Rite Zone Chemcon IPO will open for subscription from 31 October 2022. the company aims for an issue size of ₹8.96 Cr through this IPO.
Rite Zone Chemcon India Ltd
The company deals in a range of construction chemicals and concrete products. It offers a complete construction solutions range 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. Construction chemicals are chemical compounds used in construction works. They are used to speed up the process or add more sustainability and strength to the structures. The addition of construction chemicals to various building materials during the construction work improves performance, and workability adds functionality, and protects the basic or customized elements of a structure.
Its range of products includes Concrete Admixture, Water Proofing Systems, Concrete Lubricators, Engineering Grouts, Industrial Flooring, Concrete Repairs, Curing Compound & Mould Release Agent, Surface Treatment, Tiling & Block Products.
Basic details about the company
| Full name | Rite Zone Chemcon India Ltd IPO |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | http://www.ritezone.in/ |
Major competitive strengths
- R&D set up for constant product improvement and new product development.
- Quality Assurance and customer satisfaction.
- Longstanding customer relationships lead to increased business opportunities.
- Wide product portfolio with a focus on quality.
- Existing committed workforce.
- Asset Light business model with low fixed overheads.
Objects of the Issue
- To part finance the Working Capital Requirements.
- To meet Issue Expenses.
- General Corporate Purposes.
Dates to remember
| IPO Opening date | 31 October 2022 |
| IPO Closing | 02 November 2022 |
| Basis of Allotment | 07 November 2022 |
| Initiation Refund | 09 November 2022 |
| Credit to Demat Account | 10 November 2022 |
| Listing Date | 11 November 2022 |
Rite Zone Chemcon IPO Details
| IPO Date | Oct 31, 2022 to Nov 2, 2022 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,195,200 shares of ₹10 (aggregating up to ₹8.96 Cr) |
| Fresh Issue | 1,195,200 shares of ₹10 (aggregating up to ₹8.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Rite Zone Chemcon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Rite Zone Chemcon Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 574.78 | 379.74 | 493.33 | 1,034.08 |
| EBITDA | 554.68 | 383.26 | 511.88 | 1,004.76 |
| Net income | 15.89 | 0.69 | 26.21 | 17.48 |
Rite Zone Chemcon Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.61 | 0.11 | 1.49 |
| PE ratio | – | – | 50.34 |
| RONW (%) | 25.41 | 1.09 | 5.22 |
| NAV | – | – | 16.55 |
| EBITDA % | 3.38 | 3.09 | 4.78 |
| Debt to Equity | 4.13 | 5.21 | 0.21 |
Company Promoters
- Mr. Bhavesh Babulal Bhandari
- Mrs. Arti Bhavesh Bhandari
Rite Zone Chemcon IPO Promoter Holding
| Pre Issue Share Holding | 58.39% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Expert Global Consultants Private Limited
Rite Zone Chemcon Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor,
Okhla Industrial Area, Phase -I
New Delhi-110020
Phone: +91-11-40450193/97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Rite Zone Chemcon Contact Details
RITE ZONE CHEMCON LIMITED
Row House 11, Beverly Park,
Row House CHS Ltd
Mira Road Thane- 401107
Phone: +91 22 68849680
E-Mail: cs@ritezone.in
Website: www.ritezone.in
Rite Zone Chemcon IPO Allotment Status
Rite Zone Chemcon IPO allotment will be available on Skyline Financial Services’ website.
Click on this link to get allotment status.
Final thoughts
Rite Zone Chemcon IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
