Petro Carbon and Chemicals IPO

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 namePetro Carbon and Chemicals Limited
SectorIndustrials Gases & Fuels
IndustryIndustrials Gases & Fuels
Company Website

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 date25 June 2024
IPO Closing27 June 2024
Basis of Allotment28 June 2024
Initiation Refund01 July 2024
Credit to Demat Account01 July 2024
Listing Date02 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 27, 2024)

Petro Carbon and Chemicals IPO details

Issue typeBook Built Issue IPO
IPO issue size₹113.16 Cr – 6,617,600 shares
Fresh Issue₹113.16 Cr – 6,617,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹162 to ₹171 per share
Lot size800 Shares
Market Maker portion430,400 shares
Shareholding pre-issue24,700,000
Shareholding post-issue
Listing ExchangeNSE SME

Petro Carbon and Chemicals IPO Lot Size

Retail (Min)1800₹136,800
Retail (Max)1800₹136,800
HNI (Min)21,600₹273,600

Petro Carbon and Chemicals Offer Documents

Petro Carbon and Chemicals IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,855,200 (28.03%)
Market Maker Shares Offered430,400 (6.50%)
QIB Shares Offered1,236,800 (18.69%)
NII (HNI) Shares Offered928,800 (14.04%)
Retail Shares Offered2,166,400 (32.74%)
Total Shares Offered6,617,600 (100%)

Petro Carbon and Chemicals Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.125.716.7270.31
(Amount in ₹ Crores)

Petro Carbon and Chemicals Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio62.55 – 66.02
RONW (%)0.4618.5417.91
EBITDA (%)1.834.313.13
ROCE (%)2.3010.0910.88

Company Promoters

  • Kishor Kumar Atha
  • Dilip Kumar Atha
  • Gaurav Atha
  • Vishal Atha
  • Bharat Atha.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Petro Carbon and Chemicals Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
27 June 202410769,000
26 June 202410267,500
25 June 20249258,700
24 June 20249561,500
22 June 20248557,500
21 June 20247545,000
20 June 20245030,000

Petro Carbon and Chemicals Offer Subscription Update

Shares Offered12,36,8009,28,80021,66,40043,32,000
27 Jun 202467.65116.3264.0276.27
26 Jun 20240.157.6212.117.73
25 Jun 20240.152.752.772.01
(The market maker reservation portion of 4,30,400 shares and anchor allocation portion of 18,55,200 shares are not included)

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

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Petro Carbon and Chemicals IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Petro Carbon and Chemicals Lead Manager(s)

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad-380 054
Phone:+91 8777564648

Petro Carbon and Chemicals Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Petro Carbon and Chemicals Contact Details

Avani Signature, 6th Floor, 91A/1, Park Street,
Kolkata, West Bengal, India, 700016
Phone: 033-40118400

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

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