Rite Zone Chemcon IPO

Rite Zone Chemcon IPO

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 nameRite Zone Chemcon India Ltd IPO
Company Websitehttp://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 date31 October 2022
IPO Closing02 November 2022
Basis of Allotment07 November 2022
Initiation Refund09 November 2022
Credit to Demat Account10 November 2022
Listing Date11 November 2022

Rite Zone Chemcon IPO Details

IPO DateOct 31, 2022 to Nov 2, 2022
Face Value₹10 per share
Price₹75 per share
Lot Size1600 Shares
Issue Size1,195,200 shares of ₹10
(aggregating up to ₹8.96 Cr)
Fresh Issue1,195,200 shares of ₹10
(aggregating up to ₹8.96 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME

Rite Zone Chemcon IPO Lot Size

Retail (Min)11600₹120,000
Retail (Max)11600₹120,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Rite Zone Chemcon Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income15.890.6926.2117.48
(Figures are in ₹Lakhs)

Rite Zone Chemcon Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio50.34
RONW (%)25.411.095.22
EBITDA %3.383.094.78
Debt to Equity4.135.210.21

Company Promoters

  • Mr. Bhavesh Babulal Bhandari
  • Mrs. Arti Bhavesh Bhandari

Rite Zone Chemcon IPO Promoter Holding

Pre Issue Share Holding58.39%
Post Issue Share Holding

Lead Manager(s)

  • Expert Global Consultants Private Limited

Rite Zone Chemcon Offer Registrar

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

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

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