Petro Carbon and Chemicals Limited IPO is set to launch on 25 June, 2024. The company initiated its business operations in the year 2007. It is involved in the business of producing calcined petroleum coke for the carbon industry. The product made by the company is from the base of raw petroleum coke and is used in various industries such as steel, aluminium etc. Its production facility is located in West Bengal And it has an annual capacity of 93755 tons of CPC. It has an employee base of 74 people with 290 contract workers in the factory.
Divine Power Energy Limited : IPO DETAILS
Petro Carbon and Chemicals Limited IPO is set to launch on 25 June, 2024. The subscription timeline extends till 27 June, 2024. The size for the IPO is Rs. 113.16 Crore. The IPO offers fresh issues worth Rs 113.16 Crore. No shares are offered through offer for sale. The lot size is 800 shares and the price is Rs.162 to Rs 171 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited..
Tabular Description of Petro Carbon and Chemicals Limited IPO
| IPO OPENING DATE | 25 June, 2024 |
| CLOSING DATE FOR IPO | 27 June, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 162 to Rs 171 per share |
| LOT SIZE | 800 shares |
| MINIMUM ORDER QUANTITY | 800 shares |
| ISSUE SIZE | Rs. 113.16 Crore |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | Rs. 113.16 Crore |
| LISTING AT | NSE SME Board |
| LISTING DATE | 2 July, 2024 |
Petro Carbon and Chemicals Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 25 June, 2024 |
| CLOSING DATE FOR IPO | 27 June, 2024 |
| IPO ALLOTMENT DATE | 28 June, 2024 |
| REFUNDS | 1 July, 2024 |
| DEMAT A/C CREDITED ON | 1 July, 2024 |
| IPO LISTING DATE | 2 July, 2024 |
Petro Carbon and Chemicals Limited IPO begins for subscription from 25 June, 2024. The IPO subscription would continue till 27 June, 2024. The allotment status for the shareholders who applied would come on 28 June, 2024. The refunds for the ones who did not get allotment would be initiated on 1 July, 2024. The DEMAT accounts of shareholders would be credited on 1 July, 2024. The listing of the company would be completed on 2 July, 2024.
Petro Carbon and Chemicals Limited IPO: Lead Managers
The lead managers are :
- GYR Capital Advisors Private Limited
The minimum and maximum lot size for retail investors is 800 shares, amounting to Rs. 136800. The minimum lot size for HNI is 1600 shares, amounting to Rs. 273600.
| Lots | Shares | Amount | |
| Retail (Minimum) | 1 | 800 shares | Rs.136800 |
| Retail (Maximum) | 1 | 800 shares | Rs.136800 |
| HNI (Minimum) | 2 | 1600 shares | Rs.273600 |
OBJECTIVES FOR THE IPO
- To meet the working capital requirements of the company
- To meet the capital expenditure of the company
- General Corporate Expenses
COMPANY FINANCIALS
| Particularly (in Rs. Lakhs) | 2020-21 | 2021-22 | 2022-23 | |
| Asset | 15992 | 27703 | 26379 | |
| Revenue | 15528 | 27990 | 51760 | |
| PAT | 11 | 570 | 672 |
Petro Carbon and Chemicals Limited had an asset base of 15992 Lakh Rs in 2021 which boosted to 27703 Lakh Rs in 2022. The asset base of the company decreased to 26379 Lakh Rs in the year 2023. The revenue of the firm was 15528 Lakh Rs in 2021 which boosted to 27990 lakh Rs in 2022. In the year 2023 the revenue jumped to 51760 lakh Rs. The profit of the firm was at 11 Lakh Rs in 2021 which increased to 570 Lakh Rs in 2022. The profit of the firm showed constant growth in 2023 as well. It was at 672 Lakh Rs. in the year 2023.
PROS
- The product made by the company is from the base of raw petroleum coke and is used in various industries such as steel, aluminium etc.
- Its production facility is located in West Bengal And it has an annual capacity of 93755 tons of CPC.
- It has an employee base of 74 people with 290 contract workers in the factory.
Petro Carbon and Chemicals Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Petro Carbon and Chemicals Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
