Petro Carbon and Chemicals IPO will open for subscription from 25 June 2024. The company aims for an issue size of ₹113.16 Cr through this IPO.
Company Overview
| Full name | Petro Carbon and Chemicals Limited |
| Sector | Industrials Gases & Fuels |
| Industry | Industrials Gases & Fuels |
| Company Website | https://pccl.in/ |
About Company
Petro Carbon and Chemicals (PCCL), a proud member of the ATHA Group, excels in the creation and distribution of Calcined Petroleum Coke (CPC) within the carbon sector. They transform raw petroleum coke (RPC), often referred to as green petroleum coke, into the refined product known as CPC. This crucial material serves as a cornerstone in the production of aluminum, steel, and an array of other carbon-intensive products.
The company’s production facility, situated in Purba Medinipur, West Bengal, boasts an annual capacity of approximately 93,744 tons of CPC. Spanning about 30 acres, the plant is a significant operation. As of 31 December 2023, the company has a dedicated workforce of around 73 employees involved in production, maintenance, marketing, sales, administration, and corporate services. Additionally, approximately 290 contract workers support operations at the current production facility.
The Objectives of the 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 Timetable
| IPO Opening date | 25 June 2024 |
| IPO Closing | 27 June 2024 |
| Basis of Allotment | 28 June 2024 |
| Initiation Refund | 01 July 2024 |
| Credit to Demat Account | 01 July 2024 |
| Listing Date | 02 July 2024 |
Petro Carbon and Chemicals IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹113.16 Cr – 6,617,600 shares |
| Fresh Issue | ₹113.16 Cr – 6,617,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹162 to ₹171 per share |
| Lot size | 800 Shares |
| Market Maker portion | 430,400 shares |
| Shareholding pre-issue | 24,700,000 |
| Shareholding post-issue | – |
| Listing Exchange | NSE SME |
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 | 1,600 | ₹273,600 |
Petro Carbon and Chemicals Offer Documents
Petro Carbon and Chemicals IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,855,200 (28.03%) |
| Market Maker Shares Offered | 430,400 (6.50%) |
| QIB Shares Offered | 1,236,800 (18.69%) |
| NII (HNI) Shares Offered | 928,800 (14.04%) |
| Retail Shares Offered | 2,166,400 (32.74%) |
| Total Shares Offered | 6,617,600 (100%) |
Petro Carbon and Chemicals Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 152.01 | 276.97 | 515.51 | 445.70 |
| Expenses | 155.00 | 271.61 | 508.11 | 346.76 |
| Net income | 0.12 | 5.71 | 6.72 | 70.31 |
Petro Carbon and Chemicals Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.04 | 2.20 | 2.59 |
| PE ratio | – | – | 62.55 – 66.02 |
| RONW (%) | 0.46 | 18.54 | 17.91 |
| NAV | 9.65 | 11.85 | 14.43 |
| EBITDA (%) | 1.83 | 4.31 | 3.13 |
| ROCE (%) | 2.30 | 10.09 | 10.88 |
| Debt/Equity | 1.15 | 2.56 | 2.15 |
Company Promoters
- Kishor Kumar Atha
- Dilip Kumar Atha
- Gaurav Atha
- Vishal Atha
- Bharat Atha.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Petro Carbon and Chemicals Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 June 2024 | 107 | – | 69,000 |
| 26 June 2024 | 102 | – | 67,500 |
| 25 June 2024 | 92 | – | 58,700 |
| 24 June 2024 | 95 | – | 61,500 |
| 22 June 2024 | 85 | – | 57,500 |
| 21 June 2024 | 75 | – | 45,000 |
| 20 June 2024 | 50 | – | 30,000 |
Petro Carbon and Chemicals Offer Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,36,800 | 9,28,800 | 21,66,400 | 43,32,000 |
| 27 Jun 2024 | 67.65 | 116.32 | 64.02 | 76.27 |
| 26 Jun 2024 | 0.15 | 7.62 | 12.11 | 7.73 |
| 25 Jun 2024 | 0.15 | 2.75 | 2.77 | 2.01 |
Petro Carbon and Chemicals IPO Allotment Status
Petro Carbon and Chemicals IPO allotment status will be available on the Bigshare Services website. Click on this link to get allotment status.
Petro Carbon and Chemicals IPO Listing Details
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Petro Carbon and Chemicals IPO Listing Day Update
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Petro Carbon and Chemicals Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad-380 054
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Petro Carbon and Chemicals Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Petro Carbon and Chemicals Contact Details
PETRO CARBON AND CHEMICALS LIMITED
Avani Signature, 6th Floor, 91A/1, Park Street,
Kolkata, West Bengal, India, 700016
Phone: 033-40118400
E-mail: pccl@athagroup.in
Website: www.pccl.in
Petro Carbon and Chemicals IPO FAQs
What is the Petro Carbon and Chemicals IPO size?
Petro Carbon’s offer size is ₹ 107.21 – 113.16 crores.
What is the Petro Carbon and Chemicals Offer price band?
Petro Carbon’s public offer price is ₹ 162 – 171 per share.
What is the lot size of the Petro Carbon Offer?
Petro Carbon offer a lot size is 800 shares.
What is Petro Carbon Offer GMP today?
Petro Carbon IPO GMP today is ₹ 107 per share.
What is the Petro Carbon kostak rate today?
Petro Carbon kostak rate today is ₹ NA per application.
What is Petro Carbon Subject to the Sauda rate today?
Petro Carbon is Subject to the Sauda rate today is ₹ 69,000 per application.
Final thoughts
Petro Carbon and Chemicals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
