| 31-Dec-23 | 27,432.35 | 44,711.11 | 7,031.16 | 10,653.34 | 12,528.21 | 8,063.02 |
Objective of Petro Carbon and Chemicals IPO Issue
- 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 IPO Basic Details
| IPO Date | June 25, 2024 to June 27, 2024 |
| Listing Date | Friday, July 2, 2024 |
| Face Value | ₹10 per share |
| Price | ₹162 to ₹171 per share |
| Lot Size | 800 shares |
| Issue Size | 6,617,600 shares of ₹10 (aggregating up to ₹113.16 Cr) |
| Fresh Issue | 6,617,600 shares of ₹10 (aggregating up to ₹113.16 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 24,700,000 |
| Company Promoters | Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha |
Petro Carbon IPO Reservation
| Anchor Investor Shares Offered | 28.03% of the Net Issue |
| Market Maker Shares Offered | 6.50% of the Net Issue |
| QIB Shares Offered | 18.69% of the Net Issue |
| NII (HNI) Shares Offered | 14.04% of the Net Issue |
| Retail Shares Offered | 32.74% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Petro Carbon IPO Timetable
Petro Carbon IPO will open on June 25, 2024 and close on June 27, 2024. You can join Petro Carbon IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 June 2024 (Tuesday) |
| Closing Date | 27 June 2024 (Thursday) |
| Basis of Allotment | 28 June 2024 (Friday) |
| Initiation of Refunds | 1 July 2024 (Monday) |
| Credit of Shares to Demat | 1 July 2024 (Monday) |
| Listing Date | 2 July 2024 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 27 June 2024 |
Petro Carbon IPO Lot Size
For retail investors in Petro Carbon IPO, 800 shares will come in 1 lot or the minimum investment will be ₹136,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 1 | 800 | ₹136,800 |
| S-HNI (Min) | 2 | 1600 | ₹273,600 |
Petro Carbon and Chemicals IPO Promoter Holding
The company’s promoters include Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Petro Carbon and Chemicals Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | |
| Earning Per Share (EPS) | ₹2.59 per Equity Share |
| Net Asset Value (NAV) | ₹14.43 per Equity Share |
| P/E Ratio (P/E) (x) | |
| Post P/E Ratio (P/E) (x) | |
| Return on Net Worth (RoNW) (%) | 66.00 |
| Return on equity (ROE) (%) | |
| Return on Capital Employed (ROCE) (%) | 60.36 |
| Debt/Equity Ratio | 0.54 |
| Price/Book Value Ratio |
Petro Carbon and Chemicals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹90 | – | – |
| 28 June 2024 | ₹90 | – | – |
Petro Carbon and Chemicals IPO Detail Video:
link
Petro Carbon and Chemicals IPO Subscription Status (Bidding Detail)
The Petro Carbon and Chemicals IPO on June 27, 2024 at 7:02:00 PM was subscribed 92.01 times, with the retail category being subscribed 74.34 times, the NII (Non-Institutional Investor) category being subscribed 129.91 times, QIB (Qualified-Institutional Buyers) category being subscribed 94.49 times.
| Category | Subscription |
| QIB | 94.49x |
| NII | 129.91x |
| Retail | 74.34x |
| Total | 92.01x |
Petro Carbon and Chemicals IPO Prospectus
| Petro Carbon and Chemicals IPO DRHP | Download |
| Petro Carbon and Chemicals IPO RHP | Download |
| Petro Carbon and Chemicals IPO Anchor Investors Details PDF | Download |
Petro Carbon and Chemicals IPO Rating
| Our Rating | 3.5/5.0 |
Petro Carbon and Chemicals Company Contact Information
Petro Carbon and Chemicals Limited
Registered Office: Avani Signature, 6th Floor, 91A/1, Park Street, Kolkata, West Bengal, India, 700016
Telephone: 033-40118400
E-mail: pccl@athagroup.in
Facsimile: N.A
Website: www.pccl.in
Contact Person: Ms. Manisha Somani, Company Secretary & Compliance Officer
Corporate Identity Number: U24110WB2007PLC120212
Promoters of Our Company: Kishor Kumar Atha, Dilip Kumar Atha, Gaurav Atha, Vishal Atha and Bharat Atha
Petro Carbon and Chemicals IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. 56-2, 6th Floor, Pinnacle Business Park, Next to Ahura Center, Mahakali Caves Road, Andheri East, Mumbai-400 093, Maharashtra, India.
Tel: +91 22 6263 8200
Fax: +91 22 6263 8299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Vinayak Morbale
SEBI Registration Number: INR000001385;
CIN: U99999MH1994PTC076534
Petro Carbon and Chemicals IPO Lead Manager
GYR Capital Advisors Private Limited
(Formerly known as Alpha Numero Services Private Limited)
Registered Office: 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahemdabad-380 054, Gujarat, India.
Telephone: +91 +91 877 756 4648
Facsimile: N.A.
Email ID: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Investor Grievance ID: investors@gyrcapitaladvisors.com
Contact Person: Mr. Mohit Baid
SEBI Registration Number: INM000012810
Petro Carbon and Chemicals IPO FAQs
What is the lot size of Petro Carbon and Chemicals IPO?
The total size of Petro Carbon and Chemicals IPO is ₹113.16 crores and this is a complete fresh Issue.
When will Petro Carbon and Chemicals IPO start?
Petro Carbon and Chemicals IPO will open from 25 June 2024 and IPO will close on 27 June 2024.
What is the open date of Petro Carbon and Chemicals IPO?
Petro Carbon and Chemicals IPO will open date from 25 June 2024.
What is the last date ( close date ) of Petro Carbon and Chemicals IPO?
Petro Carbon and Chemicals IPO will close from 27 June 2024.
What is the price band of Petro Carbon and Chemicals IPO?
Petro Carbon and Chemicals IPO price band is ₹162 to ₹171. ( Upper Price Band: ₹171, Lower Price Band: ₹162 )
What is the minimum amount required to apply for Petro Carbon and Chemicals IPO?
The minimum investment for retailers to apply for Petro Carbon and Chemicals IPO is ₹136,800 and the maximum investment is ₹136,800.
What is going on gray market premium of Petro Carbon and Chemicals IPO?
View gray market premium of Petro Carbon and Chemicals IPO by Clicking Here
How much is the GMP of Petro Carbon and Chemicals IPO?
Watch Petro Carbon and Chemicals IPO GMP Today: Click Here
What is the allotment date of Petro Carbon and Chemicals IPO?
The allotment date of Petro Carbon and Chemicals IPO is 28 June 2024.
How to check allotment status in Petro Carbon and Chemicals IPO?
To check the allotment status of Petro Carbon and Chemicals IPO, first of all go to the registrar website by clicking here, select your bad Petro Carbon and Chemicals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Petro Carbon and Chemicals IPO?
The listing date of Petro Carbon and Chemicals IPO is 2 July 2024.
How much will be the listing gain in Petro Carbon and Chemicals IPO?
View listing gain of Petro Carbon and Chemicals IPO by Clicking Here
How much time Petro Carbon and Chemicals IPO is subscribed?
Total 92.01 times subscribed in Petro Carbon and Chemicals IPO out of which 74.34 times subscription was done in retail quota, 129.91 times subscription in NII quota and 94.49 times subscription in QIB quota.
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